Category: Current Affairs

Financial crisis

Indian Real estate developers are at risk as nation’s credit market has dried up.

By Abhay Shah, Realty Quarter Indian developers are at risk of going belly-up as growing stress on the national credit market drowns funding even for those willing to afford high rates for decades. “With the increasing shadow banking crisis most developers’ borrowing prices have raised to a peak of around 20% in more than a […]

Indian Real estate developers are at risk as nation’s credit market has dried up.more
High Court

Siroya FM Constructions are ordered to deposit Rs 4.25 crore within 4 weeks – Bombay High Court.

July 15, 2019

By Abhay Shah, Realty Quarter The High Court of Bombay ordered developers, Fatesh Mirchandani and Shrenik Siroya, director of Siroya FM Constructions based in Goregaon, to deposit Rs 4.25 crore in 4 weeks and to divulge the assets of the company within 3 weeks. In association with the reinstatement of his investment of Rs 4.25 crore […]

Siroya FM Constructions are ordered to deposit Rs 4.25 crore within 4 weeks – Bombay High Court.more