On Friday, the Enforcement Directorate raided Yes Bank founder Rana Kapoor’s Mumbai residence in connection with an investigation of money laundering against him and others, officials said. They said that the raid was carried out in his residence at Samudra Mahal. Also, the officials said Kapoor is being questioned at his house by the ED […]
Yes Bank founder Rana Kapoor experiences raid in his residence by ED.more
In a desperate bid to recover Rs 9.42 crore, owed by alleged economic offender Nirav Modi as property tax, the BMC has written to the Enforcement Directorate seeking to be paid as soon as the agency auctions the three commercial properties of the elusive diamantaire. A senior civic official said BMC has the first claim […]
BMC intends to retrieve Rs 10 crore tax from Nirav Modi’s properties.more
After two years on the run and changing around a dozen SIM cards, a 51-year-old developer was arrested on Wednesday from Andheri area by the city economic offences wing (EOW) police, where he was staying in a rented flat. The accused, who is embroiled in five cases, had offered flats in the saleable portion of […]
Developer held in cheating nearly 80 flat buyers in Mumbai.more
MHADA has made investments in redevelopment buildings in South Mumbai less costly for developers. It directly translates into affordable housing for the common man at the heart of Mumbai. Are you living in a compact house in South Mumbai? Or perhaps, you’ll find yourself in an old building and have no other choice but to […]
South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.more
Reliance Anil Dhirubhai Ambani Group (ADAG) is in discussion to rent a portion of Whittle school and Studios, the educational institution located in Washington DC, from its subsidiary’s Santacruz headquarter, Reliance Infrastructure Limited (R-Infra). ADAG Chairman Anil Ambani told the UK court earlier this month that his net worth was zero and that he was […]
Reliance Infrastructure to rent out its 6.95 lakh sqft Mumbai office space to an Educational Institute.more
Morgan Stanley has purchased an equity stake in Ummeed Housing Finance in the funding round of the company’s Rs 164-crore series-D. Ummeed Housing is operated by Swiss investor LGT, which has purchased the Soros Economic Development Fund’s India-focused fund Aspada. A fund operated by global investor Morgan Stanley Private Equity Asia, which owns a minority […]
Morgan Stanley acquires Ummeed Housing Finance equity stake for Rs 164 crore.more
The State housing department would shortly be enabling the Slum Rehabilitation Authority (SRA) project beneficiaries to sell their homes in five years instead of ten years. Housing Minister Jitendra Awhad made the announcement at the assembly on 25 February to reduce the lock-in period. The decision was taken on the basis of a recommendation provided […]
Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.more
Home Minister Anil Deshmukh said on Wednesday to the Legislative Council, that the installation of CCTV cameras would become mandatory in new buildings in Maharashtra. He also said that the CCTV cameras would be connected to the state Home department’s Crime and Criminal Tracking Network and Systems (CCTNS). This announcement was made while the opposition […]
Housing Minister will mandate CCTV cameras in all new buildings.more
The real estate development arm Larson & Toubro’s (L&T Realty) is in planning to do a partnership with DB Realty for developing a residential project in the Malad area of Mumbai’s Western suburb. The said project is estimated to be over 1.4 million sq ft, said three persons with direct knowledge of the development. The […]
L&T Realty is going to develop a residential project together with DB Realty in Malad, Mumbai.more
India’s largest public sector bank, State Bank of India (SBI) on Saturday has declared that it is going to conduct mega e-auction that will consists more than 1,000 commercials, residential and industrial properties across the country. “We at SBI are very clear when putting immovable properties, mortgaged with the Bank/attached by court order to auction, […]
SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.more