Category: World Real Estate News

State of Madhya Pradesh RERA Rejects EOW Probe into Chairman’s Allegations of Corruption

September 15, 2024

BHOPAL: The Madhya Pradesh Real Estate Regulatory Authority (RERA) has openly opposed the registration of an inquiry by the Economic Offenses Wing (EOW) against its chairman, AP Srivastava. The Authority argues that the investigation is unjustified and unnecessary, asserting that it is legally protected under section 90 of the RERA Act. Recently, the EOW initiated […]

State of Madhya Pradesh RERA Rejects EOW Probe into Chairman’s Allegations of Corruptionmore

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.

September 13, 2024

NEW DELHI: The Reserve Bank of India (RBI) has levied monetary penalties on three Non-Banking Financial Companies (NBFCs) for failing to comply with its directives for housing finance companies. According to an official statement from the RBI on Friday, it has imposed a penalty of Rs 5 lakh on Godrej Housing Finance Limited, Rs 5 […]

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.more

BOP Realty appoints Romil Saxena as Head of BOP Gold Division to Oversee HNI Clientele and Expansion

September 6, 2024

New Delhi: OP Realty, a leading name in the real estate sector, is proud to announce the appointment of Romil Saxena as the new Head of BOP Gold Division, the company’s exclusive division dedicated to High Net Worth Individuals (HNIs). In his new role, Mr. Saxena will spearhead the […]

BOP Realty appoints Romil Saxena as Head of BOP Gold Division to Oversee HNI Clientele and Expansionmore

ED Attaches 401.65 Acres of Land Worth Rs 834.03 Crore Belonging to Emaar India and MGF Developments

August 31, 2024

NEW DELHI: The Enforcement Directorate (ED) has taken action by attaching immovable properties covering 401.65479 acres, with a total value of Rs. 834.03 crore, belonging to EMAAR India Ltd and MGF Developments Ltd, according to an official statement released on Thursday. Among these assets, EMAAR India Ltd’s properties are valued at approximately Rs 501.13 crore, […]

ED Attaches 401.65 Acres of Land Worth Rs 834.03 Crore Belonging to Emaar India and MGF Developmentsmore

Eco-Friendly Growth: Why Gurugram is Leading India’s Sustainable Commercial Real Estate Market.

August 28, 2024

By Dr. Renu Singh, Director – Sales & Marketing, Aarize Group Gurugram, which was earlier known as Gurgaon, has in a true sense epitomized the fast pace of urbanization and skyward economic growth of India. In recent years, the city has gone through a property boom, and become a lucrative destination for property investors. World-class […]

Eco-Friendly Growth: Why Gurugram is Leading India’s Sustainable Commercial Real Estate Market.more

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

SEBI Bans Anil Ambani and 24 Other Entities for Five Years in Fund Diversion Case.

August 25, 2024

NEW DELHI: The Securities and Exchange Board of India (SEBI) has taken stringent action against industrialist Anil Ambani and 24 other entities, including former key officials of Reliance Home Finance Ltd (RHFL), by barring them from the securities market for five years due to their involvement in a fund diversion case. SEBI imposed a penalty […]

SEBI Bans Anil Ambani and 24 Other Entities for Five Years in Fund Diversion Case.more

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.

August 22, 2024

The Supreme Court has given the green light to auction Samrudhhi Realty’s assets, aiming to recover a debt of approximately Rs 5,000 crore. The decision, handed down on Tuesday, authorizes the liquidator to proceed with the auction process. However, a bench led by Justice Abhay S Oka clarified that if any of the assets belonging […]

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.more

Updated deposit requirements shouldn’t be too burdensome for HFCs: Crisil

August 19, 2024

NEW DELHI: According to Crisil Ratings, housing finance companies (HFCs) that accept public deposits are expected to navigate the Reserve Bank of India’s (RBI) revised guidelines, announced on August 12, 2024, without significant difficulty. The revised guidelines, which include several operational adjustments, introduce three main changes for HFCs involved in public deposit-taking. First, HFCs are […]

Updated deposit requirements shouldn’t be too burdensome for HFCs: Crisilmore

Three Entities Settle Insider Trading Charges with SEBI in PNB Housing Finance Case.

August 16, 2024

NEW DELHI: On Tuesday, three individuals settled with the capital markets regulator, the Securities and Exchange Board of India (SEBI), concerning allegations of insider trading violations related to the scrip of PNB Housing Finance Ltd. The settlement was reached after a collective payment of Rs 1.56 crore. The individuals involved in the settlement are Sidhant […]

Three Entities Settle Insider Trading Charges with SEBI in PNB Housing Finance Case.more

Category: World Real Estate News

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