On February, the Reliance Home Finance Company, which is owned by Anil Ambani, defaulted to repay Rs 40.08 crore loan, it reported in a regulatory filing on March 10. The company has some Rs 700 crore funds in the form of liquid mutual fund investment, it said. “However the delay in debt servicing is due […]
Reliance Home Finance Company failed to repay Rs 40 crore loans in February.more
Indiabulls Housing Finance said on Sunday that Yes Bank owes Rs 662 crore as bonds to the firm and does not have any term loans pending from the lender. “We wish to notify that Yes Bank via additional Tier 1 (AT-1) bonds owe to Indiabulls Housing Finance Rs 662 crore,” the report said in a […]
The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.more
On 3 March Gujarat High Court issued a notice to the Gujarat Real Estate Regulatory Authority (RERA) seeking a response to the plea for dismissal on the day of the adjournment of the complaint. The RERA dismissed the argument after the declaration of an adjournment in a case, on the grounds that the party did […]
Gujarat RERA receives notice from the High Court for dismissal of a builder case.more
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
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
On 27 February, Satinder Singh Bhasin, a Noida-based businessman who was arrested on charges of cheating and fraudulently selling the property to several people, was allowed by the Supreme Court to travel abroad for 10 days under certain terms. A Division Bench of Justices AM Khanwilkar and Dinesh Maheshwari allowed the petitioner to pertain for […]
Builder accused in property scam gets approval to travel abroad by the Supreme Court.more
On 24 February, the city police registered an FIR against five real estate developers, including a member of the Bharatiya Janata Group MP, following complaints from Gurugram’s District Town and Country Planning (DTCP) Department. These developers couldn’t provide the residents with basic amenities. R.S. Baat, DTCP head, said the FIRs were registered in violation of […]
DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.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
