Bajaj Housing Finance is gearing up to launch its highly anticipated initial public offering (IPO) worth Rs 6,560 crore on September 9, 2024. This public subscription event will close on September 11, with a special bidding window for anchor investors set to open on September 6, as outlined in the red herring prospectus (RHP). The […]
Bajaj Housing Finance to launch Rs 6,560-crore IPO on September 9more
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
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
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
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
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
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 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 NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has escalated 250 cases concerning the possession of properties to the courts of adjudicating officers stationed at the Lucknow headquarters and the Gautam Budh Nagar office. Of these, approximately 130 cases have been directed to the adjudicating officer at the Lucknow office, while about 120 […]
UP-RERA Refers 250 Possession-Related Cases to Adjudicating Officers’ Courts.more
MUMBAI: The National Company Law Tribunal (NCLT) has confirmed the validity of the charge held by Piramal Capital & Housing Finance on Radius Estate Projects’ 5.4-acre development in Santacruz, Mumbai. This ruling, announced on Wednesday, settles a disputed issue involving creditors, including J.C. Flowers Asset Reconstruction and Piramal Capital & Housing Finance, by clarifying the […]
Piramal Capital Recognized as Creditor in Radius Project’s Mumbai Development.more
