Real Estate

  • CJ Show: Buyers cheated by Faridabad's top builder 02-03-2014 06:04 PM

    CJ Manoj Kumar and hundreds like him in Faridabad have been duped by a builder after they had booked their flats with them. After approaching everyone, Manoj has now picked up the CJ mike to expose the malpractice by the buyer. ...
  • 7 new pending Bills You Should be Aware Of in 2014 23-01-2014 12:51 PM

    1. The Real Estate (Regulation and Development) Bill, 2013 The real estate sector is largely unregulated. There is lack of standardisation, transparency and consumer protection. Introduced in August 2013, this Bill deals with residential real estate, and looks into the transactional (buying and selling) aspect of the sector; it aims...
  • 4 investment segments to watch in 2014 16-01-2014 02:30 PM

    1. Real Estate The year 2013 was not really great when it came to investing in real estate. Prime areas in Mumbai actually saw a fall of around 10 percent, while the suburbs managed to maintain the price range. Real estate is a difficult business to understand. Since developers are...
  • Sebi board approves new norms for exercise of enhanced powers 24-12-2013 06:47 PM

    To ensure greater efficacy in exercise of its new powers, market regulator Sebi's board on Tuesday cleared new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling schemes. The new norms also seek to ensure that sufficient safeguards are put in place...
  • Architects of change: 'Real estate sector has drastically changed' 02-12-2013 07:54 PM

    Over the last two decades the Indian real estate sector has gone from being disorganised, fragmented and poorly governed to an organised, transparent industry with global standards, that caters to every need and range. Not only that the sector has favourably contributed to the economy, created jobs, and spaces that...
  • Indian economy grows by 4.8 per cent in Q2 29-11-2013 07:40 PM

    New Delhi: After sluggish growth in the first quarter, Indian economy grew by 4.8 per cent in the second quarter this fiscal due to improved performance of farm, manufacturing, construction and services sectors. The country's gross domestic product (GDP) had expanded by 4.4 per cent in the April-June quarter of...
  • BlackBerry looking at real estate sales to raise money: Report 03-10-2013 09:27 AM

    Toronto: Struggling Canadian smartphone maker BlackBerry Ltd may sell some of its real estate to raise money, the Globe and Mail newspaper said on Wednesday. Citing sources it did not identify, the Globe said BlackBerry had asked real estate companies to "outline ideas to generate the largest possible return in...
  • UP ranks highest in new investments in real estate sector: ASSOCHAM 30-09-2013 01:47 PM

    UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said on Monday. Interestingly, the total new investments in real estate...
  • Real estate company paid for burqas for BJP's 'Mahakumbh': Digvijay Singh 24-09-2013 05:16 PM

    Indore: Congress General Secretary Digvijay Singh on Tuesday alleged that the ruling BJP had got 10,000 burqas stitched for its 'Karyakarta Mahakumbh' to be held in Bhopal on Wednesday, for which director of a real estate had paid Rs 42 lakh to the tailor. "In order to purchase 10,000 burqas...
  • Difficult to believe that Sahara refunded money to investors, says SC 13-08-2013 09:34 PM

    New Delhi: The Supreme Court on Tuesday said it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with SEBI. Sahara group, which faced tough time in convincing...
  • Subrata Roy not liable for refunding Rs 24,000 crore: Sahara to SC 06-08-2013 07:50 PM

    New Delhi: Sahara group on Tuesday told the Supreme Court that its chief Subrata Roy is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of SEBI which wanted his passport to be impounded till the contempt plea against him and companies...
  • Supreme Court to hear Sahara-SEBI case today 06-08-2013 10:50 AM

    New Delhi: The Supreme Court is set to take up the SEBI-Sahara case again on Tuesday. On July 30, SEBI had made a forceful plea to punish Sahara chief Subrata Roy along with his two firms and their directors for not complying with its order for refunding Rs 24,000 crore...
  • Supreme Court adjourns SEBI-Sahara case hearing to August 6 30-07-2013 05:04 PM

    New Delhi: SEBI on Tuesday made a forceful plea to the Supreme Court to punish Sahara chief Subrata Roy along with his two firms and their directors for not complying with its order for refunding Rs 24,000 crore to investors. Refuting the contention of Roy who had submitted that he...
  • What the Real Estate Bill means for home buyers 05-06-2013 10:33 PM

    CNN-IBN speaks to Kartik Varma, co-founder of PropTiger.com on how the bill is likely to benefit the home buyers. ...
  • Cabinet approves Real Estate Regulator Bill 05-06-2013 11:17 AM

    New Delhi: Cabinet has approvedthe Real Estate Regulator Bill to prevent arbitrary and false claims by the builders while advertising and selling flats and houses. According to the bill, builders have to register all their projects with the state regulatory authority and must deliver the projects within the stipulated period....
  • Real Estate Bill will bring transparency in sector: Realtors 04-06-2013 09:59 PM

    New Delhi: Hailing the Cabinet's approval of Real Estate Regulator Bill, realtors' body NAREDCO on Tuesday said the proposed law will bring transparency in the sector, while helping home buyers in redressal of their grievances. The Cabinet approved the Real Estate (Regulation and Development) Bill on Tuesday. It provides for...
  • News 360: Actress Jiah Khan found dead, boyfriend questioned 04-06-2013 09:38 PM

    The film world woke up to some shocking news this morning as actress Jiah Khan was found dead in her apartment in Juhu, Mumbai. ...
  • Cabinet clears Real Estate Bill, discussion on Food Bill on Friday 04-06-2013 07:35 PM

    New Delhi: The Cabinet on Tuesday cleared the Real Estate Regulator Bill, but did not take up the Food Security Bill, saying it will be discussed on Friday. Sources said the Congress is likely to push for an ordinance on the Food Security Bill, despite divisions within the government. While...
  • Thane building collapse: Civic official arrested 24-04-2013 10:11 PM

    Thane: With the arrest of a Deputy Municipal Commissioner of Thane Municipal Corporation on Wednesday night, the number of arrests in connection with the building collapse in Mumbra area has gone up to 22. DMC Srikant Sarmokdam, whose name was found in the diary of the builder (already arrested), was...
  • Karnataka polls: The real estate lobby and the richest candidates 12-04-2013 09:07 AM

    Bangalore: The real estate lobby entered the Karnataka state politics in the late 90s. CNN-IBN takes a look at some of the richest candidates in the fray for this year's Assembly polls, many of them from the real estate business. Priyakrishna is the richest candidate in the fray and also...
  • Subrata Roy, others to appear before Sebi today 10-04-2013 08:29 AM

    Mumbai: In the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara Group's chief Subrata Roy and other top executives will appear before the marget regulator Sebi on Wednesday. Sebi had summoned Roy and three other directors of two Sahara firms for personal...
  • Errant builder told to pay over 50 lakh to flat applicant 10-04-2013 04:48 AM

    New Delhi: A builder who failed to start a Greater Noida residential project on time has landed in trouble as a consumer court in Delhi has directed him to pay compensation of Rs.3 lakh and refund the over Rs.49 lakh cost of a flat to a complainant. Delhi Consumer Disputes...
  • Guilty are bound to be punished in Thane building crash: GR Khairnar 08-04-2013 04:13 PM

    About 74 people have lost their lives in the Thane building collapse, many others including infants and children have been grievously hurt. GR Khairnar, former municipal commissioner, Mumbai joined IBNLive readers for an interaction on whether the guilty will be made to face justice. Q. Will the guilty be made...
  • Rs 55 cr and counting: SEBI's expense bill to Sahara 07-04-2013 03:17 PM

    New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000-crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities...