NE Realty Expo gets under way
Chief Minister Tarun Gogoi has inaugurated the ‘Northeast Realty Expo 2011’ at the Maniram Dewan Trade Centre on Thursday, August 25.
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Janaadhar value housing project completes Phase-1
Janaadhar Constructions, handed over the keys to home buyers of Janaadhar Shubha, its first affordable housing project targeted at the aspiring first-time home owner among the urban low income group.
SAT to take up Sahara plea against SEBI on Tuesday
Securities Appellate Tribunal (SAT) will take up petitions by two Sahara group companies, Sahara India Real Estate and Sahara Housing Investment Corp, challenging a SEBI order against them, on Tuesday, August 16.
Lack of teeth in Rural Development Ministry gives tainted companies lifeline
The Ministry of Rural Development has decided to get the names of the companies IL&FS Ltd, Infrastructure Kerala Ltd, Marg Ltd, Megha Engineering Infrastructure Ltd and Seri Infrastructure Finance Ltd cleared from the Ministry of Corporate Affairs.
IL&FS, DB Realty & Rural Development Ministry – Its all in the family
In an obvious chain of patronage IL&FS, the company which gets the contract opts for Sanganer project Rajasthan from where Arvind Mayaram’s mother Indira Mayaram has been contesting Assembly elections and Mayaram and family has farmland there.
IL&FS & Rural Development Ministry’s largesse to DB Realty
At a time when investigations into the “mother of all scams” the 2G spectrum allocation scam allegedly by former telecom minister A Raja and owners of some telecom firms are in full swing and the Apex Court is monitoring the investigations, it has come to light that the Rural Development Ministry has been awarding projects to a major infrastructure and finance company, IL&FS which had invested in the scam tainted DB Realty.
Balwa’s resignation led to DB Realty’s shares nosediving a record low
Shares in developer DB Realty hit a record low on Monday after its Managing Director Shahid Balwa, embroiled in a widening telecom corruption investigation, resigned from his position.
DB Realty absorbed Dawood money, believes CBI
THE CBI interrogation of DB Realty’s MD, Shahid Balwa, in connection with the 2G spectrum scam has thrown up the possibility of the real estate magnate having links with India’s most wanted man, Dawood Ibrahim. According to senior CBI officials, Dawood invested large sums of money in Balwa’s firm, which was used by him to finance many of his business deals.
Kumari Selja blames banks for discouraging affordable housing
Kumari Selja, Union Minister of Housing and Urban Poverty Alleviation & Minister of Tourism, has categorically blamed the banks for not facilitating the affordable housing. Inaugurating the 10th National Convention of National Real Estate Development Council (NAREDCO) at New Delhi the minister said the housing finance sector has witnessed a boom in the recent past due to favorable government policies.
CREDAI 10th NATCON to focus on affordable housing
The 10th National Convention (NATCON) of Confederation of Real Estate Developers’ Association of India (CREDAI) is being held in New Delhi, Dec 16-17, and the focus this year is on the affordable housing. The convention will be attended by more than 600 leading real estate developers, heads of financial institutions, fund managers, bankers, state & central government representatives, realty professionals and international experts. The convention will highlight the areas of concern in providing affordable housing to meet the growing need of creating inclusive development in the sector.