Real estate
SC slams Sahara for delaying Aamby Valley auction; orders go-ahead
13 Oct 2017
The apex court asked the Maharashtra Director General of Police to hand over Sahara’s flagship project to the official liquidator after Sebi blamed Sahara for the failure of the first round of bidding for the project
Big deal: Biyani’s Future buys Shoppers Stop arm HyperCity
07 Oct 2017
The deal is seen as a win-win for both sides, enabling Shoppers Stop to pare its losses and focus on its tie-up with Amazon, and Future Group’s Big Bazaar to expand its footprint in the metros
Centre announces new PPP policy to make housing affordable
22 Sep 2017
The new policy extends central assistance of up to Rs2.50 lakh per house to those constructed on private lands and offers government land for private construction while offering eight PPP options to builders to choose from
SC allows homebuyers to intervene in Jaypee insolvency case
19 Sep 2017
Investors in Jaypee Infratech’s housing projects have sought a Supreme Court direction to the government to declare flat owners and flat buyers also as secured creditors like banks and financial institutions
Only 2 bidders interested in Sahara’s Aamby Valley: report
18 Sep 2017
The township near Pune in Maharashtra has been put up for auction as ordered by the Supreme Court at a reserve price of Rs 37,392 crore
Unitech’s Chandra brothers denied bail, face police grilling
16 Sep 2017
A bench led by Chief Justice of India Dipak Misra said the bail applications will be considered only after the data of home buyers seeking refund or possession of flats is collated
SC asks Jaypee group to deposit Rs2,000 cr of homebuyers' money
11 Sep 2017
The latest development will give some respite to more than 30,000 investors in Jaypee Infratech projects in Noida and Greater Noida who would otherwise have doomed in the insolvency proceedings
China's Dalian Wanda Group demands apologies and compensation fom media outlets over false reports
06 Sep 2017
SC stays insolvency proceedings against Jaypee, gives homebuyers first right
04 Sep 2017
The apex court also issued notices to the finance ministry, Jaypee Infratech, Reserve Bank of India, the lender IDBI Bank as well as the UP government and posted hearing in the case for 10 October
DLF promoters to sell 33% stake in rental arm to GIC for Rs8,900 cr
26 Aug 2017
DLF promoters will offload their entire 40 per cent stake in DLF Cyber City Developers Ltd for Rs12,000 crore, to repay Rs10,000 crore of the developer’s total debt of nearly Rs26,000 crore
Liquidator publishes notice for auction of Aamby Valley
14 Aug 2017
Sahara's advocate Gautam Awasthi said the apex court has given the company time till 7 September to deposit the Rs1,500 crore by entering into a deal with Mauritius-based Royale Partners to invest $1.67 billion in Aamby Valley
SC rejects Subrata plea to stay Aamby Valley auction
10 Aug 2017
Justice Mishra said the court will only stay the auctioning of Aamby Valley if and when the group deposisd Rs1,500 crore with the Securities and Exchange Board of India
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