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| 2G Scam-Unitech MD under CBI Scanner Posted: 15 Feb 2011 04:27 AM PST The Central Bureau of Investigation (CBI) has summoned Unitech chairman-cum-managing director Sanjay Chandra in connection with the 2G spectrum allocation scam. The summon to the CMD of real estate giant comes days after the arrest of DB Realty boss Shahid Balwa on February 9. Unitech and Swan had together caused a loss of over Rs [...] |
| Sale of Luxury Apartments Down Posted: 15 Feb 2011 04:23 AM PST An estimated 40% of luxury apartments coming up in India’s financial center are unsold, say analysts and brokers. These apartments cost anywhere from $1 million to $12 million, and range from 5,000 square feet to 13,000 square feet in size. Sales have slowed down in the last two to three months, thanks mainly to the [...] |
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