Property News from IndianRealtyNews

Property News from IndianRealtyNews

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SEBI Orders Sahara Group to Return Money Raised from Investor

Posted: 23 Jun 2011 08:40 PM PDT

India’s market regulator Thursday ordered two companies of the Sahara Group to return the money raised from investors from the issuance of six optionally fully convertible debentures (OFCDs) for failure to adhere to local laws. The Securities and Exchange Board of India, or SEBI, said it ordered Sahara Commodity Services Corp. Ltd., earlier known as [...]

Record Deal in South Mumbai: Developer Pays Rs 350 Crore for Bungalow Property

Posted: 23 Jun 2011 07:46 PM PDT

A suburban developer has paid a record price of Rs 350 crore for a Nepean Sea bungalow property. Runwal Group, which has projects largely in the eastern suburbs, bought Nepean Grange , the two-storey bungalow constructed in 1918, from the Kapadia family. The transaction was finally concluded a few days ago after months of negotiations, [...]

Crisil Reports 5% Fall in Ahmedabad Property Prices

Posted: 23 Jun 2011 07:23 PM PDT

This may not be good news for investors, but it's music to the ears of home buyers in the city. A reliable market research agency, Crisil Research, says that there will be 5% correction in the realty prices in Ahmedabad this year. A recent report released by Crisil Research, titled 'Real(i)ty Next: Beyond the Top [...]

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