NEW DELHI: Embattled real estate firm Unitech Ltd was today directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time. “We feel pained,” a bench of Justices Dipak ... Read More »

This month, the Benami Transactions (Prohibition) Amendment Act, 2016 was notified. It intends to route unaccounted money into the financial system, and seize benami properties while prosecuting those involved with such properties. Its objective are: amending the definition of benami transactions, establishing adjudicating authorities and setting up an appellate tribunal ... Read More »

The volume of real estate investments in Romania reached EUR 359 million in the first six months of this year, three times higher compared to the same period last year. It was one of the highest levels of investment in real estate in the last six years, according to a ... Read More »

Especially in the U.S. Chinese invested $16.1 billion in overseas real estate in the first half of the year, more than double the amount in the same period last year, real estate consultancy CBRE said on Thursday. The United States remained the most popular globalproperty market for Chinese investors, while ... Read More »

Online real estate portals are working on a rating system for brokers to enhance user experience and bring more accountability into the dealer community. While Makaan.com (Elara Technologies Pte Ltd) has already introduced such a system, Quikr.com (Quikr India Pvt. Ltd) has a basic user rating option and is planning ... Read More »

Labour has pledged to reintroduce student maintenance grants and the educational maintenance allowance – both scrapped by Conservative-led governments – if it returns to power. The party said that reintroducing grants for poorer students would be an “investment” and would be paid for by increasing corporation tax “by less than ... Read More »

Hyderabad residential and commercial real estate markets are on revival path and the city is expected to show more growth on the back of government’s infrastructure steps and policy moves. A report by realty consultant JLL said that sales in residential realty market in the city is likely to pick ... Read More »

The real estate regulatory law should be implemented in such a manner that it encourages entrepreneurs to enter this sector and does not hinder growth of projects, DLF Chairman K P Singh has said. In a message to shareholders, Singh said effective implementation of innovative initiatives such as Make in ... Read More »

American Republican presidential candidate and real estate tycoon Donald Trump has an Indian business connection. His Trump Organisation is a part of two major luxury real estate projects in Mumbai and Pune. The Trump Organisation had tied up with the Lodha Group in Mumbai in 2013 and with Panchshil Group ... Read More »

A GOLD Coast real estate agent who has sold millions of dollars worth of up-market homes is facing a possible ban for allegedly allowing her struck-off agent mother to act like an agent in her business. Maserati-driving Sarah Penney-Filippini, 37, who sells million-dollar homes in the The Sovereign Islands estate ... Read More »

TRENTON, N.J. (AP) — A New Jersey man serving a lengthy prison term for running a $200 million Ponzi-style real estate scheme has lost his bid to withdraw his guilty plea and have charges he admitted to in another case dismissed. EIiyahu Weinstein had argued that the federal judge who ... Read More »

India’s tech capital Bengaluru is falling apart — well, almost. A city, whose infrastructure can support just about 30 to 40 lakh people, is now home for more than double that number. In the first of a two-part series, Firstpost traces the origins of Bengaluru’s destruction which began even before ... Read More »