PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over 18 years.
Private equity investments in the real estate sector rose 64 per cent to Rs 19,137 crore in the first six months of this year on increased interest from both domestic and global investors, according to a report.
Realty firm Puravankara Projects Ltd plans to raise up to Rs 1,500 crore by issuing non-convertible debentures (NCDs) for execution of its projects.
The Reserve Bank of India is looking for new premises for its office and residential complex in Shimla near the famous Ridge on Mall Road.
Private equity (PE) investment in retail real estate jumped over thirteen-fold to Rs 3,350 crore in the first six months of this year on the back of some big ticket deals, according to a global property consultant.
Realty firm Unitech Ltd's sales bookings doubled to Rs 362 crore during the quarter ended June 30, compared with the corresponding period a year ago, on higher volumes in the commercial segment.
The 17-lender consortium led by State Bank of India has put on sale embattled businessman Vijay Mallya's prime Goa property, the Kingfisher Villa, at a reserve price of Rs 85.29 crore.
Actor Vivek Oberoi announced the launch of Karrm Infrastructure Pvt. Ltd.'s affordable housing project at Shahapur in Maharashtra.
The Supreme Court on Thursday asked real estate developer Parsvnath Buildwell to pay Rs 12 crore to flat buyers in its "Exotica" project in Ghaziabad within four weeks.
Realty firm Supertech on Wednesday claimed it has sold 250 apartments worth Rs 150 crore in its housing project in Gurgaon within two months from the launch.
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.
The Delhi High Court has granted an opportunity to beleaguered real estate major Unitech Ltd to complete its delayed housing projects and hand over possession of flats to buyers by opening escrow accounts and using the money deposited in them solely for these projects.
Facing consumer complaints over delay in project completion, realty firm Unitech on Friday said it will raise about Rs 300 crore from financial institutions and sale of land parcels to complete over 40 housing projects comprising 13,000 flats within the next two years.
The Competition Commission has dismissed charges against Gurgaon-based realty firm Bestech India with regard to unfair terms and conditions imposed in a flat buyer agreement.
With an aim to give capital markets a big push, the Securities and Exchange Board of India (Sebi) is likely to ease out regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) this month.
The Supreme Court today gave a stern message to Supertech asking it to return money to investors, saying it was not concerned whether the real estate major "sinks or dies".
Online real estate advisor PropTiger said it has acqui-hired Mumbai-based start-up PropRates, a move that will help the News Corp-backed realty portal to add advanced data collation tool to its offering.
The Supreme Court on Monday directed Sahara India Commercial Corporation Limited (SICCL) to deposit Rs 3.5 crore to pay back investors who had bought flats in its Gurgaon project but did not receive possession on time.