abbielindrum5

economy
Sebi orders release of Alchemist Infra’s demat account in Rs 1,900 crore illegal scheme case

NEW DELHI: Sebi has ordered release of demat account of Alchemist Infra Realty, the firm allegedly involved in raising over Rs 1,900 crore through unregistered collective investment scheme (CIS).The release order is passed in compliance with the directions passed by Calcutta High Court in December 2018 wherein it had directed to defreeze the demat account…

Read more
economy
RERA panel members bat for builders

NEW DELHI: Intense lobbying has started within a government-appointed panel to bar homebuyers – under the guise of “removing difficulties” for effective enforcement of the real estate regulation law, RERA – from approaching consumer forums and National Company Law Tribunal (NCLT) against erring builders. Members of the panel include real estate regulators appointed by state…

Read more
economy
Blackstone, Xander eye 4.4-million sq ft tech park in Bengaluru

BENGALURU: Private equity giant Blackstone Group, also one of the world’s most influential real estate investors, is in talks to acquire Coffee Day founder V G Siddhartha’s 4.4-million-sq ft tenanted office park in a deal estimated at about Rs 2,200 crore, people directly aware of the matter said. The park, Global Village, located on a…

Read more
economy
Pimpri Chinchwad development body’s draft budget lays focus on low-cost housing

PIMPRI CHINCHWAD: Affordable housing was the focus of the PCNTDA’s Rs 679.89-crore draft budget for 2019-20 presented on Tuesday. Satishkumar Khadke, chief executive officer of the Pimpri Chinchwad New Township Development Authority (PCNTDA), presented the draft budget at a meeting presided over by the authority’s president, Sadashiv Khade.Besides building 5,000 affordable houses under the Pradhan…

Read more
economy
Blackstone, Xander eye 4.4-million sq ft tech park in Bengaluru

BENGALURU: Private equity giant Blackstone Group, also one of the world’s most influential real estate investors, is in talks to acquire Coffee Day founder V G Siddhartha’s 4.4-million-sq ft tenanted office park in a deal estimated at about Rs 2,200 crore, people directly aware of the matter said. The park, Global Village, located on a…

Read more