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BJP Lawmaker Mangal Prabhat Lodha Is India’s Richest Realtor. See Top 5
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BJP Lawmaker Mangal Prabhat Lodha Is India’s Richest Realtor. See Top 5

Total wealth of top 100 citizens in real estate sector grew 27% from year ago, says Hurun list.Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker of the ruling BJP, has become the nation’s richest real estate developer after the company’s sales increased 22 per cent. Lodha’s wealth is estimated at Rs 27,150…

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Mangal Prabhat Lodha is richest Indian property tycoon with $3.8 billion wealth
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Mangal Prabhat Lodha is richest Indian property tycoon with $3.8 billion wealth

Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker representing the ruling Bharatiya Janata Party, has become the nation’s richest real estate developer after the company’s sales increased 22 per cent.Lodha’s wealth is estimated at 271.5 billion rupees ($3.8 billion), according to the GROHE Hurun India Real Estate Rich List. Lodha, who started…

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Air India eyes Rs 800 crore from sale of over 70 properties – Times of India
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Air India eyes Rs 800 crore from sale of over 70 properties – Times of India

MUMBAI: Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said Thursday. This fresh bid is a part of the airline’s real estate assets monetisation plan approved by the then UPA government in 2012. As per…

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NBFC fund crunch begins to hit real estate sector – Times of India
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NBFC fund crunch begins to hit real estate sector – Times of India

NEW DELHI: Home buyers and real estate developers are facing a fund crisis, despite RBI’s recent measures to increase bank credit + to non-banking finance companies (NBFCs) and housing finance companies (HFCs). The problem is so acute that in several cases, sanctioned home loans are not being disbursed and funds committed earlier under construction-linked home…

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Supreme Court grills CFO, auditors of Amrapali Group; says CMD, directors to remain under police surveillance
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Supreme Court grills CFO, auditors of Amrapali Group; says CMD, directors to remain under police surveillance

NEW DELHI: The Supreme Court Friday grilled the Chief Financial Officer (CFO) and internal auditors of Amrapali Group over diversion of home buyers’ money and ordered that company’s CMD as also its two other directors would remain under police surveillance at a hotel in Noida. The top court zeroed in on 23 “dummy companies”, which…

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