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economy
Blackstone pips Baring, Hero Fincorp to buy Aadhar Housing Finance for Rs 2,700 crore

Private equity firm Blackstone today bought Aadhar Housing Finance, affordable housing arm of Wadhawan Global for about Rs 2,700 crore, outbidding private-equity fund Baring Private Equity and Hero Fincorp. “Blackstone emerged as the winner for the affordable housing finance arm of Wadhawan’s Dewan Housing bidding the business at Rs 2,700 crore, which is three times…

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economy
NCLT Delhi merges all petitions against Emaar MGF Land

NEW DELHI: The National Company Law Tribunal (NCLT) Delhi on Thursday ordered amalgamation of all cases against Emaar MGF Land and ordered all the peititoners to file the claim before the resolution professional (RP) appointed by them.The court was hearing eight cases filed against the builder and pronounced the same judgement for all.”It is needless…

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economy
Budget aims to boost realty with tax exemptions for both homebuyers, developers

MUMBAI | BANGALORE: The Interim Union Budget for 2019-20 has provided a major relief to both homebuyers as well as realty developers with several measures aimed at lowering their tax incidence and burden. While the government has pushed the affordable housing agenda further, the proposals are also aimed at boosting the housing demand.Prospective homebuyers can…

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economy
What real estate gained in Budget 2019?

NEW DELHI: Interim finance minister Piyush Goyal presented the interim Union Budget 2019-20 on February 1.According to Goyal, “We are poised to become a five trillion dollar economy in the next five years and aspire to become a ten trillion dollar economy in the next eight years thereafter.”Here is what real estate gained in budget…

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economy
DHFL appoints ‘independent’ accounting firm to verify charges

MUMBAI: Dewan Housing Finance Corp (DHFL) on Thursday appointed an “independent” chartered accountant firm to verify the recent allegations of a Rs 31,000-crore scam involving the company.The development comes after reports emerged that the Ministry of Corporate Affairs might probe the news portal Cobrapost’s claim that the primary promoters of DHFL siphoned off public money…

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