Category: Real estate

Three directors of real estate firm Amrapali sent to police custody for not handing over documents for forensic audit

The Supreme Court today ordered three directors of real estate Amrapali group to be taken into police custody because they hadn’t handed over documents relating to its accounts to forensic auditors. A bench of justices Arun Mishra and UU Lalit said the company directors had been “playing hide and seek” with the court and told the […]

IL&FS Transport, Infibeam, NALCO, Indiabulls Real Estate top gainers among BSE Group A stocks

The benchmark indices, including the Nifty and the Sensex have extended their respective losses in the afternoon session with the Nifty50 down 130 points and is trading at 10,878 while the Sensex is trading lower by 479 points at 36,046. The breadth of the market favoured advances, with 1057 stocks advancing, 706 declining and 299 remaining unchanged. On BSE, 1,462 […]

Investing in real estate funds can help diversify risk

Residential real estate which was reeling under pressure due to demand-supply mismatch since 2013 underwent a slew of transformational reforms in 2016 and 2017 which postponed the sector’s recovery further. While demand revival is inevitable considering India’s growth prospects, pent up demand and job creation, this cyclical recovery will be driven by end-user demand. Investor […]