Sahara Group has recently bought a land parcel in Bangalore. The deal was fixed at price worth Rs.149 Cr, said sources with direct knowledge. Even when they are daily tortured by the SEBI, the Sahara group thinks of only expansion. The group seems least worried about their attached properties and the huge number of cases […]
SEBI recently has requested Supreme Court to hear all the cases against Sahara. The market regulator demanded that all cases must be transferred to the apex court for its hearing. Securities and Exchange Board of India continues to be aggressive against Sahara firms. Recently SEBI has requested the Supreme Court to hear all cases against […]
By skgupta
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Posted in Property News
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Also tagged Lucknow High Court, Sahara Group, Sahara Housing Investment Corp Ltd, Sahara India Real Estate Corp Ltd, SAT, Securities And Exchange Board Of India, Securities Appellate Tribunal Mumbai, SHICL, SIRECL, Subrata Roy, Subrata Roy Sahara, Supreme Court
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Supreme Court has asked two Sahara firms and the group head Subrata Roy to answer the market regulator SEBI in a week. After hearing the contempt petition submitted by SEBI, Supreme Court has ordered two Sahara firms and the chairperson and managing worker of Sahara Group Subrata Roy to reply the petition of SEBI within […]
By skgupta
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Posted in Property News
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Also tagged Market Regulator, Sahara, Sahara firms, Sahara Housing Investment Corporation, Sahara India Real Estate Corporation, Securities And Exchange Board Of India, SHICL, SIRECL, Subrata Roy, Subrata Roy Sahara, Supreme Court
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The pleas of Subrata Roy Sahara and three others against the market regulator SEBI will be heard by Securities Appellate Tribunal (SAT). Securities Appellate Tribunal will hear the pleas submitted by Sahara Chief Subrata Roy. Along with Roy, three other top executives also have pleaded against SEBI in front of SAT.
February 25, 2013 – 5:33 pm
After attaching the properties and the freezing their accounts, The Securities and Exchange Board of India (SEBI) asked the people not to enter into any dealings with the Sahara group. A couple of weeks back, SEBI attached the properties of two Sahara Group firms. The attached properties include both movable and immovable properties. Failing to […]
December 6, 2012 – 7:13 pm
The Apex Court of India harshly condemned Sahara Groups for their failure. Sahara Groups failed to refund its investors Rs.27000-Crore. Sahara Groups was further ordered to refund the amount within a week by SC. Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd (SIRECL and SHICL respectively) had been fined Rs.27000-Crore. These […]
October 5, 2009 – 3:23 pm
Sahara Prime City, which aims to raise Rs 3,450 crore from an IPO, will utilize Rs 2,668 crore in the next 3 years to part-fund development of about nineteen thousand housing units across the country. At present, Sahara Prime City is developing nine integrated townships and one residential complex in cities such as Lucknow, Indore, […]
At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment. REMFs, which were touted as key instrument enabling retail investors to take part […]
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Also tagged Capital Gains Tax, Debt Funds, Direct Taxes, Dividend Distribution, Estate Assets, Exchange Board, Finance Ministry, Income Tax Act, Income Tax Act 1961, Mortgage Backed Securities, Mutual Funds, Real Estate Sector, Realty Companies, REMF, Retail Investors, Tax Incentives
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The real estate sector has hogged the attention among favored investment avenues for a host of venture capital funds (VCFs) and foreign venture capital investors (FVCI) during the preceding fiscal. Amongst different sectors, together with IT and telecom, real estate alone attracted twenty percent of the total investments made by both VCFs and FVCIs during […]
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Also tagged Exchange Board, India, Investment, Investment Avenues, Last Investments, Real Estate Sector, Service Sector., Telecom, VCF, Vcfs, Venture Capital Investors
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MUMBAI – Indian market regulator, the Securities and Exchange Board of India (SEBI), said it has amended the regulations to allow domestic fund houses to start real estate mutual funds (REMF) in the country. In a release, the regulator said however that existing mutual funds have to fulfill certain conditions, such as having an sufficient […]
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