Blog

State lender Punjab National Bank paced losses in the Nifty Bank Index on Monday after it disclosed another incident of fraud amounting to 38 billion rupees ($553 million), roughly one…

Police in India have arrested two businessmen brothers over alleged embezzlement of more than $330m (£265m) from a financial services company. Shivinder Singh and Malvinder Singh, former promoters of the…

State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore Public sector banks reported frauds of over Rs 95,700…

NEW DELHI: Nearly a third of Indian businesses experienced frauds by internal as well as external parties in the last 12 months, with data theft being the top most fraud…

India’s federal police will soon file fresh charges in the $2 billion Punjab National Bank (PNB) (PNBK.NS) fraud case and detail how the alleged wrongdoing was carried out, according to…

sahara_2277735f SHARE SHARE SHARE EMAIL SHARE COMMENT RELATED After KKR deal, Radiant eyes hospital buys worth ₹1,500 cr Apex Court takes note of deposit of Rs 710.22 cr by Sahara chief…

India’s decided to go after Ponzi schemes that take millions of small investors for a ride. The Narendra Modi government is planning to pass a bill in July that will apply stringent…

Unscrupulous operators have bilked savers of billions of dollars by running pyramid schemes or promoting questionable investments in everything from tree plantations to farming emus, a flightless bird.     The…

In a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a…

Lucknow With one more case of bluff pulled in the name of Pradhan Mantri Awas Yojna scheme reported at Cyber Cell of Lucknow Police on April 17, the toll has now reached…

While I was searching for a decent property in the outskirts of lucknow city I came across the market reputation of the company…..and to my surprise it was worse than…

LUCKNOW: An Indira Nagar-based private firm has been accused of duping investors under the pretext of offering them real estate at reasonable rates. Takrohi resident approached Ghazipur police station on…

UP real estate regulator says firm diverted over Rs 600 crore out of a total investment of Rs 2,400 crore. UP-Rera of no help. Lucknow: Real estate giant Ansal API, entrusted…

LUCKNOW: The managing director of a real estate company was arrested on Monday and three of his co-owners booked under the Gangster Act for allegedly cheating buyers from whom they…

A combination of government reforms, falling demand, and bad loans is hurting India’s real estate sector. If you live in one of the big cities, or even if you have…

The pressure to finish comes from the markets: Of the $14.6 billion the builder has to pay creditors between now and 2021, as much as 86 percent is return of…

Since 2009, when the Sahara Group’s activities first came under the radar of SEBI leading up to the arrest of Sahara India Pariwar founder Subrata Roy in 2014, both parties…

Not a day goes without reading about fraud in Lucknow, India. In her FIR, the complainant has accused Ansal API of accepting over Rs 30 lakhs through cheques for booking…

India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks.…

The proposed real estate law cleans up parts of the corruption chain. And it leaves several parts untouched. Hidden charges, delivery delays, broken promises, vanishing builders…Such frustrating, black episodes while…

Hazratganj got its name in 1842, and is popularly known as ‘Ganj’. After the First War of Independence in 1857, the British took over the city of Lucknow and Hazratganj…

Everywhere not in India, you can find corruption in whorle the world. It depends on you how are you smart and having knowlegde regarding your profession. No doubt real estate…

A combination of government reforms, falling demand, and bad loans is hurting India’s real estate sector. If you live in one of the big cities, or even if you have…

Human beings have felt the allure of land since time immemorial. Families, regions, nations and civilizations have gone to war in order to claim land or protect it. Alexander, Caesar,…

Last week, Apple CEO Tim Cook told analysts that “India is moving fast. They are moving at a speed that I have not seen in any other country in the…

The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real…

Excitement is the sentiment that has scored over positivity in the realty sector be it Punjab or Haryana. The mood may not be upbeat businesswise, but  there are animated discussions…

Over the last three decades, India has made significant strides in establishing itself as a major player in the world economy. Despite its rapidly evolving economy and expansive capital markets,…

Today the real estate industry is one most flourishing industry in India. The demand for residential and commercial property is increasing constantly and so is the number of builders and…

UP RERA has also issued a show-cause notice to Greater Noida development body which faces a penalty of over Rs 3 crore and Ghaziabad development body which may have to…

Penalty clause is the sole section, which holds the potential to serve a homebuyers’ interest in case of dispute with the builder. Pay extra attention to this provision while finalising…

In a bid to protect the interest of homebuyers as well as weed out non-serious and unscrupulous players from the market, the Real Estate (Regulation and Development) Act, 2016 (RERA)…

The National Green Tribunal on Tuesday refused to review its order imposing an interim penalty of Rs 10 crore on three builders in Gurgaon for violation of environmental norms and…

NEW DELHI: Forcing homebuyers to pay interest in the range of 18% per annum for delay in payment of instalment while the builders themselves pay a paltry 1.5-2% for delay…

Ashwini Kumar Sharma Rera has made progress in four-five states, but has failed to address homebuyers’ concerns in others While many states don’t have a website yet, some of the…

Bengaluru: On November 17, more than 100 people gathered at a construction site on Sarjapur Road to stage a silent protest against a well-known builder for delaying the construction of…

Over five lakh apartments in Noida, Gurugram and their surrounding pockets are either incomplete or have not been handed over, long after their delivery deadlines got over, government and industry…

Power Project Sahara India Pariwar is seeking to generate power via conventional as well as renewable methods and technology, and has entered the power sector through Sahara India Power Corporation…

Sahara Hospital, Lucknow A state-of-the-art, multi-specialty, tertiary care hospital providing world class facilities with more than 50 super specialities and latest generation equipments under one roof. This hospital is spread…

Sahara Star Mumbai Sahara Star, the flagship hotel of Sahara India Pariwar, is one of India’s most desirable destinations. The 5-star hotel strategically located near Mumbai’s domestic airport magnificently depicts…

Sahara Grace Premium residential complexes typically designed on 10-30 acres each, comprising solely of residential units like apartments, villas and penthouses. Log on to www.saharagrace.com for more details Sahara Swapna…

SAHARA CITY HOMES The world’s largest chain of integrated townships ranging from approx. 80-300 acres each, offering amenities superbly matched to international standards, being developed in a number of Tier-I,…

Sahara launched over 10 township projects across Tier-2 and 3 which never completed LUCKNOW: Sahara India has launched 10 integrated township projects across Tier-II and -III cities in the country…