Tag: Sahara

Sahara Firms’ Assets Attached By SEBI: Projects Affected

SEBI finally attached the assets of two Sahara firms which failed to comply with the Supreme Court order. Earlier in the last year, Sahara firms were fined to repay the amount raised through OFCDs. Two Sahara firms’ failure to comply with the Supreme Court order which asked them to pay off over Rs.24000 Cr to […]

Our Real Estate Investors Are Refunded, Sahara States

Sahara firms stated that they have already repaid their Real estate investors. Sahara groups’ Chairman Subrata Roy stated that the group’s real estate wings have finished refunding. The advertisement was published in one of the leading newspapers. Sahara advertisement, appeared on December- 9, stated that both Sahara India Real Estate Ltd and Sahara Housing Investment […]

Sahara, ICICI, Bhushan Steel may buy Parsvnath’s Connaught Place land.

Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort Capital and Shri Lal Mahal are understood to be in the race among others to acquire Parsvnath Developers’ 1.18 acre of prime commercial land near Connaught Place in the National Capital. In January, Parsvnath had announced plans to monetise the KG Marg land, which it had bought […]

Piramal Realty Acquires Gulita From HUL.

Piramal Realty has acquired Gulita – property in south Mumbai from Hindustan Unilever for R452Cr. Piramal Realty is planning to develop high-end luxury apartments on the one-acre land and Ajay Piramal might keep a part of it for his personal use, given the premium location, according to ET. Gulita is a one-acre property in Worli Seaface, which […]

Bidder for 42 Marriott Hotels in UK is an Indian investor.

Indian property investor Blue Mountain Real Estate Advisors has been selected as the preferred bidder for 42 Marriott hotels throughout Britain after it offered almost 750 million pounds, a media report has said. The holding company for the portfolio of hotels collapsed under the weight of about 900 million pounds of debt, most of it held by Royal […]