Failed Projects, Grieving Families, No help from the Government
India State Lender Plunges After Uncovering Fresh $554 Million Fraud
Fighting for Real Estate Investors
December 6, 2019
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…
India pharma brothers arrested over ‘$330m fraud’
Fighting for Real Estate Investors
December 6, 2019
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…
PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?
Fighting for Real Estate Investors
December 6, 2019
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…
One-third of Indian businesses hit hard by internal, external fraud
Fighting for Real Estate Investors
December 6, 2019
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 set to file fresh charges in $2 billion PNB bank fraud case: source
Fighting for Real Estate Investors
December 6, 2019
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…
Aamby Valley auction process begins at reserve price of Rs 37,000 cr
Fighting for Real Estate Investors
December 6, 2019
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 will finally clamp down on Ponzi schemes that dupe millions of poor investors
Fighting for Real Estate Investors
December 6, 2019
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…
India to crack down on savings scams as Modi backs banking for all
Fighting for Real Estate Investors
December 6, 2019
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…
SEBI orders Sahara Group to refund Rs 14,000 crore to investors
Fighting for Real Estate Investors
December 5, 2019
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…
Another report of fraud in name of PM housing scheme
Fighting for Real Estate Investors
December 5, 2019
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…
never Consider Buying a Property in Lucknow, India
Fighting for Real Estate Investors
December 5, 2019
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…
Sahara and Lucknow Builders accused of fraud
Fighting for Real Estate Investors
December 5, 2019
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…
Fraud, diversion of funds: Real estate giant Ansal API under the scanner in UP
Fighting for Real Estate Investors
December 5, 2019
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…
Fraud cuffs on realtor, aides booked
Fighting for Real Estate Investors
December 5, 2019
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…
Trouble in India’s Real Estate Market
Fighting for Real Estate Investors
December 5, 2019
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…
Real estate crisis In Lucknow India: Indian lenders sleepwalking to trouble on builder debt, UP-RERA of no help
Fighting for Real Estate Investors
December 5, 2019
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…
Corporate Fraud in India – Case Studies of Sahara
Fighting for Real Estate Investors
December 5, 2019
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…
Another FIR filed against Ansal Group in Lucknow for fraud, criminal breach of trust
Fighting for Real Estate Investors
December 5, 2019
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…
Indian property slump leaves beleaguered banks exposed
Fighting for Real Estate Investors
December 5, 2019
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.…
How to fix corruption issues in India’s real estate sector
Fighting for Real Estate Investors
December 5, 2019
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 Lucknow, India – Builders Stealing from innocent Buyers
Fighting for Real Estate Investors
December 5, 2019
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…
How corrupt is the real estate industry in India?
Fighting for Real Estate Investors
December 5, 2019
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…
Trouble in India’s Real Estate Market
Fighting for Real Estate Investors
December 5, 2019
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…
Why smart investors should avoid investing in real estate
Fighting for Real Estate Investors
December 5, 2019
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,…
Why You Don’t Invest in India
Fighting for Real Estate Investors
December 5, 2019
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…
Real Estate (Regulation and Development) Act, 2016
Fighting for Real Estate Investors
December 4, 2019
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…
UP-RERA’s ongoing pain
Fighting for Real Estate Investors
December 4, 2019
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…
Growing pains of regulation in Indian real estate
Fighting for Real Estate Investors
December 4, 2019
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,…
Remedies against unfair practices of builders and real estate developers
Fighting for Real Estate Investors
December 4, 2019
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…
Uttar Pradesh builders and real estate authorities stare at Rs 200 crore in penalties for failing compliance
Fighting for Real Estate Investors
December 4, 2019
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…
Understanding the penalty clause in the builder-buyer agreement
Fighting for Real Estate Investors
December 4, 2019
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…
RERA: Homebuyers to get 10% penalty for delay in projects, but is that enough?
Fighting for Real Estate Investors
December 4, 2019
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)…
Rs 10 crore penalty on 3 Gurgaon builders: NGT refuses to review order
Fighting for Real Estate Investors
December 4, 2019
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…
Builder, buyer to pay same penalty for delay’
Fighting for Real Estate Investors
December 4, 2019
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…
Rera’s three-year report card shows gaps in implementation
Fighting for Real Estate Investors
December 4, 2019
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…
Home buyers still losers as RERA unable to enforce compliance on Builders
Fighting for Real Estate Investors
December 4, 2019
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…
Buyers cry as builders fail to give 5 lakh flats
Fighting for Real Estate Investors
December 4, 2019
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
Fighting for Real Estate Investors
December 27, 2018
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
Fighting for Real Estate Investors
December 27, 2018
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
Fighting for Real Estate Investors
December 27, 2018
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
Fighting for Real Estate Investors
December 27, 2018
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
Fighting for Real Estate Investors
December 27, 2018
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 Projects have all failed
Fighting for Real Estate Investors
February 1, 2018
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…