Real Estate
CAG Exposes Irregularities in Greater Noida Land Allotments: ₹3,600-Cr Loss
The Comptroller and Auditor General (CAG) has identified significant irregularities in the Greater Noida Authority’s land allotment processes, resulting in an estimated loss of over ₹3,600 crore.
Real Estate Mumbai
Mumbai Faces Rs 1,127 Crore Cyber Fraud Loss: A Call for Urgent Reforms
Mumbai residents lost a staggering Rs 1,127 crore to cyber fraud over a 15-month period, with 85% of the losses attributed to cyber-cheating. The city’s authorities are now urging for stricter measures to combat the rising tide of digital fraud.
Real Estate
BRS Warns Real Estate Firms Against Kancha Gachibowli Land Auction Participation
Telangana Minister K.T. Rama Rao (KTR) has issued a stark warning to real estate companies, cautioning them against investing in the Kancha Gachibowli land auction, citing potential financial losses.
Real Estate Pune
Pune-Based Analysis Firm Falls Victim to Rs 2.34 Crore Whale Phishing Scam
A prominent analysis firm in Pune recently suffered a significant financial loss of Rs 2.34 crore due to a sophisticated whale phishing attack. The incident highlights the rising threat of targeted cyberattacks on businesses and the importance of robust c
Real Estate
Omaxe's Share Price Plummets to New 52-Week Low Amid Rising Losses
NEW DELHI: The share price of real estate company Omaxe has hit a new 52-week low of Rs 71.81 per share, amidst growing financial losses and declining market confidence.
real estate news
Omaxe's Share Price Plummets: A 52-Week Low Amid Rising Losses
Omaxe's stock hit a new 52-week low on Friday, opening at Rs 74.75 per share and dipping further during the trading session. This decline comes amid increasing financial losses for the real estate firm.
real estate news
Sunac China Forecasts Significant Losses for 2024
Sunac China, a prominent real estate developer, is bracing for substantial financial losses in 2024, signaling the ongoing challenges in the Chinese property market.
Real Estate Pune
Pune-Based Firm Falls Victim to Whaling Phishing Scam, Loses Rs 1.9 Crore
A Pune-based firm has reported a significant loss of Rs 1.9 crore due to a sophisticated whaling phishing attack. This incident highlights the growing threat of cybercrime targeting high-level executives and financial personnel.
Real Estate Mumbai
MSRTC Losing Rs 3 Crore Daily Due to Discounts for Women and Elderly
Minister Pratap Sarnaik has highlighted the significant financial strain on MSRTC due to the discounts provided to women and the elderly. The state transport corporation is facing a daily loss of Rs 3 crore, which is raising concerns about the sustainabil
Real Estate Maharashtra
MSRTC Losing Rs 3 Crore Per Day Due to Discounts for Women and Elderly: Minister Pratap Sarnaik
The Maharashtra State Road Transport Corporation (MSRTC) is incurring significant financial losses due to the concessions provided to women and the elderly. Minister Pratap Sarnaik has highlighted this issue, emphasizing the need to address the financial
Real Estate Mumbai
MSRTC Suffers Rs 3 Crore Daily Loss Due to Discounts for Women and Elderly: Minister Pratap Sarnaik
Mumbai News | Mumbai Crime News | Mumbai Rains | Entertainment. Minister Pratap Sarnaik highlighted the financial strain on MSRTC due to discounts extended to women and senior citizens.
real estate news
Paid Rs 1.2 Crore: Bengaluru Man Seeks Loan for Flat, Discovers Property Already Sold; 5 More in Line
A Bengaluru auditor purchased a flat for Rs 1.2 crore only to find out that the developers had sold the same property to another family. Five more buyers are in line for the same flat.
Real Estate
Pune Real Estate Firm Falls Victim to Rs 24 Lakh Whale Phishing Scam
A Pune-based real estate firm suffered a significant financial loss of Rs 24 lakh in a sophisticated whale phishing attack. The fraudsters posed as the company director’s father, manipulating an accounts staffer to transfer funds to fraudulent accounts.
real estate news
Ashiana Housing Reports Net Loss of Rs 7.55 Crore in Q2 FY25
Ashiana Housing, a prominent real estate developer, has reported a net loss of Rs 7.55 crore in the second quarter of fiscal year 2025. This financial downturn marks a significant shift from the company's previous performance and highlights the challenges
Real Estate
Wells Fargo Anticipates Potential USD 2-3 Billion Losses in Commercial Real Estate Loans
Wells Fargo CEO Charlie Scharf predicts potential losses ranging from USD 2 billion to USD 3 billion in the commercial real estate office loan portfolio, citing ongoing concerns about the demand for office spaces post-pandemic. The bank is taking proactiv