Real Estate
RBI Tightens Rules on Overseas Remittances to Stem Passive Capital Outflows
The Reserve Bank of India (RBI) is set to impose stricter controls on overseas remittances, particularly targeting foreign currency deposits with lock-in periods. These changes aim to curb passive wealth outflows and maintain financial stability.
Real Estate
Telangana Phone Tapping Case: SIT Begins Recording Statements of Victims
The Special Investigation Team (SIT) of the Telangana Police has commenced recording statements from victims in the phone tapping case, which allegedly involved the surveillance of over 30 individuals associated with Srinivasa Reddy's businesses and political opponents.
Real Estate Mumbai
JM Financial Acquires 1.4 Lakh Sq Ft Commercial Space in Mulund
JM Financial has made a significant move in the real estate market by acquiring 1.4 lakh square feet of commercial space in Mulund, Mumbai. This acquisition is part of a larger trend of corporate investments in prime commercial properties.
real estate news
Man Infraconstruction's Stock Surges After Major Real Estate Acquisition
Man Infraconstruction's stock saw a significant jump after the company announced the acquisition of a substantial stake in Man Realtors and Holdings, making it a wholly-owned subsidiary. This move is expected to bolster the company's real estate development business.
Real Estate Maharashtra
Man Infraconstruction Acquires 17,03,183 Equity Shares in MRHPL: Strengthening Real Estate Presence
Man Infraconstruction Ltd, a leading EPC and real estate developer, has acquired 17,03,183 equity shares in Man Realtors and Holdings Private Limited (MRHPL), making it a wholly-owned subsidiary. This strategic move aligns with Man Infraconstruction's growth plans in the real estate sector.
Real Estate
JM Financial Acquires 1.4 Lakh Sq Ft Commercial Space in Mumbai's Mulund from Prestige Estates
JM Financial Products Ltd has acquired 1.4 lakh sq ft of commercial space in the Prestige Trade Centre in Mulund, Mumbai, for an estimated market value of ₹149 crore. This acquisition is part of a court settlement linked to the restructuring deal when Prestige Estates took over the project from Aristo Realty.