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Indian Real Estate News : Mumbai
U.S. billionaire real-estate developer Donald Trump is planning to enter the Indian property market with a luxury residential tower in Mumbai, according to a report
Source: indiainfoline.com Jan 24, 2011
Donald Trump plans to enter Indian property market: report
U.S. billionaire real-estate developer Donald Trump is planning to enter the Indian property market with a luxury residential tower in Mumbai, according to a report.The report stated that Trump, who has joined with Mumbai developer Rohan Lifescapes Pvt. for his first
venture in the country, expects to start marketing the project by March.

Earlier in a July 2008 Donald Trump's son reportedly said that he planned to set up a fund of as much as $1 bn to buy property in India
RBI warns public on Sahara deposit schemes
The Reserve Bank of India (RBI) has warned investors against putting money in Sahara Group Companies deposits, according to a report.The report stated that RBI came out with the notice after it received complaints from investors that the Sahara Group has been mobilising deposits from the public under the generic name of "Sahara Pariwar/ Sahara India Pariwar

The regulator has reportedly said that citizens should verify the name of the company which issues the deposit receipt and whether the said company is authorised by the Reserve Bank to accept deposits from the public

MoEF report amplifies minor faults at Lavasa:HCC
The MoEF final order dated January 17, states that EIA notification 1994, 2004 & 2006 is applicable to Lavasa Cocp. Ltd.  and Lavasa has damaged the environment.

 In light of this, status quo is to be continued. MoEF is prepared to consider the project on merits, with imposition of various terms and conditions.

 According to HCC, a quick review of the MoEF order indicates the following.MoEF Order on Lavasa is more on jurisdiction than on environment issues. MoEF Order states that the Maharashtra State Government does not have authority for giving the 2001 and 2004 clearances ( "State Government was not empowered or authorized to issue such clearances"). It also challenges the Maharashtra State Government's Hill Stations policy of 1996 saying it should be reviewed. This clearly indicates that the key issue is over jurisdiction between the State and Central government and not one of environment
In Focus Stories

Indiabulls Real Estate stock up on restructuring plan  
Shares of Indiabulls Real Estate have risen after its Board of Directors approved the proposed restructuring of its business.The stock closed at Rs. 122, up Rs3.95 from the last close. The stock hit a day's high of Rs. 125 and a day's low of Rs. 119.Total traded quantity on the counter stood at over 16.32 lakh shares.

On Monday, Indiabulls Real Estate said its shareholders would get 2.95 shares of Indiabulls Power for every one equity held in the company.In October 2010, the company had said it was considering a restructuring businesses to help raise their net worth to meet funding requirements.
MCHI receives record footfall for first Suburban Property 2011 Expos
(MCHI) organized their first ever suburban property expo for its two units: Mira-Virar City and Kalyan-Dombivli. The Mira-Virar City expo at Bhayander and Kalyan-Dombivli expo in Kalyan received overwhelming response from home buyers. The MCHI Mira-Virar City expo was inaugurated by, Shri. Sachin Bhau Ahir - Hon. Minister of State for Housing, Govt of Maharsashtra and the Kalyan-Dombivli expo was inaugurated by Sachin Khandelwal - Managing Director, ICICI Home Finance Company Ltd & Vaijayanti Gholap - Mayor, Kalyan-Dombivli.

The twin expo met with a highly favorable response, seeing an influx of visitors at the exhibition and witnessing a total of more than 20,000 footfalls at each venue respectively. The virtual expo too recorded over 4000 hits.All Developers, Banks and HFI's who have participated in the twin expo are also participating in MCHI Twin suburban property's  Online Exhibition in association with iProperty.com. For those home buyers  who missed the chance of visiting the expo  can log on to www.mchi.net .This virtual online expo is open from 14th January,  2011 till 31st  January, 2011 .

Tag: Mumbai real estate, Mumbai properties, Mumbai apartments, Mumbai flats
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