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Maharashtra Energy Dept. mulls taking over RattanIndia’s Nashik power plant

The lenders of the project, primarily, Power Finance Corporation (PFC), had written to the energy department, proposing that the state generation company take over the project.

Paying for real estate deals: Karnal to London via Bahamas, the route Indiabulls promoter took

Each knot of chain linking SG Family Trust to offshore companies reported to regulators but ownership of London properties not made public.

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Indiabulls sponsored Chhagan Bhujbal trust Rs 2.5 cr for festivals, got library contract: ACB

In January 2011, Indiabulls Realtech again sponsored the same event. On February 10, nine days before it ‘donated’ Rs 1.5 crore, a 99-year lease was given to Indiabulls Real Estate Ltd for the Kalina land.

ACB probes if Indiabulls funded 2011 Nashik Festival organised by Bhujbal foundation

The ACB booked Chhagan Bhujbal and five others for ‘Irregularities’ in library project.

Veritas analyst turns himself in to police for Indiabulls report

Indiabulls had lodged a complaint that Nitin Mangal had demanded money for holding back Veritas’ report against the firm.

Indiabulls Real Estate Q4 net profit down 20 per cent at Rs 41.67 crore

Indiabulls Real Estate posted a net profit of Rs 51.94 crore in the year-ago period.

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Sebi unveils norms to regulate research analysts

Analysts which are body corporates will be required to have a net worth of minimum Rs 50 lakh.

Briefly Business:Online transfer of PF accounts in last week of August

Retirement fund body EPFO is set to launch online transfer of PF accounts on changing jobs.

Indiabulls Housing Finance to raise Rs 10,500 crore debt in Fiscal year 2014

Funds will be arranged through banks (40%),bonds (40%) and portfolio sell down (20%).

Will the 20:80 formula click?

Developers are wooing hesitant buyers with seemingly attractive payment schemes.

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Panama Papers: Karnal to London via Bahamas, The Route Indiabulls Promoter Took

Indiabulls, one of the country’s largest realty groups controlled by Sameer Gehlaut, brother Nagendra and father Balwan Singh, made headlines in June 2014 when it acquired a 87444-sq ft property for GBP 155 million at Hanover Square in London. Before Indiabulls Real Estate Ltd entered the UK market, Sameer Gehlaut acquired at least three top London properties through family entities in Karnal, Delhi, Bahamas, Jersey and UK. Currently being developed as residential and hotel projects, these properties are owned by SG Family Trust, set up in October 2012 for the benefit of the family.

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