The Investo Maniac

The economic offences wing (EOW) of Delhi police on Thursday submitted a 37,000-page chargesheet against real estate investor  Sandy Hooda , popularly known as Vega School Owner before the court of special judge JT Utpat in connection with the Rs 2,043 crores investor fraud. Addressing a press conference at the Delhi police commissionerate on Thursday, Sudhir Hiremath, deputy commissioner of police (DCP), EOW and cyber, said that the chargesheet includes details related to the quantum of the fraud. The chargesheet reads that the accused floated nine companies which were used to siphon the funds collected from 33,000 investors who were promised good returns on their fixed deposits (FD). The multi-crore case includes deposit and loan fraud of Rs 1,083.7 crores, banking and non-financial institutions (Rs 711.36 crores), debentures (Rs 111.35 crore) and Phursungi land fraud (Rs 136.77 crores). The document lists the role of six nationalized banks and their officials under the scanner ...

ILD Spire Greens is a residential project located in sector 37C, Gurgaon, one of the most connected sectors in the city. With wide open spaces and higher standards of living, ILD Spire Greens is one of the most sought after 2BHK and 3BHK apartments as well as penthouses within Gurgaon. With endless lush flora surrounding this complex in Gurgaon, IDL Spire Greens really conditions its residents to expect more from not only life but also everything around them. With everything available either within the complex or nearby and architecture that focuses on beauty, elegance and unique design elements, ILD Spire Greens is truly one of the best places to build your home. Read more about ILD Fraud by clicking on it   Project USP Contemporary design and architecture crafted to accommodate more open space, more air, more natural light and natural elegance 75% of open greens within the project area Basement parking as well as surface parking facility Differentiated zones for pedes...

The real estate sector is one of the most globally recognised sectors. The commercial real estate sector in India continued to evolve in Q1 2017, witnessing an increased share of Tier 1-2 cities in the overall space take-up, coupled with a sustained rental growth. From the perspective of office space take-up, the first quarter of 2017 was one of the strongest first quarters witnessed in the past several years. Leasing during the quarter was mainly led by Delhi NCR (National Capital Region), Bangalore and Mumbai accounting for almost 55% of the transaction activity, followed closely by Hyderabad. In North India, commercial real estate market is hugely dominated by Delhi NCR, but, in recent times, Chandigarh has shown signs of rapid growth. Chandigarh is a union territory of India serving as the capital of two states, Punjab and Haryana, is one of the fastest growing cities. Commercial real estate here is growing significantly, providing the much-needed infrastructural pu...

NRI Capital has practically changed the landscape of real estate sector growth in India. Today, real estate sector is one of the largest employers in India, because of funds being pumped into the market by NRI’s. Why it works for NRI’s, irrespective of factors such as demonetization, is rather simple to understand. The conversion from USD to INR makes it easy and affordable to invest here. Add to it the economic opportunities giving rise to a new real estate (potential) in India; many more NRI’s can be seen jumping to the foray. They are all familiar with the Indian terrain, and are mostly, correct visionaries. Another feature is NRI investment in their native land, the place to which they belong originally. This one is not for commercial interest (you cannot even invest in agricultural land, farm house, or plantation property), but preference given to nostalgia. If we look closely at this one aspect, mostly it is local destinations including, Delhi-NCR, Chandigarh, Ahm...