-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...

-The Hindu It will be sent to the Union Cabinet for approval soon Property developers will no longer be able to lure buyers with advertisements making tall claims and with blown-up pictures of fancy living spaces. In fact they will no longer be able to publicise their projects unless they have all the requisite permissions for construction, the Real Estate (Regulation & Development) Bill-2011 has proposed. The Bill, which will be sent to...

-The Hindu Robert Vadra may be the most talked about property developer in Haryana but the emergence of links between the man who sold Sonia Gandhi’s son-in-law his first plot of land and Haryana Chief Minister Bhupinder Singh Hooda has shone a spotlight on the crucial role played by the Congress-run government in turning realty in the State into a business worth thousands of crores of rupees. Records of all licences granted...

-Live Mint The Maharashtra Housing Regulation and Development Bill passed by the state assembly on Monday paves the way for the establishment of the country’s first regulator for the housing sector. The Bill, which now goes to the state legislative council, aims to bring about transparency in the real estate sector and empower homebuyers. It also attempts to demystify some of the popular and often misused terms used in the sector, such...