Higher floor area ratio will allow National Buildings Construction Corporation to construct more flats in the five projects that have unused land and sell them to pay off Amrapali's pending dues.
Sharma has been booked on murder charges along with 5 others in connection with the 8-year-old murder case of Sharad Chand, former secretary of Bihar-based Balika Vidyapeeth.
The SBICAP, which manages the govt sponsored stress fund for real estate sector, had proposed to provide Rs 625 Crore for construction of these six projects.
Several cases were lodged by home buyers' against the Amrapali Group after the management defaulted in timely delivery of flats and denied the agreed conditions.
The ED found at least seven 'contraventions' under FEMA and wants JP Morgan, a US-based investment banking firm, to be legally directed to remit funds worth about Rs 140 crore.
NBCC, the state-run real estate developer appointed by SC to finish the Amrapali projects, has only Rs 19 crore of the approximately Rs 8,500 crore it believes it needs.
The Supreme Court has cancelled the registration of Amrapali Group and ordered the Enforcement Directorate to charge the builders with fraud and money laundering.
SC verdict says Amrapali Group also entered into “sham” agreements with Amrapali Mahi, a company in which Dhoni’s wife Sakshi is a director. Rhiti Sports dismisses charges.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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