Emaar to invest Rs 1,000 crore in Gurugram housing project

Punjab-Haryana HC slams ED over IREO money laundering investigation

The Punjab and Haryana High Court criticised the Enforcement Directorate (ED) for conducting a ‘slipshod and unprofessional’ investigation into money laundering cases involving IREO and its functionaries. The court directed the ED's director to address the lapses in the probe. The court noted that the accused company's real estate assets were allowed to be disposed of without proper oversight. Justice Kuldeep Tiwari issued these directives after being informed of a November 6 order by a coordinate bench, in which Gulshan Babbar sought the cancellation of bail granted to IREO MD Lalit Goya..

Capitaland to buy 40% stake in SC Capital Partners for $209.31 mn

Singapore's CapitaLand Investment announced that it plans to acquire a 40 per cent stake in SC Capital Partners Group (SCCP) for $280 million. Additionally, the company intends to invest at least $524 million in SCCP. The acquisition of the 40 per cent stake in SCCP, a Singapore-based real estate investment manager, is expected to increase CapitaLand's funds under management (FUM) by $11 billion. The company explained that this move would strengthen its presence in Japan, its key market, where 76 per cent of the additional $11 billion FUM is located. In its statement, CapitaLand emphasised t..

Myanmar citizens actively purchasing properties in Thailand

Buyers from Myanmar have been actively purchasing condominiums in Bangkok and other parts of Thailand, offering a rare boost to the kingdom's struggling real-estate market. This trend reflects an effort to move funds out of an economy severely impacted by civil war. The Real Estate Information Centre (REIC) reported that Thai condominium sales to Myanmar nationals in the first nine months of 2024 had tripled compared to the same period in the previous year. This made Myanmar buyers the second-largest group of foreign purchasers, following those from China. REIC’s acting director-general,..