Of these units launched, more than 2600 units were sold generating revenues to the tune of over Rs 3,380 crore. The developers are now sitting on an inventory worth over Rs 10,082 crore.
Last year, following complaints from investors, the Economic Offences Wing of Pune Police registered a complaint against Kulkarni and his wife
State-run real estate company NBCC shares gained 5 percent intraday Tuesday on securing total business of Rs 24,694 crore in November.
Anish Damania of IDFC says demonetisation is expected to be positive for inflation, bond yields and rupee, but it would have a negative impact on GDP and money supply.
Gulf Finance House BSC (GFH), a Bahrain-based Islamic investment bank, has signed a partnership agreement with Wadhwa Group, an eminent real estate developer in India.