The Bengaluru-based company had collected ₹389 crore from around 7.18 lakh investors. However, the company did not give the interest amount due to investors, or return the deposits.
China property developers buy less land in H1, June home sales drop 29%- survey
Chinese property developers spent 10% less on land in the first half compared to a year ago as sales stayed flat, private researcher CRIES said, reinforcing the still-low confidence in the real estate …
China Vanke says local property market worse than expected
The chairman of China’s second-largest developer backtracked his neutral assessment from March. Read more at straitstimes.com.
What’s ailing China’s housing market? A teacher, clerk and tutor show why the next home sales reports will be ugly
Home sales likely stumbled in June and will weaken in subsequent months, analysts forecast; JPMorgan sees the market stabilising at a low level after 2022’s crash China’s policy responses may not help …
China’s June Factory Activity Slows as Conditions Weaken – Caixin PMI
China’s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market …
METALS-Base metals up on investor hopes on China; demand worries cap gains
including gains posted by the CSI 300 Real Estate Index and the Hang Seng mainland property index. Data released last week about a third monthly contraction of China’s factory activity strengthened …
China’s trust sector expands in Q1
China’s trust industry reported steady expansion in the first quarter of 2023, industry data showed. The outstanding trust asset value came in at 21.22 trillion yuan ($2.94 trillion) at the end of …
Human remains were found at a home where a Ga. man was last seen. Now, two are charged with murder.
Two people are facing murder charges in connection to a Georgia man who was reported missing last month. It was on June 12, when the East Dublin Police Department said James Douglas “Doug” Wilkinson, …
As a lengthy legal battle ends, a Palestinian family braces for eviction from Jerusalem home
Few places in Jerusalem speak of the larger conflict being waged over the capital more than the apartment of 68-year-old Nora Ghaith-Sub Laban …
A Dubai Magnate’s Villa, With Art, for $125 Million
In an exclusive coastal enclave of Dubai, a city teeming with wow factor, a 22,925-square-foot ultra-modern villa has been listed for $125 million. The Umm Suqeim home near Jumeirah Beach boasts a …