GOLDMAN SACHS BUYS A RS 30 CRORE STAKE IN INDIABULLS REAL ESTATE

Foreign fund Goldman Sachs Investments Mauritius (India) has bought shares worth Rs 30.84 crore in Indiabulls Real Estate through open market transactions. As per the information on bulk deals available on the National Stock Exchange, Goldman Sachs Investments Mauritius bought 20.89 lakh shares at Rs 147.64 per piece aggregating to Rs 30.84 crore.

MHADA INVITES BUYERS FOR LOW-COST HOUSES

For those looking for affordable homes in Mumbai, Maharashtra Housing and Area Development Authority (MHADA) has announced a sale of 3, 863 flats built by it. Ranging from 225 sq ft to 870 sq ft, the prices of these flats vary from Rs 3.5 lakh to Rs 45 lakh depending on the size and location. The homes will be allotted depending on the income of the applicants and Mhada has chalked out four sections: economically weaker sections for income up to Rs 8 thousand per month, low income group (Rs 8 thousand - Rs 15 thousand per month), middle income group (Rs 15, 000 - Rs 20, 000 per month), and higher income group (Rs 20, 000 and above per month). In case the number of applications exceeds available flats, Mhada would resort to drawing lots by a computerized lottery system.