ED attaches 21 immovable properties of Nirav Modi worth over Rs 520 Cr

By Accommodation Times Bureau MUMBAI On Saturday the Enforcement Directorate (ED) attached 21 properties, of Nirav Modi including a farmhouse, a penthouse and his group worth over Rs 523 crore. Under the Prevention of Money Laundering Act (PMLA), the central probe agency issued a provisional order for attachment of the assets and seized

PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while