Delhi-NCR
The South Delhi Municipal Corporation’s (SDMC) drive against the property tax defaulters is showing a positive result, as the civic body collected almost double of the tax collected by North counterpart. With the collection of almost Rs 672 crore till October 5, the South Corporation is way ahead of North Delhi Municipal Corporation which has [...] Continue Reading »
A complaint alleging the real estate developer Dwarkadhis Projects abused its dominant position has been rejected by the Competition Commission of India (CCI). While dismissing the complaint, the regulator stated that there was no evidence to suggest abuse of dominance by Delhi-based developer. The informant had purchased a dwelling unit in one of the housing [...] Continue Reading »
Brys Group a real estate firm is to develop a 300 metre tall residential tower in Noida at a price range of up to Rs 9 crore per unit. The firm has an investment of Rs 1,000 crore to develop 285 premium apartments over the next four years. The Group Chairman of Brys Rahul Gaur [...] Continue Reading »
In a move to help the real estate sector, government is planning to give industry status to the real estate infrastructure sector. This move will help the real estate sector to get access to cheaper finance from banks. The proposal for industry status has already been submitted to the finance ministry for its consideration. Getting [...] Continue Reading »
Political parties and other groups have demanded a revision in power tariffs from Delhi Electricity Regulatory Commission (DERC) pointing that it was only a partial relief to the consumers and the hike in power tariff should be withdrawn. The abolition of the 201-400 units slab and introduction of 0-400 units slab had resulted in significant [...] Continue Reading »
Delegation of Delhi farmers has met Union Rural Development minister Jairam Ramesh to convey their disappointment on the systematic watering down of a draft of the Land Acquisition Bill by the Group of Ministers. More than 300 special economic zones have come up on the fertile land of the farmers and they are not been [...] Continue Reading »
The South Municipal Corporation has found out a new way to ensure that the notice of property tax is delivered to the tax evaders. They have organised a team of officials to serve notice to tax evaders and this process will be recorded in video. In case a property owner approaches the court saying that [...] Continue Reading »
DMI Finance is in the process of raising 1,000 crore to invest in the real estate sector. The company was founded by the former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh. The company will target an equity and debt corpus of 500 crore each and it will target over 20% internal rate of return, [...] Continue Reading »
The capital city is witnessing garbage issue and Delhi’s municipal corporations appear to be in crisis over the sanitation factor in the city during the festival season. The city garbage has increased by 1,000 metric tonnes a day. Expect the waste-to-energy plant in Okhla, the city lacks any arrangement to the disposing of garbage. Currently [...] Continue Reading »
In order to curb leakages and to reduce the strain on public finance, from July 2013, cash equivalent to your cooking gas will be subsidized in your bank account. This move is to make the “kind-to-cash” transition based on Aadhaar card numbers. The authorities have agreed to transfer cash from April 1, in 50 districts [...] Continue Reading »
