Cities
The Anti-Corruption Bureau (ACB) has filed an FIR against few civic officials in connection with alleged irregularities in the purchase of garbage bins for solid waste management programme. FIR was registered against Rajkot Municipal Commissioner Ajay Bhadoo, his predecessor Dr Dinesh Brahmbhatt and three other civic officials under the provisions of Prevention of Corruption Act two [...] Continue Reading »
Concerned over the deepening water crisis and depleting groundwater table, experts say that it may leave Noida almost dry in the next few years. Builders and developers have been extracting groundwater from past few years, which may soon see people struggling for water, say experts. The city has already been placed under the ‘semi-critical’ category [...] Continue Reading »
The North Delhi Municipal Corporation is to appeal to Delhi High Court to remove the illegally constructed portion of the wall at the site believed to contain ruins of the Mughal-era Akbarabadi Masjid. The government had already decided that no new constructions would take place at the site where ruins of the structure were dug up. [...] Continue Reading »
The leading UK-based industrialist The Hinduja Group has announced its entry into the real estate industry of India. The group with a global presence in core sectors like oil and gas, automotive, power, IT, banking and finance announced an investment of up to $ 15 billion in Indian realty. The group has already acquired a [...] Continue Reading »
The pool of ministers in Haryana is soon to introduce a land pool scheme for land acquired by state agencies. The new move comes in the wake of complaints raised by the landowners of receiving inadequate compensation by the government As per the new initiative from government the landowner whose land is acquired for the [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
Fitch Ratings has upgraded Ansal Housing and Construction Ltd’s long-term rating and declared it stable. The rating comes as a good sign to the real estate industry as Ansal has been one of the major and reliable players with over two-decade experience in the domestic real estate business. The rating reflects regular servicing of term [...] Continue Reading »
In the first instance of its kind, the officials of a private developer firm have been arrested following complaints from buyers.The directors of Pal Infrastructure and Developers Pvt. Ltd were arrested on charges of fraud in their Faridabad project. As per the complaints, the builders started the construction work in 2006 without obtaining a license [...] Continue Reading »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
Bandra-Kurla Complex (BKC), that houses many corporate offices may gradually change intoa high-end residential enclave as the state government declared plans to increase the amount of residential space at this suburban commercial hub by altering a few plot reservations from commercial to residential. The transformation of BKC into a well-off residential-cum-commercial pocket-borough would mean it [...] Continue Reading »
