Realty News
Rajasthan is trying to amend its labour laws. They want to grant factories the right to close without the state permission if they employ fewer than 300 persons. This amendment is awaiting the President’s approval and Rajasthan feels that this will reduce the hassles for the small businessmen to an extent. Under Article 254(2), if [...] Continue Reading »
The government is likely to set up a new economic think-tank reporting directly to the head of the government. This will be on the lines of the Korea Development Institute after dismantling the planning commission. The planning commission once had formidable economist and former Prime Minister Dr. Manmohan Singh as deputy chairman. Some policy analysts [...] Continue Reading »
The genuineness of the deal, whether all documents are in order,whether the seller is the real owner, if the taxes have been paid and whether there’s sanction/approval from the authority concerned are few of the worries any land buyer has when s/he invests in a land parcel. The Karnataka government is all set to take [...] Continue Reading »
A spokesman for the Sultan of Brunei dismissed a report by the Wall Street Journal online that he had made a bid for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel. These hotels are owned by Subrata Roy, the jailed chief of the Sahara Group. The Sultan of Brunei is one of [...] Continue Reading »
Builder Vinod Baga’s candidature for the contest of the Assembly election seems to be in muddy waters. About 100 residents of Panchkula in Chandigarh held a protest near the upcoming Ess Vee Apartments in Sector 20 on Sunday. They are upset as the builder had not given them possession of apartments although they had paid [...] Continue Reading »
In sync with one of the key policy initiatives of the Modi government to provide housing to the urban poor, the government is planning to expand the net of affordable housing to include more people under the various housing projects targeted at economically weaker sections (EWS) and lower income group (LIG). The proposal drafted by [...] Continue Reading »
Piramal Fund Management Pvt. Ltd is planning to sell investments worth $100 million this year and may start a fund that will invest in residential properties. Piramal Fund Management, a part of the Ajay Piramal Group, is looking at a 100 percent return of capital across two of its early domestic and one offshore fund [...] Continue Reading »
Large infrastructure companies such as GMR Infrastructure Ltd and Jaiprakash Associates Ltd have been quick to raise several thousands of crore rupees by selling shares to savvy financial investors, known as qualified institutional investors, in the past three months. Now, several mid-size infrastructure companies are looking to raise money through initial public offerings, or IPOs, [...] Continue Reading »
Prime Minister Narendra Modi will lay the foundation stone tomorrow for widening of a road project in Haryana that entails Rs 4,000 crore investments. The Prime minister is to launch four-laning of over 160 Kms National Highway from Kaithal to the border of Haryana -Rajasthan at a function at Kaithal in Haryana tomorrow as an [...] Continue Reading »
In a proposal to make the Rs 1.12-crore highway beautification project a success, the Kochi Corporation has mooted setting up kiosks along service roads. The local body plans to rope in hotels, builders, individual traders and other businesses along the highway to pump in funds to beautify medians as well as service roads, ensure proper [...] Continue Reading »
