Realty News
The Reliance Capital Asset Management (RCAM) on Monday said it has launched its first alternate investment fund (AIF) and is targeting to rise over Rs 5,000 crore through the fund in the next three years. The real estate-based fund is being launched through RCAM’s subsidiary, Reliance AIF Management Company. RYMAIF (Reliance Yield Maximiser Alternative Investment [...] Continue Reading »
The apex consumer commission has asked a real estate company to pay over Rs 1 crore to a doctor for its failure to give him possession of an apartment, saying that it was making profits at the expense of others. National Consumer Disputes Redressal Commission (NCDRC) bench that was presided by Justice J M Malik, [...] Continue Reading »
The Punjab and Haryana High Court today ordered interim stay on construction on a petition alleging that MLA Bibi Jagir Kaur had encroached upon about 20 acres of Begowal Nagar Panchayat land. The order by Justice K. Kannan came on an application by Begowal resident George Subh against the Punjab Government and other respondents. Acting [...] Continue Reading »
Indira Gandhi’s name is set to be removed from the popular rural housing programme that provides subsidies to the poor to have a house of their own, in a move which will symbolize the regime change. The rural development ministry is looking to turn Indira Awaas Yojana, a scheme, into a “mission” with increased budget [...] Continue Reading »
The fate of the dream project of chief minister Akhilesh Yadav of providing houses to weaker sections of the society hangs in balance due to escalated cost of building material. The authorities of Kanpur Development Authority (KDA) had floated tenders for the construction of houses twice but due to old rates, contractors refused to make [...] Continue Reading »
In residential as well as commercial segments, the ‘Green’ buildings are becoming popular. More and more developers are showing interest in offering eco-friendly options and they are making the ‘Green’ buildings popular. Although the concept has been around for almost a decade, it is gaining momentum only now. In the US, Europe, Australia and all [...] Continue Reading »
The Chandigarh Administration has written to the Union Government and the Ministry of Environment and Forests (MoEF) regarding a few issues regarding wild life conservation. They have demanded that the construction adjoining the Sukhna Wildlife Sanctuary, especially in the area north of the Capitol Complex, needs to be regulated. The UT has demanded that the ministry [...] Continue Reading »
CRISIL (Credit Rating Information Services of India) Research has segregated the Kolkata Metropolitan Area (KMA) into 8 micro markets. The report talks about various aspects like population, major factors which impact the economy, major produces etc. Of these the CRISIL Research estimates South 24 Parganas to account for about 11 % of total fresh supply [...] Continue Reading »
In a recent announcement, the well-known Peter England menswear brand said that it has efforts underway to launch 100 more exclusive stores during this fiscal year. Peter England is the biggest menswear brand in semi- premium category. The company sells 10 million garments every year — a figure which is chiefly achieved though its sales [...] Continue Reading »
With the National Highways Authority of India (NHAI) having prepared a note that seeks the overhaul of the existing model concession agreement, an inter-ministerial committee will be set up by the Ministry of Road Transport and Highways to review the note. Since the model concession agreement – signed between the concessionaire and the government – [...] Continue Reading »
