Realty News
On Friday the Capital markets regulator Securities and Exchange Board of India (SEBI) suggested a tech savvy way for the debt laden Sahara Chief. This measure will help to raise money for his own bail. SEBI suggested that the Sahara Chief Subrata Roy should be allowed to step out of Tihar jail for a few [...] Continue Reading »
It seems that the safety of the buildings is overlooked in the process before handing over the completion certificate or for the old buildings which are in need of maintenance. Two buildings collapsed – one in Delhi’s Inderlok area and the other near Chennai – taking a toll of over 60 lives last week. Poor [...] Continue Reading »
Infrastructure Development Finance Corporation (IDFC)’s private equity arm – IDFC Alternatives Ltd – is apparently looking to sell two of its IT parks for Rs 1,100 crore. According to the details shared by two anonymous sources aware of the proceedings, the IT parks which IDFC Alternatives Ltd is looking to sell are two of the [...] Continue Reading »
The government is making considerable changes in the exit policies for the road developers and is trying to safeguard the interest of the banks, financial institutions and other lenders. The government is actively considering allowing lenders to substitute developers even before the project’s commencement of commercial operations. This move was decided as there was a lukewarm [...] Continue Reading »
What was speculated earlier that the developers will not show much interest in the low budget housing as the profit margins are low is not true. Modi’s election manifesto stated loud and clear that the government will provide housing for all by 2022 and will eradicate slums completely especially in urban and semi-urban areas. This [...] Continue Reading »
It is a very good news for the job seekers as nearly 1,800 new companies were set up in India in May. Most of them were set up in Uttar Pradesh and kudos to the ministry led by Akhilesh Yadav for this positive move. However the figure is way lower than 10,546 new companies that [...] Continue Reading »
The state IT (Information and Technology) department has sought the final approval from the Union ministry of Communications and IT for the development of the IT investment region (ITIR) in Bhubaneswar. The ITIR in Odisha is will be developed on an area of 41.32 square km (10,210 acres) between Bhubaneswar and Khurda. 4,300 acres is allotted to [...] Continue Reading »
Unfortunately, every major scam in the country during the past few years has a real estate component. May be because the investments are high and the regulations are poor to stop such scams in the real estate sector. Adarsh happened because retired Army men and babus could not muster the will to give away a building in tony [...] Continue Reading »
With regard to the proposed demolition of 96 flats constructed illegally in the Campa Cola compound in Mumbai, the Brihanmumbai Municipal Corporation (BMC) told the Supreme Court on Monday that an out-of-court settlement of the dispute was “not possible.” In response to the query by a bench led by Justice S J Mukhopadhaya about the [...] Continue Reading »
In Ghaziabad, BJP councillors have accused the Ghaziabad Development Authority (GDA) of allotting housing units under the ‘economically weaker section’ (EWS) and ‘lower income group’ (LIG) categories on the basis of fake certificates. The allotment of the houses under the EWS and LIG categories was made by the GDA in 2013 under a special scheme. [...] Continue Reading »
