Realty News
The companies want to bring some momentum in the market and after the prices of real estate have shown a positive trend, many big corporations have sold off their land assets to pay off their debts and monetise their existing projects. Rating agency Crisil stated that this move is likely to continue and India Inc. [...] Continue Reading »
The deadline for the Navi Mumbai Metro project has been extended by the implementing body, Cidco. While the original deadline for the completion of the first phase of the ambitious 23.4-km Belapur CBD to Khandeshwar Metro project in Navi Mumbai was 2014, the Metro is now likely to become operational only by 2017. The first [...] Continue Reading »
On Saturday, Maharashtra’s Revenue Minister Balasaheb Thorat handed over the letter of land transfer – for setting up an independent sub-centre of Pune University – to V B Gaikwad, Pune University’s officiating vice-chancellor. The land for the sub-centre is located at Shivnai in Dindori. Pune University had sanctioned an amount of Rs 5.50 crore for [...] Continue Reading »
In a move which marks Tech Mahindra’s support of Dubai’s ‘Smart City’ initiative, the IT major has recently signed a memorandum of understanding (MoU) with the Dubai Economic Council (DEC), to provide innovative IT solutions. The MoU was signed by Tech Mahindra’s Chief Executive Officer C P Gurnani and DEC Secretary General Hani Rashid Al Hamli. [...] Continue Reading »
The pipeline shifting work on the SA Road has been delayed by the water authority (KWA); with the result that the work schedule will now have to be changed by the Delhi Metro Rail Corporation (DMRC). With regard to the delay on pipeline shifting work, officials with Kochi Metro have revealed that the progress of [...] Continue Reading »
In a demolition drive carried out on Friday, Pune Municipal Corporation (PMC) demolished three illegal buildings in Katraj. The buildings razed by PMC were spread over an area of approximately 8,500 sq ft. The latest demolition drive by PMC comes after an anti-encroachment action which the civic administration initiated at the beginning of this fiscal [...] Continue Reading »
The Comptroller and Auditor General (CAG) has revealed in a recent report sent to Lieutenant Governor’s office that the Sheila Dikshit-led Congress government did not provide the much-claimed basic services in 895 unauthorized colonies in Delhi before legalizing them. Though the provision of basic facilities to illegal colonies in the capital was one of the [...] Continue Reading »
In a last-week order to the Delhi Development Authority (DDA), Urban Development Minister Venkaiah Naidu said that the Authority should allot land to each of the municipal bodies in places where there is potential for installation of facilities for conversion of debris into building material. In the instructions released to DDA on Friday, Naidu said that [...] Continue Reading »
Delhi Development Authority (DDA) will table a proposal which it has drafted for developing India biggest housing project for the elderly, with the participation of the government. The proposal is likely to be approved by the Delhi Lieutenant Governer, who is also the Chairman of DDA. The housing project – ‘Senior Citizen Service Apartment’ – proposed by [...] Continue Reading »
An inquiry has been ordered into the alleged multi-crore building fraud by Adel Landmarks in Gurgaon. The order for the probe into the fraud was given recently by TC Gupta – Haryana’s Principal Secretary, Town and Country Planning. The probe order by Gupta has come close on the heels of a recent Times of India [...] Continue Reading »
