Realty News
Construction on the Juhu’s Anamika Cooperative Housing Society which was to undergo redevelopment as per a contract made with Kumar Urban Development seems to have come to halt. The building has been demolished while the residents are living on rented houses in different locations. Buildings that are deteriorating require redevelopment for which cooperative societies usually [...] Continue Reading »
Non Performing Assets or NPAs are on the increase of over Rs.1000 crore over the 6 months duration of the calendar 2014. The default payment by the home loan customers are on the rise. Around Rs.6200 crores is said to be the total of the various banks lending such loans to the customers. Details According [...] Continue Reading »
DLF land allotment case has finally ended with fines and penalties imposed by the competition watch dog CCI. The hearing scheduled for Thursday makes DLF to make arrangements for payment of the penalty amount fixed by the apex court. Out of the fixed amount of 630 crore DLF has paid only fifty crore and sought [...] Continue Reading »
The Chief Minister of Haryana, Manohar LalKhattar in a statement on Monday said that concrete steps would be taken by the government to ensure that the people of Haryana get access to affordable housing. For this endeavour, he seeks the cooperation of the Private Sector. The CM of Haryana addressed a conference of the CREDAI [...] Continue Reading »
The tender for the first phase of a new bus stand that is to be constructed in Mapusa was floated. The bus stand is to be built on a 20,000 square metre of land on the southern side and adjacent to the existing KTC bus stand. First Phase of Construction: The first phase of construction [...] Continue Reading »
The Punjab and Haryana High Court rejected the report that was submitted by the Gurgaon administration on construction activities in prohibited zones around the Gurgaon Air Force Station. The Court has also directed the deputy commissioner, municipal commissioner and the commissioner of police to appear in person before the court. Reasons Cited: The High Court [...] Continue Reading »
Road Transport and Highways Minister recently stated that once the Electronic Toll Collection (ETC) system becomes effective on a pan-India basis by December, the country will be able to save as much as Rs. 86000 crore annually. Estimated Losses: Lack of computerisation in the electronic toll collection system causes a lot of delay at the [...] Continue Reading »
EPFO members are at loss of securing new houses by the Retirement board as per the reports of the Labour Minister Bandaru Dattatreya at the rajya sabha. The employees spend the major chunk of their work staying at rented houses and after the retirement the amount received as PF goes mainly for the purchase of [...] Continue Reading »
Investments is sought out by India from public and private sector firms in Arab regions in various sectors like infrastructure and railways enhance the fiscal knot in the midst of regions. Nirmala Sitharaman who gave speech in the 4th India-Arab conference, said that there are vast opportunities for the businesses of Arab regions to make [...] Continue Reading »
Good evolution in railway and highway projects. Dead lines fixed for different projects executed in Odisha. The Meeting Hours The Joint Secretary talked about the growth in Odisha projects to V.P.Joy the cabinet Secretariat, in a conference of Project Monitoring Group (PMG) of the (CCI) which was lead by G.C Pati who is the chief [...] Continue Reading »
