Realty News
Zoom developers’ mortgaged assets may go for a revaluation by the lenders to Mumbai-investors since they failed to sell the block to recover part of the Rs 3,000-crore outstanding loans. A consortium of 25 lenders, led by Punjab National Bank had put seven assets of the project growth and information technology company on sale thrice [...] Continue Reading »
P Chidambaram said there was “satisfactory progress” in the “India assisted” programme of constructing and repairing 50,000 houses in Sri Lanka. Till December 31 last year, the construction of 10,250 houses was completed under the programme of building houses for the internally displaced persons in the northern province of Sri Lanka. Union Finance Minister also [...] Continue Reading »
The Right to Fair Compensation, Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is a complex but comprehensive legislation. It aims at providing just and fair rehabilitation of even the minimally-affected people, favours greater transparency and gives importance to prior consultation with local bodies and landowners. The century-old Land Acquisition Act (1894) is now [...] Continue Reading »
India and Zimbabwe have decided to increase cooperation in sectors such as pharmaceuticals, infrastructure and health to boost trade and investment between the countries. The agreement was reached in the presence of Commerce and Industry Minister Anand Sharma with Zimbabwe Vice President, Joice T R Mujuru and Industry and Commerce Minister Michael Bimha in Harare [...] Continue Reading »
Reprimanding GMADA (Greater Mohali Area Development Authority) for its inability to compensate the farmers, a local court directed today the authority to public sale its building and merchandise. GMADA had recently acquired land in Sector 81 for Knowledge City. The court of Additional District and sessions Judge, Manjot Kumar ordered the attachment of two GMADA [...] Continue Reading »
Though, buildings without an occupation certificate (OC) aren’t unheard of in the city. Nevertheless, in the Tilak Nagar area of Kurla, a bunch of about 18 societies stand without any OC despite them being built around four years earlier. These are renewed buildings of the Maharashtra Housing and Area Development Authority (MHADA). The housing authority [...] Continue Reading »
Residents across Mumbai, Thane, Navi Mumbai thronged Mantralaya, headquarters of the state government to submit forms that they believed would help them get a house in Powai for a meager Rs 54,000 under a low-cost housing scheme floated by CM Prithviraj Chavan. CMO’s desk section received the forms during the day, and due to immense [...] Continue Reading »
DMRC is keen to expedite the work on the proposed Dilshad Garden-New Bus Stand (Ghaziabad) metro extension project owing to the healthy profitability assessment done by the agency for the route. To speed up the process, the DMRC MD Mr. Mangu Singh is scheduled to visit the site on Monday, Feb 10. His visit would [...] Continue Reading »
An investors’ consortium led by IDFC Private Equity is in initial talks with the GVK Group to buy a significant minority stake in its airports business for $400 million (Rs 2,500 crore). The PE firm has very recently raised $644 million for an infrastructure fund and invests in roads, power and airport developers. The deal [...] Continue Reading »
As per today’s report, Jaypee infratech reported 34.75 percent decline in net profit to Rs 101.18 Crore, in principle, due to increased costs. The Jaypee group company runs Yamuna Expressway plan connecting National Capital to Agra via Noida and Greater Noida had a profit of Rs 155crore in the corresponding quarter of the previous financial [...] Continue Reading »
