Realty News
The Government is now trying to fast-track a decision on easing rules for foreign investments in the construction development sector. This decision was taken after liberalising foreign direct investment (FDI) norms in the defence sector and the Railways. This has received a good response from many countries and countries like Singapore, Japan and Russia have already [...] Continue Reading »
Competition Commission of India (CCI) has cleared the proposed acquisition of Larsen & Toubro (L & T) Infrastructure Development Projects’ securities by foreign venture capital investor CPP Investment Board Singaporean Holdings 1. This is a very good news for L & T and there is a wave of cheer among the top brass of L & [...] Continue Reading »
A WEF (World Economic Forum report came out with some data which is not favourable for India Inc. India is among the worst- ranked countries when it comes to taxation and inflation burden on the economy. Crime, terrorism and health hazards also have a negative impact on the business environment. Out of 144 countries analysed by [...] Continue Reading »
Taking up a number of separate PILs on unauthorised construction in the capital, the Delhi High Court on Wednesday asked the commissioners of the three MCDs to come before the court to “assist” it in coming up with a “solution to the rampant problem”. Three different PILs regarding unauthorised construction across the city, including construction [...] Continue Reading »
Putting a property on rent has its pros and cons. On one hand one can expect passive income; on the other hand asking a tenant to vacate the premises often is an ordeal. The Supreme Court (SC) overruling the high court order mentioned that the Non-resident Indians cannot be asked to prove ownership of their [...] Continue Reading »
Major investment opportunities for IT giants like IBM are opening up due to the plans for smart cities which were rolled out by the Indian Government. Bank accounts for all adult Indians is also another avenue which appears lucrative to the IT giants. Vanitha Narayanan the managing director of IBM India and South Asia stated [...] Continue Reading »
In a landmark judgment, the Bombay high court on Wednesday held that developers and landowners cannot escape liability of surrendering their excess land despite the repeal of Urban Land (Ceiling and Regulation) Act in 2007. The HC empowered the state to recover the excess land for public housing from private landowners for violations under the [...] Continue Reading »
With the model code of conduct set to kick in anytime, the Haryana state government seems to be in a hurry to issue licences to builders. Earlier this year, the Hooda government had submitted its sub-regional plan to the NCR Planning Board (NCRPB) to lift the ban on fresh licences. The department of town and [...] Continue Reading »
For the first time in a housing scheme, DDA will allow its applicants and prospective applicants to see the type of flats on offer. From Thursday, people will have access to five sample flats of different types till October 9–the last date for form submission. The flats are located in Dwarka Sector 23 (b), Narela [...] Continue Reading »
In the wake of National Green Tribunal (NGT) ordering authorities to first consider translocation of trees, before allowing cutting of trees, the practice of trees translocation is set to start. Indore Municipal Corporation (IMC) is going to have some translocations as many as 50 trees to speed up the construction of 13 roads in different [...] Continue Reading »
