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DLF, India’s biggest real estate firm, which is looking to divest its non-core assets to trim debt, has reportedly reached an understanding with the Lodha Group to jointly develop its 17-acre Mumbai Textile mill plot. DLF had bought the land from the National Textiles Corporation for Rs 702 crore in 2005. It has since considered [...] Continue Reading »
Delhi Government has sorted out issues with Archaeological Survey of India and Forest Department and declared planned development to be carried out in the 98 colonies which were awaiting civic amenities at par with others. The executing agencies have been instructed to ensure better surroundings and sanitation for residents of the colonies. The government stated [...] Continue Reading »
The Housing Development Finance Corp. Ltd (HDFC) has said that its net profit rose by 19 per cent in the quarter ended June as a result of strong growth in individual home loan borrowing. HDFC’s June quarter net profit rose to Rs. 1,001.9 crore from Rs. 844.53 crore last year, while its loan book stood [...] Continue Reading »
In the light of repeated complaints regarding poor drinking facilities and water supply in the rehabilitation settlements built in Chennai, the Chennai Corporation has asked the slum clearance board to provide basic amenities in the housing board quarters for the poor population. Earlier the corporation instructed all the 200 ward councillors in the city to [...] Continue Reading »
In Mumbai, a city of ever increasing population, recent emphasis is put on redevelopment. Especially in areas like Andheri, where old buildings are in almost dilapidated condition, the government has encouraged redevelopment of these buildings which has attracted big developers to come forward. Experts support the initiative as they are of the opinion that redevelopment [...] Continue Reading »
With the help of local police, the Building Departments of North and East Delhi Municipal Corporations have demolished 67 properties due to unauthorized construction. Nine buildings were demolished in Shahdara (South) Zone’s Raghubarpura, Shakarpur, Jheel, Kalyan Puri and Vishwas Nagar. Fifty properties faced action in areas like Paharganj, Sadar Bazar, Gulabi Bagh, Shastri Nagar, Nabi [...] Continue Reading »
In an attempt to garner cooperation from the citizens, the Brihanmumbai Municipal Corporation’s (BMC) has come up with the new initiative to offer tax concessions to housing societies, NGOs and Social welfare organizations who keep their area garbage free. The BMC is to pass a notice of motion in its general body meeting and if [...] Continue Reading »
The Pune division of the state entertainment tax (ET) department is to embark a survey to get the exact number of cable network consumers and direct to home (DTH) connections registered in the city and Pimpri-Chinchwad. This initiative is done with the help of computer software. It is to help the department to catch the cable operators [...] Continue Reading »
A Planning Commission committee has recommended the entry of private sector in the delivery of public services in an attempt to improve civic amenities. This includes water and sewage treatment. A majority of cities have poor water supply system due to leakages and poor distribution system. Only half of the garbage gets disposed of and [...] Continue Reading »
Henikwon Corporation has been acquired by Tamco Switchgear, a wholly owned subsidiary of Larsen & Toubro. Malaysia-based Tamco is a part of L&T’s Electrical & Automation (E&A) business. Henikwon Corporation, based in Malaysia, makes low voltage and medium voltage bus duct systems. L&T said the Henikwon brand is globally recognized and offers products of international [...] Continue Reading »
