DLF
DLF, realty major, has been slapped a penalty of Rs 2.4 crore by the Competition Commission for not complying with its directions to cease and desist from unfair trade practices. Moreover, continued non-compliance would result in penalty of Rs 1 lakh every day, the fair trade watchdog said. Competition Commission of India (CCI) has imposed [...] Continue Reading »
Unitech, Real Estate Company, is set to deliver at least six million sq ft of developed area this financial year by increasing its construction spending, a jump from its rate of four million sq ft annually in the past few years. Prior to 2009, when the economy started slowing, the company had nine million sq [...] Continue Reading »
In this general election, India Inc has featured heavily in the heated exchanges among parties. India’s biggest real estate developer DLF has suffered in the crossfire because of its alleged links to Sonia Gandhi’s son-in-law Robert Vadra. BJP leader Uma Bharti says explicitly on April 12 that Vadra would be jailed if the NDA came [...] Continue Reading »
President Pranab Mukherjee has received an application written by Subramanian Swamy, Bharatiya Janata Party leader , in quest of a CBI investigation into the declassification of Keventer Dairy Ltd.Its a land near Rashtrapati Bhavan for building apartments, supposedly benefiting the real estate company DLF.He has attached a document which proves that in at least one [...] Continue Reading »
The Mumbai based Lodha group has acquired Clariant Chemicals’ 87-acre plot of land in Thane, Mumbai for Rs. 1,154 crore. The deal was announced by Indian arm of Switzerland-based Clariant International in a filing to BSE. The company had the approval of shareholder to sell the parcel of land. The sale is subject to regulatory [...] Continue Reading »
Uttarakhand has always been among the top destinations on buyer’s wish list and the property market has witnessed a dream run in the past. The recent natural calamities in the state are to an extent responsible for an overall slowdown in the real estate sector. As per the market watchers, there has been an overall [...] Continue Reading »
PMO has denied information on the deal saying that it is it is third party information provided in fiduciary capacity and using RTI Act for the information is abuse of the act. The information was sought by Lucknow-based RTI activist Nutan Thakur, on February 6 last year. It was sought in relation to her complaint [...] Continue Reading »
As per the report, the Competition Commission of India has imposed a penalty of Rs 2.4 crore on DLF due to failure to comply with the regulators’ directions to cease and desist from unfair trade practices. CCI says that the “continued non-compliance” would obtain a fine of Rs 1 lakh per day. It further added [...] Continue Reading »
The residents of the National Media Centre had approached NGT asking it to stop the construction, alleging that DLF and HUDA were encroaching on the green belt that actually belonged to them. In a recent hearing, NGT bench headed by Jyothimani pointed out that that the road widening project does not affect the residents of [...] Continue Reading »
As per a source, Tata Housing has signed an agreement with KEC International to purchase 7.3-acre land parcel in Thane. Further, the Tata Housing which is a real estate wing of Tata Group will develop premium homes on the land and expects Rs1,300 crore revenue from this project. KEC International is world famous infrastructure engineering, [...] Continue Reading »
