LIcense
IDFC is prepared with a “Plan B” just in case it does not make it to the list of winners for a license from the Reserve Bank of India to start a bank. This also means diversification into housing finance and retail lending business. Speaking on this Group Chief Financial Officer, IDFC, Mr. Sunil Kakar, [...] Continue Reading »
Delhi civic authorities seemed to have waken up to the loss of revenue they have been suffering from long. On a strict note, the East Municipal Corporation (EDMC) has announced that it will undertake a sealing drive against properties that have not paid the conversion charges. After October 15, action has been promised against those [...] Continue Reading »
The government plans to bring unorganised property agents and brokers under the purview of the proposed real estate regulatory bill. According to sources in Ministry of Housing and Urban Poverty Alleviation, a chapter has been included on real estate agents in the Real Estate (Regulation and Development) Bill. Unlike most nations, property brokers in India [...] Continue Reading »
The Supreme Court has put stay on a July 23 Haryana High Court ruling, providing temporary relief to TC Gupta, director general of the town and country planning department in Gurgaon. Gupta was found guilty of allowing residential complexes in Gurgaon by issuing license to Anant Raj Industries for construction of housing colonies, despite the [...] Continue Reading »
The AP State Disaster Response and Fire Services department has planned to tighten fire safety norms for the non-high-rise buildings. Hence, owners of non-high-rise buildings would have to obtain a license from the department for their property and have to pay a fee after providing fire-fighting equipment on their premises. The department will check the [...] Continue Reading »
Mayfield Gardens projects residents in Gurgaon have started demanding the facilities from the Department of Town and Country Planning (DTCP). These facilities were promised by the builder but have not been delivered yet. They have also asked for permission for registration of their properties that has been stopped after DTCP put a restriction on them [...] Continue Reading »
