Norms
There shall be relaxation in the rules for road developers as has been declared by the government. New norms can help road developers in selling completed projects or complete unfinished ones and in turn free them to invest in new projects which are unable to find takers in the recent years. As per the recent [...] Continue Reading »
The new company law in India has a mandate for a few qualified companies to spend 2% of profit on CSR. However, it is proving very difficult for companies with an overseas stakeholding of more than 50% to do just that. Such companies cannot set up CSR foundations because donations from such companies are treated [...] Continue Reading »
The home buyers in realty developer Supertech’s two under-construction 40-storey towers in Noida held demonstrations on Sunday. They were protesting against the builder and the Allahabad High Court ruling that ordered demolition of the apartment blocks. About 250 home buyers gathered at the construction site in Noida’s Sector 93A. Anil Kumar, who bought a 1,050 [...] Continue Reading »
Bangalore- The construction of an organic waste convertor unit at Jayanagar was opposed by the residents fearing the negative effects of the convertor. Concerned about the health hazards associated with the organic waste converter unit, the residents of Jayanagar staged a protest to stop the unit from being set up on the Jayanagar swimming pool [...] Continue Reading »
Delhi developers claim real estate bill as ‘Public Amusement and Developer Harassment Bill’. Confederation of Real Estate Developers’ Association of India (CREDAI) voiced out saying, that even their committee members are not contended with the norms ensured in the real estate bill 2011. As the law is focused on real estate builders, Ministry of Housing and [...] Continue Reading »
