NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
FORMER ICICI BANK CEO ARRESTED IN LOAN FRAUD CASE -SOURCE The anti-graft central probe agency CBI has arrested former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak in connection with alleged cheating and irregularities in loans sanctioned by the bank to the Videocon group, a consumer electronics and oil and gas exploration company, […]
FORMER ICICI BANK CEO ARRESTED IN LOAN FRAUD CASE Read More »
AARVF IS ORGANIZING MEGA EVENT ON 8TH JANUARY AT CHENNAI “REAL VALUE CONFERENCE: THE VALUER’S CONFLUENCE 2023” CHENNAI 23/12/2022 (TECHNO REPORTER): Organising Committee of the ‘Assessors and Registered Valuers Foundation’, is inviting all valuers to participate in their upcoming event, ‘Real Value Conference: The Valuer’s Confluence 2023’. This conference is a ‘one-of-a-kind’ conference hosted by
Net leasing of office space is likely to rise by 41-49 per cent across seven major cities this year on a lower base and improved demand post-pandemic, according to JLL India. Net absorption or leasing of office space stood at 26.2 million square feet in 2021, and it is likely to be in the range
Net leasing of office space likely to rise 41-49% across 7 cities in 2022 Read More »
Markets watchdog Sebi on Tuesday said it will put in place governance norms for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) on the lines of listed companies. With respect to REITs and InvITs, the provisions such as those related to tenure of auditor, computation of leverage and unclaimed/unpaid distribution will be streamlined
RELIEF FOR HOME BUYERS. GOVT OF INDIA MULLS QUICKER RESOLUTION OF BUILDERS’ INSOLVENCY The proposed change to the Insolvency and Bankruptcy Code will permit resolution of the cases on a project-wise basis India plans to introduce new rules for handling real estate bankruptcies, which would help homebuyers even as their builders wind down, people familiar with the matter
RELIEF FOR HOME BUYERS: GOVT OF INDIA MULLS QUICKER RESOLUTION OF BUILDERS’ INSOLVENCY Read More »
SIDBI TO GIVE FINANCE FIRMS SUPPORT FOR MICRO LENDING Small Industries Development Bank of India (Sidbi) has now gone back to its earlier avatar when it comes to microfinance institutions (MFIS). According to Sivasubramanian Ramann, chairman and managing director, the bank has started identifying finance companies to give them enhanced support for micro lending. Speaking
SIDBI TO GIVE FINANCE FIRMS SUPPORT FOR MICRO LENDING Read More »
BSNL WAITS FOR GOVT AGENCY’S TAKE ON LAND ASSET MONETISATION All land properties nominally valued above 100 cr are being monetised by the National Land Monetisation Corporation Government-owned Bharat Sanchar Nigam Limited (BSNL) is waiting for the National Land Monetisation Corporation (NLMC) to pre- pare a strategy for the sale of its large portfolio of
BSNL WAITS FOR GOVT AGENCY’S TAKE ON LAND ASSET MONETISATION Read More »
LIQUIDITY SLIPS INTO DEFICIT FOR FIRST TIME IN 3 WEEKS Liquidity in the banking system has slipped into a deficit for the first time in three weeks, prompting banks to borrow the largest quantum of funds from the Reserve Bank of India (RBI) in around a month and a half. The key catalyst for the sudden tightening in liquidity was due to
LIQUIDITY SLIPS INTO DEFICIT FOR FIRST TIME IN 3 WEEKS Read More »
PROCEDURE FOR REGISTERING A VALUER ENTITY WITH INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI) GENERAL Who is a valuer entity? Ans. A Valuer Entity is a registered Partnership firm, Limited Liability Partnership or Company, who does the work of valuation. Who is a registered valuer entity? Ans. A registered valuer entity (RV-E) means a registered
MUMBAI: Observing that it is the responsibility of a housing society to protect the interests of all its members and not be selective about whom to support, a district consumer commission has ordered a housing society in Borivli to pay a compensation of Rs 1.2 lakh to a flat owner after it took only “half
Housing society ordered to pay flat owner Rs 1.2 lakh over failure to fix leakage Read More »
APARTMENT TERRACE COMMON FOR RESIDENTS: CHENNAI COURT ‘Promoter Cannot Use It Commercially’ CEV TECHNO NEWS- (CHENNAI): The terrace portion of an apartment complex is an area common to all its residents and the promoter cannot use it for commercial purposes, a city court has said. The VI additional city civil judge S Muruganatham has also
APARTMENT TERRACE COMMON FOR RESIDENTS: CHENNAI COURT Read More »
File Photo ISTANBUL: Hatice Erdal has been given a week to vacate her rental house which is due to be knocked down. The cleaner and her husband both earn minimum wage and even with their combined salaries, they cannot find anything within their budget in Istanbul’s exorbitant housing market. “I found a house, it was
Home prices, rents skyrocket in Turkey amid economic turmoil Read More »