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AAI eyes 300 acres to increase handling capacity of Chennai airport

GENERAL NEWS /

CHENNAI: Airports Authority of India (AAI) is planning to acquire about 300 acres in chunks to increase the passenger handling capacity of Chennai airport after commissioning the new integrated terminal in December/January. The decision was made after AAI Chairman Sanjeev Kumar and the board evaluated the new terminal’s construction and talked about the need for […]

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Indian retail sector expected to get first Real Estate Investment Trust: Report

GENERAL NEWS /

India is expected to get its first Real Estate Investment Trust (REIT) of retail assets soon as institutional investors and developers looking to monetize their rent-yielding space in shopping malls, according to JLL India. REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector

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Average monthly rent of luxury homes up 8-18% in last 2 years in top 7 cities

GENERAL NEWS /

Average monthly rentals in posh residential colonies across seven major cities rose 8-18 percent in the last two years while capital value appreciated by 2-9 percent, according to Anarock. Real estate consultant Anarock noted that demand for luxury residential properties — for buying and renting — in upscale colonies has increased across the seven cities

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FOUR FORMER TOP OFFICIALS OF INDIAN BANK SENTENCED TO IMPRISONMENT OF THREE YEARS

GENERAL NEWS /

FOUR FORMER TOP OFFICIALS OF INDIAN BANK SENTENCED TO IMPRISONMENT OF THREE YEARS A special court for CBI cases in Chennai has sentenced four former top officials of Indian Bank including a former general manager to imprisonment of three years for causing a loss of Rs.39.18 crore to bank through sanctioning loans in a fraudulent manner. 

FOUR FORMER TOP OFFICIALS OF INDIAN BANK SENTENCED TO IMPRISONMENT OF THREE YEARS Read More »

Home prices in Canada drop again, extending market’s slide

GENERAL NEWS /

Canadian home prices fell for a sixth straight month, deepening a sharp downturn that’s been spurred by the central bank’s rapid interest rate increases. Benchmark home prices fell 1.6% in August compared with July, to C$777,200 ($589,800), according to data released Thursday by the Canadian Real Estate Association. That brings the cumulative drop from February’s

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Bengaluru civic body has identified encroachments of SWDs by 15 well-known entities

GENERAL NEWS /

File Photo BENGALURU: BBMP has identified encroachments of SWDs by 15 well-known entities. Most are in Mahadevapura area. The encroachments were identified by Bruhat Bengaluru Mahanagara Palike (BBMP) about a fortnight before last week’s rain havoc in the tech corridor of Mahadevapura-Whitefield. These structures are built on more than 104 survey numbers. CM Basavaraj Bommai

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State cabinet will ask tech companies to take up suo motu demolition

GENERAL NEWS /

File Photo BENGALURU: The state cabinet on Wednesday decided to file caveats in designated courts before taking up demolition drives to clear illegal properties on stormwater drains in Bengaluru. It will seek the help of elected representatives to reach out to tech companies, developers and builders, asking them to suo motu demolish their illegal structures

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THOSE WHO FEED STRAY DOGS COULD BE HELD LIABLE IF CANINES ATTACK PEOPLE, SAYS SUPREME COURT

GENERAL NEWS /

THOSE WHO FEED STRAY DOGS COULD BE HELD LIABLE IF CANINES ATTACK PEOPLE, SAYS SUPREME COURT   The Supreme Court on Friday suggested people who routinely feed stray dogs could be made responsible for their vaccination and also liable to bear the costs if those animals attack people, while emphasising on a need to find a solution

THOSE WHO FEED STRAY DOGS COULD BE HELD LIABLE IF CANINES ATTACK PEOPLE, SAYS SUPREME COURT Read More »

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