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Lupin to acquire Australia-based Southern Cross Pharma

GENERAL NEWS /

Drug major on Friday said it will acquire Australia-based Southern Cross Pharma Pty Ltd (SCP). Incorporated in Melbourne, Australia, SCP is engaged in developing, registering, and distributing generic products. Generic Health, the Australia based wholly-owned subsidiary of Lupin, has entered into a definitive agreement under which Lupin will acquire 100 per cent of the shares […]

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Ghaziabad development body told to probe into Swarn Jayanti Puram housing scam Real Estate News, ET RealEstate

GENERAL NEWS /

GHAZIABAD: The new Meerut divisional commissioner has sought details from the Ghaziabad Development Authority (GDA) of the probe into the Swarn Jayanti Puram housing scam, 10 years after it first came to light. The senior official’s scheduled meeting with authority officials was deferred on Wednesday. “Meerut divisional commissioner Surendra Singh was supposed to meet the

Ghaziabad development body told to probe into Swarn Jayanti Puram housing scam Real Estate News, ET RealEstate Read More »

UP-RERA carries out digitization of various processes, Real Estate News

GENERAL NEWS /

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has carried out digitization of various processes as per the guidelines issued by Uttar Pradesh government in order to minimize the regulatory compliance burden. An action plan for the digitization of 10 forms was issued under the Uttar Pradesh Real Estate (Regulation and Development) Rules,

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WHY ARE APARTMENT SIZES SHRINKING? INTERESTING ARTICLE FOR VALUATION UPDATES & MARKET SURVEY

GENERAL NEWS /

The dynamics of apartment sizes point towards falling affordability levels. Over the last five years,Greater Mumbai has seen a significant fall in the average sizes of residential apartments in the investible-grade category. Thane and Navi Mumbai,which along with Mumbai form the Mumbai Metropolitan Region (MMR),too witnessed a fall in apartment sizes,although to a limited extent.

WHY ARE APARTMENT SIZES SHRINKING? INTERESTING ARTICLE FOR VALUATION UPDATES & MARKET SURVEY Read More »

DDA Janta Flat owners told to repair or raze ‘dangerous’ buildings Real Estate News ET RealEstate

GENERAL NEWS /

NEW DELHI: The residents of Delhi Development Authority Janta Flats in Paschim Vihar have been issued notices by North Delhi Municipal Corporation stating that the buildings they are living in are in a dangerous condition and need urgent repairs. The notices further state that either retrofitting should be carried out or the buildings should be

DDA Janta Flat owners told to repair or raze ‘dangerous’ buildings Real Estate News ET RealEstate Read More »

DIPP circulates Cabinet note on relaxing FDI in housing sector

GENERAL NEWS /

The Department of Industrial Policy and Promotion (DIPP) has circulated a draft Cabinet note on relaxing foreign direct investment (FDI) norms for the housing sector,which proposed easing the three-year lock-in period among other things. The draft note has proposed easing the three-year lock-in period for FDI in housing and townships,besides it has sought reduction in

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About 3.88 lakh homes built under PMAY-U in Andhra Pradesh in last three FYs Real Estate News, ET RealEstate

GENERAL NEWS /

NEW DELHI: As many as 3.88 lakh low-cost houses have been constructed in Andhra Pradesh in the last three financial years under the Pradhan Mantri Awas Yojana (Urban), the government told the Rajya Sabha on Wednesday. In a written reply to a question asked by Rajya Sabha MP Parimal Nathwani, Minister of State for Housing

About 3.88 lakh homes built under PMAY-U in Andhra Pradesh in last three FYs Real Estate News, ET RealEstate Read More »

DDA 2019 housing scheme: Last date of payment for cost of flats extended

GENERAL NEWS /

The Delhi Development Authority (DDA) on Tuesday extended the last date for payment of cost of flats under 2019 housing scheme. Giving relief to the flat buyers, the deadline has now been extended to September 30, subject to certain conditions. The last date of depositing demanded amount (cost of flat) for the allottees of Housing

DDA 2019 housing scheme: Last date of payment for cost of flats extended Read More »

Punjab & Haryana HC orders survey of houses sold on shares outside family Real Estate News, ET RealEstate

GENERAL NEWS /

Photo for representative purpose only CHANDIGARH: The Punjab and Haryana high court has directed the UT administration to carry out a sample survey of estate office residential properties sold in the city between 2016 to December 31, 2019, on 50%, 30% and 20% basis to a person outside the family of the original owner or

Punjab & Haryana HC orders survey of houses sold on shares outside family Real Estate News, ET RealEstate Read More »

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