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Real estate developer have requested the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) to given another 12 month’s time for completion of projects as well as compliance of various orders passed by RERA due to the impact by the second wave of COVID19 cases. The developers have also demanded that the recovery proceedings on […]
The government-backed last mile fund under the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I) has approved investments worth around Rs 200 crore in three stressed housing projects in Mumbai, Thane and Jaipur, persons with direct knowledge of the development said. The last-mile financing in these three projects will
Govt-backed SWAMIH fund sanctions Rs 200 cr for Mumbai Thane Jaipur projects Read More »
Realty developer Kohinoor Group is planning to invest over Rs 750 crore to develop an over 1.8 million sq ft commercial offices project Kohinoor World Towers in Pimpri Chinchwad area of Pune. The project will be developed in two phases of 0.9 million sq ft each and the first phase with a 60,000-sq-ft retail space
As Assam government is bracing up to table state budget for 2021-22, Confederation of Indian Industry (CII) has sought waiver of Property Tax and Fixed Electricity Charges for hospitality sector. In a submission to Ajanta Neog, Finance Minister of Assam CII suggested to give relief to the hospitality sector which is one of the worst
Both the doses of Covid vaccine provide around 98 per cent protection from death due to the disease, while one dose gives nearly 92 per cent shield, the government said on Friday citing a study conducted on police personnel in Punjab. The study was done by the Post Graduate Institute of Medical Education and Research,
The Reserve on Friday imposed a penalty of Rs 25 lakh on for non-compliance with certain provisions of directions on ‘Cyber Security Framework in Banks’. The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020, the central bank said while giving details. “Examination of the incident reports
RBI imposes Rs 25 lakh on Punjab and Sind Bank Read More »
Anand Kripalu, former India head of beverages giant Diageo, has joined as the Managing Director and Global Chief Executive Officer. Anand has over 30 years of experience in the fast-moving consumer goods (FMCG) industry. Essel Propack is the leading global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing
Ex. Diageo India head Anand Kripalu joins Essel Propack Read More »
India has said it expects other EU countries to accept made in India COVID-19 vaccines and treat people vaccinated in India at par with those vaccinated in the EU, MEA said on Friday and noted that it is in touch with European Union member states on the issue. Eight EU countries Austria, Germany, Slovenia, Greece,
India in touch with EU members for reciprocal acceptance of COVID-19 vaccines: MEA Read More »
MUMBAI: The Brihanmumbai Municipal Corporation’s Standing Committee was adjourned on Wednesday over the civic body’s move to recover Fire Service Fees and Annual Fees from builders and housing societies. After opposition to the move from corporators, Standing Committee Chairman, Shiv Sena’s Yashwant Jadhav directed that the circular to recover the fees be stalled. Corporators termed
By: Anuj Puri Like most other business sectors, the Indian real estate market holds its breath for a stronger and more determined government. The perception which is currently driving market sentiments is that market momentum can either accelerate, remain unchanged or decelerate depending on which party is voted into power. Speaking purely from the viewpoint
Industry awaits policy action from next government Read More »
BHOPAL: In an effort to recover its pending dues, Bhopal Municipal Corporation (BMC) is now asking beneficiaries to deposit house dues and get immediate ownership by getting registered. This initiative is being taken under government’s housing for all scheme. Recently, BMC commissioner KVS Chaudary inspected one such location -Arjun Nagar phase II. Residents were given
a lot depends on FSI, PROJECT approvals and development planning, which are the prerogative of the states. Things may not improve if there is no harmony between the state and the Centre.Hopes are high from the new NDA government at the Centre. While the real estate sector is expecting a turnaround in its fortunes, home
No magic wand for realty Read More »