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NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY

Engineers’ Body Approaches Cmo Against Illegal Colonies Under Glada

LUDHIANA: An engineers’ body has filed a complaint against the Greater Ludhiana Area Development Authority (Glada) with the chief minister’s office (CMO) over illegal colonies mushrooming under its jurisdiction. Members of the Council of Engineers (COE) alleged that despite officials claiming otherwise, there has been a little check on illegal colonies. In the complaint, the […]

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IBBI WARNED FOR CANCELLATION OF THE RECOGNITION OF AN RVO W.E.F 8TH OCTOBER 2022 ONWARDS

IBBI CAUTIONS FOR CANCELLATION OF THE RECOGNITION OF AN RVO FAILING TO COMPLY WITH THE DIRECTIONS TILL 8th OCTOBER 2022 READ ORDER -No. IBBI/Valuation/RVO/02/2022 DATED-22nd September 2022 WHAT DOES THE ORDER SAY  NEW DELHI 23/09/2022: There is a strong case to suspend the recognition of an RVO by the Authority, in the exercise of powers

IBBI WARNED FOR CANCELLATION OF THE RECOGNITION OF AN RVO W.E.F 8TH OCTOBER 2022 ONWARDS Read More »

AAI eyes 300 acres to increase handling capacity of Chennai airport

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

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

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

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

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

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

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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