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DEHRADUN: Planning a crackdown on unauthorised hostels, Dehradun Municipal Corporation (DMC) will now charge commercial tax from such property owners.Following the orders of the Dehradun municipal commissioner, Vinay Shankar Pandey, the officials from DMC had carried out a survey of hostels active in the city in nearly 20 localities.During the survey, the officials found that […]
The 80:20 scheme had benefited developers as they were getting funds at home loan rates. With the RBI restrictions finances would be dearer,pushing up construction costs at a time when demand is weakJust a day before Raghuram Rajan took over from Duvvuri Subbarao,the Reserve Bank of India restricted banks and housing finance companies from funding
RBI clamps down on easy money for developers Read More »
CHENNAI: The Madras High Court on Thursday directed the Tamil Nadu Director General of Police to probe the complaints of monopoly and cartelisation by cement manufacturing companies.Justice V Bhavani Subbaroyan, who gave a direction to this effect, also directed the Director General, Investigation of the Competition Commission of India (CCI) to look into the allegations
As more internet portals offering real estate deals come up,the monopoly the broker had over information has ended. That does not mean the end of brokers for there is no substitute to the essential services they provide. The past two years havent been the best for the real estate sector that is witnessing the effects
Real estate: No writing-off the broker Read More »
After propelling India’s rockets and satellites up above the world’s so high, three former employees of Indian Space Research Organisation (ISRO) are now propelling electric vehicles — light and heavy commercial vehicles on the Indian roads. In addition to that, they also run a logistics company with their electric light commercial vehicles (LCV). Actually, it
Three ex-ISRO employees go from propelling rockets/satellites to propelling E-LCVs Read More »
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
Lupin to acquire Australia-based Southern Cross Pharma Read More »
Friday announced that it’s wholly owned subsidiary Allcargo Belgium NV. , a multi-modal logistics major, has signed a joint venture agreement with Swedish logistics company Nordicon Group Allcaro Belgium operates ECU Worldwide. It will hold a 65% share in the jv, while the balance of 35% will beheld by the present owners of Nordicon. “With
Allcargo Logistics forms JV with Nordicon Group Read More »
NEWS UPDATE MR MAYANK KAUSHIK & MR RAJNISH MALIK CLEARED THE IBBI EXAMINATION THIS WEEK THEY ATTENDED THE ONLINE REVISION BATCH HELD LAST MONTH JALANDHAR-29TH JULY, 2021 (TECHNO NEWS): MR MAYANK KAUSHIK & MR RAJNISH MALIK cleared the IBBI examination THIS WEEK. They had attended the revision batch online classes held in the month of
NEWS UPDATE: MR MAYANK KAUSHIK & MR RAJNISH MALIK CLEARED THE IBBI EXAMINATION THIS WEEK Read More »
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
The RBI notification restricting loans under 20:80 scheme has developers reworking strategy to woo buyers without reducing prices. Some are coming up with new variants while others are banking on gifts and freebies The just-concluded Ganesh festival has not shown much movement in Mumbais real estate market. This is usually a period when buying activity
Real estate: Back to freebies this festive season Read More »
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,
UP-RERA carries out digitization of various processes, Real Estate News Read More »
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.