NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
The Income Tax (IT) department has provisionally attached the recently purchased South Mumbai flat of former bureaucrat Ajoy Mehta. Mehta who was the former Maharashtra Chief Secretary and advisor to Maharashtra CM Uddhav Thackeray was appointed as the MahaRera Chairman recently. He was also the BMC commissioner between April 2015 and May 2019. When contacted, […]
HONG KONG: Sales in two developments of China Evergrande Group in a southern Chinese city have been halted by the authorities, government notices show, adding pressure on the developer’s cashflow that has raised concerns in the past few months. A city housing authority in Hunan province ordered two Evergrande developments to suspend sales on suspicion
Chandigarh Municipal Corporation (File Photo) CHANDIGARH: The municipal corporation has sent first lot of notice to the 40 commercial properties of the city, which failed to pay their property tax to the civic body in the three-month rebate period of April to June. Since the rebate period ended on 30th June, out of around 40,000
NEW DELHI: Asian Paints on Tuesday reported an over twofold increase in its consolidated profit to Rs 574.30 crore for the first quarter ended June 30, 2021, on account of higher revenue from operations. The company had posted a profit of Rs 219.61 crore during the April-June quarter of the previous fiscal. Its revenue from
NEW DELHI: The Zurich Airport International on Saturday signed a shareholder agreement with the Uttar Pradesh government’s entity NIAL in Lucknow for the development of the Noida International Airport, a statement said. Arun Vir Singh, CEO, Noida International Airport Limited (NIAL), and Christoph Schnellmann, CEO, Yamuna International Airport Pvt Ltd (YIAPL), signed the agreement in
NEW DELHI: Realtors’ body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis triggered by the pandemic. A delegation led by NAREDCO-Uttar Pradesh Chairman R K Arora met Finance Minster Nirmala Sitharaman in this regard on Thursday. It also
NEW DELHI: The Competition Commission of India (CCI) has approved the stake acquisition in JSW Cement by Synergy Metals Investments Holding, under the green channel route. Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination
KOLKATA: A prime railway land near the iconic Howrah station will be offered on 99-year-lease for residential-cum-commercial development as the national transporter looks to raise funds, officials said on Thursday. The land parcel, having an area of 88,300 sq metres, is located along the Hooghly riverbank and will be put under the hammer with a
Representative Image Boston Properties said it has established a partnership with a potential spending power of up to $2 billion with Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund GIC to acquire office properties in the United States. The partners will aim to contribute a total of $1 billion of equity to the
SECUNDERABAD: Over 4,900 properties spread across 16 civilian bazaar areas of Secunderabad Cantonment are struggling to register themselves on the Dharani portal. Reason: A long-drawn tussle with Cantonment Board officials who, they allege, are refusing to issue ‘no objection certificates’ (NoCs) for their establishments, as they are classified as ‘B3’ lands. This means, these land
HYDERABAD: The Telangana government has decided to cap revision of land rates at 50% of the prevailing rates for non-agriculture properties registration such as open plots and 100% for agriculture properties. The government had initially considered enhancing land value for property registration up to 200% as the last revision was in August 2013. Sources said
CHANDIGARH: The Chandigarh Housing Board (CHB) earned Rs 17.65 crore from the auction of 22 freehold residential units in sectors 38 (West), 49, 51 and 63. A MIG flat in Sector 51 went for Rs 95.60 lakhs in the auction. The total reserve price of all 22 units was Rs 16.77 crore, while the total