Acting on the directions of UT administrator Gulab Chand Kataria, the Chandigarh Housing Board (CHB) has begun the process of dividing a portion of land in Sector 53 into two pockets, with one proposed to be auctioned to a private developer. The move has triggered concerns among residents’ bodies, who say it violates the city’s […]
MUMBAI: In Mira Road, flats are being marketed in more than 20 residential buildings, whose legal status is being debated in court. These projects, all across Mira Road, are being built by Ravi Developments of Ravi Group, which secured a commencement certificate to construct 29 new buildings in March 2019. Permission was for a revised […]
MUMBAI: The decision to unlock and monetise vast tracts of government land – almost 18% of Mumbai’s habitable area – has been condemned by prominent citizens and citizens’ groups, who are calling it the “privatisation of the city’s future”. Rejecting the idea of utilising public land as a financial resource to fill fiscal gaps or […]
Delhi-NCR based Trident Realty has launched 199 residential plots in its premium housing development spread across 200-acres in Panchkula and expects a revenue of ₹1200 crore from sales, the company said in a statement on November 9. Trident Realty has launched 199 residential plots in its premium housing development spread across 200-acres in Panchkula. (Photo […]
United Spirits Ltd., the India unit of Diageo Plc, has strarted a review of its investment in its sports management unit that controls Royal Challengers Bengaluru. The team, featuring India’s cricket star Virat Kohli, won its first Indian Premier League earlier this year. Royal Challenger Bengaluru (RCB), featuring India’s cricket star Virat Kohli, won its […]
Dubai’s Emirates NBD Bank PJSC has agreed to buy 60% stake in RBL Bank Ltd., in what is seen as the biggest foreign investment in India’s financial services sector. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) The middle-eastern bank will invest ₹26,853 […]
MUMBAI: From Thursday onwards, the BMC will start selling 426 inclusive homes, meant for those who annually earn ₹9 lakh or less, who fall under the Economically Weaker Sections (EWS) and Lower Income Groups (LIG). The homes, located in Kandivali, Bhandup, Jogeshwari, Goregaon, Byculla, Kanjurmarg, and other areas, have an area of 322 sq ft […]
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has held that a developer cannot forfeit the entire amount paid by a buyer if the agreement for sale has not been executed and the booking is later cancelled. The MahaRERA clarified that in such cases, the developer can deduct only 2% of the flat’s cost as cancellation […]
Rajesh Mehta, an NRI residing in the United States, is returning to Bengaluru after his five-year H1B visa expires. He owns three properties in the city, next to his child’s school, where he plans to reside; an apartment in the outskirts, which he plans to sell; and a house in Mysore, which he plans to […]
Tata Capital IPO has garnered 75% subscription after two days of share sale, indicating the cautious optimism around the Tata Group stock. Source link
