2022-10-29
Saint-Gobain sees its energy and raw material costs soaring by slightly more than 3 billion euros this year because of rising inflation. "If the material cost comes down we need to also then adapt and adjust ourselves in the market to make sure that we don't stand out as the only one who is looking for the price," company's Finance Chief Sreedhar Natarajan said.
2022-10-29
The BMC has decided to appoint a professional agency to provide search reports of property cards of properties to be auctioned over tax default. The agency to be appointed needs to have expertise in accessing search reports for property tax. The search reports are part of revenue records of the state government and search reports can be for a decade or two.
2022-10-29
It’s common for builders to advertise and sell dwelling units in their housing projects, claiming that the site would soon be connected with Metro or multi-lane roads. Now the NCDRC has warned that such builders will have to refund money to homebuyers if Metro or road link is not constructed by the authorities during the promised time-frame.
2022-10-29
In an attempt to restart over 500 dead slum redevelopment projects, the Slum Rehabilitation Authority (SRA) has invited applications from private builders to get empanelled with the agency. Once empanelled, the SRA will float tenders and award contracts to empanelled builders to complete the dead projects.
2022-10-29
Sebi extended the time till November 9 to auction the properties of Saradha Group of Companies to recover money that was illegally raised by them. Earlier, the auction was scheduled for November 1. The regulator will auction as many as 69 properties of Saradha Group of Companies for a reserve price of Rs 30 crore.
2022-10-29
For the convenience of tenants and better maintenance of records, the Ludhiana municipal corporation has decided to link its rental properties with a Unique Identification (UID) number. Besides, the MC is planning to give different colour coding to MC rental properties and the officials claimed they had to recover Rs 11.49 crore in dues from its tenants.
2022-10-29
The Bhubaneswar Municipal Corporation (BMC) has decided to create a model slum in each ward to pave way for their transformation and eventually convert them into Biju Adarsh Colonies in the long run. In May, the slum tag had been removed from 135 localities. Now, out of those slums, the officials have selected 10 to develop into model slums.
2022-10-29
CM Nitish Kumar inaugurated a set of 65 newly built three-storey houses for the members of legislative assembly (MLAs) at the sprawling legislators’ residential premises on Beer Chand Patel Road in Patna during an event organised by the building construction department (BCD).
2022-10-28
In Chennai there has been a 39% increase in new residential project launches and a 38% increase in sales between July and September. In the past three months, scores of people have booked or bought flats in these areas. Builders are on a spree to complete more such projects, but residents in the areas complain of not seeing a proportionate growth in the civic infrastructure.
2022-10-28
JSW Group’s flagship company JSW Steel has acquired a land parcel spread over 30.5 acres in Pen, around 4 km away from its existing 10 million tonne per annum (MTPA) integrated steel plant at Dolvi in Pen near Mumbai. Company has purchased the land parcel for Rs 23.22 crore and had paid nearly Rs 14.82 crore as advance payment towards the same in December 2018.
