2022-10-21
The Punjab government would set up an urban estate — a residential and commercial project — spread across 2,000 acres near Ladowal bypass in Ludhiana. Glada is already in the process of acquiring around 2,000-acre site at Ladowal bypass in Bagga Kalan, Noorpur Bet, Garha and Gounspur villages.
2022-10-21
Axis Bank has increased the marginal cost of funds based lending rates (MCLR) by 25 basis points across tenors with immediate effect. The country's third largest private sector lender in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022.
2022-10-21
Tamil Nadu is exploring the possibility of developing flagship housing projects in collaboration with Singapore firms. Partnering with Tamil Nadu for Technology, Innovation and Entrepreneurship’, organized as part of NTU Singapore. there is a cultural and natural connect between Singapore and Tamil Nadu to collaborate in a few areas.
2022-10-20
The Dharavi Redevelopment Authority (DRA) and the Indian Railway signed a "definitive agreement" for handing over 47.5 acres of railway land in Dadar for the Dharavi redevelopment project. Deputy CM Devendra Fadnavis, who was in Delhi for the meeting, tweeted that the development would pave the way for fast -tracking the mega project.
2022-10-20
Kotak Investment Advisors Ltd., backed by Asia’s richest banker Uday Kotak, is looking to raise about $1 billion for a new fund dedicated to investing in India’s residential real estate. Abu Dhabi Investment Authority could chip about $500 million into the property fund, while Allianz SE could invest about $220 million.
2022-10-20
Dubai-listed real estate developer Union Properties had completed a 595 million dirhams ($162.01 million) debt restructuring with lenders as part of a broader corporate turnaround strategy announced earlier this year. The restructuring plan includes the repayment of 223 million dirhams to lenders and is expected to reduce financing costs and improve the company's cash flow generation.
2022-10-20
Housing board residents shying away from paying taxes may face serious trouble post-Diwali as Chhattisgarh Housing Board has decided to disconnect the water supply line and and stop sanitation work in its colonies across the state. Most housing board residents have not been regular in paying water tax, common maintenance tax, land maintenance charge, among others, leading to financial crisis in the housing board.
2022-10-20
The Haryana forest department carried out a demolition drive in the Gwalpahari area. A total of six farmhouses were demolished using JCBs. The Supreme Court order had directed Haryana to restore the Aravali forest and to demolish structures that fall under special orders of Section 4 of the Punjab Land Protection Act (PLPA). No non-forest activity is permitted in the area.
2022-10-20
Aurum PropTech Ltd, formerly known as Majesco Ltd, has reported consolidated revenue from operations worth Rs 28.3 crore for the quarter ended September. up 179% over the last year’s total revenue and growth of 93.3% over the previous quarter. Total income for the quarter also rose 96.2% sequentially to Rs 30.84 crore.
2022-10-20
Home-buyers fed up with inordinate delays and irrelevant orders passed by Karnataka Real Estate Regulatory Authority (K-RERA), are now turning to Karnataka Lokayukta for justice. RERA did not examine the 28 documents which were submitted as evidence by complainer.
