2022-10-12
Only about 10% of the developers who had got their building plans approved by the Ghaziabad Development Authority (GDA) since 2004 have obtained completion certificates (CCs). Data shared by the GDA showed that it had approved 2,253 building layouts in the past 18 years. But only 221 of these projects have CCs till date.
2022-10-12
Cracking the whip against defaulters, the UT estate office has recovered Rs 85 crore in outstanding dues since April this year. The dues pertain to unpaid rent on leasehold properties, penalties on misuse of properties and building violations. Some of these dues were pending for last more than a decade.
2022-10-12
Starting from the first day of Navratri, the sub-registrar offices in the state witnessed a heavy rush for registration of property sale deeds as this period is considered auspicious for purchasing new properties. The officer has also ordered each sub-registrar office to issue 61 appointment tokens daily. There are 43 sub-registrar offices in the state that register property sale deeds, and 12 of these offices are in Ahmedabad.
2022-10-12
A consumer commission has ordered ICICI Bank to pay Rs 55,000 compensation to a couple, whose original documents related to their property were misplaced by the bank and they were not informed about the missing documents for long. The case involved Himanshiben and Chaitanya Soni having a house in Umiyavijay Society in Jodhpur area.
2022-10-12
Adani group is in talks to buy the cement businesses of debt-laden Jaypee Group for about Rs 5,000 crore as the conglomerate helmed by the richest Asian consolidates its presence in a sector it entered a few weeks back. Jaypee group had sold its cement business to UltraTech but a few units were still housed in group firms.
2022-10-11
The NRJN Family Trust established by Nandan Nilekani, cofounder and non-executive chairman of Infosys Technologies, has bought a residential property for about Rs 59 crore in one of the largest property transactions in the country’s tech capital. The property measuring 9,600 sq. ft. with a total built up area of 4,200 sq. ft is situated at 3rd Block, Koramangala Extension, Bengaluru.
2022-10-11
Co-living operator Settl will add 1,000 beds in Hyderabad to expand business amid rise in demand for managed rented homes from working professionals. Started in 2020, the company currently has 1,500 beds. of which 900 are in Bengaluru and 300 each in Hyderabad and Gurugram.
2022-10-11
Jaiprakash Associates Ltd and Jaiprakash Power Ventures Ltd announced plans to divest their cement business as well as some non-core assets to reduce debt. Both companies are part of the Jaypee group, which has been facing business headwinds.
2022-10-11
State-owned Bank of Maharashtra raised the marginal cost of funds-based lending rates (MCLR) by 0.20 per cent or 20 basis points across tenors. The revision will make loans linked to MCLR benchmark costlier. The benchmark one-year MCLR will be 7.80 per cent. The one-year rate is used to fix most consumer loans such as auto, personal and home loans.
2022-10-11
Truong My Lan, chairwoman of Ho Chi Minh City-based Van Thinh Phat Holdings Group, was accused of illegally issuing bonds to raise trillions of dong (tens of millions of dollars) from investors during the 2018-2019 period. Vietnam recently broadened its anti-graft drive with a series of high-profile corporate arrests.
