2022-09-23
Realty firm Birla Estates has acquired 10 acres of land in Bengaluru and will develop a housing project with expected sales potential of Rs 900 crore. Birla Estates Pvt Ltd, a wholly-owned subsidiary of Century Textiles and Industries Ltd has acquired a 10-acre land parcel at Raja Rajeshwari Nagar, South Bengaluru.
2022-09-23
Nearly 5% — 895 — of the total 18,138 houses allotted by Chandigarh Housing Board (CHB) under rehabilitation, small flat and affordable rental housing schemes, have been found to be illegally occupied. According to the survey, 1,268 (7%) were found locked and in 130 cases, the occupants denied to give any information to the CHB officials, 211 were with the government departments, three were found vacant and four sealed by CHB.
2022-09-23
The long pending project of setting up a plant for construction and demolition waste by Hubballi-Dharwad Municipal Corporation (HDMC) will turn into reality soon. In order to find a solution to the problems posed by construction and demolition (C&D) waste, the civil work to setup of the C&D waste recycling plant in Shivalli is almost over.
2022-09-23
India's Adani Group has pledged shares worth about $12.5 billion in two cement units, days after the conglomerate controlled by billionaire Gautam Adani completed the purchase of stakes in those businesses from Switzerland's Holcim. The pledged shares of ACC and Ambuja were worth around 989.46 billion rupees and accounted for a 57% stake in ACC and a 63% stake in Ambuja Cements.
2022-09-23
HONG KONG : An offshore bondholders' group of cash-strapped Kaisa is offering up to $2 billion to acquire stalled housing projects of the Shenzhen-based developer to facilitate their completion. Kaisa Group, the second-largest U.S. dollar bond issuer among Chinese developers after China Evergrande Group, is in the process of restructuring its $12 billion offshore debt after defaulting on some bonds last year.
2022-09-23
The Karnataka Municipalities (amendment) bill, which envisages regularising properties which were previously under gram panchayat jurisdiction but have now been added to urban local bodies (ULBs) was passed in the legislative assembly. During the proceedings, a debate en sued over whether regularisation of these properties would facilitate illegal layouts developed by small-time developers and the land mafia.
2022-09-23
Pidilite Industries, which owns adhesive brand Fevicol, has picked up an entire 10-storey commercial tower Opus Prime at Santa Cruz Special Economic Zone (SEEPZ) in Mumbai’s Andheri suburb through a long-term lease of five years. The company will be paying monthly rental of Rs 1.80 crore, taking its total pay out to Rs 119 crore across the total tenure of the lease.
2022-09-22
The Bangalore Development Authority (BDA), due to its failure to ensure timely payment of Rs 11 lakh as entitled compensation to a land loser, had to part with developed sites valued at a whopping Rs 44.5 crore eight years later. As part of the Comptroller and Auditor General (CAG) report on departments and public sector undertakings dwelt into a case of the BDA land acquisition from 1988 for the development of JP Nagar 8th phase.
2022-09-22
The Guwahati Municipal Corporation (GMC) is mulling over outsourcing the task of collecting property tax to a private entity and has also floated tenders inviting bids for the same. This was revealed by urban affairs minister Ashok Singhal. He said about 40% of around 3 lakh households in the city do not pay taxes.
2022-09-22
The Haryana real estate regulatory authority (HRERA) imposed a penalty of Rs 12 lakh on ISH Realtors for selling properties in a commercial project without obtaining licence from the concerned department. Sale and purchase of properties in Vatika India Next 2 project have been restricted due to non-compliance of the RERA Act, said K K Khandelwal, chairman, RERA.
