2022-09-12
Fractional real estate ownership platform hBits has raised about ₹20 crore in an angel round of funding from venture capital funds and marquee investors, including IIFL chairman Nirmal Jain, Snow Leopard Ventures and Incred Capital. The property technology company is planning to scale up various activities, including acquisition of new assets under management, customer acquisition and expansion of the business to newer cities.
2022-09-12
Registration of residential properties in Hyderabad region fell 36 per cent year-on-year to 5,181 units on lower demand, according to Knight Frank India. In August 2021, 8,144 housing units were registered in the Hyderabad residential market that includes four districts -- Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. The total value of properties transacted in August 2022 stood at Rs 2,657.8 crore, compared to Rs 3,809 crore in the same month last year.
2022-09-12
Bruhat Bengaluru Mahanagara Palike officials are worried over the ‘poor condition’ of buildings in the city that are on the verge of collapse. As per a survey, there are 629 ‘faulty’ buildings in the city. The maximum buildings are in south zone (216), followed by west (160), east (101), Yelahanka (84), Mahadevapura (37), Bommanahalli and Dasarahalli (11 each) and nine in RR Nagar. The civic agency is issuing reminders to the building owners to raze the structures in question.
2022-09-12
Chandigarh Housing Board (CHB) has allotted about 18,000 flats under rehabilitation scheme, small flat scheme and affordable rental housing scheme. These flats have been allotted for the occupation of the allottee and their families. The teams constituted by the CHB inspects whether the flat is occupied by the allottee and his family, and whether monthly rent/licence fee/installments is being paid regularly.
2022-09-12
The Punjab government has introduced a facility of online submission and processing of applications for obtaining no objection certificates to ensure their timely disposal for regularization of properties situated in unauthorized colonies in the state. The state government has fixed a deadline of maximum 21 working days to complete the whole process of issuing the NOCs.
2022-09-11
On the lines of famous cities like New York, Singapore and Dubai, high-rise buildings along the 25-km-long Noida expressway will soon get facade lighting. The Noida Authority has changed the building bylaws to make facade lighting mandatory on these buildings. Advent Building, One Sky, Amity University and ATS Tower will get the lights in the first phase.
2022-09-11
National Green Tribunal (NGT) central zone bench Bhopal issued notice to the state government on a petition over pollution caused by brick kilns using coal. The next hearing of the case is on October 18. The use of large quantities of coal and pet coke in brick kilns contributes significantly to the emission of carbon dioxide (CO2), and particulate matter (PM).
2022-09-11
A detailed project report (DPR) for a 2.6km extension of Noida Metro's Aqua Line from Greater Noida's Depot station to Bodaki was presented at the 127th Board meeting of GNIDA in Lucknow. As per the DPR, prepared by Delhi Metro Rail Corporation (DMRC), there will be two stations - Junpat and Bodaki - on the 2.6 km-long track.
2022-09-11
GURUGRAM : Revenue officials will face penal action for executing illegal registries. The deputy commissioner has ordered the registration of FIRs against any revenue official found to be involved in executing an illegal registry. He also urged residents not to go for the registry of a floor in a house constructed on less than 180 square yards. “The registry will get cancelled and officials involved in the registration process will be penalised,” he warned.
2022-09-11
Adani Group's Rs 31,000-crore open offer to acquire 26 per cent additional stakes in Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. around 40.51 lakh equity shares were tendered against the original offer of 4.89 crore shares, which is just 8.28 per cent. Similarly, for Ambuja Cements only 1.35 per cent of shares were tendered.
