2022-08-28
YES Bank has picked up over 44,000 sq ft office space at commercial tower R-Tech Park in Goregaon suburb of Mumbai through a lease for a long-term tenure of five years. As per the lease agreement, the bank will be paying lease rental of Rs 53.19 lakh per month, taking its annual rental pay out to nearly Rs 6.40 crore. The bank has also paid security deposits worth nearly Rs 3.07 crore for the transaction.
2022-08-28
Registered real estate agents in UP have been issued a "registration certificate" in Form-H prescribed in the UP RERA Rules. In this, the validity period of registration is five years. In Rule-10(3) of the UP Land Estate (Regulation and Development) Rules, 2016, the period of registration of a real estate agent has been fixed at 10 years. As per new regulation, in case of a single real estate agent, the processing fee will be Rs 1000 and in cases other than single or individual, the prescribed processing fee would be Rs Rs.5000.
2022-08-28
India’s largest private sector mortgage lender Housing Development Finance Corporation’s two wholly owned subsidiaries HDFC Property Ventures and HDFC Venture Capital have approved the plan to merge with another group subsidiary HDFC Capital Advisors. The proposed scheme of amalgamation envisages merger of both the transferor companies with and into transferee company HDFC Capital Advisors and the dissolution of the transferor companies without being wound up.
2022-08-28
The company had announced purchase of around 40 acres of land in Gurugram from Indiabulls Real Estate Ltd (IBREL) for Rs 580 crore for the development of housing and commercial projects worth Rs 10,000 crore. The 40 acre land parcel at Sector 106 in Gurugram is fully licensed. Out of that, 30 acres are meant for residential development and 10 acres for commercial projects.
2022-08-28
JAIPUR: To receive financial approval for Jaipur Metro phase-1D proposed between Mansarovar and Ajmer Road (200-feet Chauraha), the Jaipur Metro Rail Corporation (JMRC) has forwarded the proposal to the state government. The move was taken after carrying out environmental impact assessment (EIA) and social impact assessment (SIA). Under the project, the JMRC has proposed to construct approximately 2km elevated stretch connecting Mansarovar and 200-feet bypass at Ajmer Road.
2022-08-27
KOCHI: Revenue authorities have frozen immovable properties of the builder of the builder of the demolished H2O Holy Faith apartment complex in Maradu as he has failed to provide compensation to the flat owners. H2O Holy Faith was one among the four apartment complexes which were demolished in January 2020 for violation of coastal regulation zone rules.
2022-08-27
The Bombay high court slammed a developer whose construction encroached on an adjacent 6,000sqmt plot reserved for a playground next to St Elias High School in Khar (west), flouting a Supreme Court order passed more than 27 years ago. The high court in November 2021 had restrained further construction on it. The PIL said that in 2019 the developer began construction for an SRA project in the neighbouring plot. In August 2021, excavation commenced on the playground reserved plot. The petitioners wrote to authorities to urgently demarcate and develop the playground in vain. The school has nearly 2,000 students.
2022-08-27
The housing financier will seek approval from its shareholders on the capital raise plan in the upcoming annual general meeting on September 23, 2022. "Seeing the long-term borrowing requirement of the company and to augment resources at a cheaper rate of interest, approval is sought to mobilise some more funds by way of issue of redeemable NCDs/bonds on private placement basis," GIC Housing Finance said in its annual report 2021-22.
2022-08-27
Delhi Metro Rail Corporation (DMRC), the nodal agency for the Patna Metro rail project, has taken environment-friendly measures to prevent pollution during the ongoing construction work on the Corridor II, which will have 14.45km-long network from Patna junction to Patliputra bus terminal. To ensure that the soil and muck dug out during the construction work on underground and elevated section do not spill on the road, the DMRC has procured automatic 'Wheel Wash Facility' at all the construction sites.
2022-08-27
A special CBI court cancelled the bail granted to builder Satyen Tandon for breach of conditions after he did not furnish the surety on time, and no plea was filed for extension of time. Tandon was arrested immediately after the court’s orders and remanded to judicial custody for 3 days. He Arrested in May in the scam case involving DHFL, Tandon was granted bail in July. The court had then observed that though there was prima facie evidence against him, since he had deposited Rs 4 crore, it was a mitigating factor for granting bail.
