2022-10-12
A team constituted by the National Green Tribunal (NGT) has found that 25 builder projects in Greater Noida have been extracting groundwater without permission from the government. The committee - comprising the Noida district magistrate and officials from the state and central pollution control boards — was formed in July.
2022-10-11
The Chandigarh railway station is to pay Rs 2.30 crore property tax in 15 days or face action, according to a notice issued by the municipal corporation (MC). The recovery notice mentioning the property tax for the financial year of 2022-2023 includes arrears the railway station has not deposited.
2022-10-11
The housing scheme for the Economically Weaker Sections (EWS), mooted by the Greater Mohali Area Development Authority (GMADA), has gone into hibernation mode as even after many efforts, the authority has failed to launch the scheme till date. In total, GMADA was planning to construct 22,000 flats for the EWS, for which the authority has already acquired 230 acres of land for the project.
2022-10-11
Residential sector saw an annual growth of 15% in July-September 2022. Sold 73,691 housing units across top eight cities in the country from 64,010 in Q3 2021. All markets saw average prices increase in the range of 3% to 10% YoY during this period.
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.
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
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
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
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.
2022-10-10
Omnichannel home interiors and renovation platform Livspace recently entered into India’s unicorn league of startups with businesses valued at over $1 billion—has earmarked a corpus of $100 million for largely acquisitions as it looks to go deeper in existing geographies, add new categories as well as introduce more margins to its overall business.
