2022-09-29
GHAZIABAD city made a record revenue collection of over Rs 10 crore from stamp duty and registration charges on the first day of Navratri. Some 449 properties were also registered on the day. This is the highest single-day revenue collection from stamp duty and registration charges since 2016 and also the highest so far this year, according to officials.
2022-09-29
The Dharavi redevelopment project will have an FSI of 4, but with a height restriction on account of proximity to airport. However, the balance FSI will be used elsewhere. The redevelopment authority will issue global tenders next week, said deputy CM Devendra Fadnavis. The housing department issued a detailed GR outlining the guidelines to be followed for the project.
2022-09-29
The state government has provided a big relief to the MLAs by waiving the lease money (freehold) on multi-storey flats allotted to them at Mansarovar and Pratap Nagar. These flats were already sold to the MLAs at half the cost during the Covid-19 time. Now the urban development and housing (UDH) minister has waived the lease money. The move will cause a Rs 4 crore loss to the state exchequer.
2022-09-29
Jaiprakash Associates Ltd (JAL), the flagship company of the Jaypee Group, is seeking to stave off a fresh insolvency bid, this time from SBI, by seeking to sell its remaining assets. The case Manoj Gaur was referring to involves Jaypee Super in Uttar Pradesh, which was part of the sale of 22 million tonnes of cement capacity to UltraTech five years ago.
2022-09-29
Debenture holders have moved an insolvency plea against Peninsula Land at national company law tribunal (NCLT) to invoke corporate guarantees worth ₹117 crore provided by the Ashok Piramal company. The debenture holders are being represented by their trustee Vistra ITCL, the custodian of the debentures and the collateral documents backing the debt instruments.
2022-09-28
More than five years after the Vadodara Municipal Corporation (VMC) razed 1,428 dwellings and 78 shops in Sahakarnagar, a housing project under the Pradhan Mantri Aawas Yojana in Tandalja will finally take off. The civic body had razed the dwellings and the shops in July 2017 in Sahakarnagar promising houses under a scheme on the same land for urban poor.
2022-09-28
All houses in Raipur will have a digital door number and a unique code will identify every house. The new system will help denizens get emergency and essential services sitting at home. With the installation of digital door numbers on all 3.15 lakh houses in the city, the landlord will get 26 types of essential and emergency services.
2022-09-28
State Bank of India has moved the National Company Law Tribunal (NCLT) to initiate insolvency action against Jaiprakash Associates Ltd, the flagship company of Jaypee group, putting the fate of thousands of homebuyers in Jaypee Greens, Jaypee Wishtown and Jaypee Greens Sports City, including the F1 track, in uncertainty. The number of units that will be impacted was not readily available.
2022-09-28
An action-taken report by a joint committee headed by Delhi Pollution Control Committee (DPCC) found several violations during construction of a shopping complex near Anand Vihar. The violations included causing air pollution, destruction of trees and drawing groundwater without a permit.
2022-09-28
New York Life Insurance Co, US based mutual life insurance company, has proposed to invest Rs 196 crore for a 49% equity stake in a commercial project of Max Estates’ SPV in Noida. The land spread across 4 acre in Sector 129, Noida was acquired by Max Estates, the real estate arm of Max group, from Axis Bank for Rs 220 crore.
