MUMBAI: A civil court dismissed the claim of Shailesh Kamani, a resident of Ghatkopar, who sought a fee of Rs. 3 lacks from a property owner for whom he had allegedly brokered a deal in 2012. The court noted that the role of a broker is to persuade the vendor and purchaser to arrive at […]
Court: Broker may only be compensated for work completed.more
NEW DELHI: The promoters of Adani group firms Ambuja Cement Ltd and ACC Ltd stated on Thursday that no shares of the companies have been pledged and that only a “non-disposal undertaking” has been provided. Ambuja Cement Ltd and ACC Ltd described as “misleading” reports of promoters pledging shares as part of financing their acquisition […]
Ambuja Cement and ACC claim that no shares have been pledged by promoter Adani Group.more
GURUGRAM: Because they failed to pay for structural audits of their city-owned residential societies, the town and country planning department (DTCP) has recommended that all projects by two developers be barred from registering sale and lease deeds. District town planner Amit Madholia wrote to deputy commissioner Nishant Yadav, despite repeated reminders that Raheja Developers and […]
DTCP wants the leases of Raheja Developers and Brisk Infrastructure to be terminated.more
NEW DELHI: In the second quarter of the fiscal year 2022–23, Adani Group’s building materials division, ACC, reported a net consolidated loss after tax of Rs 87.32 crore. According to a BSE filing, the company reported a profit after tax of Rs 450.21 crore in the previous fiscal’s corresponding quarter. In Q2 FY23, the company’s […]
In the second quarter of FY23, ACC reported a net loss of Rs 87.32 crore.more
Residents of the Himalaya Pride society in Greater Noida claim that the builder obstructed their walkway, added two floors between towers A and B and renamed it tower E. As a result, they must walk an extra 100 meters per day. While officials await a ground report, they have filed a complaint with the Greater […]
Greater Noida: Residents of Himalaya Pride claim that Tower E obstructs the walkway.more
The land has always been clearly exempt from GST. However, a never-ending battle erupted over whether the sale of plots following basic development is subject to GST. This case is nearing its end. MUMBAI: The GST-Authority for Advance Rulings (AAR) Karnataka bench has ruled that the goods and services tax (GST) is not applicable on […]
There will be no GST on the sale of plots with basic infrastructure: AARmore
The Navi Mumbai Mangrove Conservation Unit’s Range Forest Officer has sent a letter to the Panvel revenue Sub-Divisional Officer stating that 400-500 mangroves have been killed in Kharghar along the Sion-Panvel highway due to an illegally constructed cement bag embankment, taking seriously the NGO NatConnect Foundation’s complaint. The dumping of waste marble by approximately 70–80 […]
Around 500 mangroves were killed as a result of illegal bund constructionmore
Developers in Maharashtra Now Must Install Fire Evacuation Lifts in High – Rise Buildings with 70-meters and Above in Heights. The new Evacuation Safety Circular is a step towards improving evacuation routes for residents anda Safer andFaster Mode for Fire Officers to reach High – Rise Floors during fire emergencies in Maharashtra Mumbai, July […]
Press Note: Maharashtra’s Energy Department Issues A Circular To Make Installation of the Fire Evacuation Lift Mandatory in High – Rise Buildings.more
Capital markets regulator Sebi announced on Friday that it has scheduled an auction on July 15 for as many as 39 properties owned by Royal Twinkle Star Club Pvt Ltd and Citrus Check Inns Ltd, with a reserve price of Rs 66.51 crore. The move is part of Sebi’s effort to recover funds raised by […]
SEBI to sell off Royal Twinkle and Citrus Check Inns properties.more
Following their conviction in a cheque-bouncing case in March 2021, the city crime branch arrested two directors of Mumbai-based Ahuja Constructions, 71-year-old builder Jagdish Bhagwandas Ahuja and his son Gautam Ahuja (42), on Friday. Because of the pandemic scenario at the time, no measures were taken to imprison them. They did not contest their conviction. […]
No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case.more