Category: Construction Industry

DTCP wants the leases of Raheja Developers and Brisk Infrastructure to be terminated.

November 14, 2022

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

The SC upholds a Bombay HC decision against laws that raise land property taxes.

November 8, 2022

MUMBAI: The SC upheld an April 2019 Bombay high court decision that invalidated three rules for determining the “capital value” of land where construction is set to begin under a new property tax regime. Despite being a setback for the C, the SC decision by a bench led by Chief Justice U U Lalit and […]

The SC upholds a Bombay HC decision against laws that raise land property taxes.more

CBRI develops a ‘low-cost’ smart face mask for construction workers.

October 31, 2022

ROORKEE: Researchers at the Central Building Research Institute (CBRI) in Roorkee have created a battery-powered smart face mask for construction workers. The low-cost smart face mask, they claim, will keep dust out of the eyes of workers suffering from asthma, lung infections, or other pulmonary diseases. According to the researchers, the smart face mask provides […]

CBRI develops a ‘low-cost’ smart face mask for construction workers.more

In Delhi, a fine of Rs 32.4 lakh was imposed for failing to comply with dust regulations.

October 27, 2022

NEW DELHI: Authorities in Delhi issued 253 challans and fined user agencies a total of Rs 32.4 lakh for failing to comply with dust control standards, according to Environment Minister Gopal Rai. As of October 6, government officials had inspected 6,868 construction sites as part of the anti-dust campaign, according to the minister. “A total […]

In Delhi, a fine of Rs 32.4 lakh was imposed for failing to comply with dust regulations.more

Bombay HC: There is no development fee for projects built on government land.

October 21, 2022

MUMBAI: On Thursday, the Bombay High Court ruled that a Maharashtra town planning law does not exempt developers from paying development charges for projects on civic or government land, including redevelopment. The legislation was never intended to allow a developer or any third party seeking to redevelop a plot owned by a public body or […]

Bombay HC: There is no development fee for projects built on government land.more

Nama Nage’s assets worth Rs 80 crore have been seized by the Enforcement Directorate in Telangana.

October 20, 2022

HYDERABAD: The TRS MP and Lok Sabha floor leader, Nama Nageswara Rao, and members of his family were arrested on Monday after the Enforcement Directorate seized 28 immovable properties and other assets worth Rs 80 crore from them. The Enforcement Directorate has attached assets belonging to Madhucon Projects Limited, Ranchi Expressway Limited, and their directors […]

Nama Nage’s assets worth Rs 80 crore have been seized by the Enforcement Directorate in Telangana.more

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.

October 19, 2022

CHENNAI: According to Palanivel Thiaga Rajan, Tamil Nadu’s finance and human resource management minister, the state is considering developing flagship housing projects in collaboration with Singapore firms. On Tuesday, he said there is a cultural and natural connection between Singapore and Tamil Nadu to collaborate in a few areas during a panel discussion titled “Partnering […]

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

In the second quarter of FY23, ACC reported a net loss of Rs 87.32 crore.

October 18, 2022

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

Fines will be imposed on buildings with faulty rainwater harvesting systems.

October 17, 2022

NASHIK: The Nashik Municipal Corporation (NMC) has decided to fine all residential and commercial buildings in the city that have inoperative rainwater harvesting systems. Rainwater harvesting systems are required by law for all residential and commercial structures built on plots larger than 500 square meters. The town planning department will check whether the rainwater harvesting […]

Fines will be imposed on buildings with faulty rainwater harvesting systems.more

Indiabulls Commercial Credit Buys a Property in South Delhi for Rs 60 Crore.

October 15, 2022

IBCCL, a wholly owned subsidiary of Indiabulls Housing Finance Ltd. (IBHFL), has paid Rs 60 crore to Sheela Gehlot, wife of Ambience group promoter Raj Singh Gehlot, for four floors in Anand Lok in south Delhi. The house is situated on a 780-square-yard lot, with the first four floors being registered separately. According to documents […]

Indiabulls Commercial Credit Buys a Property in South Delhi for Rs 60 Crore.more

Category: Construction Industry

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