Category: Construction Industry

Press Note: Maharashtra’s Energy Department Issues A Circular To Make Installation of the Fire Evacuation Lift Mandatory in High – Rise Buildings.

July 25, 2022

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

SEBI to sell off Royal Twinkle and Citrus Check Inns properties.

June 18, 2022

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

No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case.

June 13, 2022

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

Tata Projects will construct Noida International Airport.

June 4, 2022

Tata Projects has been chosen by Yamuna International Airport (YIAPL) to handle the engineering, procurement, and construction (EPC) of Noida International Airport (NIA). The company was chosen from three qualified teams to build the airport’s terminal, runway, airside infrastructure, roadways, utilities, landside amenities, and other auxiliary buildings. According to Christoph Schnellmann, CEO of YIAPL, “Our […]

Tata Projects will construct Noida International Airport.more

Transfer duty on properties worth more than Rs 25 lakh in Delhi has been increased by 1%.

June 2, 2022

The unified Municipal Corporation of Delhi has agreed to increase transfer duty by 1% on properties priced above Rs 25 lakh across the city, according to official sources. Buying property in Delhi is about to become more expensive. Officials claimed that after the increase, the transfer duty will be 4% for men and 3% for […]

Transfer duty on properties worth more than Rs 25 lakh in Delhi has been increased by 1%.more

Realty Quarter have successfully conducted it’s 6th edition of Indian Property Expo 2022.

May 26, 2022

We are proud to announce that we have successfully conducted our Indian Property Expo 2022 which was held on the 21st & 22nd of May 2022. The Indian Property Expo is a platform that allows various real estate players all across India that are backed by many Trade Associations, Financial Institutions, Hight Profile Brokers, Investors, […]

Realty Quarter have successfully conducted it’s 6th edition of Indian Property Expo 2022.more

The Government is attempting to lower Steel, Plastic, and Cement prices.

May 25, 2022

The government announced a series of tariff reductions aimed at lowering iron and steel, coal, and plastics prices, as well as a pledge to more than double fertiliser subsidy allocations to help farmers cope with the impact of the Ukraine war. In addition to lowering import duties on iron and steel, the finance ministry increased […]

The Government is attempting to lower Steel, Plastic, and Cement prices.more

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.

May 20, 2022

Keystone Realtors, a Rustomjee group company, is expected to file a draft red herring prospectus (DRHP) with the market regulator Sebi soon for an initial public offering (IPO) of over ₹1,000 crores. The company raised $170 million in a pre-IPO placement. HDFC Capital, IIFL Group, and Jagdish Master’s family office all participated in the deal, according […]

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.more

No conservation fee if construction takes place outside of the ESZ: Bombay HC

May 13, 2022

MUMBAI: The Bombay High Court dismissed a Rs 4 crore demand made on a Thane developer, ruling that the forest department cannot levy a “conservation fee” on commercial activities outside the eco-sensitive zones (ESZs) surrounding national parks and wildlife sanctuaries. According to the HC, the moot question is whether the 2% of project cost must […]

No conservation fee if construction takes place outside of the ESZ: Bombay HCmore

Maharashtra will re-allot stalled slum projects to new developers.

May 4, 2022

Maharashtra is set to reallocate stuck slum redevelopment projects to new builders in a move that could benefit up to 40,000 families, a minister said on April 28. Jitendra Awhad, the State Housing Minister, stated at a conference organised by industry lobby Naredco that there are 520 such stuck projects where the developer obtained the […]

Maharashtra will re-allot stalled slum projects to new developers.more