Category: Current Affairs

Construction sites with up to 10 workers do not need permission to operate.

April 27, 2020

On April 26, the Haryana government said small residential industrial construction sites employing up to 10 workers, within the Municipal Corporation, municipalities, and rural areas, do not need permission to operate during the lockdown. A letter was issued by the Haryana Labour Department to the administrative secretaries, to the division commissioner and to the deputy […]

Construction sites with up to 10 workers do not need permission to operate.more

ITAT approves hold on paying tax demand to make builder pay its workers.

April 25, 2020

A construction company, which planned to take care of its workers, support staff and employees during the Covid-19 pandemic and was unable to do so because of the pending Income Tax (I-T) claim for Rs 2.91 crore, frozen bank accounts and the attachment of its debtors, received a favourable order from the Income Tax Appellate […]

ITAT approves hold on paying tax demand to make builder pay its workers.more

NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.

A representative of homebuyers in Greater Noida, the Noida Extension Flat Owners Welfare Association (NEFOWA) urged builders not to increase maintenance charges in the housing society during the lockdown. When a few developers in the area increased maintenance prices, the Association wrote to the Confederation of Real Estate Developers Association of India. Eros Group, which […]

NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.more

The central government is going to replicate Maharashtra’s drone survey across the country for property validation.

April 24, 2020

The central government is seeking to take a leaf out of the drone survey carried out by the state government to map housing in rural areas and replicate it across the country. Last year, the first survey of state property using Unmanned Aerial Vehicles (UAVs) was conducted at Sonori village in Pune District to map […]

The central government is going to replicate Maharashtra’s drone survey across the country for property validation.more

Delhi government issued an order to Dial 100 if the landlord force tenant to pay rent.

The Delhi government released an order asking all landlords not to ask rent for one month from workers, including migrants, who have been affected by the lockdown caused by a coronavirus. Any landlord identified to be in violation of the order is charged under the Disaster Management Act 2005. The order issued on April 22 […]

Delhi government issued an order to Dial 100 if the landlord force tenant to pay rent.more

Maharashtra Industrial Development Corporation's

MIDC approves more than 1,300 companies to reopen their operations in the midst of the lockdown.

April 23, 2020

More than 1,300 firms, including manufacturing units, foundries and textile firms have been approved by the Maharashtra Industrial Development Corporation (MIDC) to reopen their services in the midst of the COVID-19 lockdown. The MIDC is the nodal body of the state government to facilitate enterprises with regard to land management, permits and policymaking. “We have […]

MIDC approves more than 1,300 companies to reopen their operations in the midst of the lockdown.more

LIC Housing Finance cuts its housing loan rates to 7.4%.

LIC Housing Finance (LIC HFL) has reduced its interest rates with immediate impact for individual home loan borrowers, the firm said in a media release. For any amount of loan, the interest rate for new customers with CIBIL score of 800 or more is 7.5%. If the customer assigns new/existing single premium term insurance policy […]

LIC Housing Finance cuts its housing loan rates to 7.4%.more

SC concludes 20-year old battle, declares two JVPD plots as an ‘Open Spaces’.

April 22, 2020

In a judgment closing a 20-year-old battle, the Supreme Court ordered that two open spaces at the Juhu-Vile Parle Development Scheme (JVPD) be maintained as open spaces only. It upheld a 2017 Bombay High Court Order labelling Mhada’s decision to approve construction on the two layout open spaces as an “illegality” and “set off with […]

SC concludes 20-year old battle, declares two JVPD plots as an ‘Open Spaces’.more

Emirates REIT plans to buy-back $400 million in bonds to improve its balance sheet.

Emirates REIT, a sharia-compliant real estate investment trust headquartered in Dubai, is contemplating buying back some of it’s nearly $400 million in Islamic outstanding bonds to boost its balance sheet, three sources told Reuters. Given the economic pressures induced by the coronavirus pandemic, which is worsening an already stagnant property sector in Dubai, the idea […]

Emirates REIT plans to buy-back $400 million in bonds to improve its balance sheet.more

Indian real estate market experiences a decline in institutional investment by 58%.

April 21, 2020

Institutional investment in the Indian real estate market has dropped from a year earlier to $712 million during the quarter ended March by 58%. Total investments in the financial year 2019-20 experienced a 13% fall at $4.26 billion-the lowest for four years, a report by JLL India shows. Several events affected the downturn, including the […]

Indian real estate market experiences a decline in institutional investment by 58%.more

Category: Current Affairs

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