Category: Current Affairs

Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.

July 17, 2021

On July 15, officials from the Noida and Greater Noida government, private developers, and homebuyers met to address the deadlock over delayed flat registration. The conference was presided over by Sanjiv Kumar Mittal, the state’s infrastructure and industrial development commissioner. The developers representing Credai and Naredco were requested to submit a new payment plan to […]

Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.more

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.

July 16, 2021

The top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino, Plum by Bent Chair, Mamagoto, Farzi Café, Lee, Wrangler & Cafe Warehouse, etc., insist on introduction of clauses in all new leases, which state that in the event of government-mandated closures of stores and business, they do not pay rent […]

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.more

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.

July 14, 2021

On July 13, Adani Group Chairman Gautam Adani announced that the Adani Group has taken over management of Mumbai International Airport from the GVK Group. Following a MIAL board meeting earlier on July 13, the Adani Airport Holdings Limited (AAHL) took over managerial control of MIAL from the GVK Group. Gautam Adani stated: “We are […]

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.more

Over 70 real estate complaints got disposed of by UP-RERA in its first National Lok Adalat.

July 13, 2021

On July 10, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) disposed of approximately 80 cases under the auspices of the Uttar Pradesh State Legal Services Authority in the first National Lok Adalat. A sum of 91 cases was held for hearing at the Lok Adalat, with 79 of them got disposed of. UP-RERA Legal […]

Over 70 real estate complaints got disposed of by UP-RERA in its first National Lok Adalat.more

Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.

July 12, 2021

The Maharashtra Housing Area Development Authority (Mhada) is set to legally take over the reconstruction of Goregaon West’s Siddharth Nagar (Patra) chawl. The state housing department issued a government resolution (GR) ordering Mhada to finish the halted redevelopment and deliver over dwellings to the 672 tenants and 306 residents who had won allotments under the […]

Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.more

Karnataka will shortly implement a new model of tenancy laws.

July 10, 2021

Karnataka is considering adopting the Union government’s Model Tenancy Act in order to end ongoing tenant-owner issues while also revitalizing the rental housing market, according to state Revenue Minister R. Ashoka on July 8. Ashoka informed reporters that the state administration aims to streamline the existing Tenancy Act after analyzing revenue department initiatives here. “This […]

Karnataka will shortly implement a new model of tenancy laws.more

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.

July 4, 2021

An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more

Land and building investments are not covered under the PLI scheme.

June 5, 2021

Investments in land and buildings necessary for a project will not be included under the production linked incentive (PLI) scheme for ACs and LED lights, and will not be included when establishing a company’s eligibility to benefit from the program. This is part of the rules provided on Friday by the Department for Promotion of […]

Land and building investments are not covered under the PLI scheme.more

Telangana Gearing up For Digital Land Survey

June 4, 2021

Hyderabad: The stage is all set for digital land survey across the State. Chief Secretary Somesh Kumar on Tuesday held a preliminary meeting with various companies to take up digital land survey in the Telangana State. A total of 17 companies participated in the discussion. The Honourable Chief Minister K Chandrashekar Rao is likely to […]

Telangana Gearing up For Digital Land Surveymore

PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.

June 2, 2021

PNB Housing Finance’s board of directors has approved an Rs 4,000 crore capital raise plan by the preferential issue of equity shares and warrants, according to a press statement. Pluto Investments, a Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. affiliate, has decided to invest up to Rs 3,185 crore at preferential […]

PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.more

Category: Current Affairs

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