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Category: Current Affairs

Property Transfer

Registration of property stops in Karnataka; builders fear a disruption of cash flow.

May 14, 2021

The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]

Registration of property stops in Karnataka; builders fear a disruption of cash flow.more
Commercial Property

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.

May 12, 2021

According to a Knight Frank report, prime office rentals in Bengaluru and Mumbai dropped 8% and 6.2%, respectively, from January to March 2021 versus the preceding year. According to the consultant’s Asia-Pacific Prime Office Rental Index Q1, 2021 survey, prime office rents in the national capital region (Delhi-NCR) fell by just 1% from January to March […]

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.more
Electricity

In Andhra Pradesh, a housing scheme would use energy-efficient construction technologies.

May 10, 2021

The revolutionary ‘Indo-Swiss energy-efficient construction technology’ will be used in Andhra Pradesh’s Pedalandariki Illu housing scheme (housing for all the poor). The proposal calls for the construction of 30 lakh affordable houses in the state. According to state officials, the Indo-Swiss EE technology will decrease the temperature inside houses by about two degrees and save […]

In Andhra Pradesh, a housing scheme would use energy-efficient construction technologies.more
Construction

NAREDCO aims for the establishment of isolation facilities for construction workers.

May 7, 2021

Developers from all real estate projects in the twin cities and the area of Yamuna Expressway are asked to provide isolation facilities on their construction sites for Covid affected workers, the Naredco builders’ body said on May 6. Despite the fact that over 25% of migrant workers have returned to their hometowns, over a lakh people […]

NAREDCO aims for the establishment of isolation facilities for construction workers.more
Housing Societies

The Maharashtra cabinet has approved changes to the Co-operative Societies Act.

May 6, 2021

On May 5, the Maharashtra cabinet approved a plan to amend the Cooperative Societies Act 1960 to ensure that members’ voting rights are not getting lost during the next elections to their respective societies. According to the current rules, a member must attend at least one meeting of the co-operative society every five years otherwise, […]

The Maharashtra cabinet has approved changes to the Co-operative Societies Act.more
SEBI

Debt instruments provisional rating policies get reinforced by the SEBI new guidelines.

April 28, 2021

Sebi, the market regulator, issued a new structure on Tuesday to improve policies on a provisional assessment by credit rating agencies (CRAs) for debt instruments. According to the structure, all provisional ratings (‘long term’ or ‘short term’) for debt instruments must be prefixed with ‘provisional’ before the rating symbol in all communications—rating document, press release, […]

Debt instruments provisional rating policies get reinforced by the SEBI new guidelines.more
Building Construction

Construction firms are able to support their workers by using the reverse migration option.

April 13, 2021

Real estate and construction firms have so far been able to keep their workers on the job by using the lessons learned from last summer’s tumultuous evacuation of towns, even as reverse migration of unskilled workers working in retail, hotels, street vendors, and other miscellaneous occupations has begun in the wake of new mobility curbs. […]

Construction firms are able to support their workers by using the reverse migration option.more
Property Tax

East Delhi Municipal Corporation mandates online Property Tax payment from individuals.

April 6, 2021

The Municipal Corporation of East Delhi has decided to change totally to the online tax collection method. A government entity notification states that property tax returns are now accepted only online. Manual return filing has been taken out. According to the order issued by the accessor and collector office, the change is intended to increase […]

East Delhi Municipal Corporation mandates online Property Tax payment from individuals.more
Radhakishan Damani D-mart

Radhakishan Damani, founder of D-Mart executes its third-biggest deal of Rs. 1,001 crore.

April 5, 2021

Radhakishan Damani, billionaire investor and founder of D-Mart, has purchased a bungalow in South Mumbai’s lavish Malabar Hill area for Rs 1,001 crore, the country’s largest residential sale. Damani purchased the property with his younger brother, Gopikishan Damani. Madhukunj, a 1.5-acre land parcel on leafy Narayan Dabholkar Marg, has ground plus a two-storey bungalow with […]

Radhakishan Damani, founder of D-Mart executes its third-biggest deal of Rs. 1,001 crore.more


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