Category: Interviews

Municipal Commissioner auctions government properties to recover outstanding tax dues.

February 1, 2020

On January 30 Tukaram Mundhe, Municipal Commissioner, ordered the Property Tax Division of Nagpur Municipal Commissioner (NMC) to auction government property in order to recover taxes. After a review of the property tax department, he published the guidance. Currently, 314 properties are owned by the central government and property tax dues of Rs 37.86 crore […]

Municipal Commissioner auctions government properties to recover outstanding tax dues.more

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.

January 29, 2020

Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan, 46 years old, has been arrested and brought before the specified PMLA court by the Enforce Directorate (ED), under the Prevention of Money Laundering Act (PMLA) and held under the custody of the ED until 29 January 2020. The court accepted the Agency’s claim that Wadhawan’s remand […]

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.more

Government to issue a list of “Smart Cities” in June 2020.

January 28, 2020

The Smart Cities Mission will complete its five years of implication and the central government is going to publish a report card in June, consisting of 100 chosen smart cities into three categories – ease of living, municipal performance index and climate. It will allow cities to plan better and move towards data-driven governance, which […]

Government to issue a list of “Smart Cities” in June 2020.more

Godrej Properties to develop luxury apartments at the famous RK Studios.

January 25, 2020

Godrej Properties Ltd (GPL), a real estate company, has unveiled a luxury residential project at the famous RK Studios in the tony Chembur neighborhood, the southern part of Mumbai. The company is releasing the 3 and 4-bedroom Collector’s Edition residences, it said in its release. Bombay Art Deco influences the architecture of these luxury buildings. […]

Godrej Properties to develop luxury apartments at the famous RK Studios.more

Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.

January 23, 2020

Piramal Realty, the Piramal Group’s real estate development arm, plans to invest over Rs 3,500 crore in the Mumbai Metropolitan Region (MMR) residential project over the next 3 years with a strong focus on mid-market segment, said a top company official. Goldman Sachs and Warburg Pincus are investors of this enterprise which is entering the […]

Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.more

Joint property owners can file income tax return using this forms.

January 13, 2020

The income tax department permits joint owners of single house property to file the income tax return by simply using Form-1 (Sahaj) or Form-4 (Sugam). On 3 January, the taxpayers who had owned a house in joint ownership were debarred, and those who had paid Rs 1 lakh of electricity billed in a year or […]

Joint property owners can file income tax return using this forms.more

Homebuyers filed a writ petition in SC challenging IBC amendment.

January 8, 2020

Homebuyers opposed the central government’s ordinance to amend the Insolvency & Bankruptcy Code (IBC) 2016 and demanded a stay of the operation of Section 3 of the Insolvency and Bankruptcy Code (Amendment) 2019, which aims to modify Section 7 of the IBC. “The writ petition is filed by 11 petitioners from 11 different projects, including […]

Homebuyers filed a writ petition in SC challenging IBC amendment.more

Knight Frank Report: NCR witnessed a 45% rise in new residential launches in 2019.

According to the London-based real estate consultancy Knight Frank annual report, Housing sales in Delhi-NCR saw 5% YOY growth and new residential launches increased by 45% in 2019 compared to 2018. The report stated that the period from 2016 to 2019 was the transitional period, when policy changes such as the Real Estate (Regulation and […]

Knight Frank Report: NCR witnessed a 45% rise in new residential launches in 2019.more

Realty firm Supertech applies for last-mile funding of Rs 1,500 cr.

January 6, 2020

Supertech, a real estate company, said on January 5th, that they sought Rs 1,500 crore from the newly established government Stress Fund to complete their 12 ongoing housing projects in Noida and Greater Noida in Uttar Pradesh. The firm said the 12 projects consisting of 20,000 flats are in an advanced stage and that last […]

Realty firm Supertech applies for last-mile funding of Rs 1,500 cr.more

Eknath Shinde spoke about the fast-moving metro extension in Maharashtra.

On Sunday, Eknath Shinde, newly appointed Minister of Urban Development, said that the government is expected to intensify its work to extend the Pune’s metro network. Shinde, who flagged off the second tunnel-boring machine (TBM) on Sunday for the city’s underground Metro stretch, also said Metro rail projects will be launched after Pune and Nagpur […]

Eknath Shinde spoke about the fast-moving metro extension in Maharashtra.more

Category: Interviews

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