NEW DELHI: Fair trade watchdog CCI has rejected complaints of abuse of dominant positions made against Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA). While passing the order in this regard, the Competition Commission of India (CCI) said it hopes that GNIDA and NOIDA authorities would consider the issues raised […]
CHANDIGARH: Punjab Chief Minister Captain Amarinder Singh on Wednesday virtually launched an online citizen portal to provide all property-related services in a seamless manner. According to an official press release, this has been done to boost efficiencies in the functioning of all Urban Development authorities across the state. Lauding the people-friendly initiative of the Punjab […]
NEW DELHI: Builders have urged that the Reserve Bank of India (RBI) considers allowing loan restructuring, interest moratorium, and additional liquidity support for the real estate sector. This comes after RBI Governor Shaktikanta Das on Wednesday announced covid relief measures for small businesses, individuals and MSMEs. CREDAI urged and expected that similar measures which shall […]
NOIDA: Flagging labour shortage at construction sites, builders’ body Confederation of Real Estate Developers Association of Indian (Credai) has said delivery timelines of realty projects could be hit as more than 25% migrant workers have left for their hometowns. UP-Rera has taken cognizance of the situation and says it may offer deadline extensions to builders. […]
NEW DELHI: Realtors’ body CREDAI-NCR on Tuesday said it has set up an oxygen concentrator bank and will establish another oxygen cylinder bank this week to help people infected with the coronavirus. The association has airlifted 250 oxygen cylinders from Chennai. CREDAI-NCR announced the ‘Umeed – Win over Pandemic’ initiative to provide immediate assistance to […]
NEW DELHI: Homebuyers’ body FPCE on Tuesday said the Supreme Court’s decision to strike down a law passed by West Bengal government to regulate realty sector will help in protecting consumers’ interest and preventing any dilution in RERA to favour builders. On Tuesday, the apex court struck down West Bengal’s law on regulating real estate […]
NEW DELHI: To avoid rush at vaccination centres and minimise the chances of Covid-19 transmission, residents’ welfare associations from over 55 localities have sent a joint petition to the LG for giving permission to hold vaccination camps for people above 18 in their areas. “We appreciate government’s efforts to organise decentralised vaccination by having centres […]
NEW YORK: The amount of workspace available to lease in Manhattan rose to an all-time high in April as demand in the premier U.S. office market was 27% lower than a year ago even as rental prices continued to fall, brokerage data showed on Monday. The availability rate for office space in Manhattan rose for […]
NEW DELHI: Delhi’s prime retail market Khan Market witnessed an 8-17 per cent decline in monthly rentals during January-March compared with the year-ago period, according to property consultant Anarock. High street markets of Kala Ghoda, Bandra Linking Road, and Fort in Mumbai also saw high street retail rentals decline anywhere between 5 per cent to […]
NEW DELHI: The Delhi High Court on Friday laid down the timelines for the construction workers’ board to pay pension and ex-gratia relief to labourers registered with it and whose claims are pending. Justice Prathiba M Singh said that in cases where deficiencies in the claim applications have been pointed out to the workers, once […]
MUMBAI: Holding over USD 50 billion in assets under management already, the Wall Street major Blackstone is increasing its bet on the country, promising to pump in more dollars than it has already invested in the past decade, going forward. For the American alternate investment management giant with close to USD 620 billion in AUMs […]
In an industry first, mortgage lender Shriram Housing Finance has decided to provide free vaccination to its 20,000 affordable housing customers. The company would roughly spend Rs 1000 per loan as vaccination cost and would cover two members in a family. It estimates to spend nearly Rs 2 crore to provide free vaccination to its […]
