News

Citibank to offer lease rental discounting for commercial real estate companies

Citibank India is planning to introduce Lease Rental Discounting (LRD) for top commercial real estate companies in India as it aims to strengthen the focus on institutions while exiting the retail business, two people familiar with the matter told ET. LRD is a globally popular credit instrument offered against rental receipts. This will likely ease […]

Haryana empowers SDMs, city magistrates to register property documents

CHANDIGARH: In a significant decision that may bring major changes in the process of property registration in the state of Haryana, the Haryana government has designated all the sub divisional magistrates (SDMs) and city magistrates as sub registrars and joint sub-registrars. An announcement in this regard was made by the Haryana chief minister Manohar Lal […]

Smart cities mission, PMAY, RERA to be studied by parliamentary panel

NEW DELHI: Implementation of metro rail projects, the Smart Cities Mission, the Pradhan Mantri Awas Yojana (Urban) and implementation of The Real Estate (Regulation & Development) Act, 2016 (RERA)are some of the subjects that have been selected by the Lok Sabha’s Department Related Standing Committee of the Urban Development Ministry. Apart from the above subjects, […]

Haryana empowers SDMs, city magistrates to register property documents

CHANDIGARH: In a significant decision that may bring major changes in the process of property registration in the state of Haryana, the Haryana government has designated all the sub divisional magistrates(SDMs) and city magistrates as sub registrars and joint subregistrars. An announcement in this regard was made by the Haryana chief minister Manohar Lal Khattar […]

Greater Noida authority offers ready flats, applications from Nov 10

GREATER NOIDA: The Greater Noida Authority on Monday launched a residential scheme for ready-to-move, built-up houses and highrise apartments. Under the scheme, some 113 independent houses ranging from 120 to 200 sqm are available along with 1,467 flats in built-up highrises of one, two and three bedrooms in different sectors. Online applications for the open-ended […]

Gurugram: Homes delayed, Vatika India Next township buyers protest

GURUGRAM: A group of homebuyers, as well as residents of the Vatika India Next township, staged a protest against the developer on Monday. While homebuyers alleged delays in possession of flats, residents complained about the lack of amenities in the 700-acre township spread across sectors 82, 82A, 83, 84 and 85. Last year, the department […]

Delhi corporations may make all properties up to 50 sqm free from tax burden

NEW DELHI: Close on the heels of a similar move by the North Delhi Municipal Corporation, the south and east civic bodies are also contemplating waiving off property tax for plots up to 50 square metres. A south corporation councillor stated that the civic agency might even exempt plots of up to 100 square meters […]

Omaxe elevates Mohit Goel as its new managing director

NEW DELHI: Omaxe has re-designated Mohit Goel as its new managing director from his present designation of CEO & whole time director with immediate effect, the company said in a BSE filing. Consequently, Mohit Goel ceased to be the CEO of the company with immediate effect. The board of directors also re-designated Rohtas Goel, promoter […]

Delhi court denies bail to Avantha Group’s promoter in money laundering case

NEW DELHI: A Delhi court on Saturday dismissed the bail plea of Avantha Group promoter Gautam Thapar, arrested in connection with a Rs 500-crore money laundering case.Special judge Sanjeev Aggarwal noted that since huge loss of public money was involved in the case, it needed to be viewed seriously and considered as grave offence affecting […]

Delhi court denies bail to Avantha Group’s promoter in money laundering case

NEW DELHI: A Delhi court on Saturday dismissed the bail plea of Avantha Group promoter Gautam Thapar, arrested in connection with a Rs 500-crore money laundering case.Special judge Sanjeev Aggarwal noted that since huge loss of public money was involved in the case, it needed to be viewed seriously and considered as grave offence affecting […]

Omaxe elevates Mohit Goel as its new managing director

NEW DELHI: Omaxe has redesignated Mohit Goel as its new managing director from his present designation of CEO & whole time director with immediate effect, the companysaid in a BSE filing.Consequently, Mohit Goel ceased to be the CEO of the company with immediate effect. The board of directors also re-designated Rohtas Goel, promoter of Omaxe […]

Court dismisses bail plea of Ambience Group’s promoter in money laundering case

NEW DELHI: A Delhi court has dismissed the bail application of Ambience group promoter Raj Singh Gehlot in a money laundering case linked to an alleged bank loan fraud of Rs800 crore. Additional Sessions Judge Dharmender Rana on Wednesday said there was a strong possibility that the accused could hamper the investigation if released on […]

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