NEW DELHI: Jaypee homebuyers once again seem to be in limbo as on May 24 the Committee of Creditors (COC) have decided to defer the voting process on Suraksha group’s bid whereas State-owned NBCC’s bid was rejected too for being non-compliant despite its assurance that, the bid it made was fully compliant as per the […]
Avigna Industrial & Logistics Park has leased one million sq ft space of industrial warehouse at Hosur Park in Tamil Nadu to three different companies, Abhijit Verma, Executive Director & CEO at Avigna Group said. The company has handed over 58,000 sq ft to the multinational manufacturer of home appliances, Whirlpool, marking Avigna’s first venture […]
NEW DELHI: The Union Cabinet on Wednesday was apprised of the Memorandum of Understanding (MoU) signed in February this year between India and Maldives on cooperation in sustainable urban development. According to the official release, a Joint Working Group (JWG) will be constituted to strategise and implement programmes on cooperation under the framework of the […]
NEW DELHI: The Union Cabinet on Wednesday approved the Model Tenancy Act, a move that will help overhaul the legal framework with respect to rental housing across the country. In a statement, the government said that it is expected to give a fillip to private participation in rental housing as a business model for addressing […]
NEW DELHI: Mortgage player Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal. The housing finance company promoted by NBFC firm Capital India Finance Limited (CIFL) had a loan book of about Rs 135 crore in the financial year ended March 31, […]
NEW DELHI: With several states started easing COVID-19 related restrictions, the employment-intensive construction industry should witness resumption in operations by the middle of June, though at a curtailed level, industry chamber Assocham said on Tuesday. The chamber said it would take about two weeks for the contractors to put together again the material and manpower […]
BENGALURU | HONG KONG: A consortium led by private-equity firm KKR and investment firm TIGA Investments will buy office space provider The Executive Centre (TEC), the companies said in a statement on Tuesday. “As part of the transaction, funds advised by HPEF Capital Partners and CVC Capital Partners will exit their investments in the company […]
CHANDIGARH: Giving relief to those owning houses and shops of municipality on lease or rent for 20 years in Haryana, Chief Minister Manohar Lal Khattar on Sunday announced ownership rights for them. For the execution of the property, a policy has been framed under which the tenant will have to pay less than the present […]
NEW DELHI: Delhi Development Authority (DDA) is likely to put the Master Plan for Delhi (MPD) 2041 in the public domain next month. According to sources, the plan aims to make the capital ‘future-ready’. The draft plan was given a preliminary approval in a meeting chaired by lieutenant governor Anil Baijal on April 13. Sources […]
GURUGRAM: The state government has withdrawn the proposal to levy cess on property tax and on sale of new vehicles as a revenue generation source for the Gurugram Metropolitan Development Authority (GMDA). This decision was finalised last month, said GMDA officials as per directions from the state government. According to the officials, in view of […]
GURUGRAM: The Municipal Corporation of Gurgaon (MCG) has decided to extend the deadline set for DLF to complete the pending civic infrastructure work in DLF-1, 2 and 3 for their handover to the corporation. “The deadline will be extended since there is shortage of manpower. No work was done in the last two months due […]
NEW DELHI: Retail mall developer Phoenix Mills and Canada Pension Plan Investment Board (CPP Investments) on Saturday said they have agreed to form a joint venture to develop a regional retail centre in Alipore, Kolkata. CPP Investments will invest approximately Rs 560 crore in the JV – – Mindstone Mall Developers Pvt Ltd — in […]
