GURUGRAM: Amid spike in Covid-19 cases in Gurugram, the district administration has allowed upscale condominiums, gated housing societies and NGOs to set up small Covid care centres while using their own resources. Deputy Commissioner Yash Garg, said in his order: “Requests have been received from gated housing societies to set up small Covid-19 care facilities […]
NEW DELHI: Embassy Office Parks REIT reported a dip of 19% in its net consolidated profit during January-March 2021. Its profit after tax (PAT) stood at Rs 46.70 crore in Q4 FY21 as against Rs 57.80 crore it recorded in the similar quarter last year, the company said in a BSE filing. The company’s net […]
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 […]
CHANDIGARH: The Haryana Real Estate Regulatory Authority on Tuesday said it has issued regulations for the sale of an apartment or a building in any real estate project on carpet area basis regulations only. The Gurugram-based regulator warned that penal proceedings would be initiated against the promoter or the real estate agent violating the instructions. […]
The country’s largest lender, State Bank of India (SBI), announced on Saturday that it has reduced its home loan interest rates. Home loan interest rates will start from 6.7% onwards, with effect from May 1, 2021. According to a press release issued by the bank, home loan interest rates will start from 6.7% for loans […]
NEW DELHI: Cement maker Dalmia Bharat Ltd on Friday reported a sharp uptick in consolidated profit at Rs 640 crore for the fourth quarter ended March 31, 2021, on account of higher revenue from operations and tax credit. Dalmia Bharat had reported a profit of Rs 24 crore in the corresponding period a year ago. […]
NEW DELHI: The retail real estate sector, which had recently begun showing some signs of recovery after being hit hard by the first wave of the Covid-19 pandemic, is once again facing considerable challenges on the back of the rapidly spreading second wave, with rising Covid cases leading to increased restrictions and economic uncertainties. After […]
NEW DELHI: State-owned NBCC Ltd has sweetened its bid and will offer up to 1,903 acre land parcels to lenders as against the earlier offer of 1,526 acres to acquire Jaypee Infratech through the insolvency process. Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency […]
GURUGRAM: The RWAs of 24 condominiums and residential colonies in the city on Thursday wrote a joint letter to the deputy commissioner seeking guidelines to convert their club houses and community centres into Covid-relief facilities. This comes a day after the RWAs held an online meeting with the deputy commissioner to discuss the hardships people […]
Most Indian corporates expect the ongoing pandemic to influence the direction of their real estate strategy over the next 3 years and increase in quantum of their real estate space requirement, showed a Knight Frank global survey. According to this survey of 400 global firms employing 10 million people reveals occupiers are looking at offices […]
NEW DELHI: PNB Housing Finance on Tuesday reported a consolidated net profit of Rs 127 crore for the last quarter of fiscal ended March 2021. The company had posted a net loss of Rs 242 crore in same quarter a year ago. Sequentially, the profit was down from Rs 232.40 crore in Q3 FY21. Total […]
BENGALURU: Office rental firm IWG Plc on Tuesday said it has witnessed “unprecedented demand” for its flexible work products, suitable for a combination of office and remote work that has become the norm during the COVID-19 pandemic. The pandemic has reshaped the office space sector as employers opt for shorter leases and more employees work […]
