NEWS FEED


Chennai: FSI for commercial buildings increased from 1.5 to 2.0

​​This would result in substantial jump in the FSI of commercial properties on 60 feet road from 2.8 to 4.87 including the premium FSI, given that it adheres to the other development regulations of the Chennai Metropolitan Development Authority (CMDA).

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Sobha plans to launch mid-income homes by fiscal-end

​​It also plans to launch more commercial projects. Mid-income homes from the Bengaluru-based company will be priced upwards of Rs 35 lakh and marketed under a new brand, Sobha Dream.

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UP-RERA team reviews 7,000 delayed flats in Greater Noida

The officials said the exercise would continue to monitor the progress of projects and ensure that those running behind schedule are expedited.

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Realty among top three focus areas for Tata Group

The company currently has 53 projects under construction with nearly 10 m sq ft space, including one of the largest Information Technology Special Economic Zone (ITSEZ) — Ramanujan IT City in Chennai.

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Jindal plans Rs 4,500-crore IPO for JSW Cement in 2020

JSW Cement is on an aggressive expansion plan to take annual installed capacity to 20 million tonne by 2020 from the present 12.8 mt, which will reach 14 mt by March 2019.

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UP-RERA tells six builders to hand over 4,220 pending flats by Dec 19

The bench passed the order during a review of pending deliveries of six builders and held them accountable for the delay. Officials of Greater Noida Industrial Development Authority were also present.

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No tax benefit on house sale if new flat is in wife's name: ITAT

​​The sole reason for the denial was that the taxpayer bought the new house in his wife and adult daughter's names.

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Mumbai: Plots attached as 'benami', Shapoorji Pallonji goes to court

The company said the properties were purchased with its money by its land aggregator, Nilesh Thakur, appointed in 2007. Nilesh is the brother of Nitish Thakur

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SC asks forensic auditors to examine trail of Rs 3,000 crore diverted by Amrapali

​​​Amrapali Group CMD Anil Sharma, directors Shiv Priya and Ajay Kumar returned to the court a total amount of Rs 1.55 crore of home buyers money "lying" with them.

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DLF defers 17.3-crore-share QIP issue; Group CFO resigns

On Wednesday, the company’s board decided to seek shareholders’ re-approval for the proposed issue as the current approval is valid till December 26.

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Phoenix Mills transfers Insight Mall Developers equity to Island Star Mall Developers

Insight Mall Developers now a step-down subsidiary of Phoenix Mills

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Large offices in demand in 2018 with growth in business confidence

​​The optimism in Indian economy has gained further momentum with the year closing on a cheerful note. The cherry on the top has been India’s jump of 23 spots in the World Bank’s Ease of Doing Business index to Rank 77th.

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Submission deadline nears but Karnataka RERA gets poor response from builders

Sources said the RERA portal had received information on only 25% of the registered 2,200 projects till Tuesday evening. Builders, on the other hand, blame technical glitches on the website for delay or non-compliance.

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