NEW DELHI: Delhi Deputy Chief Minister Manish Sisodia on Thursday said that the registration of construction workers for government schemes will be done through door-step delivery. The door-step delivery service has started today on ‘1076’ helpline, aiming that no construction worker will have to stand in long queues at government offices. “It has now been […]
MUMBAI: Fidelity Investments, the American multinational financial services major, has renewed a lease for 3 lakh sq ft office space for its headquarters at twice the rentals being paid currently, said two persons with direct knowledge of the development. The company has inked the deal with Xander Investment Management, the owner of the commercial office […]
Markets regulator Sebi on Thursday imposed Rs 7 lakh fine on Raymond Ltd for not obtaining approval for certain related party transactions involving the lease of JK House. Raymond violated provisions of Listing Obligations and Disclosure Requirements (LODR) Regulations, Sebi said in an order. Considering the stature of the firm, Sebi said it is expected […]
NEW DELHI: CRISIL Research estimates overall primary sales to witness a decline of 40-50% in top 10 cities in 2020. Developers in southern India have performed better than the rest of the country as these have a larger share of branded developers. The decline in the fiscal first half for the top seven listed developers […]
NEW DELHI: In a step towards bettering India’s ranking on World Bank’s Ease of Doing Business index, the government has decided to link property registration with the National Judicial Data Grid (NJDG). This will not only bring more transparency in land-related disputes but also help in fast-tracking commercial cases. “In pursuance of the cabinet secretary’s […]
NEW DELHI: US-based Varde Partners is in talks with New Vernon Capital to acquire two commercial buildings in Gurugram and Noida, three persons with direct knowledge of the deal said. The deal is expected to be worth more than Rs 1,000 crore, with the complex in Gurugram’s Udyog Vihar costing Rs 600-700 crore. The buildings […]
India’s macroeconomic troubles are attracting a new wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. Some global heavyweights like Apollo Global Management Inc. and Oaktree Capital Group have either struck recent India deals or scaled up their teams in the country in […]
NEW DELHI: With Delhi government recommending to the Centre to temporarily close a few prominent markets in the city due to the surge in Covid cases, traders are worried about facing huge losses in the coming days. Voicing apprehension, traders have asked the local administration to look for alternative ways to reduce crowds rather than […]
New Delhi: Reiterating that the interim order of the Singapore International Arbitration Centre (SIAC) was not binding and enforceable in India, lawyers for Future Group on Thursday argued in the Delhi High Court that Future Retail does not have any contractual rights with Amazon, hence does not need to seek permission from the US giant […]
NEW DELHI: Despite a large number of owners of buildings with illegal constructions being booked by North Delhi Municipal Corporation, only 20% have witnessed some demolition action, allegedly owing to the lethargy and dodgy attitude of the building department officials. An internal report of the civic body showed that out of 1,357 builders caught for […]
After a pause due to the countrywide lockdown, the National Anti-profiteering Authority (NAA) has renewed cracking the whip on property builders for not lowering home prices to pass on tax benefits following the rollout of goods and services tax (GST) in 2017.So far this month, the profiteering regulator has ordered two developers to cut prices […]
NEW DELHI: The Delhi government will undertake construction of 89,400 flats for economically weaker sections and slum dwellers by 2025, according to a statement. The decision was taken in a meeting of the Delhi Urban Shelter Improvement Board (DUSIB) on Friday and it was attended by Chief Minister Arvind Kejriwal. “We have to provide shelter […]
