News

Gurugram: Tribeca and its founder booked for ‘cheating’ former CEO

GURUGRAM: A real estate firm, which launched Trump Towers in Gurgaon and Kolkata, and its founder-director have been booked for allegedly duping its former CEO of Rs 7.5 crore, on the orders of a city court. The firm’s management is accused of inducing IIM-Calcutta alumnus Manish Jaiswal to join them by promising buyback of equity […]

Sebi not to auction property in PVP Global Ventures case after court order

NEW DELHI: Sebi on Friday said the proposed property auction on May 12 to recover dues in the matter of PVP Global Ventures will not be conducted following a Telangana High Court order. The markets regulator in a notice on April 19 announced that a property of PVP Global Ventures at a reserve price of […]

LafargeHolcim and IIT Hyderabad to evaluate strength of concrete structure

NEW DELHI: LafargeHolcim has partnered up with the Indian Institute of Technology Hyderabad (IITH) to collaborate on the development of innovative and smart building solutions. This study will explore smart sensing technology for continuous on-site strength evaluation of a concrete structure that can eventually reduce the time cycle for construction of buildings and infrastructure and […]

Delhi, Bengaluru & Mumbai witness dip in prime residential prices in Q1 2021: Report

NEW DELHI: Bengaluru has slipped four positions to rank 40th globally in annual price appreciation of luxury residential properties, according to real estate consultant Knight Frank. In its ‘Prime Global Cities Index Q1 2021’ report, Knight Frank mentioned that New Delhi and Mumbai, too, slipped one spot each to rank at 32nd and 36th, respectively. […]

NAREDCO urge builders to set up isolation facilities for construction workers

NOIDA: Developers of all real estate projects in the twin cities and Yamuna Expressway region have been asked to create isolation facilities for Covid-affected workers at their construction sites, builders’ body Naredco said on Thursday. While over 25% migrant workers have left the district for their hometowns, there are still around a lakh people working […]

Google to move to hybrid workplace model: Sundar Pichai

NEW DELHI: Google will move to a hybrid work week, where most Googlers spend approximately three days in the office and two days “wherever they work best”, according to a note by Google and Alphabet CEO Sundar Pichai. About 20 per cent of Google’s workforce will continue to work remotely after its offices reopen later […]

Office space provider Workspace sees occupancy level returning this fiscal year

Office space provider Workspace Group said on Thursday it expects a recovery in occupancy levels in the current financial year as coronavirus-related restrictions ease in the UK and financial capital London opens up for business. Office space providers are gradually recovering after work-from-home policies and the economic fallout from the pandemic hurt their margins as […]

Noida: IRP to seek 30-day extension from SC for Jaypee Wish Town proposals

NOIDA: The interim resolution professional (IRP) holding charge of Jaypee Infratech Limited (JIL) has decided to seek an extension of 30 days beyond the 45 days given by the Supreme Court to the National Company Law Tribunal (NCLT) to select a construction company that will complete 19,500 much-delayed flats at Jaypee’s Wish Town project. In […]

Godrej Properties takes five-day break to allow employees ‘recuperate emotionally’

Realty developer Godrej Properties has provided its employees a five-day complete break from office work including the upcoming weekend to allow its teams to “recuperate emotionally” in the backdrop of the ongoing pandemic. The Godrej Group company is “taking a pause to heal” starting Wednesday until Monday, May 10 and has also informed customers and […]

CCI rejects complaints against GNIDA, Noida authority filed by Credai & Supertech

NEW DELHI: Fair trade watchdog CCI has rejected complaints of abuse of dominant positions made against Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA). While passing the order in this regard, the Competition Commission of India (CCI) said it hopes that GNIDA and NOIDA authorities would consider the issues raised […]

Punjab CM launches online portal for property-related services

CHANDIGARH: Punjab Chief Minister Captain Amarinder Singh on Wednesday virtually launched an online citizen portal to provide all property-related services in a seamless manner. According to an official press release, this has been done to boost efficiencies in the functioning of all Urban Development authorities across the state. Lauding the people-friendly initiative of the Punjab […]

Builders seek support from RBI to deal with second wave of covid

NEW DELHI: Builders have urged that the Reserve Bank of India (RBI) considers allowing loan restructuring, interest moratorium, and additional liquidity support for the real estate sector. This comes after RBI Governor Shaktikanta Das on Wednesday announced covid relief measures for small businesses, individuals and MSMEs. CREDAI urged and expected that similar measures which shall […]

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