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EOW arrests Kamal Mills’ owner in fraud case, , – Homevior

Representative Image MUMBAI: Mumbai Police’s Economic Offences Wing (EOW) on Tuesday arrested Kamala Mills owner and real estate developer Ramesh Govani in connection with a Rs 67.50 crore fraud case, an official said. Govani, who also serves as a director of a private land development company, allegedly purchased a project in the Khardanda area in …

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China’s finance ministry dials up scrutiny for audit firms after Evergrande probe: Sources, – Homevior

Representative Image HONG KONG: China’s Ministry of Finance is conducting more rigorous checks of work done by the Big Four auditing firms for local companies, three people with knowledge of the matter said, amid concerns auditors are not doing enough to uncover corporate wrongdoing. The tighter scrutiny, which has not been previously reported, is mainly …

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Tata Realty plans to triple its office space portfolio in seven years, – Homevior

Representative Image Tata Realty & Infrastructure Ltd (TRIL), a subsidiary of Tata Sons, plans to augment its office space portfolio to 30 million sq ft over the next seven years from the current 10 million backed by expansions in Mumbai, Bengaluru, Pune, and NCR, Sanjay Dutt, managing director and chief executive told ET. Since most …

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New MoD Clause Sparks Controversy in Himachal Pradesh Cantonments, – Homevior

File Photo KULLU: A new clause that allows the Army to retain control of land even after the excision of civil areas from cantonment boards has sparked off a fresh controversy with cantonment residents threatening to launch a fresh agitation in Himachal Pradesh. As per the new clause — added recently by the Union ministry …

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Sand prices surge in Rajasthan due to excavation ban and expired leases, – Homevior

Representative Image JAIPUR: The ban on river sand excavation during monsoon, expiry of most leases, and restrictions imposed on weighbridges by the mining department have led to a rise in illegal mining and skyrocketing prices in the state. According to the ministry of environment and forests (MoEF) guidelines, leaseholders can’t excavate sand from the river. …

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Delhi HC issues notice to Brilliant Etoile on Yuvraj Singh’s pleas to appoint arbitrator, – Homevior

Representative Image NEW DELHI: The Delhi High Court on Tuesday issued notice to a real estate firm on pleas by former India cricketer Yuvraj Singh seeking invocation of arbitration laws over alleged violation of his privacy rights in promotion of construction projects and for delayed delivery of a dwelling unit to him in the national …

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Infrastructure and Funding Worries for Hyderabad Residents, – Homevior

Representative Image HYDERABAD: While welcoming the merger of Secunderabad Cantonment’s civilian areas with GHMC, residents say that certain revisions in the modalities has left them apprehensive. Their key concerns: split in authority over infrastructure permissions and inadequate funds. They are also worried about certain roads being closed again. In its communication on Jan 4, 2023, …

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Samsung R&D Institute-Bangalore renews office lease for five years, – Homevior

Representative Image BENGALURU: Samsung Research and Development Institute India-Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers for a duration of five years. The lease, which started in June this year, includes a lock-in period until April 2027. According to a lease renewal deed shared by …

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Bengaluru civic body collects just Rs 463 crore property tax through OTS, – Homevior

BENGALURU: The BBMP’s initiative to boost revenue through the ‘One Time Settlement’ (OTS) aimed at recovering unpaid taxes has received a tepid response. As the deadline of July 31 approaches, the civic authority has managed to collect Rs 463.03 crore, leaving Rs 624.88 crore still outstanding. According to the data, BBMP officials have successfully collected …

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