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Adani Group to acquire 46.64% stake in ITD Cementation India for Rs 5,888 crore, – Homevior

Representative image The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current market value, a successful deal would be pegged at 5,888.57 crore ($700 million), inclusive of a fully subscribed …

Adani Group to acquire 46.64% stake in ITD Cementation India for Rs 5,888 crore, – Homevior Read More »

Goa CM directs TCP minister to scrap Bhutani Infra’s project if permissions not in order, – Homevior

Representative image PANAJI: CM Pramod Sawant on Thursday directed the town and country planning (TCP) minister Vishwajit Rane to scrap the Bhutani project at Sancoale if the different permissions given to the project are not proper. Sawant said that he will suggest to TCP that all files related to permissions for mega projects should come …

Goa CM directs TCP minister to scrap Bhutani Infra’s project if permissions not in order, – Homevior Read More »

Housing Board Allows Amalgmation Of Adjacent Plots If Owner Is Same, – Homevior

File photo LUCKNOW: In a crucial move that will benefit property owners, Uttar Pradesh Housing and Development Board (Avas Vikas Parishad) on Wednesday announced that it will allow amalgamation of adjacent plots if the properties are owned by the same person or immediate kin. While for residential properties, joining two plots into a single unit …

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NGT issues notice to Centre, Delhi LG over DDA’s Kusumpur Pahadi rehabilitation scheme, – Homevior

Representative image NEW DELHI: The National Green Tribunal (NGT) has sought a response from the Centre, Delhi’s lieutenant governor and others on a plea alleging environmental degradation because of the Delhi Development Authority’s (DDAs) proposed slum rehabilitation scheme in Kusumpur Pahadi. According to the scheme, 2,800 dwelling units are to be constructed over 18.96 acres …

NGT issues notice to Centre, Delhi LG over DDA’s Kusumpur Pahadi rehabilitation scheme, – Homevior Read More »

Bengaluru development body sets development fee for buildings in Shivaram Karanth layout, – Homevior

Representative image The Bangalore Development Authority (BDA) has introduced a development fee for residential and commercial buildings that have already been constructed in the Shivarama Karanth Layout. Property owners are required to pay this fee before obtaining property records. The fee is based on the difference between the 2018 residential plot value set by the …

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Morgan Stanley leases 1.1 million sq ft office space in Mumbai’s Goregaon, – Homevior

Representative image In the biggest commercial real estate lease transactions ever, global financial services major Morgan Stanley has concluded a deal for office space spread over 1.1 million sq ft in Mumbai’s Goregaon suburb entailing total rental payout of more than Rs 2,122 crore over nearly a decade. The company has leased the space spread …

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Karnataka RERA faces criticism for poor enforcement in state, , – Homevior

Representative image Despite the Real Estate (Regulation and Development) Act (RERA) being in force in Karnataka for over seven and a half years, concerns about its ineffective implementation are growing louder by the day. Sources said that this situation is highlighting the ineffectiveness of K-RERA in Karnataka. Organisations striving for proper enforcement of RERA are …

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NGT seeks response on alleged environmental violations in Jaypee Wishtown, – Homevior

Representative image NEW DELHI: The National Green Tribunal (NGT) has sought the responses of the Centre, the forest and environment department of the Uttar Pradesh government and others on a plea alleging environmental violations by a realtor in Noida. The green body was hearing a petition filed by the residents of Jaypee Wishtown in Gautam …

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