Challenging SEBI norms PACL realty cheating investors
After Sahara Group firms, another real estate company PACL seems to have violated SEBI regulations.
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Minister blames real estate, industry for degrading wetlands
Wetlands are under severe threat from the real estate lobby and industry as they are easy to lease out, Environment Minister Jairam Ramesh said in Ahmedabad on Wednesday.
BBMP threatens defamation against CREDAI
The Bruhat Bangalore Mahanagara Palike has plans of filing a defamation suit against CREDAI, which levelled allegations that bribes are being demanded by corporators.
Protest leads BBMP to review building plans
Stung by the allegations of harassment by CREDAI, the BBMP corporators on Tuesday held an emergency meeting and decided to review the projects approved during the two-and-half-year bureaucratic rule.
Mantri sues BBMP for Rs 10 crore
The owners of the Mantri Mall have sued the BBMP for Rs 10 crore for ”illegal” demolition of the ramp of the mall and the consequent problems it had caused.
Alexandria wins bid to build Bangalore’s biotech park
The Karnataka government has announced that Bangalore Helix, the much-awaited biotechnology park, has been awarded to Alexandria Real Estate, the highest bidder.
Gujarat govt files caveat over new jantri rates
The Gujarat Government is determined to back its new jantri rates – or government assessment of the value of properties which have come into effect from April 1. There rates have been increased from 2.5 to eight times across the state.
CAG raps IT over tax claim on Hasan Ali
The Comptroller and Auditor General (CAG) said in a report released on Friday that the Income-Tax Department (I-T) understated claims on Pune-based businessman Hasan Ali.
Infrastructure in India – The PPP model
Infrastructure plays key role in economic development of the country and, in India, it has being increasingly recognized that Infrastructure development is inevitable for a sustained high growth rate in GDP. It has been recognized that there is a significant deficit in the availability of physical infrastructure across different sectors in the country, hindering economic development.
Scaling up the liberty of choice
With the reasonable expectation of a roof over the head not very long ago, the real estate boom in the last decade has scaled up the liberty of choice for the average home buyers. While the aspirations of even the middle and lower middle income with moderate budgets have gone up, there are very many residential projects launched in recent times that seem to fill the gap with the promise of faster deliveries, hi-tech amenities, luxurious lifestyle, lush green surroundings within the affordable range of 20-40 lakhs.