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Author Archives: piyush
Five new Metro junctions by Sep
Long-distance Metro commuters have reasons to cheer. Come September, trav- elling by the Metro on many important routes may become less time-consuming. DMRC is expanding its inter- change station network. It will add as many as five interchange metro stations … Continue reading
Bohris’ Rs 1,500-cr Bhendi Bazaar redevelopment plan nixed
The ambitious Rs 1,500 crore proposal to redevelop Bhendi Bazaar through the state’s cluster redevelopment policy has been rejected by the BMC’s high-power committee. Of the 34 proposals submitted for approval, the committee rejected nine. Civic officials said these proposals … Continue reading
Rajiv Gandhi Chandigarh Technology Park, Report on land deals demanded
The UT Administration will have to sub- mit a report on land acquisi- tion to the Ministry of Home Affairs (MHA). The MHA commission investigating irregularities has sent a questionnaire to the Chandigarh Administration for collecting all details of land … Continue reading
Delay in completion of Sukhdev Enclave
The completion of multistorey residential complex – Sukhdev Enclave – on Hambran Road here has been delayed. Enquiries conducted by Hindustan Times reveal that a couple of points were not taken into consideration at the time of signing contract with … Continue reading
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Twin-city project goes down the drain
A proposal to connect two great centres of ancient cultures of the world has died prematurely. Nine years ago, a proposal came from Italy regarding the sister-city scheme for Varanasi and Venice. The regional office of UP Tourism was assigned … Continue reading
LIC talks reverse mortgage foray
The country’s largest insurer, Life Insurance Corporation (LIC), plans to enter the reverse mortgage space. LIC is in initial discussion with the housing finance regulator, National Housing Bank (NHB), for introducing this scheme to its clients, a senior official in … Continue reading
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RBI Asks Real Estate Companies to Restructure Deals with Foreign Investors
About a dozen companies, mostly in the real estate sector, have been told by the Reserve Bank of India (RBI) to restructure the deals they have cut with foreign investors. These local firms have recently brought in foreign direct investment … Continue reading
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Circle rates for properties raised in Delhi
The circle rate is the minimum price at which properties can be bought and sold in an area. It was introduced after the government realised that property transactions were being grossly undervalued in sale documents to reduce the quantum of … Continue reading
Builder fined Rs 20 lakh for delay Possession
In an order that will cheer property buyers, the Maharashtra State Consumer Commission recently directed a developer to shell out Rs 20 lakh at the rate of Rs 2,000 a day for a delay in giving possession of a shop … Continue reading
Wadala, the new BKC
Watch this story on IBN Lokmat at 6pm&10pmtoday Inthe 1890s, Wadala, with its large tracts of open land and sprawl- ing greenery,was chosen by the British as the next growth centreofBombay (as it wasknown then). With the citythen reeling from … Continue reading
