In a strategic move for the upcoming West Bengal elections, the BJP has announced its first candidate list, highlighted by Suvendu Adhikari challenging Mamata Banerjee in both Nandigram and Bhabanipur.
As the Union Budget 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through Pradhan Mantri Awas Yojna (PMAY), single-window clearance and eco-friendly policies, among others. Industry leaders and consultancy firms, including Anarock, Raheja, Gaurs, Kanodia Group, Reach, Urban Space, Justo and Eros Group, have shared their expectations.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
A team of experts involved in rescuing eight people trapped in a partially collapsed tunnel in Telangana have reached the end of the tunnel, but debris is hindering further progress. The rescue operation, described as one of the most complex in the world, continues with experts from the Indian Army, Navy, NDRF, and GSI working tirelessly to find a breakthrough. Despite continuous efforts and oxygen pumping, there has been no contact with the trapped individuals.
The Indian Grand Prix trophy was unveiled at Buddh International Circuit on Friday.
F1 bosses have struck a mega-deal with an Indian company to construct the race track in Greater Noida.
Realty major DLF's chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a wealth of Rs 59,030 crore, according to GROHE-HURUN India. With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Mumbai-based Macrotech Developers (Lodha Group) is at the second position. Arjun Menda & family of Bengaluru-based RMZ Corp debuted at the third position on the list, with a wealth of Rs 37,000 crore.
The Delhi Police filed an 800-page chargesheet against the seven accused on April 1 and the case was subsequently committed to a sessions court.
Housing sales are likely to be hit, especially in affordable and mid-income categories, following the RBI's decision to hike repo rate, according to real estate developers and consultants. However, the impact of RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent is expected to be for a short term, they added. This is the third consecutive rate hike after a 40 basis points and 50 basis points increase in May and June, respectively.
About 25-30% of total units launched are unsold across country.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
In a major reshuffle in Rajasthan, 32 Indian Police Service officers including Inspector General (IG) and Superintendent of Police (SP) of Udaipur, where a tailor was brutally killed, have been transferred, according to the state department of personnel.
The deal, part of the Jaypee Group's plan to cut Rs 60,000-crore debt, follows months of negotiations.
Currently, there's a shortfall of 23 million houses in India.
They sought further cut in interest rates as well as reforms.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
The new law would boost home buyer confidence as well as investment in the realty sector.
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
District authorities categorically denied having imposed any "ban" on the controversial film Aligarh, based on the life of a gay AMU professor.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The Aam Aadmi Party on Thursday released its first list of 22 candidates fielding former ministers Somnath Bharti, Saurabh Bhardwaj, Satyendra Jain and Girish Soni in the Delhi Assembly elections, the dates of which are yet to be announced.
"Get instruction why such exemption (women and two-wheelers) is necessary," a bench of justices Hima Kohli and Sunil Gaur said.
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