India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
The about 60-pages prosecution complaint was filed by the federal agency before a special Prevention of Money Laundering Act court in Delhi on May 24.
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
One of the most important cases which have political implications is the Ayodhya land dispute case.
'This government is so fond of some corporate friends that they can always amend existing laws or make new laws.'
A magnificent Krishna Janambhoomi temple in Mathura was a recurrent theme for the ruling BJP in the run-up to the assembly polls, reports Nitin Kumar.
Start-ups don't care that mad-money funding comes to a hard stop after an IPO, observes Debashis Basu. As a listed entity, corporate actions have to take the interests of all shareholders, especially minority shareholders, into account. So far, we are not seeing any sign of it, observes Debashis Basu.
The 27-year-old former deputy chief minister of Bihar appeared before the agency after evading three notices for questioning in connection with the case, CBI sources said.
Trivendra Singh Rawat on Tuesday resigned as the Chief Minister of Uttarakhand, ending days of speculations of a change in leadership in the hill state.
Most of the portion of the Nano car shed has been razed to the ground. Only a small structure is left which will also be demolished in next few days
Gen Bipin Rawat's appointment, first as army chief superseding two other army commanders, and then as CDS, was the consequence of his close personal rapport with National Security Advisor Ajit Doval. Now, with General Rawat gone and nobody named to replace him as CDS, it is evident that no other top military officer enjoys that relationship with Doval, observes Ajai Shukla.
Reit as an investment vehicle has a huge opportunity as the country has a rent-yielding office inventory of 537 million square feet valued in excess of $70 billion.
The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.
Families with tax-paying members, government employees, professionals, among those who have been exempted from the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
'The US will not want to tangle with China landwards.' 'Nor will the US confront the Chinese navy seawards on India's account.'
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.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The ambitious project by Bengal Aerotropolis Projects Limited to set up India's first airport-cum-metropolis has developed fault-lines that typically inflict major infrastructure projects in the country.
During his 37 year rule, the nation's lush fields became wastelands, disease and hunger became rampant and the economy registered a negative growth of six per cent.
The Kalrock-Jalan consortium - new owners of Jet Airways - has got an assurance from around 30 airports that if the airline restarts operations, 170 pairs of slots can be made available. However, whether those slots will be according to the airline's demand will depend on the order of the insolvency court, which is slated to come next week. Sources said the new management feels it is extremely important that some of those slots are restored or else its business plan of operating Jet as a premium carrier will not be viable.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Former city collector Pradeep Vyas on Saturday told the judicial panel probing the Adarsh Housing Society scam that the corrigendum issued by Maharashtra government on the ownership and possession of the land on which the society stands, was "factually incorrect". He also conceded that the land was in defence ministry's possession then, contrary to the corrigendum.
A year after an inquiry commission was set up to probe the scam-tainted Adarsh Housing Society, the Maharashtra government has sought an interim report from the panel. The state government has filed an application before the two-member inquiry commission, seeking an interim report on two of the 13 issues being looked into by the judicial panel.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Former Maharashtra chief minister Sushil Kumar Shinde had issued directions to submit in 2003 a proposal regarding ownership of the land where the controversial Adarsh Housing Society stands, despite knowing that there was a park constructed by the Army there, City Collector Chandrashekhar Oak told a judicial panel on Wednesday. "A letter was sent by the then collector on August 26, 2003 regarding the allotment of land of Khukri Park to Adarsh Society," Oak said.
'Hindus have fought for almost 500 years for the land and today our dream has been realised.'
Here is a timeline of the second-lengthiest case in the apex court history:
BMW is over-capitalised and is awash with cash and it could quickly lower JLR's investment costs and raise margins by leveraging its own platforms, powertrains, purchasing scale and quality control.
The fear of labour militancy will lead to further industrial flight, but Singur's electoral power came from farmers' rights.
The law will be applicable not only to crops but also livestock, dairy and poultry products
There is a clamour for changing land-use from agriculture to commercial, residential or industrial.
Sukhdev Mahato has 2 acres in the 450-acre private land, which will be acquired for JSW Bengal Steel's 10 million tonne project. And Mahato feels blessed.
Ramesh released some fresh documents including one of 1949 which showed that the Dholpur Palace was owned by the Rajasthan government.
'The new trains should be fast, but the roll-out of the privatisation plan should be slow and well-considered,' recommends T N Ninan.
The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
Two ancient havelis bought by former IPL commissioner Lalit Modi and his wife Minal's company at Amer, the old capital of Jaipur's Kacchawa rulers, are now in possession of the state government with signages of the archaeology department stating that the property belongs to the state government.
There is much more to the September 24 Ayodhya verdict than just the settlement of 'who owns the disputed land' issue.
The much-awaited verdict on the title suit of the disputed site at Ayodhya will be pronounced on September 24 by the Lucknow bench of the Allahabad high court.The long pending case is about the ownership of the Ayodhya land to which Hindus and Muslims had been making rival claims over the past one and a quarter century.While Hindus claimed the land to be the site of the birthplace of their most revered Lord Ram, Muslims asserted their right over the same.
