News for 'property development'

'Withdrew PF. Zero Savings. How To Rebuild My Life?'

'Withdrew PF. Zero Savings. How To Rebuild My Life?'

Rediff.com24 Apr 2025

Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.

Jammu, parts of south Kashmir go dark after blasts, sirens sounded

Jammu, parts of south Kashmir go dark after blasts, sirens sounded

Rediff.com10 May 2025

Drones were sighted and explosions were heard in Jammu and Kashmir on Friday, a day after India thwarted attempts by the Pakistan military to attack Indian military installations using drones and missiles. The drones were also engaged in Udhampur and Nagrota of Jammu and Punjab. Heavy cross-border shelling started along the International Border in Suchetgarh and Ramgarh sectors of Jammu and Samba districts. Chief Minister Omar Abdullah appealed to residents to stay indoors and ignore rumors.

'State Banks Must Take Affordable Housing Seriously'

'State Banks Must Take Affordable Housing Seriously'

Rediff.com25 Apr 2025

'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'

Karnataka HC stays ED notice to Siddaramaiah's wife

Karnataka HC stays ED notice to Siddaramaiah's wife

Rediff.com27 Jan 2025

The Karnataka high court on Monday stayed the notice issued by the Enforcement Directorate (ED) to Chief Minister Siddaramaiah's wife Parvathi B M and the state Urban Development Minister Byrathi Suresh to appear for questioning in connection with the Mysore Urban Development Authority (MUDA) land allotment scam.

Lodha vs Lodha: Latest twist in the family feud

Lodha vs Lodha: Latest twist in the family feud

Rediff.com2 Apr 2025

In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.

SC judges make assets public, CJI owns 2015 Maruti Swift

SC judges make assets public, CJI owns 2015 Maruti Swift

Rediff.com6 May 2025

The Supreme Court of India has made public the asset details of its judges, including Chief Justice Sanjiv Khanna who has Rs 55.75 lakh in a fixed deposit, a three-bedroom DDA flat in south Delhi, and a four-bedroom apartment measuring 2,446 square feet in the Commonwealth Games Village. The court has also uploaded the complete process of appointments to the high courts and the Supreme Court on its website for public awareness.

India responds to Pak claim of destroying India's S-400

India responds to Pak claim of destroying India's S-400

Rediff.com10 May 2025

The Indian and Pakistani militaries targeted each other's installations using missiles in the last over 12 hours, further escalating the already tense conflict situation.

Amid PM Modi's retirement claim, Yogi opens up on future

Amid PM Modi's retirement claim, Yogi opens up on future

Rediff.com1 Apr 2025

Uttar Pradesh Chief Minister Yogi Adityanath, known for his hardline Hindutva views and 'bulldozer justice' approach, has spoken out about his policies toward Muslims, the Waqf board, and his vision for India. He asserts that Muslims will receive a fair share of development in Uttar Pradesh, but not special concessions. He also criticizes the Waqf board for its alleged appropriation of government properties and calls for its reform. Adityanath defends his 'bulldozer justice' policy, claiming it is necessary for infrastructure development and removal of encroachments. He also discusses his vision for India, emphasizing the importance of Hindi as a national language and the need for unity across different linguistic groups.

Adani Group to redevelop Mumbai's Motilal Nagar

Adani Group to redevelop Mumbai's Motilal Nagar

Rediff.com12 Mar 2025

Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.

Adani wins Rs 36,000-cr Mumbai project

Adani wins Rs 36,000-cr Mumbai project

Rediff.com12 Mar 2025

After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).

ED nabs Cong ex-MLA in Rs 500 cr scam after midnight brawl at Delhi hotel

ED nabs Cong ex-MLA in Rs 500 cr scam after midnight brawl at Delhi hotel

Rediff.com5 May 2025

The Enforcement Directorate (ED) arrested former Haryana Congress MLA Dharam Singh Chhoker from a five-star hotel in Delhi following a brief scuffle. Chhoker, along with his sons, is accused of defrauding over 1,500 homebuyers and siphoning off over Rs 500 crore through their real-estate companies. The ED had been seeking Chhoker's presence in the investigation since May 2022. The politician was caught at the Grappa Bar of the Shangri-La hotel on Ashoka Road. He is currently in ED custody for six days.

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

Rediff.com7 Mar 2025

US-based private equity firm Blackstone and Bengaluru-based real estate developer Sattva Group filed the draft initial public offer (IPO) papers for India's biggest real estate investment trust (Reit) named Knowledge Realty Trust to raise ?6,200 crore. The Reit will be the largest in India in terms of net operating income (NOI) and gross assets value (GAV).

Nehra in hot water over illegal constructions in Goan village

Nehra in hot water over illegal constructions in Goan village

Rediff.com15 Oct 2024

The Gujarat Titans coach has been issued a show cause notice by the Cavelossim Village Panchayat for allegedly constricting a road and felling trees in a No Development Zone.

Godrej Properties buys Raj Kapoor's Mumbai bungalow for Rs 100 crore

Godrej Properties buys Raj Kapoor's Mumbai bungalow for Rs 100 crore

Rediff.com17 Feb 2023

Godrej Properties Ltd has acquired legendary film actor, director and producer Raj Kapoor's bungalow at Chembur in Mumbai for around Rs 100 crore to develop a luxury housing project with a sales potential of Rs 500 crore. The land was purchased from the Kapoor family, legal heirs of Raj Kapoor, the company said in a regulatory filing. When contacted, Godrej Properties executive chairman Pirojsha Godrej told PTI: "The total size of the land is around 1 acre.

Buying A Joint Property? Know Tax Rules

Buying A Joint Property? Know Tax Rules

Rediff.com11 May 2023

'Individuals can consider dividing ownership of properties between related persons to ensure that the sale transactions are below the Rs 50 lakh limit and therefore not subject to TDS.'

'Indian Stocks Unlikely To Give Significant Returns In 12 Months'

'Indian Stocks Unlikely To Give Significant Returns In 12 Months'

Rediff.com30 May 2025

'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'

India Rolls Out Next-Gen Rice Varieties

India Rolls Out Next-Gen Rice Varieties

Rediff.com6 May 2025

The varieties will take at least 4 to 5 years to reach farmers after they complete the usual cycle of breeder, foundation and certified seeds.

Top Mumbai realtors turn to redeveloping properties

Top Mumbai realtors turn to redeveloping properties

Rediff.com16 Aug 2021

Leading property developers, such as Oberoi Realty, Tata Realty and Infrastructure, and Hiranandani, have turned to redevelopment of existing buildings in the expensive parts of Mumbai as a way of augmenting revenue. Experts estimate that Mumbai's redevelopment projects could be worth Rs 30,000 crore. As such, they are not new. What is new is that the big developers are interested in them. Leading the race is Oberoi Realty, which has set up a separate team for these projects.

Trump's reciprocal tariffs and WTO rules: An explainer

Trump's reciprocal tariffs and WTO rules: An explainer

Rediff.com15 Feb 2025

American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12.

Check Margins To Choose Right Tax Regime

Check Margins To Choose Right Tax Regime

Rediff.com29 May 2025

Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.

Heavy Pak shelling leaves trail destruction in Poonch

Heavy Pak shelling leaves trail destruction in Poonch

Rediff.com7 May 2025

Heavy Pakistani shelling in the border district of Poonch in Jammu and Kashmir left nine people dead and 28 injured. The shelling, described by residents and officials as "barbaric and cowardly", started around 2 am, damaging dozens of residential houses, shops, vehicles, and heritage sites. The incident comes after India launched "Operation Sindoor" in retaliation to the April 22 Pahalgam terror attack. India condemned the act, calling it a cowardly attack on civilians, and reaffirmed that civilian safety remains its top priority.

Commercial developers turn brokers

Commercial developers turn brokers

Rediff.com11 Feb 2010

With necessity being the mother of invention, commercial property developers are going off the beaten track to meet the challenge of a huge sales slowdown.

Guv defies Mamata on Murshidabad visit; violence report submitted to HC

Guv defies Mamata on Murshidabad visit; violence report submitted to HC

Rediff.com18 Apr 2025

The West Bengal government has assured the Calcutta High Court that the law and order situation in violence-hit Murshidabad district is under control. The court was hearing a petition by the Leader of the Opposition, Suvendu Adhikari, who alleged bomb blasts during communal riots and sought an NIA investigation. The state government claims adequate steps have been taken to quell the violence, while the Centre has requested an extension of CAPF deployment in the district. The violence erupted during protests against the Waqf (Amendment) Act in Murshidabad, displacing several families. The state government has reported that some families have returned to their homes.

India Strikes At Pakistan Airbases

India Strikes At Pakistan Airbases

Rediff.com10 May 2025

Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.

K'taka budget: Sidda announces Muslim quota for govt supplies

K'taka budget: Sidda announces Muslim quota for govt supplies

Rediff.com8 Mar 2025

Karnataka Chief Minister Siddaramaiah announced reservation for Muslims in supplying goods and services up to a value of Rs 1 crore to various government departments, corporations and institutions in the state budget for 2025-26. The budget also increased the value limit of government contracts in which Muslims can avail reservation to Rs 2 crore. The reservation to Muslims under 2B category is in addition to the Scheduled Caste, Scheduled Tribe, and Castes coming under Category-1, Category-2A. The budget also included various welfare schemes for minorities, including Rs 50,000 to support simple marriages and Rs 1,000 crore under the Chief Minister's Minority Colony Development Programme.

HC quashes ED summons to Sidda's wife, minister in MUDA case

HC quashes ED summons to Sidda's wife, minister in MUDA case

Rediff.com7 Mar 2025

The Karnataka High Court has quashed the Enforcement Directorate's summons to Chief Minister Siddaramaiah's wife Parvathi B M and Urban Development Minister B S Suresh in connection with the MUDA site allotment case. The court ruled that the ED was conducting a parallel investigation despite the case already being probed by the Lokayukta police and a Special Investigation Team (SIT). The ED had alleged that Siddaramaiah and other accused were involved in attempted money laundering in the MUDA site allotment case and that the fourteen sites (plots) allotted to Parvathi in Mysuru upmarket were illegally allotted.

Land deals for housing, warehousing rise to over 2,200 acres

Land deals for housing, warehousing rise to over 2,200 acres

Rediff.com13 Jan 2025

Indian real estate sector saw more land deals in 2024 at over 2,200 acres as developers were looking to expand the business, according to CBRE. Real estate consultant CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year. Out of the total land transactions in 2024, around 2,000 acres were located in the eight major cities -- Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune, Hyderabad, Kolkata and Ahmedabad.

Beating the property gloom

Beating the property gloom

Rediff.com4 Jan 2008

Ishaan Real Estate is an investment company that focuses on property development projects in southern and western India.

How India intercepted and shot down Pak's drones, UAVs

How India intercepted and shot down Pak's drones, UAVs

Rediff.com10 May 2025

Indian Armed Forces brought down a number of these drones using kinetic and non-kinetic means.

Centre doesn't want to control Waqf Board, our plan is...: Nadda

Centre doesn't want to control Waqf Board, our plan is...: Nadda

Rediff.com6 Apr 2025

BJP president JP Nadda said on Sunday that the party does not seek to control the Waqf Board but wants to ensure that those managing it operate within the bounds of law and adhere to established rules. He said the properties and funds of the Waqf Board should be dedicated to promoting education, providing healthcare and employment opportunities for the Muslim community. Nadda also highlighted the BJP's growth and achievements, emphasizing its commitment to national unity and cultural heritage.

ED seeks confiscation of Rs 661cr assets in National Herald case

ED seeks confiscation of Rs 661cr assets in National Herald case

Rediff.com17 Apr 2025

The Enforcement Directorate (ED) has filed a chargesheet in the Associated Journals Limited-Young Indian-National Herald money-laundering case, seeking confiscation of assets worth Rs 661 crore and appending statements of Congress leaders Sonia Gandhi and Rahul Gandhi. The agency has accused the Gandhis of orchestrating a conspiracy to illegally obtain the underlying assets of AJL by the beneficial owners of YI (Sonia Gandhi and Rahul Gandhi). Both Sonia Gandhi and Rahul Gandhi have denied any wrongdoing and said the takeover of Associated Journals Limited (AJL) by Young Indian (YI) was not for commercial purposes. The Congress has slammed the chargesheet, alleging that the ED action against its leaders shows panic and moral bankruptcy of the "despotic" government, while the BJP has continued to call out the role of the Gandhi family in the matter.

Godrej Properties, Lodha may float IPOs soon

Godrej Properties, Lodha may float IPOs soon

Rediff.com6 Aug 2009

Godrej Properties, part of the Godrej group, may float an initial public offer of about Rs 500 crore (Rs 5 billion) in the next three months, said a banker close to the development. The company plans to sell 9.4 million equity shares in the IPO, which will constitute 13.5 per cent paid up capital of the company, the draft red herring prospectus filed by it showed. The company also plans a pre-IPO placement of 2.4 million shares with investors, the company said.

Property giants bet big on Goa

Property giants bet big on Goa

Rediff.com8 Dec 2009

Litigation, regulations and the process of seeking approvals have also discouraged some developers.

'If You're Chewing Gum, That's Plastic'

'If You're Chewing Gum, That's Plastic'

Rediff.com5 Jun 2025

'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'

Terrorism Premiums To Drop 15% From April 1

Terrorism Premiums To Drop 15% From April 1

Rediff.com31 Mar 2025

'India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.'

Housing demand in 2024 at 12-year high, sales up 7%

Housing demand in 2024 at 12-year high, sales up 7%

Rediff.com7 Jan 2025

Housing sales rose 7 per cent annually in 2024 across eight major cities to reach 12-year high at 3,50,613 units on better demand for premium homes amid stable mortgage rates and strong economic growth, according to Knight Frank. Last month, real estate consultant Anarock, however, had reported that housing sales declined 4 per cent in 2024 to nearly 4.6 lakh units across seven major cities.

How To Create Wealth And Retire Early? Ask rediffGURUS

How To Create Wealth And Retire Early? Ask rediffGURUS

Rediff.com4 Apr 2025

Start your journey to financial freedom today. Ask your questions and let our experts show you the way to a secure and prosperous future.

Lokayukta finds no evidence against Siddaramaiah, wife in MUDA case

Lokayukta finds no evidence against Siddaramaiah, wife in MUDA case

Rediff.com20 Feb 2025

The Lokayukta police probing the Mysore Urban Development Authority (MUDA) site allotment case on Wednesday said that the charges against Karnataka Chief Minister Siddaramaiah and his wife Parvathi could not be proved for want of evidence.

Kerala: The Puzzled Book Of Questions

Kerala: The Puzzled Book Of Questions

Rediff.com11 Jun 2025

Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.

Pak Army stands by Hindus: Karachi Hanuman temple priest

Pak Army stands by Hindus: Karachi Hanuman temple priest

Rediff.com20 Feb 2025

The chief priest of the biggest Hanuman temple in Pakistan, Sant Ram Nath Mishra, has said that the Pakistani Army has always supported Hindus in their struggle against extremist groups in the country. Mishra, who is currently on a visit to Hindu religious sites across India, recounted the struggle of the Panch Mukhi Hanuman Mandir in Karachi, which was encroached upon over the decades but was restored following a landmark Supreme Court ruling in 2018. He said that the Pakistani Army and government swiftly implemented the Supreme Court's decision to return the temple land, despite opposition from hardline groups. Mishra also highlighted the need for easing visa restrictions between India and Pakistan, allowing Hindus on both sides to visit religious sites in each other's countries.