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Shesh Rao Paplikar, the co-founder & CEO of BHIVE Workspace, reflects on his nearly decade-long journey, acknowledging both successes and mistakes. He highlights creating growth, wealth, and quality spaces for the company, its employees, investors, partners, and tenants. ...
Thirteen years after Mhada issued an offer letter to a builder for the redevelopment of a Chembur building, the Bombay High Court has cleared the way for its self-redevelopment. Mhada, represented by advocate P G Lad, informed the HC about issuing an offer letter to the Chembur Nishant Cooperative Housing Society (CHS). ...
Suraj Estate Developers' initial share sale garnered a 71% subscription on the first day, with bids for 58,50,946 shares against the offered 82,35,293 shares, according to NSE data. ...
The High Court observed that property tax on a building can be levied once it is completed. Until then, the levy would only be on the vacant/open land. In response to a petition by M/s BM Habitat, Justice Suraj Govindaraj directed Mysuru City Corporation to collect property tax for the petitioner's multiplex building on Vinobhanagar Road, Jayalakshmipuram, from April 25, 2011, the date of the occupancy certificate. ...
The Enforcement Directorate has registered a case under the Prevention of Money Laundering Act (PMLA) against Tulsiani Builders' Chief Managing Director Anil Kumar Tulsiani and Director Mahesh Tulsiani. The case involves a loan of Rs 4.63 crore obtained by submitting forged documents. ...
The Enforcement Directorate announced on Sunday that it has seized immovable properties worth Rs 207 crore in Tamil Nadu. This action is part of a money laundering investigation related to an alleged fraud committed by a Madurai-based group. The ED's inquiry originates from an FIR filed by the Tamil Nadu Police's Economic Offences Wing (EOW). ...
The progress of the second round of structural audits for 15 city high-rises is stuck as multiple developers have yet to pay the required fees for necessary tests to assess construction quality and standards. Over the past six months, the district administration and the Department of Town and Country Planning (DTCP) have issued several reminders to developers to submit the fees, officials reported on Sunday. ...
In a joint meeting with five builders on Saturday, the Authority has instructed a builder to remit Rs 1.07 crore as water dues. The meeting, attended by builders and residents' bodies, directed water department officials to ensure that Sethi Buildwell Pvt Ltd settles the dues promptly. ...
Dozens of high net worth individuals who invested tens of crores a decade ago to secure luxury apartments in the 3,500-crore Palais Royale, a skyscraper in Worli, may find a glimmer of hope. Standing at 294m (56 floors), it ranks among the tallest residential towers in the country. ...
The Haryana government is proposing a 30%-80% increase in circle rates for land and properties in the city, with finalization expected by month-end. Objections and suggestions can be submitted until December 17. ...
A week after introducing a new three-tier guideline value for apartment complexes in Chennai and its suburbs, the state government has decided to retract the order and revert to the street and road-based composite value for registration. ...
The BMC's credit note policy, involving payments of Rs 450 crore to builders for constructing 35,000 tenements for project-affected persons, is under scrutiny for non-payment of GST. ...
Arun Kumar, the new chief of the Haryana Real Estate Regulatory Authority's city bench, directed senior officials on his first day to resolve allottees' complaints within the stipulated time limit. ...
The new guidelines from the UP government regarding purchasable floor area ratio (FAR) declare any additional FAR as illegal. If applied after construction, it is subject to demolition—an established practice in the NCR region. In multi-storey buildings, developers were previously allowed to purchase FAR in case of slight deviations from the sanctioned layout map. ...
The NCLT Mumbai has granted approval for the sale of certain real estate assets of telecom company Reliance Communications, according to a regulatory filing on Wednesday. ...
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