[ad_1] Representative image NEW DELHI: The ED on Monday raided a dozen premises in Delhi-NCR as part of a money-laundering investigation against some real estate companies as part of an alleged Rs 500 crore fraud, official sources said. The searches pertain to companies such as Orris Infrastructure Private Limited, Greenbay Infrastructure Private Limited and Three…
[ad_1] Representative image COIMBATORE: The city corporation retrieved 1.13 acres of open space reservation (OSR) land parcels worth approximately 22 crore in wards 36 and 40 near Vadavalli here on Friday. According to an official source, the Directorate of Town and Country Planning had given plan approval to form three layouts on 17 acres at…
[ad_1] Representative image Realtors’ apex body CREDAI on Monday asked the government to give a 100 per cent deduction on interest paid on home loans under the Income Tax Act to boost demand for affordable and mid-income housing. CREDAI, which is celebrating 25th foundation day, also demanded that the definition of affordable housing should be…
[ad_1] Representative image MUMBAI: Nippon Life India Asset Management has executed a definitive agreement with realty developer Lodha, listed as Macrotech Developers, to acquire an office space spread across two floors in a commercial tower One Lodha Place in Mumbai’s business district Lower Parel for Rs 486 crore. The asset management company is planning to…
[ad_1] Representative image As per a recent report by the Ministry of Environment, Forest and Climate Change (MoEF&CC), the Karnataka government has failed to provide clarification on the encroachment of land in Belagavi allotted for Compensatory Afforestation (CA). The central ministry had sought clarification on encroachment in June this year. Clarification from the state was…
[ad_1] Representative image BENGALURU: The Karnataka govt’s decision to import 1 lakh metric tonnes of natural sand from Malaysia to address the severe scarcity of river sand, way back in 2017-18, has now come back to haunt it. The Krishnapatnam Port Company (KPCL), owned by Adani Group, has issued legal notices, demanding compensation of Rs…
[ad_1] NEW DELHI: Berger Paints has reported a minor dip of 0.25 per cent in its net consolidated profit during the quarter ended June 30, 2024. Its profit after tax stood at Rs 354.03 crore in Q1 FY25 as against Rs 354.91 crore it registered in the corresponding quarter of the previous fiscal. The company’s…
[ad_1] Representative Image PANAJI: Even as the deadline to complete all ongoing smart city work in Panaji is May 31, it seems that Imagine Panaji Smart City Development Limited (IPSCDL) may give it a skip for the smart road work on the stretch from Caculo Mall to the Tonca sewerage treatment plant (STP), due to…
[ad_1] Representative image INDORE: Continuing with the stringent measures against establishments utilising basements of buildings for commercial purposes instead of designated parking, the district administration on Sunday sealed a prominent furniture showroom and three other establishments. Acting on the directives issued by collector Asheesh Singh, a joint team comprising officials from the district administration and…
[ad_1] Representative image SHIMLA: Observing that the Himachal Pradesh Tourism Development Corporation(HPTDC) has failed to come up with any convincing and practical measures to augment its resources despite repeated court orders, the Himachal Pradesh high court on Tuesday ordered closure of 18 loss making prime hotels of the corporation, including The Palace Hotel in Chail,…