Press Trust of India (PTI), headquartered in New Delhi, is India’s largest news agency. It was registered in 1947 and started operations in 1949. PTI has more than 400 journalists and 500 stringers, who generate more than 2,000 stories and 200 photographs every day. Subscribers to PTI’s feed include the mainstream media, research groups, specialised presses, companies, government organisations and NGOs.
To the relief of aggrieved home buyers of Unitech Ltd, the Supreme Court, on September 11, 2018, directed the realty firm to construct 514 flats in its five projects, out of the funds generated … READ FULL STORY
Cost of construction for a residential apartment, in a mid-rise building in Mumbai, is the highest among the top urban centres in the country at Rs 3,125 per sq ft, according to a report. … READ FULL STORY
The Supreme Court, on September 10, 2018, asked a local authority in Uttar Pradesh to deposit Rs 66.82 crores, received from realty firm Unitech Ltd, with its registry, to refund those who have opted … READ FULL STORY
Companies from Russia, China and Japan have evinced interest in investing Rs 1,250 crores, in setting up their facilities at Aurangabad Industrial City (AURIC) in Maharashtra, a top government official said, on September 9, … READ FULL STORY
The Supreme Court, on September 6, 2018, allowed the Corporation Bank, which has led a consortium of banks to lend loans to the Amrapali Group, to move the National Company Law Tribunal (NCLT). A … READ FULL STORY
Maharashtra opposition party, NCP, on September 6, 2018, said that it would move the court, if the appointment of Prashant Thakur, a BJP MLA from Panvel, as City and Industrial Development Corporation (CIDCO) chairman, … READ FULL STORY
Coming down heavily on the Amrapali Group, the Supreme Court, on September 4, 2018, observed that it appears that a ‘big scandal is taking place in the name of real estate business’ and termed … READ FULL STORY
A Reliance Infrastructure-led consortium, on September 4, 2018, inked a pact with state-owned Maharashtra State Road Development Corporation (MSRDC), for the construction of the Rs 7,000-crore Versova-Bandra Sea Link in Mumbai, which has been … READ FULL STORY
SBI, LIC Housing Finance and Muthoot HomeFin, on September 3, 2018, offered loans at concessional rates, for repairing and renovation of homes, to help people in flood-affected Kerala. State Bank of India (SBI) said … READ FULL STORY
The stay on construction activities in Maharashtra, Madhya Pradesh, Uttarakhand and Chandigarh by the Supreme Court, may impact the delivery timelines of housing and infrastructure projects, according to a report. The real estate sector … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), has increased its marginal cost of funds-based lending rate (MCLR), by 20 basis points across all tenors up to three years, effective September 1, 2018. … READ FULL STORY
The Maharashtra Apartment Ownership (Amendment) Bill, the Gujarat Agricultural Lands Ceiling (Amendment) Bill 2015 and the Gujarat Agricultural Lands Ceiling (Amendment) Bill, 2017 have received the president’s nod, a home ministry official has said. … READ FULL STORY
In a series of tweets, financial services secretary Rajiv Kumar, on August 29, 2018, said Rs 200 crores will be provided from the refinance scheme of the National Housing Bank (NHB) under the Affordable … READ FULL STORY
