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.
The government on May 24, 2016, announced the names of 13 more cities that will be developed under the centre’s ‘Smart City Mission’, with Lucknow in poll-bound Uttar Pradesh topping the list, followed by … READ FULL STORY
The much-awaited Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) are likely to be launched in the country next year, says a study. “Currently, the market for REITs and InvITs is relatively … READ FULL STORY
The National Consumer Disputes Redressal Commission (NCDRC) has directed Unitech Limited to refund Rs 3.04 crores to a retired army personnel and his wife, with an interest rate of 18 per cent per annum … READ FULL STORY
As many as 19,000 residential units were launched in top six cities during January-March period, with the megapolis Mumbai witnessing the highest number of launches, a study said. According to a Colliers International study, … READ FULL STORY
In a move that could boost connectivity for residents of Mumbai and reduce traffic congestion, work on the first phase of the much-delayed Rs 14,000-crore coastal road project in Mumbai, is expected to start … READ FULL STORY
Union minister Venkaiah Naidu, on May 6, 2016, revealed that 12 major cities across the country, will switch over to a single-window online system, to issue building permissions from October 2, this year. “12 … READ FULL STORY
To keep a tab on unauthorised constructions in Mumbai, Maharashtra chief minister Devendra Fadnavis, has suggested integration of digitisation of building proposals with satellite images. “The Brihanmumbai Municipal Corporation (BMC) has already initiated digitisation … READ FULL STORY
Haryana Chief Minister Manohar Lal Khattar, on May 10, 2016, announced that a Disputes Redressal Forum would be established, to reduce litigations and public grievances concerning the Haryana Urban Development Authority (HUDA). The chief … READ FULL STORY
At the back of the Real Estate Act coming into force from May 1, 2016, the central government, has warned the developers with the ‘strictest’ possible action, if they take consumers for a ride, … READ FULL STORY
The Real Estate Act, designed to protect consumer interest and improve accountability of developers, came into force on May 1, 2016, setting in motion the process of making necessary operational rules and creation of … READ FULL STORY
South India’s first ever underground metro section, connecting the east and west corridor of Bengaluru’s metro rail project, was inaugurated recently. With the operation of phase one, people travelling from Bayappanahalli to Mysuru Road, a … READ FULL STORY
Holding that the scam-tainted 31-storeyed Adarsh Apartments was illegally constructed, the Bombay High Court, on April 29, 2016, directed the Union Ministry of Environment and Forests, to demolish the tower in the Colaba area … READ FULL STORY
With a view to increasing transparency and ease of doing business, the authorities in the National Capital Region (NCR), on April 28, 2016, announced key online initiatives for the real estate sector. In Gurgaon, … READ FULL STORY
