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 union cabinet, on November 30, 2016, approved the Mumbai Urban Transport Project (MUTP) Phase-III. The estimated cost of the project is Rs 8,679 crores, with a completion cost of Rs 10,947 crores. The … READ FULL STORY
With a view to ensure the active participation of the local residents in the development of Gurugram, a ‘Residents Advisory Council’ would be constituted, the government has said. The council will advise on issues … READ FULL STORY
The Urban Development Ministry, on November 23, 2016, finalised the rules under the Real Estate Act for Delhi, which provides for a regulatory authority to undertake third-party quality audit of real estate projects, to … READ FULL STORY
To provide housing finance options to National Pension System (NPS) subscribers, the pension fund regulator has set up a committee to look into the proposal, a senior executive announced. “We are looking at possibility … READ FULL STORY
The Supreme Court, on November 18, 2016, stayed all the upcoming meetings of home buyers of Unitech Ltd, for giving their approval or disapproval to a proposed compromise scheme forwarded by the company, to … READ FULL STORY
Over 300 construction sites were penalised for violating dust pollution norms in Delhi, although the drive against open burning of waste did not gather as much steam. Analysis of data shared by the Delhi … READ FULL STORY
Private equity investment in the real estate sector, has grown 22 per cent during January-September this year, to Rs 28,300 crores, from Rs 23,200 crores a year ago, reflecting improved confidence among investors to … READ FULL STORY
While reviewing the implementation of smart city plans in the New Delhi Municipal Council (NDMC) area, union urban development minister, M Venkaiah Naidu, on November 2, 2016, asked the NDMC to convert Connaught Place … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), has announced a further reduction in interest rates by 0.15% for its home loans up to Rs 75 lakhs, while ICICI Bank has unveiled an … READ FULL STORY
A senior officer of the Revenue Department, said that the land records of all villages of Delhi, except for villages in the north district, have been digitised and digitally signed from November 1, 2016. … READ FULL STORY
Private sector lender ICICI Bank announced a cut of 0.10% in its marginal cost of funds based lending rate (MCLR) across tenors. This was followed by a similar move by the country’s largest lender, … READ FULL STORY
The Supreme Court, on October 19, 2016, directed Unitech Resorts Ltd to refund Rs 15 crores to 39 home buyers in its Gurgaon project, saying a property developer must respect the contractual commitment and … READ FULL STORY
Hundreds of farmers from at least seven villages in Purandar tehsil in Pune district, where a greenfield international airport is proposed to be set up, staged a protest, claiming that the project will hit … READ FULL STORY
