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NEW DELHI: The Connaught, a premium hotel in Lutyen's Delhi, was successfully acquired by Tata's Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) on Wednesday. "The successful bidder is the Taj group which will...

Liquor shops, pubs, discotheques and clubs cannot be opened on any floor of buildings falling in residential areas in the city, according to the DDA, which today approved the proposed amendment in the Master Plan for Delhi 2021. In February, the urban body had...

MUMBAI: The City and Industrial Development Corporation (CIDCO), the city planning authority for Navi Mumbai, has received highest bid of Rs 181 crore for a 3.4 acre land parcel in Nerul. The plot was auctioned by CIDCO with reserve price at Rs 95,000 sq meter and was...

GREATER NOIDA: There is little headway in the police probe into the Rs 126 crore Yamuna Expressway Industrial Development Authority (YEIDA) scam, in which former authority CEO P C Gupta and other former and current officials are involved. Meanwhile, a report by Meena...

About two years after Blackstone Group LP registered India’s first real estate investment trust, the private equity giant is close to taking it public. Rising interest rates threaten to get in the way. Blackstone and local partner Embassy Group plan to file a...

NEW DELHI: Emaar India, part of Dubai-based realty major Emaar Properties, has appointed Prashant Gupta as CEO to strengthen its business and is also streamlining processes to make the organisation more efficient. This is the second major appointment by Emaar India in...

The Economic offences wing of the Pune police has arrested the MD & CEO of Bank of Maharashtra Ravindra Marathe along with executive director RK Gupta in the Rs 3,000 crore DSK Group loan default case. Sushil Muhnot, the former CMD of the bank, was also nabbed from...

AGRA : Agra Development Authority (ADA) has sought an explanation from officials regarding 500 missing property files. These crucial documents contain records of property which were in violation of municipal building laws, or records about disputed land. Official...

KOLKATA : The New Town Kolkata Development Authority (NKDA) has mopped up Rs 20 crore in just two-and-a-half months after introducing the unit area assessment (UAA)- based property tax collection system on April 1. The collection comes from payment made by 18,000 out...

KAPURTHALA (Amritsar): Punjab Local Bodies and Tourism Minister Navjot Singh Sidhu on Sunday reiterated that the drive against illegal colonies and buildings in the state would continue despite resistance by some people, including from his own party. The government...

DEHRADUN: Uttarakhand high court's decision to quash and set aside the master plan for Doon has created uncertainty for residents who have built their homes in the city in the past decade after having their maps passed by the Mussoorie Dehradun Development Authority...

JAIPUR : After eight months, the Jaipur Development Authority (JDA) will organise camps from June 27 to regularise colonies in Prithvi Raj Nagar (PRN) scheme. Following the Rajasthan High Court orders, a ban was imposed on regularization till the time zonal plans were...

For the convenience of the general public, civic authorities have uploaded information and related maps of town planning (TP) schemes of the city on the official website. Now people can access these maps at a single click, instead of visiting MC offices. In the near...

The Alandi Municipal Council (AMC) has set a September 12 deadline to regularize illegal constructions. The state government's urban development department had issued a notification last year under the Maharashtra Regional Town Planning Act for regularisation of...

NEW DELHI: Cement demand in India is expected to grow by 7 per cent this year but intense competition and "not enough" consumption will lead to excess capacity, cement maker ACC said in its annual report. The demand will grow in 2018, helped by the Centre's push on...

The state government will provide viablility gap funding of Rs 2,500 crore for the proposed Bandra-Versova sea link from the premium that is collected by selling fungible floor space index (FSI) to builders. The sea link project, which is part of the ambitious 39km...

Mumbai : Piramal Capital & Housing Finance Ltd (PCHFL), wholly-owned subsidiary of Piramal Enterprises, has sanctioned Rs 200 crore funding to Chennai-based realty developer Appaswamy Group. The structured equity funding will enable the acquisition of 3.34 acre land...