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Make KRERA work, else it’ll damage stage’s economy

The Karnataka government had notified the Karnataka Real Estate Regulation Act (KRERA) on July 10, 2017, after an inordinate delay and with much reluctance. This followed the central RERA Act, passed in May 2016, mandating implementation by all states by July 2017 as... read more

GST will regularise informal sector, opine experts

The introduction of Goods and Services Tax (GST) will slowly bring the informal sector into the mainstream economy, said experts at a business conclave held at the Indian Institute of Management-Bangalore, on Sunday. The annual event ‘Sammantran 2017’ was organized by... read more

Evictees not keen on BDA flats: George

The government has offered BDA flats to those who have lost their houses during last year’s demolition drive to remove structures situated on stormwater drains.However, there have been no takers for the flats yet. “The flats are ready , but we have not received... read more

B’luru is No. 2 in new apartment launches

Bengaluru ranked second in India in the number of new residential units launched in the first half of the year. But the number itself is down by 23% to 13,400, compared to the same period last year. Colliers, the real estate consultancy that did the research, said... read more

RERA: Stiff penalty awaits builders failing to register

The Karnataka government has decided to come down heavily on builders and brokers who fail to register under the state Real Estate Regulatory Authority (RERA) by August 31. The deadline for registration under the central RERA Act was July 31, but the state government... read more

Bankers review progress of 12 large NPA accounts under IBC

Leading bankers today reviewed the progress on the 12 large stressed accounts named by the Reserve Bank resolution for action under the Insolvency and Bankruptcy Code (IBC) here. The Internal Advisory Committee (IAC) of the Central bank had on June 13 directed the... read more

Orient Cement to raise Rs 500 crore

Orient Cement Ltd today said it is planning to raise Rs 500 crore from the market through qualified institutional placements, | national college, equity shares or through other securities. The board of the company today approved a proposal to raise the fund in one or... read more

RERA fears recede, big builders see turnaround

                      Some builders are once again eyeing new launches, as the cloud of uncertainty associated with the Real Estate (Regulation and Development) Act is dissipating. Launches had all but dried up... read more

Vinoth Priya is Real Estate Regulatory Authority secretary

Vinoth Priya is Real Estate Regulatory Authority secretary Bengaluru: The state government on Thursday appointed IAS officer Vinoth Priya as secretary to the Real Estate Regulatory Authority, Bengaluru, with immediate effect. The government recently notified the final... read more

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