Ajay Chaudhary is CMD of real estate company Ace Group. He is believed to have close contact with Samajwadi Party chief Akhilesh Yadav.
The government has listed for sale real estate assets of state-owned telecom companies BSNL and MTNL at a reserve price of around Rs 970 crore.
The court is likely to hear arguments on quantum of sentence on Monday. The convicts may face a maximum term of life imprisonment.
The real estate sector is divided into four sub-sectors -- housing, retail, hospitality and commercial. It is the second-highest employment generator, after agrarian.
The third set of Swiss bank account details of Indians under an automatic exchange of information pact with Switzerland will be revealed this month, officials told news agency PTI.
The chief minister had said on Wednesday that strict action will be taken against the guilty officials in the Noida twin towers case.
The apex court also pulled up the Gujarat government for extending the deadline till July next year for hospitals to rectify the building by-laws violations, and said the "carte blanche" notification was in teeth of its order of December 18 last year and people will continue to die in fire incidents.
The Gautam Buddh Nagar administration Wednesday attached flats, villas and land plots worth Rs 344.23 crore over the non-payment of dues by 32 real estate developers, according to an official order.
The Supreme Court on Tuesday struck down West Bengal’s law on regulating the real estate sector in the state.
Realty firm Shapoorji Pallonji Real Estate has sold over 600 units, worth around Rs 400 crore, in its new housing project in Pune as housing demand began to recover.
The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps that will help in the completion of pending projects and the sale of build-up houses.
The realty industry remains one of the most precise bellwethers of the state of India's economy. Like all other sectors, real estate, which contributes more than 8 percent to the Indian economy, too has expectations.
Now, buying homes will be cheaper in Maharashtra. In a big boost to real estate hit by the coronavirus pandemic, the Maharashtra government on Wednesday decided to cut all premiums related to the sector by 50 percent. It will be applicable till December 31, 2021.
Ace investor Rakesh Jhunjhunwala's Rare Enterprises acquired the company's shares through an open market transaction.
Union Finance Minister Nirmala Sitharaman on Thursday rolled out Atmanirbhar Bharat 3.0 stimulus package to boost economy. The minister announced benefits for new employees hired in EPFO-registered establishments effective October 1, 2020, onward.
Captech Technologies said that its 'eFORCE' app has developed a capacity to deploy over two lakh labours in the first four months of launch.
Due to the COVID-19 pandemic, an economic crisis engendering high volatility in the capital markets is leading to investors losing their hard-earned money, at least for the time being. Most of the sectors have been badly affected due to the COVID-19 economic crisis
The income tax department on Thursday notified the revised Form 26AS, containing details of tax collected or deducted at source which will now include information pertaining to property and share transactions.
Post the announcement of lockdown 4.0, many things have changed. Especially the restrictions under 5 different zones (Containment, Buffer, Red, Orange and Green Zone) changed the demand for work from home so far.
The effective implementation of the real estate law RERA will help in restoring the trust between the developers and property buyers, besides ensuring that there are no defaults in delivery of projects, Housing and Urban Affairs Minister Hardeep Singh Puri said on Saturday.
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