BUSINESS
Recycled Supertech debris will attract GST slab of 5%–18%, say experts
Recycling Supertech demolition debris needs core policy changes to create environmental impact, say experts
BUSINESS
Noida Twin Towers demolition | Experts say air quality should be monitored for at least 45 days
Meteorologists say the wind is blowing the pollutants and debris towards Greater Noida and parts of Uttar Pradesh. By late afternoon on August 29, the wind may shift in the direction of Delhi but the threat of spreading pollutants to the national capital is minimal
BUSINESS
Noida Supertech towers' debris a risk to nearby buildings, may cause pollution, say experts
Experts say waste left behind in the basement will pose a serious threat to the environment and nearby residents and should be immediately transported to recycling plants or sent to construction sites for reuse
BUSINESS
Noida twin towers blown in the wind. No destination home for flat-owners now
Many homebuyers are priced out of the market as after over 10 years they need to add 40-50 percent more money to the refund amount to buy a new house
BUSINESS
Noida twin towers demolition | Should NCR residents worry about pollution, health?
The larger Delhi-NCR area may escape pollution on August 28 but a low pressure in the area on August 29 will likely blow the debris towards Delhi-NCR. Seek immediate medical help in case of any irritation in the eyes and throat, nose spasms, or breathing difficulties, say experts
BUSINESS
Provident Housing to launch five projects across 6.3 mn sq ft in Bengaluru, Chennai, Pune
Within the next financial year, the company plans to invest Rs 9,000 crore to complete 3,000 units across nine cities. Out of this, almost 70 percent will be in Bengaluru.
BUSINESS
Real estate brokers bat for uniform licence across India
One nation, one licence will not only help realtors in India grow and expand but also help bring uniformity across all RERAs, they say.
BUSINESS
Will BMLTA address the ever-growing transport woes in Bengaluru?
In the making for almost 16 years, the bill is yet to become law despite several attempts in the past. The state government now plans to table the bill in the current assembly session
INDIA
Enforcement Directorate attaches assets of Mantri Developer worth Rs 300 crores
ED said money from homebuyers has been misappropriated to the tune of INR 300.4 for uses other than project construction.
BUSINESS
Prestige Group plans to complete 14 mn sq ft of development in FY22-23; to foray into Noida
In the coming years, the company intends to deliver five to six new launches with 8-10 mn sq feet of development in Bengaluru.
BUSINESS
Ozone Urbana: 6 years on, this Bengaluru township is yet to touch the sky
Launched in 2014, the Pavilion apartment block in this township was scheduled to be completed by 2016. After the builder failed to complete the project, the buyers filed cases with KRERA. While cases continue piling up, buyers feel financially strangled and mentally stressed
BUSINESS
Mantri Serenity homebuyers file complaint on land-share discrepancies
Advocates say the problem of builders not giving homebuyers their due share of land rights can become a bigger issue in Karnataka’s real estate sector unless it is addressed immediately.
BUSINESS
Mantri Energia: A project that left several dreams shattered in Bengaluru
Construction began in 2014, and completion was scheduled for 2018. But with completion nowhere in sight, allottees filed cases against the builder with KRERA. Meanwhile, the builder seems to be struggling with a debilitating cash crunch.
BUSINESS
Flexi homes: Leveraging space to give homes the multi-functional edge
This fulfils a premium housing requirement, rather than catering to general homebuyers.
BUSINESS
MC Explains: Do Karnataka homebuyers really own the land their apartment is built on?
Real estate experts say homebuyers are misinformed that once a property is registered under the Karnataka Apartment Ownership Act through a deed of declaration, the property in its entirety stands transferred.
BUSINESS
127 Karnataka homebuyers lodge FIR against real estate developer Ozone Group, level criminal charges
Homebuyers who have paid almost Rs 80 crore to the builder claim the latter cheated them by marketing the apartments through various Ponzi schemes.
BUSINESS
Construction and demolition waste is choking Bengaluru’s lungs; experts cry for reforms
Bruhat Bengaluru Mahanagara Palike (BBMP) said they have already passed a new tender to acquire land for setting up a new recycling centre in the city; hopes to streamline C&D waste collection process over next 3 months.
BUSINESS
Mana Projects to invest Rs 250 crore over next five years to acquire land, to foray into Hyderabad
The company expects to generate a revenue of about Rs 3,700 crore from the sale of commercial and residential projects
BUSINESS
Living with floods: Bengaluru infrastructure cries for urgent reforms
Despite all the technological aids and scientific studies, it all boils down to that two old culprits – urbanisation and encroachments
BUSINESS
ED attaches land, houses worth over Rs 137 crore in Bengaluru as part of money laundering probe
The ED probe is based on more than 125 FIRs registered in Bangalore against Dreamz Infra India Ltd, TGS Constructions Pvt Ltd, Gruha Kalyan, Sachin Naik alias Yogesh, Disha Choudhary, Mandeep Kaur, and others, the statement said.
BUSINESS
315Work Avenue leases over 70,000 sq ft of co-working space in Bengaluru to Teamlease
The office space is located at Koramangala, a prominent business hub in south-eastern Bengaluru experiencing explosive commercial growth
BUSINESS
MC Explains: ED arrest of Mantri Developers CMD has homebuyers in Bengaluru on edge
The ED probe found that funds received from homebuyers and meant for the construction of projects were diverted for personal use or fraudulent purposes, leaving the projects in limbo.
BUSINESS
Accidents and slow policy implementations: Cycling tracks in Bengaluru still stuck in a limbo
As of today, the Bruhat Bengaluru Mahanagara Palike (BBMP) has constructed 70 percent or 35 km of the 50-km cycle track stated in the Comprehensive Mobility Plan for Phase 1, 2020-2022
BUSINESS
We cannot have a collective impact until all cycling lanes are connected: Bengaluru’s ‘Bicycle Mayor’ Sathya Sankaran
The Karnataka government has allocated Rs 900 crore to construct 600 km of cycling tracks in Bengaluru by 2035
