In its February 5 order, the high court had rebuked the Housing Ministry for permitting many government accommodation units to be illegally occupied by retired officials and ex-MPs and had directed the Centre to get them vacated within two weeks and to initiate proceedings to recover dues from such occupants.
"VA Tech Wabag Ltd along with Belhasa Projects, won an EPC order in the water and waste water treatment space in the Kingdom of Bahrain.The Sewage Treatment Plant order for Al Madina Al Shamaliya, the new town being developed in Bahrain, is for a value of over Rs 580 crore", VA Tech Wabag said in a BSE filing.
CNBC-TV18's Rituparna Bhuyan reports that after relaxing norms for foreign direct investment (FDI) in various sectors, the government may consider easing FDI norms in low-cost housing sector.
The Ministry of Housing is likely to introduce a bill to regulate the real estate sector in the upcoming session of parliament this winter. CNBC-TV18's Malvika Jain reports on how this proposed law could help check the creation of a housing bubble in India.