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economy
WPP leases 3 lakh sq ft property in Mumbai from K Raheja Corp for nine years

File photo MUMBAI: Advertising major WPP has taken the entire office section of the ORB complex near Mumbai airport—spread over 3 lakh sq ft—from K Raheja Corp on lease for nine years, according to two people with direct knowledge of the development.While WPP India country manager CVL Srinivas confirmed that a deal has taken place,…

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economy
MahaRERA dismisses Neelkamal Realtor’s ‘slowdown’ argument for delays

MUMBAI: The Maharashtra Real Estate Regulatory Authority has refused to entertain realty developer Neelkamal Realtors’ argument of general economic slowdown for its inability to adhere to the delivery schedule it had promised the home buyers.The developer informed the authority that because of economic downturn/crises, it could not sell flats and generate funds for construction of…

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economy
Central government forms committee for ‘effective’ implementation of RERA

The government has constituted a committee to suggest recommendations to strengthen the real estate law RERA and to remove difficulties in its implementation, an official said on Monday.The decision to form the committee, to be headed by Union Housing and Urban Affairs Joint Secretary Shiv Das Meena, comes months after the ministry organised four workshops…

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economy
Tirupur: Villagers seeks free housing plots after facing eviction from district collectorate

TIRUPUR: A group of villagers from Uthukuli taluk laid siege to the district collectorate here on Wednesday, demanding free housing plots, which the district administration had earlier promised them.Pointing out that more than 150 families residing on neer (waterbody) and natham poramboke lands at A Periyapalayam, Morattupalayam and S Periyapalayam could be evicted at any…

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economy
Mahindra Lifespaces, Maharashtra govt ink pact to develop tourist destination in Murud, Raigad

MUMBAI: Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has entered into an agreement with the government of Maharashtra for the development of a tourist destination at Murud in district Raigad.The company’s wholly-owned subsidiary Deep Mangal Developers will develop this project under the aegis of the Maharashtra government’s tourism…

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