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economy
Submission deadline nears but Karnataka RERA gets poor response from builders

File photoBENGALURU: The Real Estate Regulatory Authority (RERA) in Karnataka has received a tepid response from builders, who have been mandated to submit quarterly updates on the status of their projects on or before Saturday. Sources said the RERA portal had received information on only 25% of the registered 2,200 projects till Tuesday evening. Builders,…

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economy
NCLT Delhi asks why insolvency proceedings should not be initiated against Emaar MGF

NEW DELHI: The National Company Law Tribunal (NCLT) Delhi on Monday issued a show cause notice to Emaar MGF Land asking why the corporate insolvency resolution process be not initiated against them.The company has been asked to file their response by December 20.The orders relates to Emaar MGF’s project-The Views in Sector 105, Mohali where…

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economy
Mapletree acquires, renames SP Infocity as Global Infocity Park Chennai

MUMBAI: Further expanding its presence in India, Mapletree Investments has acquired the securities of Faery Estates from SPREP that owns a 2.7-million-sq-ft IT office development SP Infocity in Chennai, India.“Our latest acquisition in India, one of the world’s fastest growing economies, will strengthen our presence in this market, and further diversifies our investment property portfolio…

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economy
Estate office submits report on building violations to Chandigarh administration

File photoCHANDIGARH: The UT Estate office has submitted the data on building violations in commercial areas of Chandigarh to the UT administration on the directions of a committee constituted by the UT administrator V P Singh Badnore for the redressal of the problems of traders.Recently, the administrator had constituted two separate committees for the redressal…

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economy
NCLT Delhi asks why insolvency proceedings should not be initiated against Emaar MGF

NEW DELHI: The National Company Law Tribunal (NCLT) Delhi on Monday issued a show cause notice to Emaar MGF Land asking why the corporate insolvency resolution process be not initiated against them.The company has been asked to file their response by December 20.The orders relates to Emaar MGF’s project-The Views in Sector 105, Mohali where…

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