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economy
Visakhapatnam development body to get Rs 70 crore in PPP housing project settlement

VISAKHAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDAThe erstwhile Visakhapatnam Urban Development Authority (Vuda), later transformed into VMRDA had signed an agreement with L&T Vision Ventures Limited for the development of a housing project in public-private partnership model around 11 years ago. However, Vuda could not hand over the required land parcel to the developer.…

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economy
Nirav Modi’s seaside bungalow in Alibaug demolished

File Photo MUMBAI: The sprawling seaside mansion of fugitive diamantaire Nirav Modi, accused in the USD 2 billion PNB fraud case, was demolished Friday using explosives, Raigad District Collector Vijay Suryawanshi said. The district collector told that it was controlled blasting. The senior IAS official had issued the demolition orders after the Enforcement Directorate (ED)…

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economy
Mumbai: Government waives property tax on houses up to 500 sq ft

MUMBAI: The Maharashtra cabinet has approved a property tax waiver for houses in Mumbai with carpet area upto Rs 500 sqft. The waiver will be applicable from January 1, 2019.The proposal was Shiv Sena’s election promise before the 2017 civic elections. The Brihanmumbai Municipal Corporation (BMC) had cleared the proposal for the waiver in July…

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