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economy
Ministry of corporate affairs to probe allegations against DHFL: Sources

NEW DELHI: India’s Ministry of Corporate Affairs will look into allegations of financial mismanagement against Dewan Housing Finance Corp Ltd (DHFL), two government sources with direct knowledge of the matter told Reuters on Wednesday.Investigative media outlet Cobrapost on Tuesday said Dewan diverted funds to shell companies to buy assets, and that firms linked to Dewan’s…

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economy
Pimpri Chinchwad civic body gives 15 days time to register properties

PIMPRI CHICNHWAD: The civic body wants owners of unregistered properties to register with the property tax department within 15 days. Property holders have also been told to pay their taxes, failing which the PCMC will recover it and demolish the property, Pimpri Chinchwad municipal commissioner Shravan Hardikar said.On the demand that property tax should not…

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economy
Bombay HC grants status quo on Nagpur’s Bhamti flat scheme

NAGPUR: The Nagpur bench of Bombay High Court granted status quo on construction of G+11 floor flat scheme by Prayag Developers at Swawlambi Nagar (mouza Bhamti). The Process Server Co-operative Housing Society members and office-bearer Sanjay Nakhate had filed a writ petition in the HC challenging the building plan sanctioned by the Nagpur Municipal Corporation…

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economy
Tamil Nadu government may launch common building rules tomorrow

CHENNAI: Tamil Nadu will come under the ambit of single development regulations with the government all set to launch the Tamil Nadu Combined Development Regulation and Building Rules, 2018, on Monday. Chief minister Edappadi K Palaniswami will release the Common Building Rules on Monday, housing and urban development department sources said. While the draft rules…

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economy
Google inks pact for new 35-storey office tower in US: Report

SAN FRANCISCO: Continuing with its investment spree in the US real estate, Google has reportedly signed a lease for a 35-storey tower in Austin which is scheduled to be ready for occupancy in the second quarter of 2022.The construction of the tower which could potentially provide room for 5,000 workers has already begun, the Austin-American…

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