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Bharti Realty-led consortium to develop commercial project at Delhi airport

File Photo (Kamal Kishore) NEW DELHI: Delhi airport operator DIAL Wednesday said it has awarded the rights for a commercial development project to a consortium led by Bharti Realty that will make an annual payment of Rs 363.5 crore towards lease rentals till 2036. Besides, Bharti Realty will make one-time payments of around Rs 1,837…

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economy
Insolvency case against Bengaluru’s PropUrban for not paying salary

NEW DELHI: PropUrban Advisory Services, previously known as Bluering Realtech, is fighting an insolvency case in NCLT Bengaluru. The case has been filed by company’s ex-employee Amit Naidu over non-payment of his salary.”PropUrban didn’t pay salary to Amit for 2017-18 while he was working in the company,” said the advocate representing Naidu. The company hasn’t…

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economy
Bengaluru: Owners of 35,000 flats get relief from NGT buffer zone bind

BENGALURU: Owners of more than 35,000 flats across the city can heave a sigh of relief as a major hurdle to avail occupancy certificates for their dream homes stands removed.With the Supreme Court setting aside a National Green Tribunal (NGT) diktat expanding buffer zones around lakes and stormwater drains (SWDs), Bruhat Bengaluru Mahanagara Palike (BBMP)…

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economy
SILA Group to invest Rs 70 crore to develop housing project in Mumbai

NEW DELHI: Real estate consultant SILA group has entered into the property development business and is constructing a luxury housing project near Mumbai with an investment of about Rs 70 crore, a top company official said. The Mumbai-based firm commenced operations in 2010 as an integrated facility management company, but later ventured into project and…

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economy
MahaRERA’s SOP empowering homebuyers to be out next week

PUNE: Homebuyers in the state will soon have the power to remove a builder from a project for delays in its completion.The Maharashtra Real Estate Regulatory Authority (MahaRERA) is expected to come out with the Standard Operating Procedure (SOP) by next week, which would allow homebuyers to approach the authority for a builder’s removal from…

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