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economy
Embassy becomes second-most valuable real estate company on REIT debut

MUMBAI: The Embassy Office Parks REIT, India’s first share sale in a property collection under one operator, Monday became the country’s second-most valuable realestate company on its stock-market debut, highlighting the potential of an investment product that already finds favour with the uberrich in New York, Singapore or London.After gaining as much as 8 per…

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economy
Maharashtra: Ready Reckoner Rates remain unchanged three years in a row

MUMBAI: For the third year in a row the Ready Reckoner Rates across Maharashtra will remain unchanged. The 2017-18 rates will continue to apply this financial year as well, said an order issued by Anil Kawade, Inspector General of Registration, Maharashtra.The order was issued late Monday night. Valuators said it is highly unusual that real…

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economy
HC seeks NHB’s stand on PIL alleging PNB Housing’s engagement in illegal lending practice

NEW DELHI: The Delhi High Court on Monday sought response from the National Housing Bank, the principal agency to promote housing finance institutions in the country, on a PIL which alleged that PNB Housing Finance Ltd was engaged in “malicious and illegal predatory lending practice” and sought its audit by NHB.A bench of Chief Justice…

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