Latest news

tamil-nadu-govt-fixes-uniform-fsi-of-821628217-for-residential-buildings
economy
Tamil Nadu govt fixes uniform FSI of ‘2’ for residential buildings

CHENNAI: Days after announcing to revise the Floor Space Index (FSI), the Tamil Nadu government on Monday issued an order fixing uniform FSI of 2.0 for residential developments across Tamil Nadu. The move is expected to spur vertical development making availability of an additional 33% built up area. A government order dated 26-10-2018 and issued…

Read more
altico-capital-invests-rs-100-crore-more-in-pune-realtor-pharande
economy
Altico Capital invests Rs 100 crore more in Pune realtor Pharande

MUMBAI: In the middle of an ongoing liquidity mayhem and credit squeeze, Abu Dhabi Investment Councilbacked real estate-focused non-banking financial company (NBFC) Altico Capital India has extended funding of ₹100 crore to Pune-based realtor Pharande Group, said two persons with direct information of the development.“The new funding is a top-up transaction as the developer is…

Read more
three-branches-of-ruias-will-get-equal-share-in-property-division
economy
Three branches of Ruias will get equal share in property division

Thirty-five years after cotton king Ramnarain Ruia’s grandson Nirmal Kumar Ruia, who died in 2007, approached the Bombay High Court to facilitate the division of his ancestral mansion, Anand Bhavan, the city civil court, which took up the suit in 2012, has set the wheels in motion by appointing a commissioner to oversee the division.Anand…

Read more
jharkhand-govt-to-construct-houses-for-slum-dwellers
economy
Jharkhand govt to construct houses for slum-dwellers

RANCHI: Chief Minister Raghubar Das-led Jharkhand government will soon start a project to construct houses at affordable rates (G+3 category) under the Pradhan Mantri Awas Yojana for people living in slums across the state.”Jharkhand government is gifting 1.27 lakh houses to people belonging to the poor community under the state housing scheme,” a statement from…

Read more