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economy
Just one bidder for lofty Dharavi redevelopment plan

File photo There seem to be no takers for the state government’s ambitious Rs 22,000-crore Dharavi Redevelopment Project (DRP). With only one developer coming forward to rebuild Asia’s largest slum, the state government has been forced to extend the bidding dates for its global tenders until January 8. The original bidding deadline was December 28.First…

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economy
CCI rejects complaint against Indiabulls Housing Finance

NEW DELHI: Fair trade regulator CCI Wednesday dismissed a complaint alleging unfair and discriminatory trade practices by Indiabulls Housing Finance regarding loan agreement. Disposing of the complaint, the regulator said prima facie the case does not contravene the provisions of Sections 3 and 4 of the Competition Act. Section 3 and 4 pertain to anti-competitive…

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economy
WPP leases 3 lakh sq ft property in Mumbai from K Raheja Corp for nine years

File photo MUMBAI: Advertising major WPP has taken the entire office section of the ORB complex near Mumbai airport—spread over 3 lakh sq ft—from K Raheja Corp on lease for nine years, according to two people with direct knowledge of the development.While WPP India country manager CVL Srinivas confirmed that a deal has taken place,…

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economy
MahaRERA dismisses Neelkamal Realtor’s ‘slowdown’ argument for delays

MUMBAI: The Maharashtra Real Estate Regulatory Authority has refused to entertain realty developer Neelkamal Realtors’ argument of general economic slowdown for its inability to adhere to the delivery schedule it had promised the home buyers.The developer informed the authority that because of economic downturn/crises, it could not sell flats and generate funds for construction of…

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