Hyderabad civic body issue notices to 3,500 properties

HYDERABAD: Greater Hyderabad Municipal Corporation’s (GHMC’s) town planning wing, which issues building permits in the city, has served nearly 3,500 notices on property owners running commercial activities after taking residential permission. Property owners misusing the residential buildings are said to be running shops, boutiques and offices. Prior to slapping them with notices, the civic ...
September 5, 2021

Supertech to file review petition against SC order

Realty firm Supertech Ltd on Saturday said it would file a review petition against the Supreme Court order to demolish the company’s twin 40-storey towers in Noida while asserting that the buildings were constructed as per the bye-laws with approval of the competent authority. Last week, the apex court had ordered to demolish the ...
September 4, 2021

Gurugram: DHBVN stops new power connections as 16 builders fail to pay Rs 317 crore dues

GURUGRAM: The Dakshin Haryana Bijli Vitaran Nigam (DHBVN) has stopped issuing new electricity connections to property owners in colonies developed by 16 builders as they are yet to pay the discom infrastructure charges amounting to over Rs 317 crore. Two groups of homebuyers recently approached the chief minister’s office and the Prime Minister’s office ...
September 4, 2021

Pune: PMPML board gives nod to commercialise land parcels

Representative Image PUNE: The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) will commercially exploit around 30 land plots it owns to increase the non-fare revenue. A proposal to this effect was passed by the board of directors of the transport body on Thursday. Senior PMPML officials said the process of identifying the market demand would ...
September 3, 2021

Embassy REIT plans to issue NCDs

Embassy Office Parks REIT will raise up to ₹300 crore via issue of non-convertible debentures. The board of Embassy Office Parks Management Services, the manager to Embassy Office Parks REIT, had in November last year approved the raising of debt, including the issue of NCDs, for an aggregate amount up to ₹3,641.1 crore in ...
September 2, 2021

Citco opens office space in Hyderabad

HYDERABAD: In a major boost to the state’s financial sector, UK-based Citco, the global alternative investment assets servicer with $1.5 trillion in assets under administration, has forayed into the city by setting up its new office that will hire over 1,200 employees over the next two years. In India, Citco has a presence in ...
September 2, 2021