GIFT City receives ‘Platinum’ certification under IGBC Green City Ratings

The Indian Green Building Council (IGBC), a part of the Confederation of Indian Industry (CII), has accorded ‘Platinum’ certification for Green Master planning & design and implementation of GIFT City’s Phase-I development, a statement said. IGBC has recognised initiatives adopted in the project, including integrated land use, compact city development, 35 per cent public ...
September 1, 2021

Hot India property stocks seen extending run on demand surge

Recent weakness in India’s red-hot property stocks could be short-lived as record low interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class. That’s the view from market watchers, who see large listed firms emerging as the biggest beneficiaries amid an ongoing consolidation in the $200 billion ...
September 1, 2021

IndiQube signs up 30,000 sq ft workspace in Guindy

Representative Image IndiQube, a flexible-space provider, has signed up a 30,000 sq. ft managed office space in the micro-market of Guindy, Chennai. The center is a standalone property with a capacity of 600 seats. This property is a smart green building powered by MiQube, IndiQube’s proprietary technology platform, with on-demand solutions for Hot Desking, ...
September 1, 2021

Charges other than construction services will attract 18% GST: Maharashtra AAR

Charges collected by real estate developers, other than for construction services, such as those for utilities and maintenance will attract 18 per cent GST, ruled Maharashtra’s Authority for Advance Ruling. Charges for services such as installation of electricity meter, water connection, club house maintenance and development charges will not be treated as construction services, ...
August 29, 2021

DMIC: Project-hit families to get flats in Greater Noida

Representative Image GREATER NOIDA: The families who will be forced to give up their properties to make way for the Delhi-Mumbai Industrial Corridor (DMIC) will all be given flats in Greater Noida. To establish a multi-modal logistics and transport hub in the Dadri region, the district administration needs to acquire nearly 84 hectares of ...
August 28, 2021