The fund will hand over more than 4,000 homes starting 1 April. The govt has 50% investment in the fund, LIC & SBI each have 10% and rest are other public and private-sector players.
The case centres on a housing project — Parsavnath Privilege Project at Greater Noida — that was launched in September 2007 but has yet to be completed.
Most people are buying or renting property near popular tourist destinations in Goa, like Anjuna and Vagator, giving a boost to the beach town's Covid-hit real estate business.
Modi govt has raised the differential between circle rate and agreement value of residential properties to 20%. But the sop is limited in scope, say developers.
The SBICAP, which manages the govt sponsored stress fund for real estate sector, had proposed to provide Rs 625 Crore for construction of these six projects.
Commercial office space, which was the only bright spot in India’s otherwise struggling property market this decade, has seen vacancy rise to 14.1% from 12.7% a year ago.
It’s a dual threat that has businesses on edge and raises questions about if or when one of the world’s biggest finance hubs will regain its past prominence.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Billed as the military’s own version of Raisina Dialogue, the event will spotlight on tech-driven warfighting, lessons from Operation Sindoor and release of three new doctrines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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