Mumbai, The Bombay High Court upheld the Maharashtra government's decision to increase the tenancy rent in Mumbai's Bandra based on the Ready Reckoner (RR) rate, holding that it was not "arbitrary" as the suburb is a real estate zone of high level.However, a division bench of Justices B P...
Municipal Corporation Greater Mayor Soumya Gurjar said that new licenses will be given or licenses will be renewed only to those shops which have a commercial lease of the property (shop). It was also decided to dispose of the lease applications pending in the Municipal Corporation within a...
The BrihanMumbai Municipal Corporation (BMC) said it would comprise 120 acres of land acquired from Mahalaxmi Racecourse and around 175 acres from the Mumbai Coastal Roads Project (MCRP).Proposed to be designed along the lines of New York's Central Park, it would be a lush green paradise...
Mumbai: The Mumbai civic body has signed an agreement to lease 91 acres of the Mahalaxmi Racecourse land to the Royal Western India Turf Club Ltd (RWITC) for 30 years.Describing it as a "significant step", the Brihanmumbai Municipal Corporation (BMC) on Wednesday claimed that this move has...
New Delhi: Office demand across seven major cities reached an all-time high with gross leasing of 33.54 million sq ft in the first half of this calendar year, according to JLL India.Real estate consultant JLL India on Wednesday released office demand data for the January-June period this year...
Jaipur (Rajasthan) [India], The State Government of Rajasthan has constituted a committee for impartial investigation of cases relating to individual tenancies in Rajasthan. On the instructions of Chief Minister Bhajanlal Sharma, this committee has been constituted under the chairmanship of...
However, the Cabinet, which reviewed the land lease given to the Royal Western India Turf Club, made it amply clear that no construction would be permitted at the racecourse.An ambitious world-standard Central Public Park project, similar to London's Hyde Park and New York's Central Park, is...
According to the government spokesperson, many villages will be included in the development authorities of these cities.In another important decision, the cabinet has also approved the proposal to give life imprisonment to those who leak question papers in Uttar Pradesh.Under this, a fine of...
While the YSRCP termed the action of the TDP-led NDA government as a political vendetta, the latter defended its action on the grounds that the party offices were being built “illegally”.Launching a fresh attack on the YSRCP, State Minister and TDP General Secretary Nara Lokesh on Sunday...
Jagan Reddy accused the newly elected Chandrababu Naidu government of carrying out a "politics of revenge", while the latter termed it a "judgment", alleging that the party office was illegally built on the land of the state Irrigation Department. .As the issue becomes a major controversy...
Noida, The board of the Greater Noida Industrial Development Authority (GNIDA) on Saturday approved a proposal to increase land allotment rates by 5.30 per cent for financial year 2024-25, according to an official statement.GNIDA said that several developmental projects including Greater Noida...
New Delhi: The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet on the insolvency petition filed by the debt-ridden air carrier's aircraft engine lessor Engine Lease Finance BV.A single-member NCLT bench has asked SpiceJet to file a reply on the Engine Lease Finance (ELF)...
Gilgit [POGB], The administration of Pakistan-occupied Gilgit Baltistan (POGB) has reportedly entered into a lease agreement with Green Pakistan Tourism, a wing of the Pakistan Army, for 37 rest houses in forest locations.According to a report by Khaama Press, a Kabul-based online news...
NEW DELHI: Tata Group-owned Air India is planning to undertake more maintenance work of the aircraft under its own quality control amid several instances of its older planes facing operational issues, according to a senior company official. Airlines are using the engineering skills available to...
Skardu [POGB], Hundreds of residents of Skardu in Pakistan-occupied Gilgi Baltistan (POGB) staged a major protest over the administration's recent decision to lease out several government guest houses and forest lands to private business owners from Punjab province, a From local news outlet...
New Delhi: Engine Lease Finance BV, the aircraft engine leasing company of SpiceJet, has filed an insolvency petition before the NCLT against the debt-ridden airline for non-payment of more than US $ 12 million (about Rs 100 crore).Engine Lease Finance (ELF) has leased eight engines to...
Gilgit City [POJK], Leaders of the Awami Action Committee (AAC) belonging to Pakistan Occupied Gilgit Baltistan (POGB) on Thursday held a conference at Gilgit Press Club, demanding the decision to lease out the forest land of POGB to private business owners. The local government was criticized...
New Delhi: The Indian paper industry has urged the government to provide barren land on long-term lease for pulpwood plantations to paper mills to overcome raw material shortage and boost rural employment.The industry has highlighted that there is a large portion of barren land available in...
New Delhi: The board of co-working firm EFC (I) Ltd has approved a proposal to set up an entity that will act as investment manager for small and medium real estate investment trusts (SM REITs).Pune-based EFC (I) Ltd, which is listed on BSE, has over 35 centers across seven states –...
Mumbai: Aditya Birla Group Chairman Kumar Mangalam Birla on Thursday said Vodafone Idea's Rs 18,000 crore fund raising is a "fresh lease of life" for the company and claimed the telco will make a smart comeback.The company, which is struggling to retain customers amid the aggressive play of...