2024

Mumbai has of late been witnessing a surge in housing society redevelopment projects with several listed real estate developers picking up old buildings in the land starved city to redevelop them into modern apartments. This is primarily because there are several buildings that are old enough to require immediate facelift and there is interest by many large and listed developers as they have the...

SHANGHAI/SINGAPORE, Feb 20 (Reuters) - China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property market. China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday as authorities ramped up efforts to stimulate credit demand and revive the...

The Noida authority has decided to penalise the construction agency UP State Bridge Corporation Ltd (UPSBCL) that is building Bhangel elevated road above Dadri-Surajpur-Chhalera road. The Noida Authority has also decided to write to the state government about the negligence and deficiencies in construction work of the 5.5-km Bhangel Elevated Road (Sunil Ghosh/HT Photo) The measure came after...

The Delhi government on Monday said it will sign a Memorandum of Understanding (MoU) with the Centre and the Delhi Metro Rail Corporation (DMRC), which is likely to expedite work for the three under-construction Phase-4 Metro corridors, officials aware of the matter said....

The Gurugram bench of the Haryana Real Estate Regulatory Authority (HRERA) on Monday directed OSB Developers to explain the resolution plan that they had submitted to the authority in the next hearing on February 26 and outline the proposal to complete three pending projects in the city. The developer said that they were committed to completing the projects and delivering them to buyers. (HT...

Listed real estate company Arvind SmartSpaces Limited (ASL) has sold more than 220 housing units valued at over ₹160 crore in its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, the company said in a regulatory filing on February 19. Arvind SmartSpaces Limited (ASL) has sold more than 220 housing units valued at over ₹160 crore in its residential plotted...

'I’m smart enough to have multiple options' - Jaishankar defends India's stand on purchase of Russian oil Indian Foreign Minister, S Jaishankar, faced pointed questions about Indian policy, particularly regarding Russian oil imports, during a high-profile session at the 60th Munich Security Conference. He...

'I’m smart enough to have multiple options' - Jaishankar defends India's stand on purchase of Russian oil Indian Foreign Minister, S Jaishankar, faced pointed questions about Indian policy, particularly regarding Russian oil imports, during a high-profile session at the 60th Munich Security Conference. He...

Zydus Lifesciences gets USFDA nod for generic drug to prevent chest pain in heart patients The approval by the US Food and Drug Administration (USFDA) is to manufacture and market Isosorbide Mononitrate Extended-Release, of strengths 30 mg, 60 mg, and 120 mg, Zydus Lifesciences said in a regulatory...

As if the commercial real estate market weren’t in enough trouble already, there’s a new risk lurking in property portfolios. Real estate companies are facing a major blow to asset valuations, as evolving European requirements drive investors and bankers to cut their exposure to buildings with a big carbon footprint. (Picture for representational purposes only)(Pixabay) Real estate...