Penalty On Cement Players Credit Neutral: India Ratings

New Delhi: The Competition Commission of India’s penalty of over Rs. 6,700 crore on eleven cement agencies quantities to 20-seventy five in keeping with cent of the gamers’ 2015-sixteen operating earnings, but, the pass is credit score neutral due to

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Buyers Need To Be Paid Back: Supreme Court To Supertech

New Delhi: The Splendid Court docket on Tuesday gave a stern message to Supertech asking it to go back cash to buyers, pronouncing it become not concerned whether or not the actual estate fundamental “sinks or dies”. “Both you (Supertech)

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Realty Law Has ‘Serious Anomalies’, Can Stifle Growth: DLF

New Delhi: Realty predominant DLF’s chairman, K P Singh, has said there are some “extreme anomalies” inside the actual property regulatory law, which include no provision for single-window approval system, which pose a grave challenge for the developers and might

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RERA fears make PE firms and strategic investors tweak realty contracts

Mumbai A good deal of private equity as well as strategic buyers who’ve invested in actual property, especially at undertaking degree, are renegotiating their contracts with the developers fearing litigation and fines as soon as the new actual estate regulations

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700 old buildings in Kamathipura become 24 swanky towers

Mumbai Kamathipura is losing its character. If all is going in accordance to devise, within a few years it’ll have traded its hovels for snazzy excessive-rises. The proposed cluster redevelopment consists of two-thirds of this vital region, but leaves out

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HC orders tighter norms on gains from property sale

Mumbai The Profits-Tax (I-T) Act presents for exemption from long-term capital profits wherein the sale proceeds of the authentic asset are invested in a new residential belongings. The Bombay high courtroom, in a latest order, has held that such an

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