Kalpataru Projects Secures Orders Worth Rs 2,071 Crore, Including Metro Tunnel Project
Kalpataru Projects International Ltd (KPIL), an engineering firm, announced on Thursday that it, along with its subsidiaries, has secured orders totaling Rs 2,071 crore for power transmission and distribution projects, as well as the construction of an underground metro rail…
UP Real Estate Regulator’s Conciliation Forum Resolves Disputes Worth Rs 570 Crore
Between February 2019 and December 2023, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) successfully resolved disputes worth over Rs 570 crore through its conciliation forum, according to officials familiar with the matter. During this period, the authority managed to…
Property registration in Maharashtra to continue through the weekend
Prospective property buyers in Maharashtra will have the opportunity to finalize their transactions by paying reduced stamp duty rates until the last moment, just before the state government updates the ready reckoner rates starting April 1. Despite Good Friday being…
Adani Group Injects Rs 6,661 Crore into Ambuja Cements
The Adani Group has bolstered Ambuja Cements with a capital infusion of Rs 6,661 crore by converting 21.20 crore warrants into shares, thereby increasing its stake in the country’s second-largest cement company by 3.6 percent to 66.7 percent. The board…
Karnataka RERA Upholds Builder’s Position in Dispute Over Common Amenities Area
The Karnataka Real Estate Regulatory Authority (KRERA) bench, comprising Justice HC Kishore Chandra (Chairperson), Neelmani N Raju (Member), and GR Reddy (Member), dismissed the complaint filed by homebuyers against a builder regarding the construction on the area designated for common…
DDA Initiates Demolition Process for Signature View Apartments
The Delhi Development Authority (DDA) has commenced the procedure to demolish the deteriorating Signature View Apartments located in Mukherjee Nagar, North Delhi. Contractors are invited to submit bids for the demolition of 336 apartments belonging to both high-income and middle-income…
Transport Minister Nitin Gadkari Announces End of Toll System
Union Transport Minister Nitin Gadkari has announced the government’s decision to abolish tolls, introducing a new satellite-based toll collection system in its place. Under this system, funds will be deducted directly from bank accounts based on the distance traveled, aiming…
DLF to Raise Rs 600 Crore via NCDs for Debt Refinancing
DLF Ltd, a prominent realty firm, is set to raise Rs 600 crore through the issuance of non-convertible debentures (NCDs) to investors. This fundraising initiative, aimed at refinancing existing debts, was carried out by the company’s wholly-owned subsidiary, DLF Home…
Signature Global Secures ISO 27001 Certification for Information Security Management System
Leading real estate developer, Signature Global (India) Limited, renowned for its commitment to excellence achieved the coveted ISO 27001 certification for Information Security Management System (ISMS). This certification underscores Signature Global’s unwavering dedication to the highest standards of information security…
URC Starts Work on Chennai Metro Line-3 Package UG-03
URC Construction has initiated construction work on Chennai Metro Line-3’s Package UG-03, starting with the Thousand Lights Crossover. This segment, connecting KMC to Royapettah, marks a significant milestone for the project. Under a subcontract from Rail Vikas Nigam (RVNL), URCC…