Delhi Police Apprehend Parsvnath Landmark Developers CEO
In a dramatic turn of events, Delhi Police have taken Sanjeev Jain, the CEO of Parsvnath Landmark Developers, into custody. The arrest follows a series of non-bailable warrants issued against Jain by the National Consumer Disputes Redressal Commission. Jain had repeatedly failed to appear before the commission to answer charges
GDA Nears Approval for Wave City, Bringing Relief to Thousands
Ghaziabad: A breakthrough appears imminent for the long-stalled Wave City project in Ghaziabad. The Ghaziabad Development Authority (GDA) is on the verge of approving the project’s detailed project report (DPR), a crucial step towards its completion. The approval, however, comes with a condition. Wave Group, the developer, must mortgage properties
1 BHK Homes Gaining Popularity Among Bengaluru Millennials
The escalating cost of living, changing lifestyles, and robust job market in Bengaluru are driving a surge in demand for 1 BHK homes among millennials. Bengaluru, a burgeoning metropolis renowned for its IT corridor and youthful energy, is experiencing a pronounced shift in residential preferences. Millennials, the city’s dynamic workforce,
Bengaluru’s Rental Market: A Perfect Storm
Bengaluru, India’s Silicon Valley, is experiencing an unprecedented rental market frenzy. A recent incident has underscored the city’s housing affordability crisis. A 2BHK apartment in the prime locality of Koramangala was listed on X for a staggering monthly rent of ₹43,000, accompanied by a hefty security deposit of ₹2.5 lakh.
Goa to Welcome Sixth Taj Hotel
Mumbai-based real estate developer Bharat Realty Venture Pvt Ltd (BRVPL) is set to add another feather to Goa’s tourism cap. The company will commence construction of the state’s sixth Taj Hotel in the picturesque Anjuna area from September 2024. Envisioned as a luxurious retreat, the hotel will boast 170 sea-facing
Ola Executive Amit Anchal Acquires Lavish Bengaluru Villa
Amit Anchal, a key figure at Ola and the architect of the company’s IPO, has made a significant investment in Bengaluru’s luxury real estate market. Property registration documents reveal that Anchal has purchased a ₹13.5 crore villa within the prestigious Adarsh Palm Retreat Villas on Marathahalli Outer Ring Road. The
Goa CM Rejects Residential Project on Zuari Agro Land, Vows Strict Action
Goa CM rejects residential project on Zuari Agro land, vows investigation, and seeks legal advice to prevent land-use change. Goa Chief Minister Pramod Sawant has categorically ruled out the possibility of converting industrial land owned by Zuari Agro Chemicals Ltd in Sancoale into a residential complex. This decisive stance comes
LIC Housing Finance’s Profitability Takes a Hit
LIC Housing Finance has reported a slight decline in its net profit for the first quarter of the fiscal year 2025. The company’s earnings stood at Rs 1,300 crore, marking a 2% decrease compared to the same period last year. This downturn can be primarily attributed to a contraction in
Delhi High Court Orders Arbitration in PVR INOX-Ansal Plaza Mall Dispute
The Delhi High Court has intervened in a protracted legal battle between entertainment giant PVR INOX and Ansal Plaza Mall in Greater Noida. The dispute centers around the sealing of PVR INOX’s four-screen multiplex due to alleged unpaid government dues by the mall owner, Sheetal Ansal. PVR INOX had sought
Greater Noida Offers Six-Month Reprieve to Homebuyers
In a much-awaited move that has brought relief to thousands of homebuyers, the Greater Noida Industrial Development Authority (GNIDA) has announced a six-month penalty waiver for the registration of flats in projects that have secured partial occupancy certificates (OCs). This decision comes in response to mounting pressure from homebuyers’ associations
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