NBCC still hopes to reach Rs 9,000 crore in consolidated revenue: Pawan Kumar Gupta
“Apart from the pollution ban, there was no other constraint and now that is also gone. The real estate for both commercial as well as residential segments are looking up. In fact, residential had already come up about six, eight months back and now commercial real estate is also looking up.”
Govt-owned WAPCOS Files Draft Papers for Public Issue
The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares
WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
As progress in delivery of flats lags, 50% directors of Unitech board resign
Half the directors on the board of Unitech have resigned two years after the Supreme Court ordered its overhaul. There has been a lack of progress in the delivery of flats to over 10,000 homebuyers, TOI reported Friday. Hiranandani group founder and MD Niranjan Hiranandani and former NBCC chairman and MD AK Mittal have resigned from their posts, joining HDFC MD Renu Sud Karnad and former SBI MD B Sriram, who did the same a few months ago.
'Twin towers demolition unlikely to impact housing demand, prices in Noida-Greater Noida'
In recent years, properties developed by builders with credible track record are in demand after a raft of instances of homebuyers facing problems of long delays in getting possession even after making payments.
Demolition of twin towers is a lesson for all stakeholders: Industry experts
According to the experts, this will fix the accountability for violating building laws. The state regulatory authorities under the Real Estate (Regulation and Development) Act, 2016 should be more empowered to take action against defaulters and protect consumers interest, they added.
"Prophecy coming true, Amrapali case will not leave me soon": SC judge Justice Lalit
A special bench of Justice Lalit and Justice Bela M Trivedi which hears the Amrapali case granted interim bail of four weeks to ex-Director Shiva Priya for the treatment of his 13-years-old daughter, who is suffering from various ailments.
Supreme Court seeks report on medical condition of Amrapali Group's former CMD
On June 9, the apex court had allowed Anil Kumar Sharma's, ex-CMD of Amrapali Group of Companies, surgery to be conducted at the All India Institute of Medical Sciences (AIIMS) for the repair of a "bilateral inguinal hernia" within a week. The top court, however, had refused to grant him bail for four weeks as sought by his counsel saying that allegations against Sharma were grave.
SC stays arbitral proceedings between Dhoni and Amrapali group over commercial dispute
Dhoni had moved to the Delhi High Court which, on October 16, 2019, had appointed its former judge Veena Birbal as sole arbitrator to arbitrate the commercial dispute between the cricketer and the real estate firm.
'Our priority is Amrapali home buyers get their flats and their claims': SC
A bench of Justices UU Lalit and Bela M Trivedi indicated the sequence of priority to be considered by the court and said that at first, it would endeavour that every Amrapali Group home buyers get their homes and then their claim as the case may be.
Amrapali home buyers object to extra payment plan to meet fund crunch, SC fixes Jul 25 for hearing
The Supreme Court on Tuesday put on hold for the time being a proposed policy decision of the court-appointed receiver to collect from Amrapali home buyers Rs 200 per square feet of their units to meet the fund crunch as it took note of objections raised by flat buyers to the plan.
Not yet time to buy IT stocks; be selective in infra plays: Sandip Sabharwal
“I would be still cautious about IT companies despite the corrections in these companies over the last few months. I would still think that the time to buy them is some time off. In the case of infra stocks, one must go for companies which are more focussed on getting orders profitably and not extending their balance sheets too much.”
Will China’s stimulus plans give another leg-up to commodities?
“China has a big structural growth issue and as it is and the issues they have got into is due to high fixed investments and miss-utilisation. On top of that, if they are going to invest so much more. I think China is getting into deeper trouble but that is for the longer term. For the short term, it could create some excitement in some commodities.”
NBCC may make Rs 1,500 cr from office space sale in Delhi in FY23
“Despite the pandemic, we have seen an encouraging response from the companies looking for office space in central Delhi,” said Alok Rastogi, senior executive director at NBCC. “While the majority of the sales happened to PSUs, we are planning aggressive campaigns to attract private investors.”
Homebuyers in Noida-Greater Noida worst hit; 1.65 lakh units of Rs 1.18 lakh crore stalled
Delhi-NCR alone accounts for a whopping 50 per cent with 2,40,610 stalled or delayed units worth Rs 1,81,410 crore. Giving further breakup of the Delhi-NCR data, Anarock said that Noida and Greater Noida region account for nearly 70 per cent of total stuck/delayed units while Gurugram's share is only 13 per cent.
Delhi’s Lieutenant Governor reviews east Delhi hub project, directs authority to complete it on time
Developed on around 63 acres of land, the project will have about 15 million sq ft of built-up area with 30 residential and commercial towers around Delhi Metros Pink and Blue Line corridors. The project has an investment of Rs 1,168.54 crore. LG had gone on a site visit at the location to see first-hand and take stf the status and progress of works.
SC directs ex-CMD of Amrapali Group to go before AIIMS board for examination on surgery
A vacation bench of Justices MR Shah and Aniruddha Bose was told by advocate Manoj Singh, appearing for Sharma, that as per the medical advice he needs to be operated and for that, he needs to be produced before the doctors for examination and fixing of a date for the surgery.
Stocks in the news: RIL, Granuels India, HDFC, SBI, Dodla Dairy and NMDC
Reliance Retail Ventures announced the acquisition of a majority 89 per cent equity stake in Clovia, an industry leader in the bridge-to-premium intimate wear category, with an investment of Rs 950 crore.