“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.”

The NSE Nifty index closed 23.05 points up at 18267.25

The S&P BSE Sensex and Nifty50 recouped losses on Wednesday to settle with mild gains.

The income from operations increased 8 percent to Rs 2,013 crore during the quarter under review against Rs 1,857 crore in the same quarter last fiscal.

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 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.

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.

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.

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.

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.

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.

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.

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.

Hon’ble Prime Minister Shri Narendra Modi inaugurated the All India Institute of Medical Sciences (AIIMS) Hospital on 12th July 2022 at Deoghar, Jharkhand. Executed under Pradhan Mantri Sw - Mediawire

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.

The agency has booked former Delhi Jal Board (DJB) officials Chief Engineer Jagdish Kumar Arora, Superintendent Engineer P K Gupta, Executive Engineer Sushil Kumar Goel, Assistant Engineer Ashok Sharma, AAO Ranjit Kumar, then General Manager NBCC DK Mittal and Project Executive Sadhan Kumar besides private company NKG Infrastructure Limited.

“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.”

“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.”

The NSE Nifty index closed 143.1 points up at 16132.9

“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.”

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.

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.

As per the data, as many as 36,830 incomplete homes were completed in Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Kolkata, Chennai and Pune between January and May this year.

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.

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.

L&T Infotech, ACC, Mastek, PCBL, Tata Steel Long Products, Benares Hotels, Godavari Drugs and Longview Tea Company are the companies that will announce their March quarter results today.

Tinplate Company of India, Hathway Cable, Anand Rathi Wealth, GM Breweries, Evexia Lifecare and Gayatri BioOrganics are among the companies that will announce their March quarter results today.

Tinplate Company of India, Hathway Cable, Anand Rathi Wealth, GM Breweries, Evexia Lifecare and Gayatri BioOrganics are among the companies that will announce their March quarter results today.

State-run NBCC has expedited the sale of unsold units of Amrapali to fund the construction of stuck projects as a consortium of seven banks is yet to take a final decision on funding the construction.

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.

“In the case of Reliance, one can choose an entry point in terms of wherever one wants to as far as the pricing goes. It should be part of the core portfolio for India.”