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Haryana revises sub-regional plan, but builders must wait for change of land use licences

CHANDIGARH/GURGAON: There is a ray of hope for real estate projects awaiting change of land use (CLU) licences from the state government. The department of town and country planning on Tuesday submitted a revised sub-regional plan to the NCR Planning Board (NCRPB). The builders, however, will have to wait till the board approves the revised plan. Last month, the Punjab and Haryana high court had barred the state government from issuing CLU licences to developers or government agencies in NCR because of the same reason. Earlier, the NCRPB had highlighted loopholes in Haryana’s draft of the sub-regional plan, but the government failed to incorporate the changes. After a rap from […]




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HC sets aside order to ‘benefit’ landowners

Tribune News Service Chandigarh, February 21 Displaying the humanitarian side of law, the Punjab and Haryana High Court in a rare judgment has set aside a lower court order, though it was neither illegal, nor erroneous. Justice Rajiv Narain Raina made it clear that the judgment granting yet another opportunity to farmers to plead their case for a higher compensation for acquired land was being passed to “avoid miscarriage of justice”. The order came on a petition filed by Vijay Kumar and another petitioner against Haryana and other respondents. Their evidence in support of plea to enhance compensation awarded by the Land Acquisition Collector was turned down on the ground […]




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Realty group investors allege fraud

CHANDIGARH: TDI Investors Association, which includes 70 member investors from Chandigarh, on Wednesday created a row, alleging that the owners had cheated them of Rs 150 crore. The association, in a press conference, alleged that a legal agreement was signed between the company and the members in 2005 after which they paid 80% of the cost for showrooms in the mall and were promised possession by 2008. The members blamed the company of not giving them possession till date and neither paying them the returns. The project includes 70 shops varying from 400 sq ft to 1,000 sq ft. TDI chairman Ravinder Taneja, however, trashed the allegations, blaming the authorities […]




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Chandigarh Board scraps housing scheme amid poor response

The Chandigarh Housing Board (CHB) has terminated its housing scheme, which was announced last year, amid poor response. Applicants who were picked on the basis of a demand survey will get their paid amounts refunded while a new scheme is framed. The housing scheme in Chandigarh, which would have offered homes in Sector 53, has reportedly been scrapped by the housing board, CHB. Officials have been asked by the government to frame a new, which would be more affordable. The scheme was criticised for being so expensive. For 492 flats, Chandigarh Housing Scheme received only 178 applications despite the board reducing the prices of the flats twice and also extending the […]




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PM’s plan for 100 smart cities: Government set to ease norms for FDI in construction

NEW DELHI: The Narendra Modi government is set to substantially ease norms for foreign investment in the construction sector, hoping to drum up interest in the prime minister’s plans for 100 smart cities as well his affordable housing initiative. The government is seriously considering the removal of all restrictions on size and minimum capitalisation for the smart cities as well as affordable housing projects. “The discussions are on for exempting smart cities from all FDI conditionalities. We need to give them a push by making it attractive for investors,” said a government official. The new policy is also expected to provide easier exit windows.The proposal could be moved for the […]



  • Delhi
  • Real Estate India

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Real-estate firm asked to pay over Rs 11 lakhs for deficiency of service

NEW DELHI: The Delhi state consumer panel has asked real estate firm Omaxe Buildhome Pvt Ltd to pay over Rs 11 lakh to a retired Indian Airlines official after holding the realty firm of “deficiency of service” in the allotment of a flat at Greater Noida in Uttar Pradesh. The Delhi State Consumer Disputes Redressal Commission (SCDRC), presided by judicial member S A Siddiqui, asked the firm to pay Rs 11.14 lakh to Secunderabad resident Pradeep Chaudhary. Chaudhary had approached the Commission alleging “unfair trade practice” and “deficiency of service” on the firm’s part and said that despite his strong opposition, the company, on its own, changed the location of […]



  • Delhi
  • Real Estate India

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Nor’easters and Wind Roses

Where I live, in the northeast part of the United States, we have a special storm that goes by the name “nor’easter”. Do we call it that because that’s where we live? No. We call it that because, during a nor’easter, the wind blows hard and steady from the northeast.... read more >>





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Nigerian atheist faces death threats for blasphemy against Islam

"Nigeria is a secular state and freedom of speech is one of the fundamental characteristics of a modern democratic state. Criticizing a religion is not a criminal offence."





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The coronavirus pandemic intensifies Islamophobia in India

Since the start of India's COVID-19 lockdown on March 25, 2020, instances of Islamophobia have intensified, threatening the life, rights, and integrity of millions of Muslims.






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Trump tours, touts mask factory — but no mask for him

Making himself Exhibit A for reopening the country, President Donald Trump visited an Arizona face mask factory Tuesday, using the trip to demonstrate his determination to see an easing of stay-at-home orders even as the coronavirus remains a dire threat. Trump did not wear a mask despite guidelines saying they should be worn inside the factory at all times.




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Trump: COVID-19 task force not dismantling, just refocusing

One day after saying that the White House COVID-19 task force would be winding down, President Donald Trump said Wednesday it would continue indefinitely but focus more on rebooting the economy.




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Colorado GOP Chair Ken Buck pressured local official to submit incorrect election results

Colorado Republican Party Chair Ken Buck, a U.S. representative from Windsor, pressured a local party official to submit incorrect election results to set the primary ballot for a state Senate seat, according to an audio recording of a conference call obtained by The Denver Post.




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U.S. shelves detailed guide to reopening country amid coronavirus outbreak

A document created by the nation's top disease investigators with step-by-step advice to local authorities on how and when to reopen restaurants and other public places during the still-raging outbreak has been shelved by the Trump administration.





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Colorado Republican Chair Ken Buck in the hot seat after revelations over election results

Colorado Republican Chairman Ken Buck is facing criticism from within his own party after revelations that he pressured another party official to submit incorrect election results — and then spent party money to defend the move. At least two party executives say they were surprised to learn Buck — who’s also a U.S. representative — […]




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Ken Buck aide among those accused of election fraud, corruption by Weld County GOP chair

The Weld County GOP chairman has filed a complaint with the local district attorney and the Secretary of State’s Office accusing an aide to Republican U.S. Rep. Ken Buck and three others of election fraud and corruption.




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ADB President, Bangladesh Finance Minister Discuss Support for COVID-19 Response

ADB President Masatsugu Asakawa and Bangladesh Finance Minister and ADB Governor A H M Mustafa Kamal today discussed ADB’s support to Bangladesh in its fight against the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $1.5 Billion for Indonesia's COVID-19 Response

ADB today approved $1.5 billion in financing to support the Government of Indonesia’s efforts to alleviate the impact of the novel coronavirus disease (COVID-19) pandemic on public health, livelihoods, and the economy.




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ADB Provides $6 Million Assistance for Solomon Islands' COVID-19 Response

ADB today announced the release of a $3 million grant and a $3 million concessional loan from its Pacific Disaster Resilience Program (Phase 2) to help finance the Government of Solomon Islands’ response to the COVID-19...




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ADB Approves $1.5 Billion Financing to Support the Philippines' COVID-19 Response

ADB has approved a $1.5 billion loan to help the Philippine government fund its novel coronavirus disease (COVID-19) response program and strengthen the country’s health care system in its fight against the pandemic.




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ADB Accelerating Renewable Energy in Mongolia with Advanced Battery Storage System

ADB has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system.




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ADB, AIM Launch Global Hackathon for Digital Ideas to Respond to COVID-19 Crisis

ADB and AIM today launched the #DigitalAgainstCOVID-19 virtual challenge to crowdsource digital solutions and ideas to help countries in Asia and the Pacific deal with the medium- and long-term...




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ADB President, Pakistan Minister of Economic Affairs Discuss Scaling Up Support to Combat COVID-19

ADB President Masatsugu Asakawa and Pakistan’s Federal Minister for Economic Affairs and ADB Governor Makhdoom Khusro Bukhtiar today discussed how ADB can scale up its support for the government’s response to the COVID-19...




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ADB Approves $177 Million Loan for Road Improvement in India's Maharashtra State

ADB has approved a $177 million loan to India to upgrade 450 kilometers (km) of state highways and major district roads in Maharashtra State.




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ADB Needs to Strengthen Project Sustainability to Enhance Performance

ADB needs to address issues causing weak sustainability of its projects to improve performance, says the 2020 Annual Evaluation Review (AER) conducted by ADB’s Independent Evaluation Department.




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ADB Approves $200 Million Loan to Support the Philippines' Poor Amid COVID-19

ADB today approved a $200 million loan to support the Philippine government’s effort to provide emergency cash subsidies to vulnerable households amid the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $1.5 Billion Financing to Support India's COVID-19 Response

ADB today approved a $1.5 billion loan to the Government of India to help fund its response to the COVID-19 pandemic, including support for immediate priorities such as disease containment and prevention, as well as social...




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ADB Provides $346 Million Loan for Rural Electricity in Maharashtra, India

ADB has approved a $346 million loan to India to help provide efficient and reliable power connection to rural agriculture customers in the state of Maharashtra.




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ADB President, Nepal Finance Minister Discuss Support for COVID-19 Response

ADB President Masatsugu Asakawa and Nepal Finance Minister and ADB Governor Yuba Raj Khatiwada today discussed ADB’s support to Nepal in its fight against the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $100 Million to Support COVID-19 Response in Bangladesh

ADB today approved a $100 million loan to support the Government of Bangladesh in its efforts to address the immediate public health requirements of combatting the novel coronavirus disease (COVID-19) pandemic.




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Japan to Support ADB Developing Member Countries' Response to COVID-19 Challenges

ADB has provided several targeted interventions to support its developing member countries in combating the effects of the COVID-19 pandemic from its early stages. In support of ADB’s effort, the Government of Japan is...




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ADB Provides $200,000 Grant to Tonga for Cyclone Harold Relief

ADB today approved a $200,000 (460,000 pa’anga) grant to the Government of Tonga to help restore life-sustaining services following the damage from Tropical Cyclone Harold.




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ADB Approves $20 Million to Support Bhutan's COVID-19 Response

ADB today approved a $20 million loan to support Bhutan’s efforts to stimulate the economy, protect public health, and mitigate the effects of the novel coronavirus disease (COVID-19) pandemic on its people.




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ADB’s Trade Finance Program Supports Medical Supplies to Combat Pandemic in Sri Lanka

The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel ....




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ADB Approves $500 Million for Bangladesh's COVID-19 Response

ADB today approved an additional $500 million loan to bolster the efforts of the Government of Bangladesh to manage the impact of the novel coronavirus disease (COVID-19) pandemic on the country’s economy and the public health.




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ADB-Funded Laboratory to Scale Up COVID-19 Testing in the Philippines

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...




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ADB Releases Annual Report of Development Effectiveness

ADB has released the 13th annual performance report of its corporate results framework, the Development Effectiveness Review, a management tool that monitors performance and progress during 2019.




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Tata Housing’s subsidiary to invest Rs 300 crore near Chennai

Tata Value Homes Limited (TVHL), a 100% subsidiary of Tata Housing Development Company Limited, today strengthened its presence in South India by developing Spanish themed residential township at Sriperumbudur, near Chennai. The company plans to Invest around Rs 300 crore in setting up this township. Inspired by Spanish living, Santorini is designed by architects F+A. The township is spread across lush greenery at Sriperumbudur, one of the fastest growing corridors in Chennai. Speaking on the project Brotin Banerjee, MD & CEO, Tata Housing Development Co. Ltd., said, with rapid urbanisation and influx of global lifestyle trends more and more affluent home buyers are looking for homes to reflect the financial […]



  • Chennai
  • Real Estate Companies
  • Real Estate Developers
  • Real Estate India

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Five-star hotel comes down to make room for apartments

CHENNAI: City builder Ceebros has started pulling down the unfinished JW Marriott Hotel in the city, which it had bought from Hyderabad-based Viceroy Hotels for 480 crore last year. Viceroy group sold the property in MRC Nagar after completing the shell of the hotel because the hospitality sector in Chennai is going through a serious crisis with low occupancy in most five-star hotels. With more than half a dozen new star hotels being opened in the city in recent years, there is very high room inventory and hotels are struggling for business, say industry sources. Ceebros is pulling down the unfinished J W Marriott structure to redevelop it into a […]




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Property portal CommonFloor raises $30 million

BANGALORE: Online real estate portal CommonFloor has raised $30 million (over Rs180 crore) in its fifth round from existing investor Tiger Global. In January, the Bangalore-based company had raised about Rs 65 crore from Tiger Global and Accel Partners. Sumit Jain, cofounder and chief executive officer of CommonFloor, confirmed the investment. “We will invest in technology, product development, hiring and expanding to at least 22 new cities in the next one year,” he said. While the company did not disclose the valuation it received, Jain said that Common Floor expects to earn a revenue of $25 million in the next one year. “We have grown 100% in terms of revenue […]




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UNWRA launches coronavirus appeal

The United Nations agency for Palestinian refugees (UNRWA) launched an emergency coronavirus appeal Friday, saying Palestinians across the Middle East were suffering a devastating socio-economic impact.




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Tunisia inspects cargo on Turkish aid plane headed for Libya

Tunisia said it inspected a Turkish plane headed for Libya with medical aid that landed at an airport near the border.




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Saudi Arabia coronavirus cases exceed 35,000

The number of coronavirus cases in Saudi Arabia exceeded 35,000 on Friday as the kingdom struggles to get to grips with rising numbers of new infections.




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18 bodies of drowned Afghans recovered at Iran border

Afghanistan has recovered 18 bodies of migrants who were allegedly beaten and tortured before being forced into a river by Iranian border guards last week, a senior Afghan official said Friday.




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Kuwait imposes 20-day 'total curfew' from May 10 to curb coronavirus

Kuwait will enact a "total curfew" from 4pm (1300 GMT) Sunday through to May 30 to help to curb the spread of the new coronavirus, the Information Ministry said on Twitter Friday.




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Iran-linked hackers recently targeted coronavirus drugmaker Gilead

Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the COVID-19 virus.