March 24, 2018
NEW DELHI: A Delhi court has ordered 18 months jail to the principal officer of a garment export firm and imposed a fine of Rs 25 lakh on the company for delay in depositing the tax deducted at source (TDS) for three years. The court has also imposed Rs 60,000 fine on the principal officer.…
March 24, 2018
MUMBAI: Residential real estate across the country’s top seven property markets have been witnessing fewer launches as developers, instead of infusing new supply in the market, are focussing on executing their under-construction projects in order to remain RERAcompliant and relevant in the rebooted market scenario. Launches of residential apartments across markets including Mumbai, National Capital…
March 24, 2018
NEW DELHI: The Supreme Court has ordered Jaiprakash Associates to deposit an additional Rs 200 crore in two instalments by April 15 and May 10 to refund homebuyers in projects being developed by a group company. The company has already deposited Rs 550 crore. The court was hearing a petition filed by New Delhi-based Chitra…
March 24, 2018
Mumbai: Realty developer Embassy Group will be investing about Rs 2,000 crore to develop nearly 6 million sq ft commercial space at Embassy TechVillage in Bengaluru. This will be the next phase of construction of the IT park, encompassing a development area of 12 million sq ft. Embassy has already completed nearly 4.5 million sq…