According to the counsel, the receiver informed the court that UCO Bank is also interested in becoming part of an arrangement proposed by SBI Caps, through a joint funding arrangement.  SBI Cap Wednesday informed the Supreme Court that it is willing to fund the stalled housing projects of the Amrapali Group, and for this purpose, a special purpose…

Union minister of commerce and industry Piyush Goyal came down heavily on real estate developers on Wednesday, telling them that many continue to hold on to high-priced inventory despite several reminders. Goyal said builders have no choice but to construct and sell projects at reduced and realistic prices, without waiting for the market to improve. “…You…

The index revealed prices went up by 0.49 percent from AED862 per square foot in March to AED866 per sq ft in April. Property prices in Dubai are down almost 30 percent from the market peak in September 2014 and are just 10.4 percent away from the trough of April 2009, according to the latest…

Real estate companies are seeing an increase in the number of queries for purchases from non-resident Indians (NRIs), especially from those based in the Middle-East. The increase in queries may be linked to NRIs wanting to return to India amid rising coronavirus cases in the Gulf Cooperation Council (GCC) region and as job losses there…

Marble, since long has been an architectural delight for sculptors and artists, a naturally occurring mineral rock it offers a unique glory to the designs with its natural elegance and aesthetics. With it being available in a wide range of textures, colour and forms, it is a dream for architects and construction crew alike. Marble…

The works are part of an 18-month project for the remaining residential zones within Phase 1 of the Dh5 billion Jubail Island project. The Jubail Island Investment Company has awarded a Dh200 million contract to Gulf Contractors Company, for infrastructure works at its flagship development in Abu Dhabi. The works are part of an 18-month…

The package by the Dubai Economy agency, which is mandated to develop the small and medium enterprise (SME) sector, also includes remote advice and training. From postponing rent payment to allowing easier access to SME financing, the new Dubai SME package includes new initiatives to help the city’s entrepreneurs navigate Covid-19-related challenges. The package by the…

MUMBAI: As Unlock 1.0 begins, housing societies across the city are taking their first tentative steps to opening up. While restrictions on outsiders continue to be in place, several societies are allowing technicians, plumbers, electricians and delivery persons with mandatory checks. Thermal screening and Aarogya Setu app are a must at many places now. But…

HSIIDC has invited suggestions for a policy on the same from various stakeholders by June 10.  As industries continue to struggle with manpower due to lockdown restrictions, Haryana State Industry and Infrastructure Development Corporation (HSIIDC) is working on a policy for allotment of industrial workers’ housing units that have failed to attract takers in over…

The Delhi government standing counsel (criminal), Rahul Mehra, accepted the notice on behalf of the jail authorities.  The Delhi High Court has sought response of the Tihar prison authorities on a plea by jailed Unitech directors Sanjay Chandra and his brother Ajay seeking daily access to their lawyers via video conferencing, till the COVID-19 threat remains, to prepare…