Property News from IndianRealtyNews |  |
- DDA Showed Undue Favor to Emmar MGF in Awarding Residential Complex Contract: CAG
- Farmers Reject Patwari Pact, Demand Better Package
- Govt Firms up New Draft Acquisition Bill
- RP Group Plans 1000cr Investment in Hospitality Sector
- IHCL Plans 8 More Hotels across the Globe by 2014
| DDA Showed Undue Favor to Emmar MGF in Awarding Residential Complex Contract: CAG Posted: 08 Aug 2011 08:07 PM PDT The Comptroller and Auditor General (CAG) has said that "undue favour" was shown to Emaar MGF in the award of the contract for construction of Commonwealth Games residential complex. DDA allowed "several financial concessions" to Emaar MGF including revision of milestones and delay or non-levy of liquidated damages, it said. The report also noted [...] |
| Farmers Reject Patwari Pact, Demand Better Package Posted: 08 Aug 2011 07:21 PM PDT A day after the Greater Noida administration struck a deal with farmers of Patwari village in Noida Extension on the land acquisition issue, farmers from neighbouring villages dismissed the settlement and reiterated their demands for a better package. On Saturday, the farmers of Patwari had agreed to withdraw their petitions for a 65 per [...] |
| Govt Firms up New Draft Acquisition Bill Posted: 08 Aug 2011 07:19 PM PDT Amid a raging controversy over land acquisition norms, the government has firmed up the draft of a new Bill which makes consent of 80 per cent of land owners mandatory before purchase of land. The new draft Acquisition Bill, which is expected to be unveiled in the next few days, includes recommendations of Sonia Gandhi-led [...] |
| RP Group Plans 1000cr Investment in Hospitality Sector Posted: 08 Aug 2011 07:12 PM PDT The RP Group of NRI businessman, Ravi Pillai, is planning to make investments of around Rs 1,000 crore in the hospitality sector in various parts of India in the current financial year. Ravi Pillai, chairman of the Group, said that Kerala would be one of the main destinations for the investments as the State [...] |
| IHCL Plans 8 More Hotels across the Globe by 2014 Posted: 08 Aug 2011 06:25 PM PDT Indian Hotels Company Ltd (IHCL) plans to add eight more hotels across the globe by 2014, said its chairman, Ratan Tata, at the company’s annual shareholders’ meeting on Friday. IHCL runs the Taj brand in the luxury five-star segment, the Vivanta brand in the four-star segment, Gateway Hotels in the three star-segment and Ginger in [...] |
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