Latest News, Updates & Breaking Headlines
NEW DELHI: Senior executives of some of the highway construction companies told TOI that the increase has started impacting the road construction cost as bitumen and fuel expenses are around 30% of the project cost. “Since the commercial diesel price is revised from time to time, we are worried whether there will be another round…
NOIDA: An FIR was registered against two builders who own the water-filled pit in Sector 150 where a 27-year-old software engineer drowned after his SUV broke through a damaged boundary wall and plunged into it around Friday midnight.Police said the plot was not properly secured with a boundary wall, fencing or reflectors, turning it into…
NEW DELHI: The apex body of highway builders, NHBF, has opposed the road transport ministry’s move to end arbitration in disputes with claims of over Rs 10 crore even for ongoing and contracted projects where arbitration has not been invoked yet. It has also requested finance minister Nirmala Sitharaman to issue sector-specific clarification or guidance…
NEW DELHI: An FIR has been lodged against two real estate developers after 27-year-old, Yuvraj Mehta, died when his car skidded off the road and plunged into an over 20-feet-deep, water-filled pit in Greater Noida amid dense fog. The victim’s family alleged that repeated requests to install barricades and reflectors at the accident-prone site were…
NEW DELHI: Road transport minister Nitin Gadkari on Thursday said he has asked state governments to investigate “corruption”, irregularities and flouting of norms by sleeper bus body builders and authorities registering such vehicles and issuing fitness certificates.Talking about fire incidents in sleeper buses that have claimed 145 lives in three months, including in Rajasthan and…
BENGALURU: Builders must insure common areas or risk footing the bill for disaster repairs – that is the message from Karnataka Real Estate Regulatory Authority (K-Rera).In a recent order, the authority directed the developers of an apartment complex on Kanakapura Road to furnish all insurance documents for the project within 30 days, while partly allowing…
NEW DELHI: A member of the government’s Central Advisory Council (CAC) has told the housing ministry that mandatory registration of real estate projects under RERA has become meaningless as it doesn’t ensure compliance or protect homebuyers. He has urged the ministry to make mandatory the submission of a “declaration” by builders and their group entities…
NEW DELHI: Amid instances of builders and their agents using “govt-style terminology” to make their projects resemble official housing schemes, the Centre has asked states and real estate regulators (RERAs) to take action to stop such advertisements to prevent buyers from being deceived. They have also been asked to submit reports to ensure the protection…
Eyewitnesses said four to five armed men scaled the iron gate and unleashed the volley of bullets at the building. GURGAON: In yet another alarming incident of lawlessness in Gurgaon, unidentified assailants opened fire at the office of MNR Buildmark in Sector 45 late Thursday night.The attack, which took place around 9.30pm barely a few…
