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Macrotech Developers' Net Debt Surges 43.5% to Rs 43.20 Bn in Q1 FY25
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Cargo carriers warn port strike could cripple half of US trade
The world's largest container carrier is urging its customers to divert US cargo to East and Gulf Coast ports ahead of a planned dockworker strike set to begin on Tuesday, which could disrupt up to half of the nation's seaborne trade. In a customer alert issued, MSC Mediterranean Shipping Co. SA informed that ongoing negotiations between the longshoremen's union and port employers might not reach a resolution by the September 30 deadline, potentially leading to terminal closures starting October 1. This would cause delays in the movement of containers, both imports and exports, via trucks and..
Tamil Nadu Unveils New Rules for Apartment Ownership Act
A framework has been established for the redevelopment of 30-year-old buildings that had been stalled due to resistance from a small group of residents. This development follows the introduction of new rules by the housing and urban development department on September 24, which strengthen the Tamil Nadu Apartment Ownership Act that came into effect on March 6. According to the new rules, apartment owners are required to establish an association, create by-laws, and register the association, with a minimum of four apartment owners necessary to form it. Each association will have a board of man..
SC: RERA bodies serve as 'rehabilitation centres' for ex-bureaucrats
The Supreme Court remarked that the Real Estate Regulatory Authority (RERA) has become a venue for retired bureaucrats, criticizing their influence on the effectiveness of the Act. A division bench comprising Justices Surya Kant and Ujjal Bhuyan was hearing the case of Bharati Jagat Joshi v. Reserve Bank of India and Others. The apex court stated, as reported by Bar and Bench, that they did not wish to discuss RERA further, emphasizing that it has become a rehabilitation center for former bureaucrats who have undermined the entire purpose of the Act. Established in 2016, the RERA Act aims to ..
