TVS Emerald records grand sale of Rs 1.69 billion on launch day

Pune: MPCB serves notice to IT firm over noise, dust at construction site

The Maharashtra Pollution Control Board (MPCB) has issued a show-cause notice to Cybage Software, an IT firm, requiring it to respond within seven days for violating environmental regulations during the construction of its new building in Kalyaninagar. The notice warned that if the company failed to respond within the given timeframe, MPCB would take action against the project. It stated that the firm had exceeded permissible noise limits during the construction of its new tower in Kalyaninagar. Additionally, the pollution board found that water was being discharged into a nearby nullah duri..

Private equity investment in real estate dips 4% to $2.3 bn in H1 FY25

Private equity investments in the Indian real estate sector saw a 4 per cent decline to $ 2.3 billion in the first half of the current fiscal year, primarily due to a reduction in inflows to office assets, according to a report by Anarock. The real estate consultancy highlighted that the total number of deals dropped to 17 during April-September this year, down from 24 in the same period the previous year. Shobhit Agarwal, MD & CEO of ANAROCK Capital, explained that private equity investments in office assets are largely driven by foreign investors, but these investments have decreased due t..

Approval delays stall six town planning schemes in Pune metro region

Six proposed town planning (TP) schemes, covering 1,000 hectare in the Pune Metropolitan Region and to be executed by the Pune Metropolitan Region Development Authority (PMRDA), are unlikely to commence before the end of the year, as the state government has yet to approve the proposals. Five of these schemes are planned along the proposed ring road, while the sixth pertains to Maan-Mhalunge, which was highlighted as a model project during the 2019 assembly elections. A senior official from PMRDA explained that the proposal for Maan-Mhalunge had been recently revised and submitted, while t..