AGEL Announces Leadership Change: Amit Singh Steps Down

CHB Cancels 29 Flats Over Licence Fee Defaults

The Chandigarh Housing Board (CHB) has intensified its enforcement against allottees defaulting on outstanding licence fees. Following the revocation of 126 small flats in December, the CHB nullified the allocation of 29 additional dwellings in the first week of the new year. These cancellations pertain to houses under the Small Flats Scheme in Sector-49 and other areas. The 29 flats have pending licence fees ranging from Rs 40,000 to ?1.50 lakh per unit. Defaulters have been directed to vacate the properties within a month and surrender possession to the board. The CHB recently published a li..

JK Lakshmi Cement Urges GST Cut, Plans Expansion in Bihar

JK Lakshmi Cement has urged the government to reduce GST on cement from 28% to 18% in the upcoming Budget to boost consumption of this critical building material. Arun Shukla, President and Director of JK Lakshmi Cement, emphasized the need for policy measures to support cement-driven infrastructure growth at the 'Bihar Business Connect 2024' meet. "Cement is a major driver of economic growth," Shukla noted, highlighting its role in building world-class infrastructure. He also stressed the advantages of cement concrete roads, citing their cost-effectiveness and longevity over bitumen roads. Th..

Ananthay Properties Buys 20 Acres in Bengaluru for ?630 Crore

Ananthay Properties, a subsidiary of the Brigade Group, has finalized a definitive agreement to acquire a 20-acre land parcel on Whitefield-Hoskote Road, Bengaluru, for ?630 crore. The proposed residential project will span approximately 2.5 million square feet of saleable area and is projected to generate a Gross Development Value (GDV) of ?2,700 crore. Pavitra Shankar, Managing Director of Ananthay Properties, emphasized the company's commitment to expanding its portfolio in key markets. "We remain focused on acquiring prime land in key markets to strengthen our land holdings," she said. The..