Arunachal Approves 50 per cent SGST Reimbursement
The Arunachal Pradesh Cabinet, led by Chief Minister Pema Khandu, has approved a 50 per cent reimbursement of State Goods and Services Tax (SGST) for the 1,200 MW Kalai II Hydro Electric Project to encourage investment and speed up hydropower development. The project, located on the Lohit River in Anjaw district, is being developed by THDC India Ltd in collaboration with the Arunachal government and involves an estimated Rs 140 bn investment. It is projected to generate Rs 3.18 bn annually in free power and contribute Rs 22 mn per year to the Local Area Development Fund, benefiting nearby co..
Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC
ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..
Patra Chawl lottery held, 663 families allotted homes
Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..
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