(viii) Realty News in Brief - 28/06/13 NEWS IN BRIEF – PIL in Guj HC alleges Adani flaunting stay order in APSEZ -- While the Adani Group-owned Adani Port and Special Economic Zone (APSEZ) claimed that it had obtained deemed environmental clearance as per law, people from Navinal village in Mundra, Kutch where the SEZ is located alleged in a public interest litigation (PIL) that company was flaunting its earlier order of stay on construction and development activities there. Dewan Housing Finance Ltd may buy majority stake in DLF Pramerica Life Insurance Company -- Mumbai-based Dewan Housing Finance Ltd (DHFL), the third largest housing finance firm in the country, has entered into negotiations to acquire majority stake in DLF Pramerica Life Insurance Company, a joint venture with US-based Prudential Financial. Govt may ease rules for retailers -- The government on Thursday indicated that it may relax rules to allow global supermarkets to set up shop in smaller cities and permit purchases from cooperatives and producer federations to be included in the mandatory sourcing clause.In addition,the government may clarify that acquisition of front-end operations by a foreign investor will be permitted. No FDI without policy clarity, say multi-brand retailers -- Retailers have warned that foreign investment will not flow into India in the multi-brand segment till the Government clarifies on key issues related to mandatory back-end investment and local sourcing. Commerce and Industry Minister Anand Sharma, who met representatives of major retail companies including Walmart, Reliance, Tesco and Carrefour on Thursday, assured them that an “early and appropriate” view will be taken on all areas of concern. Plan to construct over 1000 villas this fiscal: Casa Grande -- Real estate developer Casa Grande today said it proposed to construct over 1000 villas this fiscal and has projects worth Rs 1,250 crore in the pipeline. "Casa Grande plans to launch more than 1000 villas this fiscal and has projects worth Rs 1,250 crore in the pipeline for financial year 2013-14," the company said after the launch of its project to come up at suburban Perumbakkam. Property broker kidnapped in burrabazar, had huge loans -- Pradip Khandelwal, a property broker with huge loans in the market, was allegedly kidnapped from Burrabazar area on Thursday afternoon.Sources confirmed that Jorasanko police has started a case of kidnapping after Khandelwal informed his friend and his wife over mobile phone that he had been abducted by a gang of miscreants.Police said that Khandelwal took his friend, Manick Nandy, a resident of Charu Market, to Burrabazar to arrange a loan for him. After nearing Bangur Building on Mahatma Gandhi Road, he reportedly asked Nandy to wait outside the building.“Khandelwal disappeared. Nandy waited for some time. After half an hour, Khandelwal called him up and said he had been kidnapped. He also said he was being taken to an undisclosed location in an ambulance,” said an officer of Jorasanko police station. Cafe Coffee Day to add 500 outlets by 2015 -- Coffee chain Cafe Coffee Day (CCD) today said it will open over 500 outlets by 2015 to take its total network to 2,000 outlets as part of a pan-India expansion programme. The company will set up outlets based on the three formats -- cafe, lounge and square -- which it currently operates.
Posted on: Fri, 28 Jun 2013 07:26:04 +0000
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