The chairperson of WBREAT stated, “As the basis for the case in the Consumer Commission proceedings is the same as that of the Regulatory Authority, the complainant must choose one of the two options and cannot pursue both at the same time.”
CHANDIGARH: Concerned about the lack of a firefighting system at the Dhanas Rehabilitation Colony, Punjab Governor and UT Administrator Gulab Chand Kataria has urged the Chandigarh Housing Board (CHB) to expedite its installation. The administrator expressed frustration over the delays and has instructed the CHB to take immediate action and report back within a month. Over 45,000 lives are at risk in the city’s largest rehabilitation colony, which has been without a firefighting system for 13 years. The colony contains 8,448 flats allocated to slum dwellers as part of a Government of India scheme, with residents moved in since 2013.…
NEW DELHI: ASK Property Fund has successfully exited its ₹650 crore investment in a residential project led by Mahagun Group in Noida, achieving an internal rate of return (IRR) of 21% and a 2.1x multiple, according to the company’s statement. The fund initially invested approximately ₹310 crore in 2021, supporting the project’s growth and providing structured capital for a saleable area of about 2.4 million square feet. Additionally, the fund has completed a full exit from its ₹1,500 crore debt fund launched in 2018, realizing an investment multiple of 1.83x. Published On Mar 24, 2026 at 02:59 PM IST Join…
NEW DELHI: The Maharashtra Housing and Area Development Authority (MHADA) has initiated the allotment and possession process for 537 rehabilitation flats within the Naigaon BDD Chawl redevelopment project in Mumbai. The flats are situated in towers 1, 2, and 3 of rehabilitation building number one. The allotment process is being executed at MHADA’s project office on the ground floor of tower five at Naigaon-Dadar. On the first day, MHADA’s Mumbai Housing and Area Development Board issued allotment letters to 15 eligible residents, and possession of the flats was granted to all 15 beneficiaries after completing the necessary documentation. Rehabilitation building…