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Sealing of Illegal Commercial Properties in Panchkula Villages

PANCHKULA: The Panchkula municipal corporation has decisively moved to seal illegal hotels and commercial properties in village areas that lack the necessary permissions or Change of Land Use (CLU) approvals. This decision came during a revenue realization committee meeting chaired by Mayor Kulbhushan Goyal and Committee Chairman Suresh Verma. To facilitate inspections, a building inspector and two assistant program officers (APOs) have been assigned the task of surveying the affected villages and compiling a report within a week. Properties found without approved building plans or CLU will be sealed, with applicable CLU charges to be collected from the owners. These…

Subhash Ghai Leases Mumbai Property for ₹3.38 Lakh/Month

File Photo NEW DELHI: Subash Ghai, along with Crest Ventures and Mukta Arts, has leased a commercial property in Andheri West, Mumbai starting at a monthly rent of ₹3.38 lakh. This commercial space, known as Crest Mukta, spans 7,500 sq ft (697 sq meters). The rental agreement, recorded with a stamp duty of ₹57,500 and registration fees of ₹1,000, involves a security deposit of ₹24.66 lakh, as per documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The contract was officially registered in July 2025. The lease is set for a duration of 60 months (five years),…

Cognizant to Invest $183M in New Vishakhapatnam Campus

BENGALURU: Cognizant Technology Solutions will invest ₹15.82 billion (approximately $182.76 million) to establish a new campus in Visakhapatnam, Andhra Pradesh, creating around 8,000 jobs, as announced by the state government on Friday. Operations are set to begin in March 2029, according to a press release from the Andhra Pradesh government. Cognizant has yet to respond to requests for comments. This announcement follows Tata Consultancy Services’ recent plans to develop a ₹13.70 billion campus in the same city, which is expected to generate 12,000 jobs. Such moves are part of Cognizant’s strategy to optimize real estate costs. In May 2023, CEO…