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Solar heaters must for buildings in Karnataka: HC
Tuesday, October 3, 2017, 6:29 PM
The Karnataka High Court has rejected a petition which challenged the rule that makes solar water heaters mandatory for new houses. A resident of Kalaburgi had challenged the rules alleging that it violated fundamental rights — and discriminatory — as only those who build houses above a certain limit had to install them. The HC, however, found no substance in the arguments.
Capacit'e Infraprojects' Rs 400 cr IPO to open on September 13
Wednesday, September 6, 2017, 8:52 PM
Engineering firm Capacit'e Infraprojects' Rs 400 crore initial public offer (IPO) will be launched on September 13. The issue, with a price band of Rs 245-Rs 250 per equity share, will close on September 15. The company, which is focused on construction of residential, commercial and institutional buildings, had reported a turnover of Rs 1,157 crore in financial year 2017.
Plot promoters in TN to also face action under real estate act
Friday, May 19, 2017, 11:07 AM
Union urban development minister M Venkaiah Naidu warned last week of penal action against realtors dishonouring their promises. But it's not just builders who face punitive measures under the new Real Estate Act. The ambitious legislation, which came into effect on May-1 across the country, also deals with plot promoters. The act is yet to be enacted in TN as the state government has not ratified the draft rules.