HDFC Bank has announced plans to monetize properties acquired through its recent merger with HDFC Ltd. The bank intends to sell a mix of residential and commercial assets to raise funds. This strategic move is aimed at enhancing the bank’s capital and liquidity, supporting its ongoing growth initiatives. Key Highlights:
Indore authorities have sealed eight commercial units operating illegally in basements, citing safety violations. These businesses were found to be non-compliant with fire safety codes and zoning regulations. The crackdown is part of the city’s efforts to enhance safety standards and ensure adherence to regulations. Key Highlights:
The Maharashtra Coastal Zone Management Authority (MCZMA) has launched an investigation into potential violations of the Coastal Regulation Zone (CRZ) in housing projects under the Pradhan Mantri Awas Yojana (PMAY) in Navi Mumbai. The investigation will assess whether these projects comply with environmental regulations and coastal development norms. Key Highlights:
Residents’ welfare associations (RWAs) in Gurugram are at risk of deregistration and penalties for failing to submit their mandatory annual audit reports on time. Authorities have stressed the importance of timely audit submissions to maintain registration and avoid fines. Key Highlights:
