HDFC Bank In a significant strategic decision following its historic merger, HDFC Bank Ltd. has announced its plan to monetize a vast portfolio of real estate assets it inherited from its parent company, Housing Development Finance Corporation (HDFC) Ltd. This move is designed to unlock billions in dormant capital, strengthening the bank’s balance sheet to fuel its next phase of growth. 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: