Anil SwarUp - Secretary, Ministry of Coal, Government of India & Former Additional Secretary, Cabinet Committee on Investments Efficiency could well be the middle name of Anil Swarup who has set an astonishing clearance track record.
When you follow a pattern similar to Prime Minister Narendra Modi, you know you´re doing something right! Gujarat cadre IAS officer Hasmukh Adhia has been nominated as Director on the Central Board of Directors of the Reserve Bank of India, replacing Gurdial Singh Sandhu.
With real estate prices rising to exhorbitant heights, the realty market continues to remain stagnant as sales of apartments in Mumbai and its adjoining areas recorded the lowest figures in the last two years.
For the first time in the last three or four years, the weighted average price (derived from simple average) of residential property in the Mumbai metropolitan region — Mumbai, its suburbs and 22 civic bodies around — has gone down by a marginal 1 per cent in the last quarter.
After a painful wait of over six years, about five lakh families in urban India are likely to get possession of new homes this year. Property research firms Liases Foras and PropEquity as well as property consultancy CB Richard Ellis (CBRE) estimate that 4.5-5 lakh homes will be ready for delivery in 2013, the highest in a single year.
Competition Commission of IndiaÆs (CCI) order against realty major DLF, amending its agreement with apartment buyers of three different projects and making it more equitable may pave the way for a model pact for property sales to ensure fair play in transactions.