Dip in real estate sales at Panvel, Kharghar leaves investors baffled
With no sales, realty market in investor-driven pockets of Panvel, Khargar, Ghansoli, Karjat and Kalyan is facing a slowdown.
The investors, mostly small-time, have purchased flats at lower rates, expecting to make a killing. “The sales have come to a standstill. Most of them have invested around three years ago, but there is no hike in prices. Investors fear the rates may drop further, leading to losses. Exorbitant prices, lack of proper connectivity and scarcity water are some of the reasons behind the drop in sales,” said Pankaj Kapoor, CEO, Liases Foras, a real estate research firm.
Ajay Chaturvedi, a real estate expert, said, “The builders promised the investors that the prices will rise considerably owing to the Navi Mumbai airport project and the trans-harbour link. But the projects are still on paper.”
Builders, however, beg to differ. “It is true that the investors own a majority of flats in these areas, but they have been given out on rent. Many are waiting as they expect the prices to rise once the major projects take off,” said Manohar Shroff, secretary, MCHI, Navi Mumbai.
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Bitta Karate’s wife among 4 Jammu and Kashmir employees sacked for terror links
The Jammu and Kashmir government on Saturday terminated four employees from service, including the son of Hizbul Mujahideen chief Syed Salahuddin and wife of former militant Bitta Karate - amid probe over terror links, officials said on Saturday. Dr Muheet Ahmad Bhat, and Majid Hussain Qadiri - both of them linked to the University of Kashmir - are the two others employees who have been sacked.
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CRPF man injured in grenade attack in Srinagar
Suspected militants targeted paramilitary CRPF with a grenade in Srinagar on Saturday, just a day ahead of Independence Day. A CRPF personnel was injured in the attack in the Old City, Eidgah. Srinagar police said that the CRPF personnel received minor injuries in the attack. Local reports said that the grenade was lobbed towards a CRPF bunker in Eidgah in which a sub-inspector of the CRPF was wounded.
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Will strike last nail in coffin of terrorism in one year: Jammu and Kashmir L-G Manoj Sinha
Jammu and Kashmir Lt Governor Manoj Sinha on Saturday said that within a year government will push the last nail in the coffin of terrorism. Sinha today laid the foundation stone of 25 District Development Council and Block Development Council buildings in J&K, besides inaugurating 1000 Amrit Sarovars across J&K UT, in a function at SKICC, Srinagar.
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Shah Faesal appointed deputy secretary in Union ministry of tourism
IAS officer Shah Faesal who had resigned from his job and reinstated in April has been posted as deputy secretary in the Union Ministry of Tourism. He was detained at the Delhi airport on August 4, 2019, a day before Parliament pushed through constitutional changes, revoking Article 370 and 35A that granted special status to Jammu and Kashmir and bifurcating the erstwhile state into two Union Territories of J&K and Ladakh.
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Government employees protest in Shimla, seek restoration of Old Pension Scheme
Hundreds of government employees staged a protest outside the Himachal Pradesh assembly on Saturday seeking restoration of the Old Pension Scheme. The NPS employees held a “pension adhikar rally” here at Chaura Maidan in Shimla and staged protest march with the Tricolours. President of the New Pension Scheme employees' Association Pradeep Thakur said that the employees were protesting peacefully for their pension rights. Women employees also participated in a large number in the rally.
