Lodha set to launch 2nd phase of mega city project in Mumbai
Mumbai: Leading estate developer Lodha Group on Thursday said it
will launch the second phase of its mega city project 'Palava' on
Saturday.
The
Mumbai-based realtor is developing 'Palava', a mega city in
Dombivli, a suburb of Mumbai located in Thane district.The entire
project, spread over 5,000 acres, is to be completed in four phases
by 2025. The second phase consists of 800 buildings and is slated
be completed in the next 5 years."The
second phase, spread across 800 acres and comprising around 800
buildings, will house malls, residential and commercial towers,
hotels among others," Abhinandan Lodha, the company's Deputy
Managing Director, told PTI here.We expect to generate nearly Rs
15,000 crore from this phase," he said.
In the first phase, the company has already delivered 20,000
residential units, he said, adding, "the focus will be on providing
high quality units at affordable prices. We expect to provide 1
lakh middle-income affordable housing by 2025."The size of
apartments in phase two ranges between 750 sq ft to 1,200 sq ft,
costing Rs 36 lakh to Rs 65 lakh."In the first phase, spread across
250 acres, prices ranged between Rs 20 lakh and Rs 50 lakh. But
with the appreciation of property prices and increasing demand for
housing in the area, the new apartments will cost between Rs 36
lakh and Rs 65 lakh," he said.The firm has bought over 3,500 acres
of land for the project and will acquire another 1,500 acres soon,
he said.Lodha further said the company has spent Rs 4,800 crore for
purchasing land and funding the construction in the phase 1."The
additional investments for funding the construction cost of the
second phase would come from pre-sales," he said.
Syrian pro-government activists protest UN inaction
Damascus: A group of activists here Thursday held a sit-in before the UN headquarters to express discontent to what they called "UN inaction" on the rebels' attacks in some Syrian cities. Hoisting Syrian flags, dozens of activists protested before the UN headquarters in al-Mazzeh district, western Damascus, Xinhua reported. They said there was "inaction and lack of condemnation" from the UN toward the rebels' attacks, particularly the latest one which targeted Adra Umaliyeh city north of Damascus.especially the ones committed in Adra Umaliyeh. So how long are they going to remain silent and do nothing about the crimes?" Taif Ali, a pro-government activist said during the sit-in. Rebels from an Al Qaeda linked groups stormed Adra Umaliyeh last month and started sectarian-motivated mass killing against the Alawite minority, an offshoot of Shiite Islam to which the ruling elites in Syria belong. The Syrian Army has been besieging the city where the rebels have entrenched in residential areas and taken civilians as human shields, according to state media. Yet, the military forces evacuated about 10,000 people from Adra, a city of 100,000 residents, who are largely government supporters.Syrian Minister of Social Affairs Kinda Shammat said recently that her ministry hasn't been contacted by any international organization regarding the situation in Adra. The silence of the international community has pushed several pro-government activist groups to gather before the UN headquarters to protest. (IANS)
IMF still sees `large uncertainty` over Greek comeback
Berlin: The International
Monetary Fund said Thursday that considerable uncertainty still
hangs over the Greek economy, despite the country announcing it
will exit an IMF-EU bailout this year as scheduled.IMF spokesman
William Murray told a reporters there has been renewed investor
interest in some parts of the Greek economy, locked in a sharp
contraction since 2008. But he added: "There are a lot of
challenges ahead.""The uncertainty is still large. But our
experience suggests that once a virtuous circle is under way,
confidence can return quite fast," he said, declining to speculate
just when such a turnaround will happen.On December 30, Prime
Minister Antonis Samaras said Greece was on track to exit the IMF
and European Union rescue plan this year and to fund its needs from
the commercial market."In the new year, Greek debt will be
officially declared viable, meaning there will be no need for new
loans and new bailout agreements,"
Coal scam: Something went wrong in blocks allocation, Centre tells SC-Raktima Das Gupta....
New
Delhi: The Centre Wednesday admitted before the Supreme Court that
something went wrong with the coal blocks allocation and that it
could have been done in a more refined manner."We took decision in
good faith but something turned out to be wrong," Attorney General
Goolam E Vahanvati told a three-judge bench headed by Justice R M
Lodha."In hindsight, we can say something has gone wrong and some
correction is required to be done," he said, virtually accepting
that mistakes were committed by the government in coal blocks
allocation.Vahanvati's response came after the bench observed that
the exercise could have been done in a "far better
manner".Everything could have been done in more refined and better
manner. I accept my lordships view," the AG further said.At the
outset of the day's hearing, the bench asked the AG about the
Centre's stand on deallocation of certain coal blocks.
How to Make a 1 BHK into a 1.5 BHK
Tanisha has long had a fetish for shoes and owns as many as 27 pairs. Plus her husband’s sneakers and Vihaan’s galore of sandals add onto the pile. Thus, she made a smart move by acquiring a multilayered shoe rack for the family. It helped to declutter the occupied spaces and arrange all the footwear neatly into one stack. The Foldable and Stackable Shoe Rack merged perfectly with the interiors of Tanisha’s place and aided in picking matching shoes for their outfits. The sturdy, sleek and stylish 4 tier shoe rack created a clean look and saved the time spent in looking for the lost shoes underneath the beds and sofa.
Old isn’t always gold!
Tanisha’s father-in-law had bought the dining table, placed in their living room, almost 30 years back. Though it was now being used to stack all the toys and colouring books of Vihaan, she decided to let go of it. The newly found space has made her living room seem bigger and neater. However, it does not mean that they are following a buffet system at home. Tanisha has just bought herself a portable dinner cum laptop table. It comes handy while she is working from home or having breakfast or dinner. It can be easily folded and placed under the sofa for a hassle-free arrangement.