July-September home launches drop by 77%

July-September home launches drop by 77% thumbnail

AHMEDABAD: With real estate project launches getting hampered due to sluggish pace of building plan approvals under Online Development Permission System (ODPS), the supply of new homes in Ahmedabad declined 77% during July-September period this year. Data compiled by a real estate research and data analytics firm, PropEquity, shows that only 729 new residential units were launched in Ahmedabad in the third quarter (July-Sept) of 2018 as compared to 3,131 units in the corresponding period last year. The launches declined 63% on quarter- on-quarter basis as 1,944 homes came into…

Read More

Guj HC dilutes charges in fatal road accidents

Guj HC dilutes charges in fatal road accidents thumbnail

AHMEDABAD: In a landmark judgment, Gujarat high court on Wednesday said that the more severe charge of culpable homicide not amounting to murder, or section 304 of the Indian Penal Code (IPC), is not applicable against the driver in a case pertaining to a fatal accident. The punishment provided under section 304 is a jail term of up to 10 years. The court said section 304A, causing death by criminal negligence, should be applied against the offending driver for accidents involving fatalities. The punishment under this section is up to…

Read More

CM starts statewide purchase of grains at MSP

CM starts statewide purchase of grains at MSP thumbnail

GANDHINAGAR: Gujarat Chief Minister Vijay Rupani started the state wide purchase of grains at Minimum Support Price on Thrusday in Dahod. The state government has always been sensitive and taken decisions to ensure the welfare of the farmers and hence, the government will purchase grains at a higher MSP than the market price. On the first day, the state government purchased 30 metric ton of paddy and corn from 15 farmers at a higher price than the market price and directly deposited the total amount ( Rs.5 lakh 26 thousand…

Read More