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The tribunal, however, could not pass an order as it lacked quorum. This was the second such case in the past one week when the tribunal could not pass an order for the same reason.
The municipal commissioner, Dhaval Jain, has asked the buildings department officials to prepare a ward-wise list of unauthorized buildings and upload the same on the KMC website for the benefit of potential flat-buyers.
The report from the Commerce Department on Tuesday also showed the median house price jumped to a seven month-high from February, likely as fewer builders offered price cuts and sales shifted to higher priced homes.
Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd.
RBI: Experts and stakeholders are of the view that with India growing at a fast pace, REITs and InvITs are emerging as alternative investment instruments, especially for high net-worth individuals.