Latest news with #AssociationofIndia
Time of India
3 days ago
- Business
- Time of India
Second notice by contractors over 90,000cr unpaid bills
Pune: The state unit of the Builders' Association of India (BAI) has issued a second legal notice to state govt, demanding immediate payment of over Rs 90,000 crore in dues to contractors. Tired of too many ads? go ad free now The association has given govt a 15-day ultimatum, warning that they would approach the Bombay High Court if their demands were not met. The reminder notice, dated July 2, was sent through BAI's legal counsel and addressed to the CM, chief secretary, additional chief secretary (home) and senior officials across 26 govt departments. The first notice, sent earlier this year, received no response. "Contractors have completed works and raised bills, which have remained upaid. Many have borrowed heavily from banks to complete govt projects and now face default notices. ..The financial stress is pushing several of our members to the brink of bankruptcy. We urge govt to release the dues without any delay," ," BAI said in a statement. The unpaid bills span a range of public works, from roads and bridges to irrigation and infrastructure projects, executed across state departments and local bodies. BAI members said as these dues remained unsettled, the state continued to float new tenders for infrastructure works worth thousand crores of rupees. —Nisha Nambiar
The Hindu
07-05-2025
- Business
- The Hindu
MyRealty-2025 to begin in Mysuru tomorrow
The Builders' Association of India, Mysuru centre, and the Confederation of Real Estate Developers' Association of India, in association with Mysuru Builders' Charitable Trust have organised a mega property show – MyRealty-2025 – at the Bharat Scouts and Guides Grounds here from May 9 to 12. The event will be open from 10 a.m. to 8.30 p.m. on all four days. On the 18th year of the event, the organisers said the expo will feature six platinum, two gold, three silver and 17 regular stalls, providing a premier platform for renowned builders and developers in Mysuru. 'The show brings together apartment and layout developers as well as home loan financial institutions under one roof to showcase their latest projects and financial services,' the organisers said at a press conference here on Wednesday. A press release said the public will have access to authentic and reliable information on a variety of properties including layouts, apartments, group houses and villas. Visitors can also take advantage of special offers from reputable builders, developers and financial institutions, it said. For details on the property show, call MyRealty chairman K.C. Nandakumar on 9945809000 and Honorary Secretary Akshay Kumar on 9945171737.
