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Campaign teams have warned of a “policy disaster” that will ”discourage building homes to the next standard”. Despite the fall, Winkworth will raise the annual dividend to eleven.7p per share, from 11p in 2022. The new guidelines would kick in inside months of approval, presently expected round mid-July. But that model has come under intensifying scrutiny from critics who have likened it to a cartel.
The builder said it will develop about 800,000 sq ft of mix of retail and serviced apartment, with a total investment of Rs 426 crore, which includes the land price as well. In a troublesome …