Cities
Chandigarh- Government has decided to convert a part of forest in Zirakpur into a park. This effort will definitely bring smile to 1500 people residing in 11 societies, who can use that park. Unfortunately due to lack of area, forest department cannot create a park for societies on the Peer Muchalla road of Zirakpur. Since entire open [...] Continue Reading »
Ahmedabad- Amplus Realty Fund has announced its first investment of Rs 30 crore in a residential project by Assetz Homes in Bangalore. In the next three years, it expects to get 25 percent returns on this investment. The joint venture aims at developing a mid and high-end residential project in Rajajinagar, Bangalore by 2015. Amplus [...] Continue Reading »
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »
Airoli, which is located far from the hustle and bustle of city, is now developing as one of the business districts of Navi Mumbai. Even lands are available at an affordable rate at this area which results in high demand for the commercial space which has boost up the real estate market in the area. [...] Continue Reading »
Kolkata- The first meeting of task force on urban infrastructure will be held on 10th of December 2012 at state assembly to resolve the problems of developers . The representatives of the construction-builder community will also be part of this meeting. This force set up by Mamata Banerjee comprises of chief secretary and ministers and secretaries [...] Continue Reading »
During National Real Estate Development Council convention held on 8th December, Chairman and Managing Director of National Housing Bank (NHB), R V Verma announced his thought to support Housing finance institutions by providing a loan of Rs 17,000 crore from July to next year June shortly. Housing finance companies aim to finance individuals’ home loans [...] Continue Reading »
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] Continue Reading »
Mumbai- Real estate developers who were not able to rent out malls or facing tough time in building shops is expected to look up after the parliament cleared the foreign direct investment (FDI) in multi-brand retail. According to Jones Lang LaSalle, a real estate consultancy, India has recorded a dropdown in the supply of rental [...] Continue Reading »
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter. CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also [...] Continue Reading »
New Delhi : From the sale of two non core business assets – luxury hotel chain Amanresorts and wind energy business, India’s biggest realty firm, DLF is aiming to raise Rs 3,000 crore by end of this fiscal year. By March 2013, the company will launch three-four projects in Gurgaon generating Rs 15,000 crore sales [...] Continue Reading »
