Cities
For the first time, the West Bengal government has prepared a state Urban Development Policy. This was done after they got a nod from the Cabinet Standing Committee on Infrastructure. The state’s Urban Development Minister Firhad Hakim stated that such a policy was a strong requirement to cope with the growing urbanisation. Hakim announced the [...] Continue Reading »
The real estate arm of HDFC Group, HDFC Property Fund is to invest Rs 700 crore in four residential realty projects coming up in Pune, Bangalore, and NCR. HDFC Property Fund has announced that the investment will be made from its second offshore fund worth $250 million (Rs 1,500 crore) and will be used for [...] Continue Reading »
In connection with a realty fraud unearthed by the police in Noida extension, the Managing Director of a real estate firm has been arrested for taking booking advances for a mega residential project without any land. The official who has been arrested by the police is Sunil Kumar Rajput, the MD of Rajput Developers. Rajput [...] Continue Reading »
In a move which underscores India’s bigwig housing finance firm HDFC’s foray in the education arena, the company is apparently set to launch its first school in Gurgaon this week. The school will be an English medium institution, and will be affiliated to CBSE. Scheduled to become functional from the next academic session (2015-16), the [...] Continue Reading »
The Noida Authority has given its requisite approval for the widening of the bridge which flanks across an irrigation drain that flows between Noida and East Delhi. The widening of the bridge underscores an attempt by the Authority to facilitate the decongestion of one of Noida’s busiest road intersections. The work on widening the bridge [...] Continue Reading »
As the companies tighten their rent of outflow and shift offices to new areas, it seems to be causing a transfer of housing realty as well. In Mumbai which is the world’s 16th costliest city to buy a home in, the luxury housing boom has spread to new locations like that of Lower Parel, Worli [...] Continue Reading »
Starting the construction of 388 flats in one of the blocks of the Sector 63 General Housing Scheme of the Chandigarh Housing Board (CHB) has been gaining speed; this has been sighted as a ray of hope especially for the people who have applied for a flat. It would be really a matter of relief [...] Continue Reading »
Asian Business Connection, the holding company of the Carnival Group has acquired the IT Park in Kochi from the company owned by the promoters of Leela Group for Rs 280 crore. The Mumbai-based Carnival Group seems to be very satisfied with this deal as the property is spread over 6.5 acres and brings in good rental income. Out [...] Continue Reading »
After the budget the market sentiment has improved and many players are interested in investing in real estate. ASK Group, a diversified financial services group, has made the maiden investment of Rs 127 crore from its offshore fund in ATS Group’s project in Noida. The project is located at Sector 150, Noida across 20 acres [...] Continue Reading »
The problems of illegal housing projects are a problem that has to be faced in more or less all cities. The Noida authority has also been facing similar problems of late. Often these constructions are on forcefully acquired lands and the builders do not even have proper papers available that state the ownership of the [...] Continue Reading »
