Cities
In Gurgaon, infrastructure projects worth Rs 24 crore were cleared by the MCG’s Finance Committee – headed by Mayor Vimal Yadav – on Monday. In addition to giving clearance to infrastructure projects, the committee also gave the green signal to the process of inviting tenders for the projects costing Rs 5 crore. The committee also [...] Continue Reading »
There is some good news for BPTP Limited as the Competition Commission has rejected allegations that real-estate firm BPTP Limited and its subsidiary Countrywide Promoters had abused their dominant market position. This was with respect to development and sale of residential apartments in Gurgaon. An individual had filed a complaint against BPTP Limited that they had imposed [...] Continue Reading »
Shri Kailash Logistics Limited (SKLL) is well on its way to execute its broad expansion plans. They’re in talks with a couple of PE players to raise the necessary resources for expansion. SKLL’s motivation for this is simple – they want to quickly establish themselves among the very best in logistics in India. SKLL’s immediate [...] Continue Reading »
Lying in the heart of Ghaziabad, Nyaykhand and Gyankhand are localities with good physical and social infrastructure. The residential sectors here are developed by Ghaziabad Development Authority (GDA), which is why electricity, water, and roads are maintained by Ghaziabad Municipal Corporation (GMC). Several kinds of property are found here, including studio apartments and builder floors. [...] Continue Reading »
The Revenue officials of the Bruhat Bangalore Mahanagara Palike (BBMP) have been instructed to commence the process of collection of betterment charges in connection with the regularisation of sites formed under converted lands. The directions to set the ‘betterment charges collection’ process in motion were issued to the BBMP’s Revenue officials in a circular released [...] Continue Reading »
Railway officials in Mumbai are hopeful that Prime Minister Narendra Modi’s new government will give a push to the first Mumbai-Ahmedabad high-speed train proposal in the 2014 Railway Budget — the first rail budget of the Modi government. The projections voiced by the Mumbai Railway officials about an expected push to the Mumbai-Ahmedabad bullet train [...] Continue Reading »
According to a recent study conducted by National Crime Records Bureau (NCRB), the Indian capital city Delhi has the most number of cases that are related to property fraud and misappropriation. 181 cases were filed in the year 2013, of which 173 cases were related to cheating and 8 were for criminal breach of trust. [...] Continue Reading »
Property consultant CBRE has revealed in its recently-released India Office Market View for 2014 second-quarter report that absorption rates for office space in the Kolkata market witnessed a nearly 30 percent quarter-on-quarter plunge. According to the report, the movement of office space in Kolkata during the April-June quarter was notably ‘slow;’ with the key contributor to the overall [...] Continue Reading »
According to the latest statistics shared by the National Crime Records Bureau (NCRB), Delhi was the top-ranking State/Union Territory in India in terms of property fraud and misappropriation in 2013. The NCRB report has revealed that, among all states and union territories (UTs) in India, the maximum number of reports of property fraud cases during [...] Continue Reading »
The joint-venture company of US-based private equity (PE) company Blackstone and Pune-based property developer Panchshil Realty has recently acquired a major stake in Express Towers – located in Nariman Point in Mumbai – for approximately Rs 870 crore. The deal was finalized recently, after months of negotiations. Express Towers is an iconic building which is owned by The Indian [...] Continue Reading »
