Cities
The residents of Uttam Apartment in Malleswaram showed civic sense and alertness when they called up the fire department to request for a fire drill. The department welcomed the residents’ alertness. The idea was hatched after a fire broke out in the neighbourhood and the residents realized how ill prepared they would have been had [...] Continue Reading »
The city of Gurgaon is facing extreme electricity crisis. Flickering power cuts have become a constant problem. Saraswati Kunj is just one of such affected areas in whole of the city. Dakshin Haryna Bijli Vitaran Nigam (DHBVN) refused to install power supply resources there. Faced with grave power crisis, the members of the Residents Welfare [...] Continue Reading »
Chief Minister Sheila Dikshit accused BJP-ruled North Delhi Municipal Corporation of not taking proper action to stop construction of a mosque at Subhash Park in Central Delhi which led to violence in the area. Remains of a Mughal-era mosque were discovered near Jama Masjid recently during construction work and locals led by MLA Shoib Iqbal [...] Continue Reading »
DLF Ltd has been in the process of selling a number of its non-core assets to reduce its debt. In the recent endeavor it has got approval from its shareholders to sell its wind power business. According to sources, of all the shareholders, 99.98 per cent were in favour of the resolution to sell off [...] Continue Reading »
Residents across Chennai have been complaining about sewage overflow for the last few months. However, the civic bodies are yet to take up any action to address the issue. Residents of Sixth Street, R.V.Nagar, Anna Nagar, have been putting up with stench, flies and sewage on the road. Sewage has been overflowing from manholes in [...] Continue Reading »
Analysts have expressed their fear that DLF and Indiabulls Real may see further downside. Sudarshan Sukhani, a trade analyst, states that further breakdown is possible in case of both real estate majors. As told to CNBC-TV18, Sukhani suggested that both the companies are on the verge of possible downfall depending on where the Nifty stops. [...] Continue Reading »
Notwithstanding the current predicament about the effect of recent court order on the real estate market of Gurgaon, studies reveal that Gurgaon has witnessed issuing of around eight licenses every month.Two out of three licenses granted in the state of Haryana are from Gurgaon, which include commercial, residential and plotted projects, as being highlighted in [...] Continue Reading »
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
Two labourers were killed and several others were injured when an under-construction building collapsed in west Delhi in Kirti Nagar area. The building owner has been arrested and two engineers have been suspended North Delhi Municipal Corporation for allowing the illegal construction following the incident. According to police, the owner had been adding to the [...] Continue Reading »
As for the quarter ended June 30, 2012, Mahindra Lifespace Developers Ltd (MLDL) has posted a 72 per cent rise in net profit. The strong position of the company is reflected in its operating expansion as it has launched the second phase of its project at Nagpur. Also, during the quarter, it has acquired two [...] Continue Reading »
