Cities
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
The Sensex climbed over 100 points in early trade on Monday. Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee have planned to soon unveil measures to improve market conditions. The Nifty touched a high of 5,188.95 and a low of 5,158.45 today while the Sensex touched a high of 17,116.67 and a low of [...] Continue Reading »
Garbage trucks of Ahmedabad Municipal Corporation (AMD) were attacked by some people living near Bandhan party plot on SG Highway, on Sunday evening. Angry residents threw stones at garbage trucks as they were unhappy with the allotment of space in the area for garbage dumping. The local people had been protesting for long against the [...] Continue Reading »
Real estate developer True Value Homes India has announced a Rs 600-crore super premium apartments project ‘Quadrant‘ in Chennai on Monday. Chairman N Ravichandran said the firm will begin its construction on the 18-storeyed building this week. He also said that Quandrant will have about 100 units with a size of 2,000 sq ft to [...] Continue Reading »
Given the huge task covering 4 lakh door numbers in the city and issuing tax returns form to all residents, offices and shops concerned, Kochi Corporation may not be able to meet the deadline set by the government, which is August 16. Revenue department officials admit it will not be possible to complete the process [...] Continue Reading »
Central Bureau of Investigation (CBI) has conducted raids in Allahabad and several other cities of Uttar Pradesh pertaining to alleged irregularities in sanctioning of housing loan by a nationalised bank official. Sources from CBI said, raids were conducted in Allahabad, Lucknow and Sant Ravidas Nagar (Bhadohi) in connection with the scam related to alleged misappropriation [...] Continue Reading »
A warning notice has been issued to all developers who have been carrying out illegal construction activities by the Noida, Greater Noida and Yamuna Expressway authorities. The public notice states that the lease of project will be cancelled and the authority will immediately demolish the structure in case of any violation of rules. Many developers in [...] Continue Reading »
The chairman and managing director of realty firm Eldeco, SK Garg, has been arrested by the Central Bureau of Investigation (CBI) on Friday in connection with a graft case in which some senior income tax officials were nabbed by the agency. The CBI had arrested four senior income tax department officials, who were reportedly involved [...] Continue Reading »
India’s oldest golf club, Kolkata’s Royal Calcutta Golf Club (RCGC), plans to enter real estate sector in order to create a regular source of income to rise its operational revenue and gather funds for the clubhouse and course upgrade. The club authorities will be signing a joint agreement with private equity (PE) player, Xander Group, [...] Continue Reading »
Ampulus Capital Advisors, a fund management company formed by the promoters of the Ahmedabad-based Arvind Group, has floated a realty fund with a target of raising Rs 200 crore. The fund mainly focuses on investing in Gujarat real estate projects. The firm has already raised Rs 100 crore and it hopes to distribute the fund [...] Continue Reading »
