Cities
The concerned property is owned by Umbel Properties Pvt. Ltd. And managed by the Hilton consists of 247 studios and one and two bedroom suites along with four dining venues – global cuisine restaurant ‘Ministry of Food’, pool side al-fresco bar and grill ‘The Salt Grill’, lobby bar ‘KLINX’ and coffee lounge. The hotel also [...] Continue Reading »
Fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year as a decrease of 55% from the same period in 2012. A record shortfall in demand for home loans last year has been led by the slowdown in real estate and overall economic slump. The fall [...] Continue Reading »
Emaar MGF, the real estate major, is found to have done violations on various matters including those related to corporate governance and related party transactions, as per the Corporate Affairs Ministry. Sources said, the violations were found by Registrar of Companies (RoC), Delhi, during an inspection of the books of Emaar MGF and added that [...] Continue Reading »
Financial assistance of Central government for the Jaipur Metro Phase-I project might not be taken by the state government. “The total project cost for Phase-I is Rs 3,149 crore said a senior official source. The previous state government had sanctioned Rs 1,802. More funds might not be required as recently, the BJP-led government, too, has [...] Continue Reading »
Union Ministry of Food Processing Industries (MoFPI) has asked the Odisha government, following the amendment of guidelines of Mega Food Park Scheme, to send proposals for developing new mega food parks in the state. 40 mega food park projects have been approved by MoFPI in as many as 23 states which are in various stages [...] Continue Reading »
As there was no announcement from the Noida Authority on the development of FNG expressway or Ghaziabad-Noida link road, therefore people concluded that the development work will completes within 8 to 9 months. Real estate noticed a nice change along the expressway which had otherwise had a tepid response from the buyers. Work on the [...] Continue Reading »
DDA’s master plan 2021 will help in checking the increasing price of housing units in Delhi and NCR. The industry insider noticed that these would be at least 15 to 20 percent cheaper as compared to the estimated cost of the real estate in the next 3 to 4 years. Mr. Anshuman Magazine, CMD, CBRE, [...] Continue Reading »
Ex World Bank’s President James Wolfensohn’s private investment fund has sold 5.57% of Chennai oriented home financing company Repco Home Finance for about Rs 112.59 crore in an open market deal. A Wolfensohn Capital Partners fund sold 34, 64,000 equity shares for Rs 325 per share. AS per the shareholding pattern available on the stock [...] Continue Reading »
The real estate companies are transferring funds from housing and other projects towards election campaign contributions. As compared to other sectors the developers are depending on connection with the government to acquire land or win contracts. If the developers support the campaign of the winning party the return is huge for the developers. Mr. Santhosh [...] Continue Reading »
Location is everything, and when a new city is to be founded, getting in early on the action is a smart thing to do is a known fact to anyone who has ever dabbled in real estate. Therefore members of the committee of urban planners and urban policy experts were stunned to find their mailbox [...] Continue Reading »
