Cities
At least for the next two years from April 1, flying out of the swanky Rajiv Gandhi International Airport (RGIA) at Shamshabad is all set to be lighter on the pockets. All credits to the Airports Economic Regulatory Authority’s (AERA) decision to scrap the heavy user development fee (UDF) that airport operator GMR Hyderabad International [...] Continue Reading »
As per the real estate industry body CREDAI, at the recently concluded seventh edition of property exhibition Fairpro 2014, held at Chennai during February 21-23, majority of home buyers opted for mid-range apartments priced between Rs 30 lakh and Rs 60 lakh. Besides, a record sale of over 300 units and revenue of Rs 200 [...] Continue Reading »
Officials are unable to instigate action without any machinery or manpower. Even though the Haveli office of Pune district administration has prepared a list of1, 206 illegal constructions beyond the Pune Municipal Corporation (PMC) limits, spread across 10 villages in the 10-km radius. The district officials who have prepared the list after a detailed survey [...] Continue Reading »
Hayat Invest, the Kuwait-based investment company has announced its plans to foray into the domestic real estate business with its first residential project to come up near Chennai, under its joint venture Indian partner XS Real Group. S G Prabhakaran, Chairman of the XS Real Group said to the reporters, “Hayat Investment company would invest [...] Continue Reading »
US-based Gumberg Global, after launching its maiden project, The North Country Mall in Mohali, is set to spread its wings in Punjab and other parts of the country. In India within seven years, the company is planning to invest a huge amount of Rs 35,000-Rs 40,000 crore ,as informed by B Anantharaman, managing director and chief [...] Continue Reading »
It has been learnt that the real estate development business of the Mahindra Group, Mahindra Lifespace Developers, has bought a 12-acre land parcel for Rs 472 crore in Gurgaon from the private equity fund Ireo. Responding to a query, Mumbai based Mahindra Lifespace Developers said, “The project is to be developed by the joint venture [...] Continue Reading »
KNR Constructions Ltd has bagged an EPC order worth Rs 290.25 crore for rehabilitation and up gradation of National Highway road in Andhra Pradesh, from the National Highways Authority of India. The Hyderabad-based infrastructure company stated, in a statement to BSE that the order is for up gradation of a road stretch on NH-565 between [...] Continue Reading »
Infosys laid the foundation stone of its planned SEZ which will be formed with an initial investment of Rs 400 crore. SEZ which is to be constructed on 130 acres of land, its foundation-laying ceremony is to be held at the Super Corridor on the outskirts of Indore in the presence of Madhya Pradesh Chief Minister Shivraj Singh Chouhan. Infosys [...] Continue Reading »
Today Reliance Infrastructure said it has started collecting toll from its 10th road project, a stretch linking Trichy and Karur in Chennai on NH-67 which is 63-km long. National Highways Authority of India (NHAI) had ordered RInfra for doubling the stretch into a four-lane one, maintaining and operating the project for 30 years from the date of signing of [...] Continue Reading »
Bangalore is widely known for its bungalow culture and does not have skyscrapers adorning its skyline. This, however is about to change as a lot of developers are planning projects to come up with skyscrapers in the city. It is learnt that in the next couple of months, Golden Gate Properties, the south based builder [...] Continue Reading »
