Cities
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
The deadline for Delhi metro Phase III is March 2016. According to Delhi Metro, around 25% of the work is complete, including two new corridors and extensions to some existing ones, crucial land acquisition, clearances and setting up of work infrastructure. Mukundpur to Shiv Vihar and Janakpuri (West) to Botanical Garden will connect west with [...] Continue Reading »
Bangalore witness strong private equity interest in real estate The New Year started with a boom for the Bangalore realty market. The realty in the city is attracting private equity investments in the real estate sector. Multiple sources had been quoted as saying that many deals topping $10 million (above Rs 60 crore) have been concluded or [...] Continue Reading »
Chief Minister, Hemant Soren inaugurated Jharkhand’s first six lane highway Jharkhand got its maiden six-lane expressway on Tuesday as chief minister Hemant Soren formally inaugurated four phases of the much-delayed Ranchi Ring Road at a traditional ceremony in Rampur, 20km from the capital. The 36.192km arterial stretch connects Rampur on NH-33 to Kathitand on NH-75. [...] Continue Reading »
Approval for building plans to be paced up, citizen centric bylaws also implemented. In Guwahati, the approval of building plans within 75 days from the date of submission of applications and 60 days in other areas, have been made mandatory. Interestingly, if the plans are not approved with in stipulated timeframe, they will be deemed [...] Continue Reading »
The major factors mid-income home buyer considers before hunting for a house are low maintenance and budget. Property rates have been high in Mumbai from very long time. Marol, Andheri East is witnessing huge demand for 1-BHK apartments. This locality is a well known commercial hub of the city and has MIDC industrial area, Seepz, [...] Continue Reading »
The Tamil Nadu government is giving a lot of thought to the infrastructure development of the state to promote industries. The state government presented a no new-tax budget for 2014-2015. This move to promote industries amidst a “failing macro environment” is being taken to support the economic growth in the state. The government has decided [...] Continue Reading »
Mumbai-based Neptune Group and Lodha Developers are looking to Gammon India’s 185 acre land in Dombivli. They have also submitted their offers for the same. The plot is about 185 acre in size and was put on the block in mid 2013. It has been learnt from the sources that the offer of the Neptune [...] Continue Reading »
The Bangalore Development Authority (BDA) informed the Karnataka high court that in residential areas having roads less than 40 feet wide roads, no commercial or ancillary land use will be permitted. This was announced by the BDA counsel in a hearing of a PIL challenging the revised master plan 2015. It was actually in response [...] Continue Reading »
With the expectation of a stable government at the Centre and the industry betting big on growth in jobs and, thus, increased investments, the realty sector in Chennai is set for growth. During a discussion on imminent market changes in Chennai, a hopeful lot of people from the industry were optimistic about the realty situation [...] Continue Reading »
