Realty News
The American billionaire and real estate mogul Donald Trump is bullish on the India story. Post adding two Indian projects to his kitty one with the Panchshil Realty group in Pune and the other with Lodhas in Mumbai he is now in India for exploring deals in India’s luxury residential and hospitality market across cities [...] Continue Reading »
The high court on Tuesday has asked the government to come out with a timeline for recovering 1.1 million acres of government land in and around Bangalore and across the state. After disapproving the pace at which the government is moving to reclaim its lands, a division bench headed by Chief Justice D H Waghela [...] Continue Reading »
The cement companies and realty developers in the Telangana-Andhra Pradesh region are at loggerheads over the sudden spiralling of prices of the building material in the last few weeks. The bitter truth which is about this is that both cement and realty prices had hit near rock bottom before Andhra Pradesh was bifurcated on June [...] Continue Reading »
Homebuyers seem to be coming back in strong numbers, going by the increase in the home loan portfolio of public sector banks. The first quarter numbers reveal that there has been a significant increase in the number of home loans extended compared to the year-ago period. State Bank of India (SBI) has recorded 15.6 percent [...] Continue Reading »
The Ansal Properties group and Infrastructure today has reported a 17.14 percent decrease in the consolidated net profit for the quarter ended June 30 at Rs 7.20 crore, mainly due to lower sales volume and decline in price realisation. The company had reported a net profit of Rs 8.69 crore in the corresponding quarter of [...] Continue Reading »
On Tuesday, Hilton Worldwide said in an announcement that it has signed a management deal with Hirise Hospitality Pvt Ltd. The deal pertains to a new ‘DoubleTree’ hotel by Hilton Ahmedabad. According to the details shared by Hilton in a recent statement, DoubleTree will be a 178-room hotel. It will feature distinctive conference and event [...] Continue Reading »
The National Board for Wildlife (NBWL) may soon give its approval to a controversial forest highway project – involving the widening of National Highway 31A from Sevoke to Gangtok – which has been awaiting the requisite go-ahead for the last nearly five years. The approval of the project by the recently-constituted NBWL is apparently on [...] Continue Reading »
An official from the Ministry of Railways has revealed, on the condition of anonymity, that the Ministry is nearing the finalization of a scheme under which the cash surplus of the public sector units (PSUs) working under the Ministry will be used for funding railway infrastructure projects. Under the new scheme being finalized by the [...] Continue Reading »
Mumbaikars and the rest of India will be surprised to hear this statement made by global real estate tycoon Donald J Trump. Trump stated that the real estate prices in Mumbai are “unbelievably low” in comparison to some of the other realty markets in the world. We Indians always believed that owning a hut in [...] Continue Reading »
Jammu and Kashmir has a reason to rejoice now as Prime Minister Narendra Modi today announced a package of Rs 8,000 crore for building of roads in Jammu and Kashmir. Modi also announced a waiver of Rs 60 crore in interest owed by the state government to the Food Corporation of India (FCI). This militant affected [...] Continue Reading »
