Realty News
The Piramal Group is a diversified conglomerate with operations in over 30 countries and brand-presence across 100 markets around the world. Mr. Ajay G Piramal is the Chairman of the Piramal Group. Now Ajay Piramal will strengthen his role in Shriram Group by taking over as chairman of Shriram Capital. Shriram Capital is the holding company of [...] Continue Reading »
The real estate landscape of Pune has changed manifolds in the last few years and many plush residential projects have come up there. ASK Property Investment Advisors, the real estate private equity arm of the ASK Group, has decided to invest Rs 55 crore in Pune. Their choicest developers are Paranjape Schemes, and this amount [...] Continue Reading »
Donald JTrump’s Trump Organisation in luxury Real Estate redefines what is meant by luxury living and their properties are built to be the absolute best in the world. Even before the first Trump Tower in Pune begins delivering homes, team Trump and Panchshil Realty have started negotiations for the second and even bigger Trump project in [...] Continue Reading »
Hero MotoCorp approached the board of revenue in Uttarakhand to seek relief against a penalty of Rs 111 crore on alleged stamp duty evasion. This was pertaining to the lease deed of its Haridwar manufacturing plant. However the unfortunate news for Hero is that the Chief Minister Harish Rawat has ruled out any relaxation in the fine. He defended the decision [...] Continue Reading »
Investments to the tune of more than $2 trillion would be required by 2022 to create a stock of over 110 million housing units. This will help the government to achieve the target of “housing for all” by 2022. National Real Estate Development Council (NAREDCO) President Sunil Mantri stated that there is already a huge [...] Continue Reading »
After a long delay, Maharashtra government finally cracked whip against 57 out of the 99 holders of the lands declared “surplus” under the Urban Land Ceiling Act (ULCA). This was done for non-compliance of rules and this measure should have been taken long back. Justice RK Batta probe panel had indicated these loop holes long [...] Continue Reading »
The corporate debt-restructuring (CDR) cell has approved loan recasts worth Rs 19,950 crore in the first four months of the present fiscal. This is basically an indication that the corporates remain stressed. The number of referrals, however, took a sharp fall; the figure fell to eight for the same period. Soundara Kumar the deputy managing [...] Continue Reading »
The draft of the new bill on land acquisition was released by Rajasthan on Monday. The draft retains a few aspects of the previous Congress-government version and has eased up and scrapped several key components. The new bill has done away with the clause to seek consent from the landowners for infrastructure projects undertaken by [...] Continue Reading »
Delhi government is all set to improve the connectivity and infrastructure of the national capital. Delhi Development Authority (DDA) will develop public plazas, food courts and shopping areas within the catchment areas of most of the 65 Metro stations. This will be a part of the phase three of the project. DDA will also develop [...] Continue Reading »
Dwarka in southwest Delhi in the next one-and-a-half years is going to witness India’s first comprehensive cycle-sharing system. It will cover the entire sub-city spread over approximately 65 square km with 300-400 stations. Each station will have about 10-20 cycles so that people can get a cycle for Metro stations, bus stands, market places and [...] Continue Reading »
