Realty News
Most of the Real estate assets, farm lands, flats and many other such high-value properties worth crores of rupees were procured by the accused by “laundering” genuine investor funds of the scam-hit National Spot Exchange Limited (NSEL). A charge-sheet filed by the Enforcement Directorate (ED) into the alleged multi-crore financial irregularities of NSEL found that [...] Continue Reading »
Unitech, Oberoi Realty, BPTP Ltd, Gaursons India, K Raheja Corp, Amrapali Group, Supertech Ltd, Tata Housing Development Company, Ansal Properties & Infrastructure, Purvankara Projects, Prestige Estates Projects, Avalon Group, Aparna Construction and Estate, Amit Enterprises Housing, Omaxe, Parsvnath Developers, PS Groups Salarpuria Group, Purohit Construction and Ambuja Neotia Group have come under the radar of [...] Continue Reading »
The government on Monday said that it has shifted its focus to the EPC (Engineering, Procurement and Construction) route for road building. This happened at the backdrop of the developers not showing interest in the PPP (Public Private Partnership) mode. There were 21 projects bid under PPP and they did not receive favourable responses from the [...] Continue Reading »
India’s largest realty firm DLF has sought shareholders’ approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures. DLF informed during a filing to the BSE (Bombay Stock Exchange) that the shareholders’ nod has been sought through a postal ballot. This approval is sought for reducing the borrowing power of the [...] Continue Reading »
A consumer forum in Delhi has asked a real-estate firm Ansal Properties and Infrastructures Ltd to pay Rs 5.8 lakh to a woman. Her allotment of a shop was cancelled and over Rs 6.5 lakh was forfeited due to the non-availability of bank loan. The consumer forum termed the builder’s actions as “not justified” and [...] Continue Reading »
There have been a lot of changes in the way the homes were designed a decade back and now. Home automations are no longer luxury add-ons for the builders and they are now a cost-saving necessity. Unishire, a three-year-old builder in Bangalore, mentioned that homes fitted with smart features are a default for the customers [...] Continue Reading »
Skills Academy Private Limited, founded by DLF chairman KP Singh’s daughter Pia Singh is doing good business. The company has acquired A4e India Private Limited, the Indian arm of the UK-based A4e Limited. The acquisition comes at a time when the government is focussing on skill development and job creation. There are many start-ups which [...] Continue Reading »
When it comes to training people, quality gets an upper hand over quantity. MSA Kumar the Chairman of CII (Confederation of Indian Industry) stated that the syllabus followed by many Industrial Training Institutes (ITIs) was created in the 1960s. In fact, the ancient system of training in a particular subject no longer applies. There is [...] Continue Reading »
The farmers of Manbela are ready to give the disputed land for construction of All India Institute of Medical Sciences (AIIMS) in Gorakhpur in Uttar Pradesh. They are having a dispute with Gorakhpur Development Authority (GDA) over 400 acres of farmland which the GDA wants to acquire for the construction of a residential colony. The [...] Continue Reading »
Kalraj Mishra, the new minister for micro small & medium enterprises (MSMEs) mentioned that the Ministry is working on sweetening the bankruptcy pill for the sick units. The government is working on developing a bankruptcy framework to offer easier exit routes to the sick companies while helping to revive those with viable options. It is [...] Continue Reading »
