Realty News
Shubhra Tandon in Mumbai reported that the activity in large office space remained sluggish in the three months to June. The commercial real estate in Mumbai was not picking up in the period till June this year and the top six commercial real estate markets reported fewer lease transactions above 1 lakh square feet. One [...] Continue Reading »
Niche luxury brands like Italian suit maker Kiton and British shoemaker John Lobb want to enter the Indian Markets, however they are in no hurry to open swanky stores in the country. They have started to test the waters by custom made, made-to-order services in India. The main reason behind not opening stores is that [...] Continue Reading »
The Bhubaneswar Development Authority (BDA) has constituted a technical committee on planning of land use pattern such as commercial, residential and green zone in the city. The panel, headed by BDA planning member Pitabasa Sahoo, will find out deviations in land use pattern between comprehensive development plan (CDP) and 14 zonal development plans (ZDPs) for [...] Continue Reading »
Just like the metro rail project was scrapped for the city, the eight-laning project on Ferozepur road may meet the same fate as the state government is planning to give priority to Bus Rapid Transit System (BRTS) over the road project. According to MC sources, the Rs 235-crore eight-laning project has been sidelined even though [...] Continue Reading »
Government has approved construction of a road connecting Faridabad and Greater Noida that will improve connectivity between NH-8 in Gurgaon and Yamuna Expressway. The missing link on this stretch—where fresh road has to be built or existing road to be strengthened—is about 24.6 km, which will be developed into a two-lane all-weather road including construction [...] Continue Reading »
Just 83m downstream of the Nizamuddin road bridge, another bridge has come up on the Yamuna mirroring the location of its pillars exactly. For Delhi Metro, constructing the bridge to link Hazrat Nizamuddin with Mayur Vihar-I has been an exercise in replicating the existing road bridge. The idea was to align the pillars of the [...] Continue Reading »
The Delhi Metro Rail Corporation (DMRC) has been approached by Sistema Shyam Teleservices (SSTL) – which operates under MTS brand – for providing free Wi-Fi Internet service to the Metro commuters. SSTL has earlier provided its Wi-Fi Internet service for the commuters of Rapid Metro Rail trains. The move – resulting from a partnership between [...] Continue Reading »
The cost of land has soared in the last few years and this has totally altered the economics of the greenfield projects in India. Till the early 2000s, land was available in many parts of the country at Rs 50,000 or less an acre. Today, that base figure is probably Rs 5 lakh. Even the tier [...] Continue Reading »
The market regulator which is SEBI has sought the clarifications that are needed on the proposed Rs. 750-crore initial public offer (IPO) of construction major HCC’s realty arm Lavasa Corporation. Without disclosing the details of clarifications sought, SEBI has said that the clarifications are still awaited from lead manager for the proposed public issue. As [...] Continue Reading »
Property market experts have welcomed the Securities and Exchange Board of India’s (Sebi) green signal to set up real estate investment trusts (REITs). It will fund builders constructing commercial properties. The REITs being given a go ahead by Sebi will enhance the depth of the country’s commercial market which will offer financing as well as [...] Continue Reading »
