Realty News
According to the Reserve Bank (RBI) data released on Tuesday, borrowings by Indian firms declined by over 3 % from a year ago to $ 1.89 billion in June 2014. During June 2013, India Inc. had raised $ 1.95 billion from overseas markets by way of external commercial borrowings (ECBs). Of the total companies raising [...] Continue Reading »
It is being said that India’s construction sector will grown at 7-8 percent each year through the next decade. Post the new government the country hopes to see an increased growth and removal in the barriers to foreign investment which will help in hurrying the demand for construction over the upcoming 12 to 18 months [...] Continue Reading »
A global consumer confidence index study by Nielsen has placed India on top globally, after a jump of seven points during the second quarter of 2014. India’s win in the Lord’s test match also established India’s supremacy over England. Nielsen, a global information and insights provider, mentioned in the study that India was ranked second in [...] Continue Reading »
Investors are betting big on a quick recovery for the economy — the Sensex surged 310.63 points on Tuesday to close near its lifetime highs — but corporate profits this earnings season have, at best, been a mixed bag. Disappointments so have outnumbered the surprises by a wide margin in the three months to June [...] Continue Reading »
The government is planning to re-launch the 30-yearold rural housing scheme. This is expected to expand the reach of the scheme. It is expected to be re-launched as a national mission with a target to build 3.2 crore pucca (brick and mortar) houses for the poor over the next eight years. The move is in [...] Continue Reading »
The Delhi Development Authority (DDA) is soon going to be restructured and in a symbolic gesture, two of its signature buildings, Vikas Sadan and Vikas Minar, will be revamped. DDA, the country’s largest land development agency, is slated to get a new avatar and there are plans to give two of its most important offices [...] Continue Reading »
The Delhi High Court has sought response of the Centre and the city government on a plea for quashing of the existing circle rates in the national capital. A bench of Chief Justice G Rohini also directed the Municipal Corporation of Delhi (MCD) to file its reply whether it is charging stamp duty on the [...] Continue Reading »
Even as developers holding land in Mangar are making all out efforts to prove that the area does not have forest, a visit by an HT team revealed that most of the land is covered by thick Aravalli vegetation. It also has dense undergrowth. Hailed by environmental experts as the last remaining virgin forest area [...] Continue Reading »
HUDA has finished working on the modalities of its proposed multilevel parking project in Sector 29, which will have a capacity to house 1,300 cars. The tariffs have been decided and the authority will soon float tenders to select a company to construct and operate the parking facility. HUDA executive engineer RS Bishnoi said that [...] Continue Reading »
The local Bench of the Debt Recovery Tribunal (DRT) has directed the Centre and the Punjab Government to take action against officers involved in real estate business. Delivering a judgement in the Sherwood Officers Society case in which the Punjab National Bank is the complainant, the tribunal indicted the officers for obstructing the process initiated [...] Continue Reading »
