Realty News
UPA government came up with a new land bill and it was accepted by all the parties in the legislation. However after it was implemented, the states started complaining that they are unable to acquire land for the infrastructure projects. States have suggested 19 amendments to the land law. However if all of them are [...] Continue Reading »
The Indian e-commerce industry is attracting moola from across the world. It isn’t only the big players of the Indian e-commerce, such as Flipkart and Snapdeal, that are attracting millions and, in the case of India’s largest e-commerce firm Flipkart, billions, of dollars from across the world. Much smaller players are also getting crores of rupees [...] Continue Reading »
L&T Technology Services, a wholly-owned subsidiary of engineering company Larsen & Toubro, has leased 4 lakh square feet of office space in Bangalore to expand and consolidate its business. L&T Tech is getting future ready and a commercial deal of this magnitude suggests a major build-up of operations. The experts are estimating that the space [...] Continue Reading »
The high court on Wednesday annulled the February 2012 final notification issued by the Karnataka Industrial Areas Development Board (KIADB) relating to five acres of land in Mogarahalli village, Belagola Hobli, Srirangapatna, near Mysore. This land was a part of 99.23 acres acquired for Wipro’s Rs 80-crore R&D (Research and Development) centre. Justice AS Bopanna [...] Continue Reading »
Indian business tycoon Subrata Roy who is the chief of Sahara India is in the Tihar jail for the last couple of months. The good news is that the court had allowed him to work from a high-tech office in the prison, and initiate deals with the international buyers online using skype and other mediums. Roy [...] Continue Reading »
The chronic housing shortage in India requires reforms in the banking sector and investment policies. Then only Modi’s dream of Housing for all’ by 2022 will come true. Sunil Mantri the President of National Real Estate Development Council (NAREDCO) stated that currently the bank’s exposure to the realty sector is only 5 %. This is [...] Continue Reading »
Several top real estate developers are in the hunt for a 24.5-acre parcel of land in suburban Mumbai being sold by its owners, Crompton Greaves Ltd, for around Rs 1,000 crore. Runwal Group, Lodha Group, Oberoi Realty Ltd, Mahindra Lifespace Developers Ltd and Kalpataru Group have been shortlisted as potential buyers, with Runwal Group leading [...] Continue Reading »
A whopping amount of Rs 26,556 crore is embroiled in disputes between National Highways Authority of India (NHAI) and road builders, the government today said. An amount of Rs 26,556 crore is held up in disputes between NHAI and concessionaires. The Road Transport and Highways Minister Nitin Gadkari told in a written reply to Rajya [...] Continue Reading »
Although cities like Chennai recently witnessed buildings getting damaged in fire, general insurers are not keen on revising premium rates upwards. While there is a subsequent hike in premiums in the following year if the insurer has experienced an adverse claim from a particular establishment in the last 12 months, insurers are not resorting to [...] Continue Reading »
Many Dubai based organisations are keen to develop the Gujarat International Finance Tec-City (GIFT City) project near Gandhinagar, state Finance Minister Saurabh Patel said here today. Patel had been to Dubai between August 8 and 10 to promote the state government-backed GIFT City project, along with Chairman of GIFT City’s Sudhir Mankad and Additional Chief [...] Continue Reading »
