Realty News
DivyaSree Developers which is one of the largest privately-held realtors in south India is planning to bring as much as 7 million square feet of its leased out office space under one umbrella. The company is set to raise $150 million (Rs 900 crore) through the private equity (PE) route. The realtor, in which TPG-Axon had made a $100 million [...] Continue Reading »
Russian conglomerate Sistema JSFC is looking at smart city opportunities in India. After the Government’s decision to invest over Rs 7,000 crore in setting up 100 smart cities, many foreign investors have started showing interests in investing in India’s infrastructure sector. A company spokesperson stated that they are likely to start with one or two [...] Continue Reading »
The real estate industry had been in the throes of a slowdown in the past few years and many developers have decided to bide their time usefully. They are busy in buying land banks at various prime locations in metros and wait for the demand to start picking with improvement in macro economy by the [...] Continue Reading »
On Tuesday, Delhi High Court said that it will not review the ban order which it had earlier issued against the plying of e-rickshaws in the national capital. With the earlier order of the court having deemed that the plying of e-rickshaws in Delhi is illegal, the court has now refused to lift that ban. [...] Continue Reading »
According to an announcement made by the Delhi Metro Rail Corporation (DMRC) on Thursday, tunnelling work at the Lal Quila Metro station has been successfully completed. The Lal Quila Metro station is a part of the extended Central Secretariat-Kashmere Gate corridor of Delhi Metro’s Phase III. Going by the details shared by the DMRC officials, [...] Continue Reading »
It is expected that around Rs 40,000 crore of surplus liquidity will be infused in the system. This positive sentiment has come in the market after theRBI’s (Reserve Bank of India) decision to reduce the statutory liquidity ratio (SLR) by 50 basis points. India Inc. believes that this will keep liquidity buoyant, help meet industry’s [...] Continue Reading »
The government wants to give a thrust to the nascent municipal bonds market. It has identified it as one of the ways to raise finances for infrastructure, including creation of 100 smart cities proposed in the FY15 budget. A government official mentioned that the government has options like PPP (Public- Private Partnership), infrastructure bonds, etc. [...] Continue Reading »
The Bureau of Energy Efficiency (BEE) is planning a “voluntary labelling programme” for residential projects in the country. This will be done in order to encourage construction of more “energy-efficient” buildings. Bhaskar Sarma, while speaking on the side-lines of a national workshop hosted by Gujarat Energy Development Agency (GEDA) for the State Designated Agencies in [...] Continue Reading »
The Finance Industry Development Council (FIDC) has suggested a few things to provide a thrust to the ailing infrastructure industry. Equipment used in building of roads, ports, airports and other infrastructure should be treated as “infrastructure” for the purpose of lending by banks. Bringing “equipment” within the scope of the list of “infrastructure” sectors for [...] Continue Reading »
Baring Asia and Singapore’s GIC are said to be in talks to invest about $175 million to buy 49 % stake in PNB Housing Finance. Now it is held by investment firm New Silk Route. It is expected that the deal could be finalised in about a monthif talks succeed. The negotiations are still private [...] Continue Reading »
