Realty News
Post a hiatus of nearly five months, the stalled tendering process for the Rs 23,126-crore Colaba-Bandra-Seepz Metro will be again back on track from the next week with the first board meeting of the reconstituted Mumbai Metro Rail Corp (MMRC) that is scheduled to be held on the 12th of August. The Mumbai Metropolitan Region [...] Continue Reading »
The Delhi Metro is looking like to be working overtime on Phase III as its 2016 deadline is drawing close. On Tuesday, it had announced completion of two tunnels on the Janakpuri (West)-Botanical Garden corridor. Two parallel tunnels at Dabri Mor were completed with help of two tunnel boring machines. The two TBMs which is [...] Continue Reading »
An amount of around four lakh residents and business owners of Noida and Greater Noida will have to cough up more money for their properties to the local authority. The reason behind this is that the Noida authority has decided to pass on to them the burden of an additional Rs 1,800 crore which will [...] Continue Reading »
The East Delhi Municipal Corporation (EDMC) that has passed 33 building plans during a special camp which was held at its Patparganj headquarters in East Delhi. The East Delhi Municipal Corporation during a special camp that started on the 21st of July and is organized on every Monday for sanctioning of building plans and regularizing [...] Continue Reading »
The hiked real estate costs in the metros and tier 1 cities are causing several restaurant chains to smaller towns. With tier 2 and non-metro cities offering restaurants better returns on their real estate investments, and since the customer base and market potential are almost the same as compared to the other metro cities, quick [...] Continue Reading »
The Board of Approvals which is under the Union Ministry of Commerce has given its conditional nod to a GMR Group proposal in order to buy out the 50 percent stake which is owned by its partner Malaysian Aerospace Engineering in an aircraft maintenance repair and overhaul (MRO) unit. The MRO unit is located at [...] Continue Reading »
The Leela Group which is the former partner of Kempinski AG in India is in talks to sell some part of its properties in order to pay debt as stated by its chairman Vivek Nair. The group, whose listed unit Hotel Leela Venture Ltd. had a total debt of Rs 5,000 crore ($821 million) as [...] Continue Reading »
It was impossible for Dharmang Shah who is a bank officer, to buy a house in Surat city a couple of years ago. All developers demanded had 50 percent payment in cash for Rs 55 lakh for three-bedroom flat. But now many of the developers have started to accept the whole payment in cheque. The [...] Continue Reading »
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] Continue Reading »
The IL&FS Engineering Services Ltd has said that it has received a letter of Intent for Rs. 105 crore worth buildings work in Mumbai. According to a company statement, the contract is from the Lodha Group for civil construction works. The contract is for the 18 proposed G+15 residential buildings in Phase II of its [...] Continue Reading »
