Realty News
The Mumbai Metropolitan Region Development Authority (MMRDA) which is the government body responsible for the infrastructure development in the Mumbai region may spend as much as Rs.1 trillion in order to build and expand metro-rail links and roads to distant suburbs over the next 7 to 8 years. MMRDA has also been making plans to [...] Continue Reading »
The Supreme Court last Monday has sought replies from the state. The BMC and Pure Drinks has been asked by the apex court for an amended plea for clarification of its October order against over 100 illegally constructed flats that have been constructed in six buildings at the Campa Cola compound located in Worli. The [...] Continue Reading »
Starting the construction of 388 flats in one of the blocks of the Sector 63 General Housing Scheme of the Chandigarh Housing Board (CHB) has been gaining speed; this has been sighted as a ray of hope especially for the people who have applied for a flat. It would be really a matter of relief [...] Continue Reading »
The recent development plan for the state capital of Gujarat was proposed by the Gandhinagar Urban Development Authority (Guda). It talks about special policies to attract builders for more housing in the city. Discounts in jantri rates; special areas earmarked for housing projects for lower income, middle, and higher income groups will be taken up [...] Continue Reading »
Mahindra Lifespace, the listed real estate arm of the M&M group, is launching around 4,500 homes under the affordable housing segment in the next two months. This is in sync with the Modi government’s ‘’housing for all by 2022’’ agenda. The company has identified two additional areas in the Mumbai Metropolitan Region, other than the [...] Continue Reading »
Asian Business Connection, the holding company of the Carnival Group has acquired the IT Park in Kochi from the company owned by the promoters of Leela Group for Rs 280 crore. The Mumbai-based Carnival Group seems to be very satisfied with this deal as the property is spread over 6.5 acres and brings in good rental income. Out [...] Continue Reading »
The market sentiments have changed post the Modinomics wave and the Private equity (PE) firms are using this buoyant market sentiment to exit their old investments via public market sales route. Over nine-fold returns were made by Carlyle Group when it made a full exit from Repco Home Finance, a housing finance company based in Chennai. [...] Continue Reading »
After the budget the market sentiment has improved and many players are interested in investing in real estate. ASK Group, a diversified financial services group, has made the maiden investment of Rs 127 crore from its offshore fund in ATS Group’s project in Noida. The project is located at Sector 150, Noida across 20 acres [...] Continue Reading »
On Sunday morning, Sector 33 in Gurgaon witnessed a unique situation. About 150 people who have bought apartments in Unitech Residences project at Sector 33 in Gurgaon turned up at the site with shovels, chisels and other masonry tools, to construct their unfinished apartment towers themselves. Vikram Bishnoi the president of the Unitech Residences Apartments [...] Continue Reading »
The Chief Minister of Tamil Nadu, Jayalalithaa wants the All India Institute of Medical Sciences to set up a campus during the present financial year as has been planned as a part of the Budget in order to increase the autonomous public medical college group in the country. This will definitely in help in the [...] Continue Reading »
