Realty News
Sriram S Mahadevan who is the Business Head of Mahindra Lifespace Developers compares affordable homes to products carrying maximum retail price or MRP labels. Any rise in the price which is above Rs 20 lakh or Rs 2400-Rs 2600 per sq ft would have the target clientele rejecting the product he said. With 1.5 million [...] Continue Reading »
The SatyaVani Homes have announced to plans to set up a satellite township project at Pocharam in the IT hub of Hyderabad with an outlay of Rs 250 crore. The Hyderabad based real estate company plans to develop around 1,800 apartments including 400 service apartments on a 15 acre site in a phased manner over [...] Continue Reading »
The Jaiprakash Group which is selling its entire hydropower portfolio to the Anil Ambani’s Reliance Power is determined to bounce back in the sector by building up to 5,000 MW of new capacity and also aims to rise to the top league of the real estate business by building seven smart cities and completing 300 [...] Continue Reading »
The Supertech Emerald Court resident welfare association (RWA) on Wednesday has welcomed the Supreme Court’s order that has directed the developer to refund the principal amount within a month and pay 14 percent compound interest by October 30th to those buyers who wish to exit frm the twin towers in Gurgaon. As stated by UB [...] Continue Reading »
The Telengana Chief Minister K Chandrasekhara Rao has asked the Chairman of Piramal group Ajay Piramal to invest in the proposed Phama City that the State Government is planning to set up. The Chief Minister stated Ajay Piramal that he can set up a facility there and also find a place in order to develop [...] Continue Reading »
The property rates in the Noida belt are set to go up as the Registry and Stamp Department of Gautambudh Nagar has announced to increase the circle rates by around 10 percent from the 1st of August. The announcement to this effect was made by the department post getting the go ahead notice by the [...] Continue Reading »
With regard to the NDA government’s efforts push to investment in the infrastructure segment through PPP route, the Singapore Exchange Ltd (SGX) has expressed the opinion that the massive investment would largely have to come from overseas because investments from within India would be limited. SGX has asserted that it will play an instrumental role [...] Continue Reading »
The NDA government has apparently cleared revised norms for the Navi Mumbai airport project bids in record time; thus finally giving the go-ahead to the project which has been delayed for more than a decade. With the revised tender document prepared by Cidco having been cleared by the Civil Aviation Ministry, the process of inviting [...] Continue Reading »
The National Highway Authority of India (NHAI) has revealed that the Delhi-Meerut Expressway thus far has no bidders. The cost of construction of the expressway will approximately be Rs 6,500 crore. According to the information shared by the NHAI, none of the five private players in the infrastructure sector that had filed a request for [...] Continue Reading »
Ajay Piramal is all set to make his boldest bet on the country’s battered infrastructure sector under the flagship Piramal Enterprises Limited (PEL). His investments in Vodafone India did fairly well and now with the Modinomics wave, he feels that infrastructure investments should be the next big thing. Piramal Enterprises Limited (PEL) is tying up [...] Continue Reading »
