Realty News
India’s largest e-commerce firm Flipkart, which is in advanced talks to raise more funds, is looking to consolidate its offices in Bangalore and build a large, 1.5 million square feet campus. This campus will have an initial capacity to house 12,000 people and will save a lot of rental income for the company which it [...] Continue Reading »
The Land Acquisition Act was projected as one of the landmark laws brought out by the UPA; however the state governments have been demanding to make changes in the act and make it a practical one. The new NDA Government on Wednesday expressed its willingness to review certain provisions of the Land Acquisition Act after [...] Continue Reading »
Logistics plays the role of a key artery connecting production centres with consumer markets. However surprisingly in India real estate make up, logistics and warehousing still remains a relatively under invested area. However the industry experts mention that the entire supply chain equilibrium can be disturbed if there is a disruption in the functioning of [...] Continue Reading »
The urban development minister M Venkaiah Naidu told the Parliament Wednesday that the state of FDI investments is showing green. India’s urban development sector received foreign direct investment (FDI) worth $1.3 billion (Rs 7,924.85 crore) during the 2013-14 fiscal. The FDI, in the form of equity, was used for construction of townships, and in projects [...] Continue Reading »
Modi’s election manifesto talked about improving the infrastructure of the country and reduce the load of the Metros and develop Tier 2 and Tier 3 cities. Finally the time has come to take some action on that agenda. Government is planning to set up 100 smart cities across the country that will provide all modern [...] Continue Reading »
We thought that developers only cheat hapless citizens. However an FIR has been registered against 14 businessmen and establishments, including KM Goenka, Vinod Goenka and Shahid Balwa, for allegedly cheating and misleading the Maharashtra Government. The names of the 14 accused who figure in the FIR are Mukund Bhavan Trust, Mukunddas Murlidhar Lohiya (both from [...] Continue Reading »
Commercial office space landlord RMZ offices aims high as it sets its sight on obtaining Rs 9,000 crore ($1.5 billion) through a Real Estate Investment Trust (REIT) either in Mumbai or Singapore. RMZ corporate vice chairman Manoj Menda has made it clear that this Bangalore-based developer is soon to be made public within 15 months, [...] Continue Reading »
The Telengana Government is trying to set up a ‘Pharma City’ near the state capital on the span of 8,000 acres. The city that has been proposed to be built will have industries, a residential colony and a power plant with 500 MW capacity will be constructed beside the city which will provide the city [...] Continue Reading »
The Housing Regulatory Act was designed with a view to regulate and promote construction, sale, management, and transfer of flats on ownership basis. Under this Act, it is now essential that project developers pay a fee close to Rs 50,000 in order to register their projects online through a government website, listing all the project [...] Continue Reading »
The Fiscal Year of 2015 is to be a promising one, as the hungry real estate market is finally going to be fed with fresh private equity (PE) investments worth Rs 10,000 to 15,000 crore. The interest to invest in real estate has been fluctuating, as in 2011, private equity investment was Rs 20,000 crore [...] Continue Reading »
