Realty News
The Union finance minister Arun Jaitley said on Thursday that capital formation in agriculture and development of rural infrastructure is the key for improving the quality of life for the people in the countryside. Jaitley mentioned that the rural population is deprived of the basic amenities and the government will strive towards providing housing, toilets, [...] Continue Reading »
The government along with the private sector needs to work to increase the supply of low-income houses, and then only the target of providing housing to all by 2022 can be met. The good news is that this would translate into business opportunities of Rs Nine lakh crore for the developers. The advisory firm Deloitte mentioned [...] Continue Reading »
The telecom department explores ways to resurrect the loss-making telecom company BSNL and help it meet capex costs. Bharat Sanchar Nigam plans to raise nearly Rs 6,000 crore of fresh resources by monetizing property holdings and sharing/leasing its 73,000-odd mobile towers. The state-run telco also proposes to boost cash flows by targeting 45 % revenue [...] Continue Reading »
City-based Pert Electronics, which has developed a product that converts switchboard into a smart device, is looking to tap real estate developers for bulk sales. Since huge housing complexes have switch boards, and if the existing network can be used to beef up security, then it will be a win-win situation for the realtors and [...] Continue Reading »
The Modi Government has been making attempts to revive the Special Economic Zones (SEZs) all across the country. The impasse that has been created by the UPA Government policies keeps on haunting them. In Maharashtra, only around 14 percent of the allowed Special Economic Zones are functional. The Board of Approval or BoA of the [...] Continue Reading »
The Ambattur micro market house which is situated in the north-west of Chennai has a number of small scale units and manufacturing facilities. The Ambattur industrial estate consists of many units. The units include textile, chemical and automobile companies. This is one of the chief industrial belts in the city that houses so many manufacturing [...] Continue Reading »
Devanahalli which is the home to a new international airport looks to be the breeding ground for several land scams. In a recent incident that has come up surface, four tahisildars have allegedly sold off government plots with an estimated price of 100 crores to private land developers in between the year 2008 and 2013. [...] Continue Reading »
The Foreign Investment Promotion Board (FIPB) has cleared 19 FDI proposals including that of Walt Disney Company and Reckitt Benckiser (India) entailing total investments of Rs 2,326.72 crore. The Finance Ministry in a press release in its meeting held on June 11, 2014, mentioned that based on the recommendations of FIPB, the Government has approved 19 proposals [...] Continue Reading »
Apparently the increasing property prices in Delhi are finally looking like to have hit a plain. The National Housing Bank’s property price index shows that there has been a decrement of 1.5 percent in the residential property prices in the city during the January-March 2014 quarter as compared to previous year. The Residex of NHB, [...] Continue Reading »
The Chief Minister of Tamil Nadu, J Jayalalithaa has announced the plans for a number of industrial infrastructure investments which include an electronics components cluster and a National Investment and Manufacturing Zone that will help in boosting the investments in the southern districts region. The industrial belt will be set up as fast possible after [...] Continue Reading »
