Realty News
BharatiyaJanata Party-led NDA government has always considered infrastructure development in its top priorities. This ruling party came in power in April-May general election on the promise of stimulating slumped economic growth. However statistics don’t always tell the detailed story, they rather provide detailed outline of the story. As per the statistics from Centre for Monitoring [...] Continue Reading »
NitinGadkari, Union Road, Transport and Highways Minister has shown green signal to the idea of bringing 5 existing roads in Arunachal Pradesh under National Highway-13. The road routes, which will fall under NH-13 after Gadkari’s approval are Joram-Koloriang, Pasighat-Yingkiong via Mariyang, Meka-Anini, Hawacamp-Hawai via Hayuliang and Hoj-Papu via Yupia. AloLibang, Parliamentary Secretary for PWD Minister [...] Continue Reading »
IndiaInfrastructure Finance Co. Ltd (IIFCL)’s UK subsidiary aims to raise $1 billion in foreign parts by knocking the alternate foundations of funding to lend more. Currently, IIFC (UK) is financed by $5 billion Reserve Bank of India (RBI) line of credit. Since the central bank of the country is implausible about extending the credit limit, [...] Continue Reading »
Indiabulls Housing Finance, prominent mortgage lending firm today testified around 20 percent of outpouring in its net profit of June Quarter at INR 424 crore. Year ago from now, the company had displayed its net profit (after payments of taxation) INR at Rs 424 crore. Company’s total income was reported up by 19.3 percent to [...] Continue Reading »
The process of new ideas entering in the league and replacing the previous ones is very common. Same goes with infrastructure funding plans. The fresh addition to such funding schemes is via real estate investment trusts(REIts). However, the most significant advancement here is amendment in the plans for the banks to offer loan for infrastructure. [...] Continue Reading »
My Home Group, a local builder of Andhra Pradesh is all set to buy a 30-acre land parcel in Hyderabad’s Raidurg area for a whopping Rs 550 crore. DLF, India’s largest real estate developer, is the current owner of this land parcel and they are selling it to use the money to reduce their debt [...] Continue Reading »
With the Prime Sristi multi-storey residential project at Moulivakkam – on the western outskirts of Chennai – having collapsed last month, more than 55 flat buyers have come together to form the ‘Moulivakkam Trust Heights Affected Flat Buyers Association,’ in an attempt to get their money back. The Prime Sristi project was to comprise two [...] Continue Reading »
The Apex court on Tuesday refused to release Sahara chief Subrata Roy on bail or parole. Earlier it was sought at the Supreme Court (SC) by the lawyers defending Roy that he should be released on parole for 40 days so that he can sell the overseas properties in London and New York and pay [...] Continue Reading »
The third highest increase in property has been observed in Mumbai in comparison to the other major cities over the past seven years. The rise in property is around 129 percent since 2007. Chennai has topped the chart with a 249 percent hike. The other cities that made to the list with an over 100 [...] Continue Reading »
The department of commerce have started consultation on the norms of changing in order to mandate that at least 51 percent of production in the special economic zones (SEZs) should be physically exported. This move is expected to be help in adding to the inflexibility of units in some designated areas. However the discussions have [...] Continue Reading »
