Realty News
Post waiting for more than three decades, the Delhi Development Authority or DDA has finally called for the draw of those who have registered for the plots in the Rohini Residential Scheme of 1981. The draw for all the remaining 744 applicants in the scheme will be organised on the 8th of August. The move [...] Continue Reading »
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »
On Monday, Union Minister of State for Civil Aviation, GM Siddeshwara, informed the Lok Sabha that the Taj International Greenfield airport project near Delhi has been revived by the NDA government. The project has been shelved for years. The Greenfield airport proposal pertains to a second airport near Delhi; but outside the 150-km restriction which [...] Continue Reading »
Affordable housing facilities will be made available for industrial workers in Gurgaon, in an evident attempt to deal with the shortage of manpower in the industrial zones in an around Gurgaon. With there being lack of affordable housing facilities for industrial workers in the Gurgaon area, more than 7 lakh employees comprise the ‘floating workforce’ [...] Continue Reading »
Over this past weekend, buyers in a number of housing condominiums in Gurgaon and Noida were up in protest against delayed projects. One of the most noteworthy demonstrations was carried out by nearly 50 home buyers who protested at Unitech Residencies in Sector 33, Gurgaon. The demonstration by these homebuyers marked a unique protest over [...] Continue Reading »
An educational hub located in North Delhi, is the prominent locality of Mukherjee Nagar. As the area is in close proximity with Delhi University’s north campus and educational core of Vishwavidyalaya, a number of students from colleges such as HansRaj, SRCC, and Hindu Ramjas are interested in moving here. Mukherjee Nagar boasts of brilliant connectivity [...] Continue Reading »
Originally announced in the Fiscal Year of 2014, REITs (Real Estate Investment Trust) did not offer any tax sops to attract potential investors in the cash-strapped realty market. The BSE has now launched a 11-member advisory group on REITs, to engage long term funds from national and international investors. In order to popularise REITs, various [...] Continue Reading »
The eminent international hospitality group Starwood Hotels & Resorts, as per its extension scheme, has big plans of investing in hotels operating under both pipeline and management contracts in India. The first-rate company aims to have 65 operational properties, to add to the already existing 39 hotels under six brands, including Luxury Collection, Westin, Sheraton, [...] Continue Reading »
HDFC Property Fund, a part of financial sector conglomerate HDFC, is responsible for raising $250 million (over 1500 crores) by investing in residential properties across Indian cities and obtaining revenue from marquee international Investment Investors. This marks the closure of the second international HDFC real estate fund, and the first fund of $800 million procured [...] Continue Reading »
South Korea and Japan have both shown interest of undertaking industrial projects in Rajasthan’s Neemrana. The proposed investment projects will help accelerate the government’s plan of improving infrastructure and forming industrial clusters in the country. The two countries, along with the current BJP government are collectively working towards reviving India’s manufacturing sector by the formation [...] Continue Reading »
