Realty News
According to National Housing Bank (NHB) index, Chennai has witnessed an extraordinary rise in property prices by 249% in the last seven years, and is rapidly becoming the country’s second-most expensive city after Mumbai. Not one of the other 26 cities in India could match the 20% price hike that Chennai exhibited in the last [...] Continue Reading »
The Bangalore-based bigwig infrastructure firm GMR Group has completed initial studies in connection with its proposal to set up a massive green-field port at Kakinada, at an expected investment of approximately Rs 2,500 crore. The proposed green-field port will be set up by GMR in the backyard of Kakinada Special Economic Zone (KSEZ) on Andhra [...] Continue Reading »
A new penalty-related rule is being implemented by the National Highways Authority of India (NHAI) for the toll plazas it administers. Under the rule, a penalty of Rs 10 lakh may be imposed by the NHAI on toll collection contractors on National Highways, if they fail to provide the requisite change of Rs 5 to [...] Continue Reading »
The CEO and Managers of prominent companies give their opinion on whether the new budget will open the door for real estate growth and development in the country. R. Nagaraj, President of CREDAI Karnataka, is optimistic about this year’s Union Budget allocation towards infrastructure and real estate development. According to him, domestic and Foreign Direct [...] Continue Reading »
The $100 billion diversified Tata Group has further extended to include Tata Capital, a private equity arm responsible for the first external real estate investment of the group. Tata Capital has invested $80 million (Rs 470 crore) in 15% stake and a board seat in Shriram Properties, the Bangalore-based real estate division of the Shriram [...] Continue Reading »
No longer is the Indian real estate sector an unorganised one, thanks to the investments from foreign players and Indian corporate houses. Rapid urbanisation, increasing levels of income and opening up of the sector to FDI have resulted in phenomenal growth of the Indian market. The multiplier effect of the real estate sector is what [...] Continue Reading »
With the NDA government’s first 100 days in office to be completed in August-end, Prime Minister Narendra Modi has sent out a 17-point people-oriented agenda to his Ministries. One of the key points of the agenda includes the construction of coastal expressways as part of a plan to upgrade the road and rail network in [...] Continue Reading »
According to Toonz Retail India’s Managing Director and CEO Sharad Venkta, the company – which is a one-stop shop for children aged up to 12 years – has efforts underway to set up 200 stores in the country over the next five-year period. At least 10 of the 200 stores which Toonz retail plans to [...] Continue Reading »
In a recently-released report, rating agency CARE Ratings has revealed that the improved price of cement will likely bring about a notable improvement in the profitability of domestic cement manufacturers in the current fiscal year, owing to higher realisation. CARE said in its report that despite the fact that “monsoon impact” may cause a partial [...] Continue Reading »
The real estate market in India has been witnessing the churn in the last six months of the year and the first half of the year 2014 has not experienced any promising development from most of the developers. The report was given by a survey conducted by Proptiger which is a real estate advisory service [...] Continue Reading »
