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Realty News

New flyovers in Mumbai Haji Ali and Peddar junction

New flyovers in Mumbai Haji Ali and Peddar junction
The Mumbai Transformation Support Unit or MTSU which is a state government think thank recommended for a fresh design to ease the traffic at the Haji Ali Junction and also on Peddar road which is an aerial north south connector. The aerial connector will be able to cut down the rise in traffic problems in [...] Continue Reading »

New smart city to act as a counter magnet to Chandigarh

New smart city to act as a counter magnet to Chandigarh
The third satellite city is going to come up around the city of Chandigarh; however the government of Punjab last Wednesday stated that New Chandigarh will not be another parasite on the Corbusian Chandigarh but it will be the state’s first smart city. The building of a satellite town will help in the further development [...] Continue Reading »

PE funds exit out of old investments: Carlyle sells Repco Home Fin stake for Rs 471 cr

PE funds exit out of old investments: Carlyle sells Repco Home Fin stake for Rs 471 cr
The market sentiments have changed post the Modinomics wave and the Private equity (PE) firms are using this buoyant market sentiment to exit their old investments via public market sales route. Over nine-fold returns were made by Carlyle Group when it made a full exit from Repco Home Finance, a housing finance company based in Chennai. [...] Continue Reading »

Government set up special committee to provide a report on violations caused by DLF

Government set up special committee to provide a report on violations caused by DLF
While construction of a flat complex at the Chilavanoor river bank DLF realtors had cause a violation under the Coastal Regulation Zone Act. The Chief Minister, Oommen Chandy told that they would take further actions on the alleged violation by DLF realtors after they get the report from the expert committee that has been set [...] Continue Reading »

27 SEZs request government to offer them more time for projects

27 SEZs request government to offer them more time for projects
27 SEZ developers like DLF Info Park, Navi Mumbai SEZ and Gulf Oil Corp has asked for special requests from the government to give them more time to finish their projects. The other companies who have asked for time from the government are Indiabulls Industrial Infrastructure, Pasvnath Infra, Electronics Corporation of Tamil Nadu and the [...] Continue Reading »

50% CEO’s expect a rise in their investments

50% CEO’s expect a rise in their investments
The new CEO’s are looking happy with the announcement in this year’s union Budget while they plan to make an increment in their investments. The survey conducted by industry chamber FCCI, revealed the aforesaid last week. The union budget is thus being taken very positively in the industrial sector. The survey said that the CEO’s [...] Continue Reading »

Existing cities will also be transformed to smart cities

Existing cities will also be transformed to smart cities
The Ministry of Urban Development has been getting a list ready for the features that can be installed when the work commences on the development of ‘100 smart cities’. The aforesaid was announced during the present years Union Budget. An amount of Rs 7,060 crore has been set aside for the development of these smart [...] Continue Reading »

$13 billion offered by an American bank to solve mortgage issues

$13 billion offered by an American bank to solve mortgage issues
The Wall Street Journal has recently reported that  the Bank of America Corp has given an offer of an amount of $13 billion to settle the problems in a the mortgage securities that have been sold by the bank. The report has been published so that people who are familiar with the scenario get aware [...] Continue Reading »

Rules of converting agricultural land made simple in Maharashtra

Rules of converting agricultural land made simple in Maharashtra
The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting. In the present provision the owners of the land will not need to take collect permission previously to convert their land [...] Continue Reading »

Land provided for industrial purpose used for housing colony

Land provided for industrial purpose used for housing colony
In the Dattowala area of the Nalagarh industrial area, there has been an issue of a case of violation of Section 118 under the HP Tenacy and Land Reforms Act of 1972. The stretch of around 10 bigha land which was purchased for the use of industrial park is now being used for the construction [...] Continue Reading »



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