Realty News
Realtors’ body CREDAI (The confederation of Real Estate Developers’ Association of India) today appreciated the RBI’s (Reserve Bank of India) move to ease norms for banks to raise long term funds for financing affordable housing. They believe that this will lead to cheaper credit for such projects. In order to encourage infrastructure development and affordable housing, [...] Continue Reading »
Bigwig biscuit maker Britannia has sold 8.6 acres of land in Padi, for Rs 172 crore. The land, for the sale of which Britannia had floated closed tenders last year, has been purchased by Chennai-based Sugal and Damani Foundation. About the purchase of the property sold by Britannia, Sugal and Damini Foundation said: “It was through a competitive [...] Continue Reading »
Publicly-held, Bangalore-based realty firm GMR Infra is set to commence the second phase of monetisation of its land parcel near the Delhi International Airport. The phase will likely begin during the ongoing financial year. For the 230-acre land, GMR Infra – which manages the airport – is expected to get a price of more than Rs [...] Continue Reading »
Major states including those ruled by parties outside the ruling alliance have raised a host of objections to many unworkable provisions in the new Land Acquisition Act. Hence the Modi government has put the Act, which came into force just six months ago, under a comprehensive review. There are minor differences among the states on [...] Continue Reading »
Seeking to streamline the foreign investment regime, the commerce and industry ministry has proposed to introduce a composite cap which will include FDI (Foreign Direct Investment), FII (Foreign Institutional Investment) and other instruments in various sectors. In a draft cabinet note, which was circulated for inter-ministerial consultations, the DIPP (Department of Industrial Policy and Promotion) [...] Continue Reading »
The NaMo government is planning to give the gift of infrastructure on the independence day of India this year. Stalled highways projects worth Rs 1, 80,000 crore will be rolled out in a month’s span after sorting out hurdles like delays in land acquisition and green nods. Road transport and highways minister Nitin Gadkari mentioned [...] Continue Reading »
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
Many global real estate players believe that the Narendra Modi Government would bring back positive market sentiments. Global real estate developer Tishman Speyer is also one of them and is shifting back its focus on India. The company now is looking at expanding its footprint in the domestic market and planning new projects across many [...] Continue Reading »
RBI (Reserve Bank of India)issued a directive on Tuesday that the Infrastructure bonds issued by the banks will have a minimum maturity period of seven years and will not be considered a part of the their net demand and time liabilities (NDTL). RBI also gave the authority to the banks to issue these rupee-denominated bonds [...] Continue Reading »
The recently launched ICT Academy of Kerala (ICTAK) is looking for appropriate space in Technopark to set up its facility. ICTAK has been launched chiefly with the objective of equipping gradates with the requisite skills and knowledge to meet the requirements of the IT/ITeS industry. With regard to the space being scouted by ICTAK in [...] Continue Reading »
