Realty News
A Central public sector undertaking – Hindustan Lifecare (HLL Lifecare) – has joined forces with Tata Memorial Centre to build a modern women and children cancer hospital at Parel in Mumbai. A memorandum of understanding (MoU) marking the partnership has been signed by HLL Lifecare and Tata Memorial Centre; with the project management consultancy having [...] Continue Reading »
Mumbai based developers Lodha Developers Pvt. Ltd, is building the world’s tallest residential tower. The company is building the 117-storey World One residential tower, which it says will be the world’s tallest at 423 metres. This tower is located in central Mumbai’s Lower Parel district near the offices of Morgan Stanley and KKR & Co. [...] Continue Reading »
Blackstone the premier global investment and advisory firm and its local partner Embassy Group are likely to set up India’s first real estate investment trust (REIT). They will list it in on domestic exchanges next year. Chief Executive for Commercial Real Estate Division Michael Holland of Embassy Property Developments mentioned that his team has already [...] Continue Reading »
Speedier project implementation in the infrastructure sector is the mantra of the new NDA government. The government is considering radical changes in the Land Acquisition Act to enable speedier project implementation by diluting the social impact assessment and consent clauses. Due to these clauses many people in the area who are not ready to part [...] Continue Reading »
In order to meet the demands of better urban living, the government has offered tax and non-tax incentives to promote investments in urban infrastructure and housing sectors. This includes REIT and InvITs and has also made provisions for increasing Plan outlay in the Budget 2014-15. After the presentation of the budget, the Urban Development and [...] Continue Reading »
Chief Minister N Chandrababu Naidu of the new bifurcated state of Andhra Pradesh stated that A.P will soon have a new industrial policy incorporating 11 sub-sectors such as IT, tourism etc. Releasing the White Paper on July 11, on industries infrastructure & employment, Naidu stated that the focus would be on identifying a few growth [...] Continue Reading »
Subrata Roy and the two Sahara directors are in the prison for over four months now, and are waiting for the Supreme Court (SC) to declare its verdict soon. The Sahara versus SEBI (Securities and Exchange Board of India) case has reached a crucial stage because the Supreme Court is likely to decide shortly on lifting [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
Global deal tracking firm Mergermarket has revealed in a recently-released report that, in the first six months of 2014, Mergers and acquisitions (M&As) in India witnessed a substantial increase to USD 17.1 billion; thereby marking a year-on-year jump of more than 47 percent. According to the figures shared in the Mergermarket report, the January-March 2014 [...] Continue Reading »
According to a United Nations’ report released on Friday, India’s capital city Delhi is the second most populous city in the world. The report- based on statistics as on July 1, 2014 – said that the total population of Delhi is approximately 25 million. As per the UN report, the most populous city in the [...] Continue Reading »
