Realty News
In an official, written communication with the Goa MP Shantaram Naik, Union Human Resource Development Minister Smriti Irani has that an area of 120 acres has been identified by the Goa Government for the National Institute of Technology (NIT), Goa. In her correspondence with Naik, Irani – who was on a visit to Goa recently [...] Continue Reading »
Wipro and Tech Mahindra are apparently keen on making investments in Andhra Pradesh. The interest of the two companies in investing the State has become evident from the fact that they have approached the State Government to seek land for setting up facilities which will create employment opportunities for 12,500 people. With regard to the [...] Continue Reading »
Last year, SEBI announced the draft Real Estate Investment Trust (REIT) regime. The move was widely hailed by the beleaguered real estate industry as an advance in the right direction and a potential redeemer of the industry. However, the REIT regime is still to be effectively implemented because of a number of reasons; the [...] Continue Reading »
A government entity has recently given its approval to a restructuring plan – put forth by consultancy firm EY - for a skyscraper project at Manchirevula on Hyderabad outskirts. The Rs 7,000-crore project in Hyderabad pertains to a 100-storey trade tower which Reliance Infrastructure was to implement on an expansive 76.2-acre land area, involving 20 million square feet [...] Continue Reading »
The pre-budget economic survey which was presented in the Parliament reiterated the need to promote structural changes in manufacturing in the medium term. There was a tremendous slowdown witnessed by the industrial sector which had negatively impacted the GDP of the nation, needs robust mechanisms for revival. Reviving private sector investments to spur growth in [...] Continue Reading »
BMC has completely ruled out the possibility of an out of court settlement with residents in Campa. They further stated, that the present rules and regulations do not allow regularizing the illegal flats constructed in Worli society. The BMC has although provided the residents in the 96 illegal flats a little bit of relief as [...] Continue Reading »
Sarathi Studios have accepted to give its major land in Ameerpet to meet the need of Hyderabad metro rail project to build an interchange cum circulation area. This will act as a catalyst for the Hyderabad metro rail project. The interchange that will be built shall help facilitating passengers to move within two corridors. The [...] Continue Reading »
Tarun Gogoi, Assam’s Chief Minister has achieved an amount of Rs 1,450 crore in order to develop the infrastructure of ten state universities and also construct an all women university. An official source stated that Tarun Gogoi had recently met the Union Human Resource Development Minister Smriti Irani in Delhi and had discussed about the [...] Continue Reading »
Deforestation and land erosion had reduced the forest cover in the last few years. However the afforestation moves taken by the government and the forest officials had helped to improve the situation and the country has recorded an increase of 5,871 square km in its forest cover in the past two years. West Bengal alone [...] Continue Reading »
Khushru Jijina the Managing Director, Piramal Fund Management is very excited after launching a new fund – Indiareit Apartment Fund – that will acquire residential units in tier-I markets at a discounted rate. This fund launched by Piramal Fund Management will buy residential apartments in bulk purchases from developers. The target fund size is Rs 350 [...] Continue Reading »
