Realty News
In an evident gearing-up attempt to fund the massive infrastructure plans of the new government, India Infrastructure Finance Company (IIFCL) is assessing the option of overseas bond issuance. According to the information shared by IIFCL Chairman and Managing Director SB Nayar, the IIFCL has a credit line of $5 billion from the Reserve Bank of India [...] Continue Reading »
Railway Minister DV Sadananda Gowda is hopeful that funds from domestic and foreign investors will help him in implementing his Rs 65,000-crore plan for the Railways sector. Domestic and foreign funding is being eyed by Gowda after the Ministry did not receive the desired budgetary support from the Central government for the implementation of the [...] Continue Reading »
According to Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance Ltd, the 2014 Rail Budget has – unlike the Rail Budgets of the previous years – broadened the scope of participation of the private sector. The observation by Kanoria comes against the backdrop of the fact that the Rail Budget this year is largely [...] Continue Reading »
With ‘safety’ being one of the major concerns for the Indian Railways, the latest Rail Budget 2014-15 has enlisted some technological solutions for dealing with the issue. The safety-related technological solutions put forth in the latest rail Budget were recently announced by Railway Minister Sadananda Gowda. Acknowledging the fact that “safety of passengers is of [...] Continue Reading »
Anand Rathi Institutional Research has many expectations from Finance Minister Arun Jaitley’s maiden budget to be presented on July 10. They want the revision of the interim budget fiscal deficit target upwards and a clear roadmap to recapitalize public-sector banks. They also have a list of other expectations listed below- For the Technology sector, they expect [...] Continue Reading »
Unfortunately India has developed a lot post-independence; however some basic safety measures have been completely overlooked in this maddening growth. There is no regulation or rule in the real estate sector which recommends the checks on the quality of materials used for the construction of buildings, and this puts lakhs of lives in India at [...] Continue Reading »
The Land Acquisition Act, 2013 which was brought in by the previous UPA government was considered as one of the successes by the previous government. However the Modi government is all set to make some changes in that act to redress some of the issues regarding compensation and rehabilitation of owners of land acquired for industrial [...] Continue Reading »
The Ajay Piramal group is close to finalising transactions to purchase controlling stakes in six road assets spread across the country. This move is expected to inject life blood into the stressed road sector and boost infrastructure development in a big way. The real estate to financial services group has signed non-binding preliminary term sheets [...] Continue Reading »
There is some good news for BPTP Limited as the Competition Commission has rejected allegations that real-estate firm BPTP Limited and its subsidiary Countrywide Promoters had abused their dominant market position. This was with respect to development and sale of residential apartments in Gurgaon. An individual had filed a complaint against BPTP Limited that they had imposed [...] Continue Reading »
While buying a property what troubles the mind of the customer is whether the previous record of the property developer is good. This idea is deemed very important before making the purchase. However this is more like a myth and has very little importance. It is said that often buying a property from a new [...] Continue Reading »
