Realty News
If the forest area exceeds 33 % of the total land area, then the States may now be allowed exemption from compulsory afforestation in lieu of land acquired for industry. Under the current circumstances this leeway is available to a state only if its forest area was above 50% of the total land. If a certificate [...] Continue Reading »
The Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu on Friday mentioned in New Delhi that the BJP Government is set to bring out a revised Bill to regulate the real estate sector. Naidu did not give details about the contours of the Bill, however mentioned that the earlier Bill has lapsed [...] Continue Reading »
Property consultant CBRE has revealed in its recently-released India Office Market View for 2014 second-quarter report that absorption rates for office space in the Kolkata market witnessed a nearly 30 percent quarter-on-quarter plunge. According to the report, the movement of office space in Kolkata during the April-June quarter was notably ‘slow;’ with the key contributor to the overall [...] Continue Reading »
According to the latest statistics shared by the National Crime Records Bureau (NCRB), Delhi was the top-ranking State/Union Territory in India in terms of property fraud and misappropriation in 2013. The NCRB report has revealed that, among all states and union territories (UTs) in India, the maximum number of reports of property fraud cases during [...] Continue Reading »
The joint-venture company of US-based private equity (PE) company Blackstone and Pune-based property developer Panchshil Realty has recently acquired a major stake in Express Towers – located in Nariman Point in Mumbai – for approximately Rs 870 crore. The deal was finalized recently, after months of negotiations. Express Towers is an iconic building which is owned by The Indian [...] Continue Reading »
There are many tasks in front of the BJP government which were left in a mess by the previous government and they have to fix it now. Fixing the central treasury is one of them. The government’s fiscal consolidation moves have to be very tactful to avoid any adverse effect to any of the stakeholders. [...] Continue Reading »
In an expert call for an investigation, many things were revealed which might be detrimental for the ailing aviation industry. During the era of cheap flights, the demand was more and the industry was doing well. However post-recession demands went down as the companies started cost cutting measures and reduced travel for their executives and [...] Continue Reading »
Reliance Infrastructure (RInfra), a part of the Reliance Group (led by Anil Ambani), has appointed MS Mehta as the chief executive officer (CEO) of the company with effect from Monday. Since the industry expects a lot of growth in the infrastructure sector, this is an extremely plum job and the company will expect a lot [...] Continue Reading »
After Narendra Modi was elected as the prime minister the industries are expecting a growth in GDP (Gross Domestic Product) and the share market has shown a positive trend. Several private Indian firms want to pay off debts by raising up to $5 billion this year through share sales, and the real estate companies are [...] Continue Reading »
It seems the new focus of Reliance ADA Group led by chairman Anil Ambani will be Infrastructure in this fiscal. Anil Ambani on Monday called on Andhra Pradesh chief minister Chandrababu Naidu and Telangana chief minister K Chandrasekar Rao (KCR), along with other industrial leaders including those from GVK and GMR groups. Reliance Infrastructure (RInfra), [...] Continue Reading »
