Realty News
The elevated curiosity of private equity investors in online business enterprises is the cause of India’s IT & ITeS sector to be attracted with $1.64 billion funding. According to the report of PwC given in the Money Tree India Report Q3 2014, in consideration with PE investments, India’s IT and ITeS sector exert a pull [...] Continue Reading »
A net amount of $103.5 million has been raised, as per the claims by Sentient Technologies to the Series C funding from Access Industries. The fund was raised by a group of companies that include the Tata Communications (Hong Kong), Horizons Ventures and a group of private investors in the fields of finance, consumer, food [...] Continue Reading »
From the views of property consultants apartment rents in cities such as South Delhi, South Mumbai and Gurgaon undergoes a great fall from 20% to 30% when compared to last year survey. What would be reason for this drop down? From property broker’s view, for the past two year’s commercial office and job market space [...] Continue Reading »
The rating system would entail the real estate developers to disclose many things. They would have to reveal the exact source of funding for all their projects and also the completion rate of the project every year. Builders turn ferocious against such grading system. This act came into power in the beginning of this year, [...] Continue Reading »
The Market regulator Sebi authorization is obtained by GMR Infrastructure to raise a fund of Rs. 1,500 crore by means of rights issue. GMR will make use of the funds raised to make settlement towards borrowings and also for general corporate needs. What is Rights Issue? According to rights issue, shares are provided to the [...] Continue Reading »
Chief Minister Chandrababu Naidu has given his assent to increase the rate of land registration and stamp duty across 13 districts in Andhra Pradesh. This has been done taking into consideration a prevailing real estate boom in the state and also the need to fetch an additional revenue of Rs. 1500 crore per annum which [...] Continue Reading »
According to a statement released by RBI Governor, RaghuramRajan, the Reserve Bank of India plans on offering greater flexibility to banks for restructuring of distressed loans. This shall be done with the objective of steering funding towards cash-strapped infrastructure projects. In view of the poor state of affairs in the development of infrastructure projects due [...] Continue Reading »
The plan of buying land in NCR is refuted by Puravankara’s Joint MD Ashish Puravankara. But he said that as a customary course of business, now and then several joint development prospects will be assessed in different regions. Puravankara which has it’s headquarter in Bangalore is marking its venture into North India. There are also [...] Continue Reading »
The state government of Tamil Nadu has been granted a loan worth Rs. 54 crore for the building of a 50,000 metric tonne silo at Sirkazhiin the district of Nagapattinam. The loan will be offered by the National Bank for Agriculture and Rural Development (NABARD). The financial assistance worth Rs. 54 crore will be covering [...] Continue Reading »
With increasing number of vehicles with each passing day, traffic congestion is a problem every city faces. However, the narrow road of the hill station Ooty that has a heavy inflow of tourists has made traffic congestion a major problem and an unbearable one. Increase in vehicles: there is an estimated 60000 vehicles on the [...] Continue Reading »
