Realty News
All the state governments are gearing up with agendas of affordable housing. Punjab Deputy Chief Minister Sukhbir Singh Badal today announced that the state government would construct one-lakh houses for economically weaker sections in the next three years. Participating in the ‘Housing for All’ conclave of State ministers of Housing and Urban Development at Vigyan [...] Continue Reading »
Once profitable Sahara group is now at the verge of bankruptcy and is looking at the means to raise funds to pay for the bail of their chief. Sahara chief Subrata Roy on Thursday requested the Supreme Court (SC) to allow him parole for, at least, 40 days to sell his properties to raise Rs [...] Continue Reading »
It seems that Modi’s ministry is well synchronised and is working towards the same goal. On Thursday the Chhattisgarh Urban Administration, Housing and Environment Minister Rajesh Munat urged the Central Government to make the land allocation process simple to provide affordable housing to the people. Munat mentioned in the conference of the Urban Development and [...] Continue Reading »
The real estate developers of South India have decided to teach a lesson to the cement manufacturers for their alleged price hike by not buying cement for one week. However the industry experts are looking at this recent spat between the builders from south India and local cement manufacturers on the hike in cement prices [...] Continue Reading »
Units are offered to the public by the Real Estate Investment Trust (REIT), which means REITs in retrospect would be catalysts that help raise funds from sources such as investors. It would be these investors or angels that would bring about real estate promising to dole out funds and the same would then be distributed [...] Continue Reading »
Market regulator Securities and Exchange Board of India (SEBI) was today asked by the Supreme Court to come up with safeguards to verify the transparency in the sale of properties of the Sahara Group to raise the amount for the release of its chairman Subrata Roy, who has been in Tihar Jail since March 4th. [...] Continue Reading »
Despite consumers having kept away from big-ticket terms such as real estate and cars in the recent years, latent demand is set to rebound in real estate in FY15, say analysts. Over the past six months, the BSE Realty Index has risen 44 percent, and the Sensex has risen 24 percent. Over the past three [...] Continue Reading »
Modi’s regime has completed a full month recently, and has thrown up some of the best economic data in a while, generating excitement ahead of a budget that is expected to unveil measures aimed at sparking a recovery, after a slump that has seen growth stay below 5 percent for two years in a row. [...] Continue Reading »
By the quarter ended June 30, 2014, India Inc.’s revenues are expected to grow 9-11 percent. This is comparable to a 4.3 percent in the same period last year, as well as an 8.4 percent in the quarter ended March 31, 2014, says a study by Crisil Research. This growth may largely be driven by [...] Continue Reading »
An amount of Rs 400 crore will be raised by Ansal Properties and Infrastructure Ltd from Peninsula Brookfield Investment Managers, which is a joint venture company of Peninsula Land Ltd and Brookfield Asset management. The money will apparently be raised by Ansal properties as structured debt via the non-convertible debenture (NCD) route. With Peninsula Brookfield [...] Continue Reading »
