Realty News
In the state assembly on Wednesday, it was announced by the state government that the National Informatics Centre would now conduct the draw for houses of the Gujarat Housing Board within a month. Cabinet Minister Nitin Patel spoke on behalf of Chief Minister Anandiben Patel, and said that the state government had ordered an enquiry [...] Continue Reading »
Mehul Thakur, Director of real estate firm Viva Homes, has made clear his expectations of PM Narendra Modi-led government to boost the growth of the real estate sector by focusing on infrastructural development. “Infrastructural development has been at the forefront of the new government’s agenda on account of its potential to propel economic growth significantly. [...] Continue Reading »
On Thursday the Urban development minister M. Venkaiah Naidu stated that the government will open a third party escrow account to fund affordable housing in the country. This account will be responsible for collecting taxes and other charges that are levied on materials such as cement and steel in the housing industry. This account will generate revenue [...] Continue Reading »
Britain’s Chancellor of the Exchequer George Osborne and Foreign Secretary William Hague are set to visit Mumbai and Delhi next week ahead of the maiden Budget to be presented by the finance minister on July 10. This will be the country’s first ministerial visits to India since the election. The ministers will begin their visit [...] Continue Reading »
Six FDI proposals with estimated investments of Rs. 551 crore, including Mauritius-based Destimoney Enterprise’s Rs. 489.99 crore proposal for subscribing to partly paid equity shares of PNB Housing Finance Ltd., have been cleared by FIPB. Amri India Pvt. Ltd.’s Rs. 59.95 crore proposal for a fresh and renewed investment of $ 10 million from its [...] Continue Reading »
According to the recent statistics shared by property consultant CBRE, the three-month period between April and June 2014 witnessed a 26 percent increase – to almost 8 million sq ft – in office space leasing in seven cities of India. Going by the CBRE figures – released in a report titled ‘India Office Market View [...] Continue Reading »
The city corporations have finally come to a conclusion that they will clear all the files which were pending for quite some time at its office. There will be adalats organized by the civic body in order to ensure that there is quick disposal of all the pending plans. Currently, one citizen will have to [...] Continue Reading »
Qualified institutional placement(QIP) entrails selling equity instruments to institutional investors. This route is now taken by many companies to raise funds primarily to repay debts and solve the liquidity crunch for the stalled projects. Two infrastructure companies, GMR Infrastructure and JP Associates, hit the capital markets on Wednesday to raise a total of $550 million (around [...] Continue Reading »
Animal rights NGO, People For Animals (PFA) has been allotted a half-acre plot in sector 9E, Kalamboli, by the Cidco, for constructing the first veterinary hospital in the city. Animal welfare has long been side-lined, and this initiative would be a breath of fresh air for neglected animals throughout the city, as well as spur [...] Continue Reading »
BJP’s manifesto clearly charted out the housing for all agenda by 2022. Urban Development and Housing Minister Venkaiah Naidu mentioned in New Delhi that this is a top priority of the government, which is exploring all financial models, to go ahead with the ambitious scheme. Modi has invited the states and Union Territories ministers to [...] Continue Reading »
