Realty News
Rs. 550 crore is raised by India Infradebt and L&T Infrastructure Finance Co from the bond market which was the first such fundraising of its kind. These debt funds were conceived more than three years ago under the non-banking finance company (NBFC) structure to help banks by taking out infrastructure loans from them. ICICI Bank, Bank of [...] Continue Reading »
The government is speculating over introduction of a fresh Bill to replace the Delhi Apartment Ownership Act, 1986. The Union Urban Development Minister Venkaiah Naidu discussed this issue of the concerns of apartment owners in the city with the Delhi Members of Parliament in a meeting and assured that the problems of the owners of apartments [...] Continue Reading »
There has been a lot of negativity around the Land Acquisition, Rehabilitation and Resettlement Act of 2013. The Narendra Modi-led NDA Government may face stiff resistance in amending this act. Most of the BJP-ruled States demanded the repealing of the Act at a recent meeting of Revenue Ministers. Rashtriya Swayamsevak Sangh (RSS) in two minds about [...] Continue Reading »
Housing and Urban Poverty Alleviation Minister M. Venkaiah Naidu prefers the public-private partnership (PPP) and corporate social responsibility (CSR) to achieve the NaMo government’s dream of ‘’housing for all’’ by 2020. By the 75th Independence Day in 2022, the Modi government wants to fulfil this dream of providing the urban poor with a house with all the [...] Continue Reading »
Telangana’s new CM K Chandrasekhar Rao who was sworn in on June 2 has already charted out a new economic agenda for the newly founded state. Attracting investments and creating further employment is his main focus and his ministry which will soon come out with a new industrial policy which will safeguard the interests of [...] Continue Reading »
The land registry ban which the Gehlot government had imposed in Jasol and Pachpadra on July 11, 2013, has been overturned by Chief Minister Vasundhara Raje’s cabinet. The ban on registry of land in Jasol and Pachpadra was put in place by the Gehlot government last year, after a phenomenal escalation in land prices shortly [...] Continue Reading »
Addressing analysts in a conference call on Friday, bigwig realty firm DLF’s group CEO Ashok Tyagi said that the company is hoping to see a steadiness in sales in the real estate sector in the next 18 months or so. Tyagi’s projections of an al least 18-month time period for the sales in real estate [...] Continue Reading »
Yamuna and NOIDA expressway funds will be raised by hiking land allotment rates in NOIDA and YEIDA. A 10% hike was announced by the Noida, Greater Noida and Yamuna Expressway authority’s Chairman, Mr Rama Raman. In their board meeting the New Okhla Industrial Development Authority (Noida) and Yamuna Expressway Industrial Development Authority (YEIDA) approved a 10% [...] Continue Reading »
By the end of this month the Government is looking forward to hold a meeting with the infrastructure development companies and land owners, and chalk out blueprints for setting up of satellite townships in Himachal Pradesh. In the next cabinet meeting the Himachal Pradesh Urban Development Authority (HIMUDA) will present the integrated township policy. Mr Sudhir [...] Continue Reading »
The newly formed state of Telangana is taking all the measures to expedite the growth in the state. The Telangana Government is considering coming out with norms for a single window clearance system for real estate and other construction projects. This will cut short the project implementation time and increase transparency. The State Minister for [...] Continue Reading »
