Realty News
On June 28 the Corporate Debt Restructuring Empowered Group (CDR EG) of Reserve Bank of India had a discussion in a meeting and had approved the Corporate Debt Restructuring proposal submitted by IVRCL. IVRCL is a leading infrastructure company and has a name in the roadways, express highway and other infrastructure related construction projects. This [...] Continue Reading »
Hindustan Construction Company’s subsidiary Lavasa Corporation has filed a draft red-herring prospectus with the Securities and Exchange Board of India (SEBI) on Tuesday and informed the exchanges. The company decided to raise funds from the primary market through the launch of an IPO worth ₹750 crore. The company’s spokesperson also mentioned that the issue is subject [...] Continue Reading »
In Panaji, the deputy chief minister Francis D’Souza stated that the new central Land Acquisition Act, passed during the earlier UPA government, may either be amended or totally revamped. Most of the states in India are facing difficulties in implementing it. D’Souza, who is also the state revenue minister, had attended the all-India revenue ministers’ conference in [...] Continue Reading »
The entire country, the industry heads, the infrastructure and real estate industries has a lot of expectations from the maiden budget of the NDA government which is expected to set the roadmap for growth and economy in the nation. Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance Ltd urged the Prime Minister Narendra Modi-led [...] Continue Reading »
Should the FIBB (Foreign Investment Promotion Board) remain with the Ministry of Finance or should the Department of Industrial Policy & Promotion (DIPP) take charge? This is a burning question of immense importance asked by the PMO (The Prime Minister’s Office) to the Cabinet Secretariat, say sources, keeping in mind it is the nation’s only [...] Continue Reading »
With the new government in place, there is a lot of hope for anti-corruption and stability, which means, everyone now has to be accountable for their acts. It was on Monday, keeping such views in place that the government made it loud and clear that audits across educational hubs, real-estate and hospitals are to be [...] Continue Reading »
In the last few years, a noteworthy increase in residential-property demand has been witnessed by the eastern suburbs of Mumbai; with the result that these areas are now being counted among the ideal housing destinations in Mumbai. Mumbai’s eastern suburbs, sprawling from Kurla to Thane on the Lal Bahadur Shastri Marg, have been rather low-profile [...] Continue Reading »
Maharashtra state developmental agencies Mumbai Metropolitan Region Development Authority (MMRDA) and City and Industrial Development Corporation (Cidco) have teamed up to expedite the construction of the delays-hit Mumbai Trans-Harbour Link (MTHL) and the multi-modal corridor projects. According to the information shared by an unidentified official, both MMRDA and Cidco have joined forces to speed up [...] Continue Reading »
The apparent absence of new construction proposals has resulted in a 60 percent plunge in the revenue of the city development department of the Thane Municipal Corporation (TMC). Realty developers are shying away from new construction plans in Thane largely because of the civic body’s proposal to link transferable development rights (TDR) with ready reckoner [...] Continue Reading »
With the National Green Tribunal (NGT) having banned construction work in the ecologically sensitive zone within the 10km periphery of the Okhla Bird Sanctuary, uncertainty surrounds the affected realty projects in Noida; and realty buyers and investors in the mentioned region are incurring losses on their investments. The NGT’s order to stall construction in the [...] Continue Reading »
