Realty News
Narendra Modi promised the “Acchhe Din Aane Wale Hai” and his bastion now promises to leave no stone unturned to make the nation happy. In a recent goal calling, led out by the NDA government, Team Modi has placed a nationwide promise of sorts to help everyone have a roof over their heads, affordable and [...] Continue Reading »
The forthcoming annual Budget must make provisions for tax incentives, to reduce the cost of houses for buyers. This would positively impact the real estate market, which would propel the economy out of its current slowdown. Real estate developers Credai and Naredco suggested increasing the present limit of Rs. 1,50,000 on interest payment of home [...] Continue Reading »
On Friday, Rs 4,240 crore FY 2014-15 Budget was approved by Maharashtra Chief Minister Prithviraj Chavan, for the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation of the mentioned FY 2014-15 Budget amount for the MMRDA is an evident indication of the fact that the metro rail, mono rail and flyovers for the Mumbai metropolitan [...] Continue Reading »
In an indication that Ajay Piramal-led Piramal Enterprises is apparently eyeing the acquisition of road assets in India, the company has worked out an advisory services agreement with merchant banker SBI Capital (SBI Cap) on Thursday. Under the terms of the agreement signed by Piramal Enterprises and SBI Cap, the companies have mutually consented that, [...] Continue Reading »
Aurangabad MP Chandrakant Khaire has requested Nitin Gadkari – Union Minister of road transport and highways, shipping and rural development – to issue directions to concerned authorities to expedite the work of four-laning the Solapur-Beed-Aurangabad-Dhule National Highway 211. The NH-211 four-laning project has been divided into three phases — the Solapur to Yedshi 100-km highway; Yedshi to Aurangabad [...] Continue Reading »
Now that the Botanical Garden-Kalindi Kunj Metro Project has finally been approved by the Noida Authority after three years, the Chief Minister Akhilesh Yadav has cleared and sanctioned the proposal during one of the cabinet meetings at Lucknow on Tuesday. The Noida Authority chairman and CEO, Mr. Rama Raman was given a positive signal by [...] Continue Reading »
Private equity (PE) firm ASK Group made a handsome profit in a Pune residential project, developed by realty player Darode Jog Properties. The Darode Jog Properties investment made in Livano was made over a phased manner between September 2010 and March 2011 and the amount of investment was 37 Crores. This deal was closed for [...] Continue Reading »
IIFL Alternate Asset Advisors Ltd, a part of the diversified financial services firm IIFL Holdings Ltd, is all set to repeat its success story of its maiden real estate fund of 2012. The company is busy raising a new real estate fund that will focus on investments in residential projects, similar to the maiden real estate [...] Continue Reading »
The real estate industry has been reeling under the pressure of high land costs, delay in approvals, and high rate of interest from the financial institutions etc. for the last few years. Now they want the government intervention to make housing segment viable for buyers. Ceebros Property Development Chairman C Subba Reddy mentioned that there [...] Continue Reading »
CIDCO which is currently run by the state was declared unsuccessful in the matter of collecting dues which cost a total of Rupees 237 crore. This starts from the Navi Mumbai Special Economic Zone which was developed by a consortium controlled by an industrialist named Mukhesh Ambani. They are all among the findings of the [...] Continue Reading »
