Realty News
It is expected that the job market will see a positive surge as IT, consultancy and e-commerce players speculate a boom in the economy which will trigger expansion plans for them. Hence there is a rat race going on amongst these players to lease and buy office space and they are expecting the stable government [...] Continue Reading »
The real estate industry was going through a bad time in the last few years as the economy was slow and the demand for the properties had gone down. All the investors were reeling under debt pressure and huge inventories of unsold ‘’ready to move in’’ dwellings. The real estate companies are now hoping that [...] Continue Reading »
Real estate firm Omaxe Ltd plans to raise Rs.300 crorein this fiscal of FY 2014- 2015 through selling part of its equity to fund the on-going as well as future projects. The company expects the property market to pick up momentum by the next quarter and has planned to launch seven projects in the July-September [...] Continue Reading »
The government is working towards finalising the rules for governing real estate investment trusts (REITs) which will allow the Private Equity investors to quit at a favourable time without much hassles. This move has inspired the foreign private equity funds and pension funds are among investors that over the last 12 months have committed to [...] Continue Reading »
Reliance Industries Ltd (RIL), Tata group and the Aditya Birla group—India’s three biggest conglomerates—have announced new investments or capital expenditure adding up to almost Rs.3 trillion over the next 3-4 years. The corporate spending had reduced during the economic slowdown in the last few years. Others, like the Adani Group and Larsen and Toubro Ltd [...] Continue Reading »
In the business world, the gurus will always emphasise on the need on diversification so that even if one business is not yielding profits, the other cash cow can run the show. Gujarat-based entrepreneur Girish Patel seems to walking on the same path. Patel the brain behind iconic brands such as Moov, Livon, and D’Cold after buying [...] Continue Reading »
The growth story has been very lukewarm in the once capital of British Raaj Kolkata. Very few new establishments were constructed and very few new companies had started their operations in Kolkata and West Bengal. However TMC (Trinamool Congress) leader and West Bengal C.M Mamata Banerjee has written to the Union health minister Harsh Vardhan, [...] Continue Reading »
Yamuna Expressway Industrial Development Authority (YEIDA) has been allotting apartments in three affordable residential complexes since January 2014. The three complexes together encompass an expansive land area of approximately 65 acres. According to the information shared by YEIDA officials, the three environment-friendly affordable housing complexes comprise a total of 8,220 ‘green’ apartments, the possession of [...] Continue Reading »
In an evident attempt to ease traffic gridlock caused because of lack of sufficient parking areas in the vicinity of the Taj Mahal, the Agra district administration is planning the construction of three parking lots in the Taj surrounding area. A proposal for the three new parking lots in the Taj vicinity will be prepared [...] Continue Reading »
Action against illegal constructions in Nagpur has been started again by the Nagpur Municipal Corporation (NMC) after a long gap. With unauthorized constructions to be razed in the city, NMC team from Lakadganj zone will demolish eight commercial shops which have been built illegally in basement parking. The eight shops to be demolished have been [...] Continue Reading »
