Realty News
The good thing is that NaMo government manifesto and actions are well co-ordinated. They had promised ‘’housing for all by 2020’’ and now they are looking to set up a credit guarantee fund that will help bring down interest on home loans for small borrowings, a move aimed at giving a big push to low-cost [...] Continue Reading »
P.M Narendra Modi has a complete corporate approach. He first assesses the issues in a project, then assigns the task to the ministry concerned, sets up a time line and then follows up with the team regarding issues and bottlenecks and helps them to resolve them. In the same framework Modi met the Secretaries from [...] Continue Reading »
The Narendra Modi government is emphasising on creating 100 smart cities in India and Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) is hopeful that its demand of Rs 7,500 crore for three smart city projects will be approved by the infrastructure project friendly NaMo Government. The DMIC Trust will meet on Wednesday and will discuss the demand [...] Continue Reading »
The telecom sector has been reeling under the pressure of the poor profit margins and the state run Bharat Sanchar Nigam Limited (BSNL) has been incurring losses in the last few financial years. Hence in order to raise funds, BSNL has decided to lease parts of its land holdings and will also offer its telecom [...] Continue Reading »
Parsvnath Developer’s chairman Pradeep Jain has got a strategy to raise funds for his company by either selling the land parcels of Rs 1,000 crore in South and West India or form joint ventures with local builders for development. They are looking for bidders for the land parcels they own in southern and western part [...] Continue Reading »
The Narendra Modi government is all set to change the face of the nation by improving the infrastructure, roadways and transportation. They first want to clear the backlog of stalled projects within the next 2 years and then start building new roads at a rate of 30 kilometres per day. Right now the average construction [...] Continue Reading »
There is a good surge in demand for commercial and residential properties in Chennai. This is clearly evident with the decision taken by Blackstone Group Lp to invest Rs 175 crore in a housing project in Chennai after making several investments in rent-yielding commercial assets earlier. Bangalore-based Ozone Group is developing the mixed-use (Residential, Commercial [...] Continue Reading »
The construction work on new bridge, in place of a partially collapsed bridge, on the Muktsar-Malout highway has not been started by the concerned authorities so far, even though the bridge collapsed three months back. The bridge in question is the one on the Abohar branch minor at Mehrajwala village on the Muktsar-Malout highway. It [...] Continue Reading »
The Comptroller & Auditor General of India (CAG) has raised questions about the legal sanctity of land documents on the basis of which corporate houses setting up steel, aluminium, cement and power projects in Odisha have drawn bank loans to the tune of approximately Rs 52,424 crore. The CAG’s questions with regard to the legality [...] Continue Reading »
With Bangalore having emerged as the biggest Indian market – in terms of room inventory – for US-based Starwood Hotels and Resorts, the city has been propelled to the top spot by the bigwig hospitality chain. Out of Starwood’s overall room inventory of 9,000 rooms in India, Bangalore – which is deemed India’s IT capital – [...] Continue Reading »
