Realty News
It has been 18 months since the GMR Infrastructures Limited had been terminated by the government of Maldives. Recently, it has come to our notice that a concession agreement which would be used to run the island was ruled in favour of the infrastructure development. This Thursday, it was announced by the GMR a couple [...] Continue Reading »
One of South India’s bigwig realty developers, Mantri Developers Pvt. Ltd, has recently announced the launch of its new luxurious residential project – called ‘Mantri Lithos’ – in Bangalore. One of the biggest attractions of the new Mantri Lithos residential project is its prominent location right at the centre of one of the Bangalore biggest [...] Continue Reading »
In an apparent attempt to encourage the participation of the private sector in construction of roads, a proposal has been revived by the government to facilitate the developers in selling off their stakes in road projects. According to the information shared by two unidentified officials of the Roads Ministry, the proposal revived by the government [...] Continue Reading »
There is a good news in the property market as Indian players are now going global. Indiabulls Real Estate Ltd. has paid £155 million (Rs 1,550 crore) for a commercial property in London’s Mayfair area next to the famous Hyde Park. Gagan Banga the managing director and chief executive of Indiabulls Housing Finance Ltd mentioned [...] Continue Reading »
An analysis done by Mint shows that the inflation in real estate which includes rent and sale price was the highest in the country in the last decade. Rental prices grew at a rate of 7.8% annually and most of the major cities in India were included while doing the analysis. However it seems that [...] Continue Reading »
The Chairman of home loan major HDFC Deepak Parekh mentioned that transparency and timely approvals from different authorities can reduce home prices by almost 20 %. Now that is truly a good news for the home buyers. And the Modi government had promised to reduce the red- tapism involved in the housing projects. Parekh also mentioned [...] Continue Reading »
There is some bad news for the realty firm Emaar-MGF as the Income Tax (IT) department believes that they have evaded tax in the last few years. The IT department officials checked some recent transaction statements of the firm during the operation which was conducted on Thursday. A team of Income tax officials began the [...] Continue Reading »
Bangalore is the IT (Information Technology) capital of India and it has progressed a lot in the last few years. It is a very good news that 25 companies from Karnataka figure in Dun & Bradstreet India’s ‘Top 500 Companies’ report. Dun & Bradstreet are a leading provider of international and Indian business information and [...] Continue Reading »
The Modi government wants to provide all the facilities to the infrastructure sector and they have allowed the infrastructure finance companies to issue secured debentures with a tenure of up to 30 years. This move is expected to help in raising long-term funds for the sector. Besides, infrastructure debt fund non-banking financial companies (ID-NBFCs) have [...] Continue Reading »
Connectivity in any city is crucial for the smooth functioning of the city and the central and state governments are taking measures to improve connectivity in the Indian cities. The Greater Noida Industrial Development Authority (GNIDA) has decided to speed up the project of two new bridges across the Hindon River, which will help boost [...] Continue Reading »
