Realty News
This year, Indian Hotels Company will apparently be on a global expansion spree, with the launch of 12 new properties having been planned by the company. The company launched 7 properties in the last financial year. In connection with the planned expansion move in 2014, Indian Hotels said that the 12 new launches will enhance the [...] Continue Reading »
GMR Infrastructure consortium has won a second rail project — a rail line doubling project which comprises three construction packages in South Central Railway’s Secunderabad division. The project is worth Rs 389 crore; with GMR’s share of work being approximately Rs 207 crore. The scheduled timeline for the commencement of the rail-doubling project is mid-July [...] Continue Reading »
In a recent announcement, bigwig real estate firm DLF has revealed that it has become India’s first realty developer to receive the ISO 9001:2008 quality certification for development of housing and commercial projects. About the ISO certification, DLF – with a prominent presence across 24 cities in 15 states – said in a statement that [...] Continue Reading »
BJP’s election manifesto was loud and clear, ‘’housing for all’’ by 2022. The middle and higher income groups always somehow manage to buy a shelter above their head; however it is the lower strata of the society which lives in uninhabitable conditions in slum dwellings. The realty arm of the Mahindra Group, Mahindra Lifespaces, has [...] Continue Reading »
The South Delhi Municipal Corporation has recently sent a notice of sealing to the Pacific Mall located at Tagore Garden. This occurred mainly because of constructions which took place without governmental permission as well as violation of by-laws. The officials of the corporation have also mentioned that the piece of land which was given to [...] Continue Reading »
All those traders who went through hardships were glad to see work begin finally. However, since the rainy season is here, they do fear a mess might occur. Now that the Chandni Chowk development works have already started without any formal ceremony, there is a sense of joy noticed among all those in evolved in [...] Continue Reading »
The L&T Hyderabad Metro rail project is likely to suffer delays, escalation of costs, and change in terms of concession agreement; with Telangana Chief Minister K Chandrasekhar Rao having suggested that the alignment of the project should be tweaked in congested business hubs and at a busy road near the heritage structures. The officials from [...] Continue Reading »
This new budget from the new government will have quite a few demands from various ministries. The Road Transport and Highways Ministry has sought Rs.30,000-35,000 crore from the Finance Ministry as Budgetary support to implement various roadways projects. In 2013-2014 the Road Transport ministry had received Rs.22,890 crore as gross budgetary support (GBS). There are [...] Continue Reading »
In the next few months, India Inc. is hoping to see a surge in the jobs market especially in the sectors such as infrastructure, manufacturing and defence. It is expected that the new government is growth friendly and since the GDP is expected to grow, more jobs will be created in the market. However it [...] Continue Reading »
The reduction of land circle rates took place in the district of Faridabad. This was based on the registering of property. There are now huge possibilities that the real estate sector shall see some progress. The move has been understood as an effect of the rout of the current party who is in domination after [...] Continue Reading »
