Realty News
As per a report from CBRE (CBRE is the world’s premier, full-service real estate services company) South Asia about $800 million, or almost Rs 4,800 crore, was invested into India’s real estate sector through the private equity (PE) investments in the quarter ending March 2014. For the last few years the real estate market is [...] Continue Reading »
The Rayala Group has sold its five-star hotel in Chennai – ‘Reseda-The Fern’ – to Colombo-based hotel chain Aitken Spence Hotels for approximately Rs 150 crore ($25 million). Hinting at the purchase of ‘Reseda-The Fern’ five-star hotel in Chennai, Aitken Spence Hotels – which operates hotel chains in countries like India, Sri Lanka, Maldives, and [...] Continue Reading »
The bad days for debt laden Sahara group are not coming to an end. The Provident Fund office has ordered an investigation to check if Sahara India and its group of companies’ are paying the statutory retirement savings of its claimed 10.13 lakh employees as per the law. The Employees’ Provident Fund Organisation (EPFO) headquarters [...] Continue Reading »
The private investors like Reliance Jio, Fortis and ITC have shown interest in investing Rs 60,000 crore in Uttar Pradesh in areas ranging from agriculture to telecommunications. The state Chief Minister Akhilesh Yadav while addressing the Investor Conclave mentioned that his ministry will extend help and co-operation in conception and execution of the projects using [...] Continue Reading »
Overseas direct investment by Indian companies stood at $ 1.59 billion in May 2014, down 39.3 % from a year ago. The RBI data on ‘Outward FDI from India’ mentioned some figures about these investments. The overseas foreign direct investment (FDI) by companies was at $ 2.62 billion in May 2013. The Indian companies had made [...] Continue Reading »
BJP’s election manifesto had stated ‘’home for all by 2022’’ and they have sprung into action shortly after taking the charge of the new government. The Centre has decided to give Rs 12,000 per household to the poor for working on building their homes. A senior government official stated that this is over and above [...] Continue Reading »
In several large economies like the UK, UK and Europe, the overvalued real estate markets had brought down the market and created the recession. This financial crisis had rocked the world economy and slowed down the growth in industries and affected the GDP negatively. A senior official at the International Monetary Fund (IMF) has now warned that [...] Continue Reading »
Andhra Pradesh (A.P) Chief Minister N Chandrababu Naidu declared the new state capital in an area the vicinity of the Nagarujuna University campus along the six lane Vijaywada-Guntur Expressway. The property market did not take time to smell the future prospects and the property prices in this area have skyrocketed. In the last one month [...] Continue Reading »
According to the National Housing Bank, important cities such as Delhi and Mumbai have experienced a price rise of about 7.1%. This has occurred within the months of January to March 2014. The reason for this is the surge in demand. Seeing the recent updates of the NHB Residex, one can see price rise in [...] Continue Reading »
In an important study conducted by the International Monetary Fund, it has been understood that the prices of houses in India are falling rapidly. Out of almost 52 countries, India is one of those countries that has witnessed the sharpest decline. It is surprising to see such a situation since the rest of the world [...] Continue Reading »
