Realty News
Private equity (PE) investors are looking at India with different hopes. They feel that the emerging economy has the potential of providing them with good return on investment of their investments. A PricewaterhouseCoopers (PwC) India report estimated that India has the potential to get PE funding of $40 billion (over Rs.2.36 lakh crore) by 2025. It [...] Continue Reading »
The lenders of the Pink City Expressway are worried as they fear that their project will be soon turning into a non-performing asset (NPA). The Highway Ministry joining hands with the National Highways Authority of India (NHAI) has ordered the banks to replace the developer; else they will cancel the Gurgaon-Jaipur highway project. Close to [...] Continue Reading »
The Noida Development Authority will not be issuing completion certificates for nearly 30,000 apartments built near the Okhla Bird Sanctuary. On Tuesday Supreme Court (SC) declined to interfere with a National Green Tribunal (NGT) order restraining the Noida Development Authority to issue completion certificates. This has shattered the hopes of thousands of home buyers in NOIDA [...] Continue Reading »
Rajan Raheja who happens to be an industrialist, along with his cousin Gopal Narang are the partners of a construction firm named Winsdor Realty. Recently it has come to our notice that they are looking forward to divide their assets and go their own way. The Rahejas have described the proposal of the Narang group [...] Continue Reading »
Located on the outskirts of Chandigarh, the Mullanpur area is being established as the New Chandigarh. This one will have several important features such as “green necklace”. It includes nature trails, bicycle paths and water bodies to make sure that this city finds a place in one of the top planned cities all over the [...] Continue Reading »
The National Democratic Alliance or the NDA might have shown its preference towards the private public partnership mode for the sector of infrastructure, but the highway sector seems to be telling something entirely different. The ministry of road transport and highways would like to see the share of private public partnership mode to be brought [...] Continue Reading »
Recently, it has come to our notice that around 26% of the total toll plazas that belong to Maharashtra are about to be shut down soon. All of them are small projects and they have a range which goes up to quite a lot of money. In order to take over the toll plazas, the [...] Continue Reading »
According to recent new, Kumar Mangalam Birla who happens to own Ultra Tech Cement Ltd is now making conversation to buy cement assets from the Jaiprakash Associates. There are discussions being held currently between the two companies about projects. This also consists of Jaiprakash Rewa’s cement making complex. The annual capacity of Rewa is around [...] Continue Reading »
The Prime Minister of India, Mister Narendra Modi has decided to lay the foundation stone for the new Mandovi Bridge on this Saturday. He will be also inaugurating the Indian Navy’s new facility at around 2:45 pm on the same day. Once he is through with that, he will be coming over to Panaji in [...] Continue Reading »
The administration of the new government is very much interested to see projects which have been faced with hurdles, will in reality take off at the lowest level so that all the activities of the economy are boosted and more job opportunities have been provided. A senior government official who did not want his identity [...] Continue Reading »
