Realty News
After the swearing in of the Modi cabinet, there is a positive wave in the real estate sector. Following that trend Edelweiss Financial Services Ltd has set up a new real estate business to offer advisory and investment banking services. Ramashrya Yadav, a former joint chief executive officer (CEO) of Mumbai-based real estate firm Orbit Corp. Ltd, has [...] Continue Reading »
Due to the slowdown, there was a lukewarm response in the public-private partnership (PPP) projects in the highway sector.The conventional EPC model (Engineering, procurement and construction) of road construction was not yielding the desired results;hence the government had to spend almost double the sum on highway construction in the two years to end by FY14. [...] Continue Reading »
The BJP government manifesto stated loud and clear about the dream for housing for all by India’s 75th Independence Day. The first budget to be presented by the Finance Minister ArunJaitley’s team is expected to have incentives to the real estate sector as well as a vision for affordable housing. On Monday’s Presidential address to the [...] Continue Reading »
There is some bad news for the developers in NOIDA as a National Green Tribunal(NGT) order is not allowing NOIDA Authority to handover completion certificates to projects within a 10-kilometre radius of the Okhla bird sanctuary. There are more than 30,000 completed homes lying in the inventory of the builders and they have lost Rs [...] Continue Reading »
According to the data from the Department of Industrial Policy and Promotion, Foreign direct investment (FDI) in the services sector declined by about 54 % year-on-year to $2.22 billion in the last fiscal. The services sector which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $4.83 billion during 2012-13. As [...] Continue Reading »
With the swearing in of the Modi government, real estate is seeing an upward trend. Following that trend a top official of Piramal Enterprises Ltd (Founded by billionaire Ajay Piramal) mentioned that they are looking for some investment opportunities in infrastructure and expect to finalize some deals in the next four months. They are focussing [...] Continue Reading »
According to a top official, the minimum requirements for energy efficient design and construction set by the central government will be mandatory for all the state governments to be implemented by 2017. This is done to meet the challenges of depleting resources, increased urbanisation and rapid construction. The Bureau of Energy Efficiency (BEE) of the [...] Continue Reading »
DSK Dream City, a township project under the Maharashtra Special Township Act at Loni on the Pune-Solapur highway was launched by Pune-based real-estate developer D S Kulkarni Developers Ltd (DSK Developers). 12,000 residential units in seven phases will be constructed in eight years and Rs 8,000-crore will be used for the entire project. 256 acres out [...] Continue Reading »
Most of the middle class people save all their lives to invest in their dream home. For most it is the utmost security. With rising economy and availability of jobs in MNCs, the salaries have seen an upward trend in the last decade. With the emergence of IT and ITES in India, double income families [...] Continue Reading »
China is now making plans in order to invest one billion dollars on the state of Gujarat this year. In the first place, they have decided to work towards establishing a China Town next to Sanand which happens to be an automobile hub. As a response to the Indian External Affairs Minister Sushma Swaraj who [...] Continue Reading »
