Realty News
M H Ambareesh, the Housing Minister had once mentioned on Tuesday that the State Government will now focus on the modalities of the Affordable Housing Scheme. This is where the developers will be given the opportunity to earmark at least 25% of the houses to all income groups who tend to be lower at rates [...] Continue Reading »
Even though there are 60% of the international retailers currently staying in India, the growth has been significantly deterred because of the lack of good managing skills at malls and high rentals. An analysis was made by the multinational real estate firm on more than 300 international retailers in order to understand the operating trends, [...] Continue Reading »
India has gown down to the 7th position in the FDI confidence index only within a decade. It is surprising to see India in such a state because according to a study, it had been topped by the USA that too second year in a row. According to a survey of 300 global executives conducted [...] Continue Reading »
Those companies and private developers who refuse to pay minimum wages to their workers will face cancellation of licenses. After seeing large number of breaches of the minimum wages order, the government of Delhi has come to a conclusion all companies will pay their workers through cheque or electronic cash transfer. The labour joint companies [...] Continue Reading »
The capacity of Indian companies to service borrowings has majorly improved despite knowing that the debt burdens have increased significantly in fiscal 2014. This has been understood with the help of an analysis based on most Indian companies who are in debt currently. Since there are hopes that economic growth will pick up its speed [...] Continue Reading »
On Tuesday NaMo’s mega-dream project, Gujarat International Finance Tec-City (GIFT City) announced that they have been able to raise the complete fund for the phase 1 infrastructure development project. Ramakant Jha, the Managing Director and Group CEO, GIFT City Company Ltd mentioned that the estimated cost of the core infrastructure development in Phase I is [...] Continue Reading »
A good news for the realty market as Kone Corporation, the world’s second largest elevator manufacturer is setting up a new facility adjacent to its existing Chennai unit exclusively for elevators. They are confident about the growth prospects for the domestic residential housing sector and believe that the real estate industry friendly new NaMo government [...] Continue Reading »
The prominent cities and towns along the Ganges will get a new lease of life. The ministry of urban development is focusing on the renewal scheme and is busy preparing a blueprint for the same. UPA’s Jawaharlal Nehru Urban Renewal Mission (JNNURM) will be over written by this new scheme. Rs 1.75 lakh crore is expected [...] Continue Reading »
Confederation of Real Estate Developers‘ Associations of India (CREDAI) is demanding a pro-growth outlook in the policy rates. RBI (The Reserve Bank of India) today announced that the amount of deposits that banks are required to park in government securities will be reduced and unlocked about Rs 40,000 crore of funds. However since the key rates remain [...] Continue Reading »
The slump in the real estate sector in the last few years had hit the property developers very badly and now they are taking measures to raise funds by selling bonds backed by rental income from shopping malls and offices they own to institutional and high net-worth investors. These funds are raised by many developers [...] Continue Reading »
