Realty News
The newly sworn in Government’s main agenda is to improve the infrastructure of the nation and in order to achieve that they have started taking steps to remove the obstacles to investments in large projects across states. To start with they have chosen four stalled national highway projects in Rajasthan and five in Madhya Pradesh and [...] Continue Reading »
Bangalore’s bigwig IT hub, Whitefield, is apparently on the verge of a sea change, as the second phase of the Metro project extends the Metro rail line right up to the area in which the IT hub is located. Whitefield is one of Karnataka’s fastest-growing tech hubs and industrial areas. The IT hub has more [...] Continue Reading »
According to the Securities and Exchange Board of India (Sebi), Puravankara Projects commercial real estate scheme does not fall under the collective investment scheme (CIS) category because the scheme did not involve any offer for pooling of funds for assured returns. Sebi’s viewpoint on the commercial real estate scheme floated by Puravankara Projects comes in [...] Continue Reading »
Indian and international luxury hotel chains are apparently open to management deals to avoid getting into a debt trap. Highlighting the hospitality majors’ apparent preference for a contract route to limit debt exposure, Raymond Bickson – Managing Director of Indian Hotels Company – said that his company is ready to take over the management of [...] Continue Reading »
In a recent statement, The Lemon Tree Hotels Company has said that it presently does not have any plans to foray into the luxury arena. The company asserted that it intends making efforts to establish itself as one of the strong players in the ‘value for money’ space. About the plans of The Lemon Tree [...] Continue Reading »
The property developer Vijay Shanthi Builders Ltd has now decided to raise Rupees 65 crore through Non-Convertible Debuntures from the IDFC real estate fund. The ability to raise funds has been crippled because of the sluggish growth in the economy. Companies which have faced this dilemma are the banks, the financial institutions which have been [...] Continue Reading »
According to Kumar Mangalam Birla (head of the Aditya Birla Group), the current budget is going to change situations positively within the next 3 to 6 months as the infrastructure sector is going to be boosted significantly. This was declared after Birla concluded his 45 minute meeting with Arun Jaitley (Finance Minister). Birla happens to [...] Continue Reading »
M Venkaiah Naidu who happens to be the Union Minister for Housing and Urban Property Al levitation has declared that the biggest priority of his ministry would be to establish 100 cities in the country which are smart and safe. The other priority would be housing which will be accomplished by the year 2020. Public [...] Continue Reading »
ASSOCHAM (The Associated Chambers of Commerce and Industry of India) has presented its demands before the introduction of the first Union budget under Narendra Modi-led government. They want an early roll out of GST (Goods and Services Tax), revival of SEZ (Special economic zones) a stable tax regime, slashing of tax rates and tax incentives [...] Continue Reading »
The slump of the real estate sector affected the real estate and infrastructure company Unitech very badly. The company made the balance sheet available to the public which shows a consolidated net loss of Rs 51.5 crore for the fourth quarter which ended on March 31, 2014 against a consolidated net profit of Rs 30 [...] Continue Reading »
