Realty News
Real estate and apartment management portal CommonFloor.com has launched an Android app for its apartment management service, CommonFloor Groups. CommonFloor Groups is a great way to connect neighbours in an apartment complex. It’s India’s largest apartment management tool, currently being used by ten lakh residents across one lakh gated communities in India. One can use [...] Continue Reading »
After Housing and Urban Development Minister M Venkaiah Nadu spoke about cutting down on interest rates for home loans, it wasn’t just news; it was a flavour of things to come for the Indian realty sector. With property sales on the rise, projects being completed in a hurry, and availability of cheap sources of funding, [...] Continue Reading »
Adani Group seems like it’s launching projects in a hurry, with talk of so many projects in the pipeline, just waiting to be launched. On the day of the election results, after Modi came out victorious, Adani Group announced their Rs 4,400-crore acquisition of the Dhamra port. Only a week after this announcement, Adani Realty, [...] Continue Reading »
The Colliers International report crunched out some extremely valuable numbers, while providing great insights on the residential property market. India grew at 4.7% in the 4th quarter, 2013 in comparison to 4.8% recorded in the previous quarter. The business confidence levels (BCI), however, rose from 45.7 in the previous quarter to 54.9 during the 4th [...] Continue Reading »
The quarter which ended on 31 March, 2014 brought good news to the investors and leadership of the country’s largest realty firm DLF. On Thursday they declared their quarter results which show a consolidated net profit of Rs. 219.68 crore. A year ago in the same quarter they had reported a net loss of Rs [...] Continue Reading »
The new minister of state for road transport & highways and shipping Krishan Pal after taking charge is all set to bring about a change in the transport sector. During the ten years of UPA regime many highway projects were stalled and reviving and expediting those projects and building a sound infrastructure for the nation will [...] Continue Reading »
There is some good news for the chief of the Sahara India group Subrata Roy who was arrested a few weeks ago in Lucknow. The Supreme Court (SC) bench comprising of Justices T.S. Thakur and A.K. Sikri on Thursday allowed the Sahara Group to initiate the sale process of its shares in three hotels, one in [...] Continue Reading »
Many private equity (PE) funds like CX Partners, Multiples Alternate Asset Management, IVFA, Everstone and Exponentia Capital are trying to raise at least $3 billion (Rs. 17,700 crore) in the next 12 months. In interviews with media the spokespersons of these companies stated that post the formation of the new government the market sentiments have changed. [...] Continue Reading »
Six years ago, there was a plan to transfer the nearly 20-acre land lying vacant behind Jaya Prakash Narayan Apex Trauma Centre to AIIMS which will help in expanding its bed capacity from 2,000 to 4,100. However this proposal was not a top priority for the UPA government and hence was not implemented. Venkaiah Naidu [...] Continue Reading »
The government has finally decided to take up the matter of illegal constructions in the village of Chhatarpur. This issue was reported on Wednesday by the Centre and the Delhi government itself who were pleaded to by a particular group. This group wanted the illegal construction to be completely removed on governmental land. Notices were [...] Continue Reading »
