Realty News
All the eyes of the Road Transport and Highways Ministry are set on the Narendra Modi led new government. The road transport officials have already been instructed to jot down the hurdles and come up with an action plan to revive these stopped projects worth Rs. 1.5 Lakh crores. National Highways Authority of India (NHAI) has [...] Continue Reading »
India will celebrate its 75th independence day in 2022 and Narendra Modi has a dream to fulfil for every Indian family by then. To fulfil this ambitious housing target by 2022, even before the Govt is formed and the portfolios are divided, the Modi team is busy to chart the urban and rural India initiatives. [...] Continue Reading »
The new trend of green homes which use solar energy and do rainwater harvesting has gained a momentum in the last few years. There are Indian High Net worth Individuals (HNI) who are socially conscious and are opting for these uber cool, expensive (9 % higher than the normal homes) and chic residences to reduce [...] Continue Reading »
The realty firm Housing Development and Infrastructure Ltd (HDIL) has announced that they will sell their stakes in the 100 acre land parcel which they own in Kukatpally in Hyderabad and some of their commercial projects in Mumbai in FY 15. The reasons stated behind the decision are as follows- Post the elections the market [...] Continue Reading »
There is good news for the real estate market as the banks and financial institutes are keen to lend for commercial and residential projects. Canara bank and Andhra bank and 4 other banks have formed a consortium to lend Rs 890 crore in bank finance to Mumbai based Lodha Builders for its residential project in [...] Continue Reading »
‘Ashraya,’ a premium residential project, has recently been launched at Thoraipakkam by leading Chennai-based developer BBCL, which is part of the Vummidi group. The location of the new project at Thoraipakkam is just off OMR, Chennai’s IT Corridor. The ‘Ashraya’ residential project will come up in the vicinity of the AKDR Golf Village. The project [...] Continue Reading »
A prospective special purpose vehicle (SPV) route is being explored by Bangalore-based real estate developer RMZ Corp to expand into other cities. For further expansion, RMZ has apparently set its eyes on Chennai. Moreover, the company is also apparently planning to venture into office space realty by expanding into Mumbai, NCR, and Hyderabad. In fact, [...] Continue Reading »
The BMC has efforts underway to demolish Campa Cola’s illegal floors in Mumbai; but a ward-wise survey has revealed that unauthorized additions have been made in 430 other buildings. The unauthorized additions in 430 buildings were identified by the BMC during a recent ward-wise survey which was primarily carried out with the objection of identifying [...] Continue Reading »
The traffic deadlocks on the Noida-Greater Noida expressway will soon be a thing of the past — thanks to the fact that a new four-lane link road along the periphery of the expressway is scheduled to open in June. The opening of the new 11.2-km link road in June will ensure a convenient ride for [...] Continue Reading »
In the opinion of the developers and builders in Pune, the weakening realty sector is apparently set for a much-needed turnaround, provided that the Narendra Modi-led new Government at the Centre announces some immediate policy moves. According to the Pune developers and builders, the most important expectations from the new Government are a lowering of [...] Continue Reading »
