Realty News
On the lines of the style of leadership in Gujarat, Prime Minister-designate Narendra Modi is likely to minimize the number of ministries through mega mergers. The expected move to reorganize major economic ministries will essentially ensure greater synergy. The mega merger of ministries will also result in a situation where policy-making procedures and requirements are [...] Continue Reading »
ICICI Bank has implemented a reduction in interest rates on home loans by 10 basis points – to 10.15 percent – for borrowers who draw loans for an amount up to Rs 75 lakh. The new reduced interest rate on home loans brings ICICI Bank at par with India’s biggest lender, the State Bank of [...] Continue Reading »
Chennai Airport sources have revealed that the privatisation of the airport has been postponed till the new government – to be led by Narendra Modi – assumes office at the Centre. It was earlier being expected that the privatisation of the Chennai airport will likely be finalized in April; but the move was deferred by [...] Continue Reading »
In a recent press release, hospitality bigwig InterContinental Hotels Group (IHG) has announced that it has teamed up with Kolkata-based Jain Group for developing a Holiday Inn in Durgapur. The Holiday Inn for which IHG has partnered with Jain Group will mark the foray of the Holiday Inn brand in the industrial town of Durgapur. [...] Continue Reading »
The Tata Group’s upscale hotel chain Gateway Hotels has revealed in a recent announcement that three new launches have been planned by the company for the September and October — a period when the Indian hospitality sector is abuzz with activity. The locations for the three formal openings planned by Gateway Hotels include Pune, Raipur, [...] Continue Reading »
Approximately 550 acres of land has been acquired by Mahindra Lifespace Developers Ltd in north Chennai. At the recently acquired 550-acre land, the company – which is the Mahindra Group’s realty division – will reportedly set up its second integrated business city in the state-Mahindra World City. Mahindra Lifespace is likely to commence work on Phase [...] Continue Reading »
In the past, buying or selling a post apartment in Varanasi outskirts was a farfetched dream, forget convincing anyone to buy or sell. The ancient temple town had people who were not interested in the outskirts or moving far away from the center. They were willing to dodge the ways of traffic, snail paced and [...] Continue Reading »
Meenakshi Shelters India Pvt Ltd, run and owned by a 33 year old woman was clamped down upon by legal authorities. The crime of the woman realtor was that she sold property which she claimed was free of liens and ownership when it was not, to others using forged documents. When people got to know [...] Continue Reading »
The National Highway Authority of India (NHAI) has stopped the construction of a building at Pimpalgaon and granted no permit to Sohanlal Bhandari for the same, when allegations on construction purpose and making it from a residential to a commercial one was done without notifications. It is said that the conditions for the same to [...] Continue Reading »
The incoming government has not yet set foot into the parliament, and the Modi rule has already made plans to gift Uttar Pradesh the best, 60 flyovers for KASHI. According to sources from the government outback, Team Modi has spread its wings far an wide across the bureaucracy and has proposed their ideas on development [...] Continue Reading »
