Realty News
An estimated 350 million USD will be provided as loan assistance by the Asian Development Bank for the upliftment of Madhya Pradesh district roads. According to a statement provided by the Asian Development Bank, it has planned to offer 350 million USD in loan for assisting the upgrading of district roads in the state which [...] Continue Reading »
The real estate companies based around Bangalore namely Puravankara, Prestige and many other are planning to set foot in other cities such as Mumbai or Pune and rule over other southern cities as well, including Mangalore, Hyderabad or Chennai for further growth. Prestige undertakes about 85% of the major projects of Bangalore in expecting a [...] Continue Reading »
Urban Development Minister Venkaiah Naidu states his plans of wooing global investors for tapping opportunities in the urban sector of India that holds potential worth 140 billion dollars. This is in view of the upcoming Smart Cities that have been planned to be developed by the Centre in the coming years. At the inauguration of [...] Continue Reading »
Civil construction and real estate major Shapoorji Pallonji and Company Ltd is likely to get a major boost for the development of affordable housing project. The private investment arm of World Bank, International Finance Corporation (IFC) is likely to lend it $30 million for the task. Bigger Plan SPCL has big plans for the future. [...] Continue Reading »
According to the new eco-rating system launched by the Indian Green Building Council, it will be rating the schools on the basis of certain norms set by the council. Green buildings are becoming a popular trend and way of construction to be followed for most buildings these days. The Green Building rating decided by the [...] Continue Reading »
With regards to the multi agency enquiry in the Kolkotta based Saradha scam, an official investigation suggests that a minimum of 279 companies were floated to channelize the money of innocent investors. A majority of these companies were labelled ‘inoperational’, their sole purpose being multi-routing funds to hide the money trial. The 2,500 crores in [...] Continue Reading »
The price of sand, which is an important construction material is skyrocketing with an increase of 150% during the last four months. This alarming rise has been reported in the city of Visakhapatnam. Soon after the Andhra Pradesh state government announced its sand policy, there witnessed a sudden hike in price of sand. This is [...] Continue Reading »
The Maharashtra Government is planning to indulge into road projects of Rs. 200 crore but not including Toll plazas. They are even planning to close about 50 toll plazas in the next two months. The roads that can be constructed at price lesser than Rs. 200 crore can easily be dealt by the Public Works [...] Continue Reading »
The Delhi High Court finally brought up the PWD and DDA for not casing complaints regarding the using of a secondary route at the time of building three-lane flyover adjacent to the Rao Tula Ram flyover at RTR Marg. A panel of justices, including Sidhhart Mridul and Badar Durrez got annoyed due to not complaining [...] Continue Reading »
Ashok Vihar is a planned metropolitan area like Delhi, with schemed colonies and plot houses. There is no sign of development or construction by private developers in near future. This particular area is witnessing a hike in independent floor development on normal housing schemes. Local builders and brokers play a significant role in this along [...] Continue Reading »
