Realty News
The Bambolim-Dona Paula road four-laning project is not 50% ready which started on December 31 last year, and now has reached the halfway mark of the targeted completion date of 210 days. M P Velayudan, PWD executive engineer being incharge of the project alleged, work is progressing at a fast pace and that PWD is [...] Continue Reading »
Sony Corp is soon going to enter into real estate business in August. The company has plans to take the unit public in three years. The company recently set up a real-estate unit in Tokyo. It plans to generate annual sales of 50 billion yen ($488.4 million) in five years. The real-estate entry marks the [...] Continue Reading »
Greater Cochin Development Authority (GCDA) will discuss with public works department (PWD) to get the possession of Old Mattancherry Bridge. Earlier discussions with PWD did not result in any conclusion. GCDA plans to undertake the restoration work and then open it for public, if given possession. The bridge was built in 1940 and is one [...] Continue Reading »
A high-level meeting to discuss a fresh policy framework for building new airports in the country, has been called up by the Planning Commission, whose term expires after this election, till the next government comes into power even as civil aviation minister Ajit Singh has put on hold UPA’s last-gasp infrastructure drive to privatize six [...] Continue Reading »
In foreign destinations like Hong Kong, Nairobi and Mauritius, as part of asset monetisation to garner resources, Air India is considering selling off its properties. According to the airline officials, Indian banks and public sector undertakings have been approached by the national carrier for disposal of these properties including floorspace in prime locations. To help [...] Continue Reading »
Larsen and Toubro received the order from Qatar Railways Company for the design and construction of the Gold Line of the Doha metro project. L&T formed the JV with four other partners. Two partners are from Turkey and one each from Greece and Qatar form the JV. The total order awarded to the JV is [...] Continue Reading »
The government is looking to shield Mangarbani sacred grove from any real estate development in the guise of recreational activities. The area is likely to be marked as ‘no construction zone’. The state government is committed to drop contentious provision of more construction in natural conservation zones (NCZs) such as Aravalis as it is under [...] Continue Reading »
Development authorities in UP-NCR have proposed to the state government to provide all approvals to real estate developers in one place so that projects are delivered in time and it becomes easy for buyers to check their legal status. Currently, obtaining NOC from a lot of authorities has been delaying projects. The chairman of Ghaziabad [...] Continue Reading »
Dhananjay Chaturvedi, Managing Director explains that they have been tying up with key luxury real estate developers, expecting that the real estate sector will pick up after facing a slowdown. He believes that change in fortune of real estate sector will be beneficial for them too. The accumulated sales pipeline from the project development segment [...] Continue Reading »
India’s largest real estate developer DLF leased out three million sq ft of office space, more than half of it is in Gurgaon. The lease rentals has seen stable to healthy increases in various micro markets. A lot of tenants who are completing the 9-year-lease term in DLF CyberCity, Gurgaon, have chosen to renew their [...] Continue Reading »
