Realty News
Recent order by the Allahabad High Court for the demolition of unauthorized construction in Noida could prove to be a tip of the iceberg as rampant illegal construction is being carried out in other Sectors too as claimed by the farmers’ body of the region. They said unauthorised structures have been raised by several builders [...] Continue Reading »
NCC is looking to reduce its debt and is negotiating with potential buyers to sell two highway assets. Squared Capital, IDFC and Acropolis Capital are in the race for the two assets. The assets are Meerut-Muzaffarnagar highway and the Bengaluru-elevated expressway. NCC is expecting to obtain a combined enterprise value of aroundRs 2,000 crore from [...] Continue Reading »
Nearly 90% of the investments in large projects, which were held up and have now been cleared, have materialized, suggests the initial numbers flowing into the cabinet secretariat. An analysis by the Project Monitoring Group (PMG) housed in the cabinet secretariat of the 113 projects cleared shows that Rs 3.3 lakh crore has already been [...] Continue Reading »
In Q1 2013, a net absorption of 189,600 sq ft was recorded in Ahmedabad, whereas in Q1 2014, the city posted 607,500 sq ft absorption. The figures are quoted from a study by Cushman & Wakefield. The absorption was concentrated in of Gandhinagar (66 per cent), Prahladnagar (25 per cent) and Sarkhej-Gandhinagar Highway (10 per [...] Continue Reading »
Mutual funds (MFs) that invest in stocks of infrastructure companies are now performing well in the short term. The funds have gained 10% and 17.8% in the one-month and the three-month timeframe respectively. Shares of capital goods and power companies are gaining on the stock exchanges are gaining on hopes that an economic recovery would [...] Continue Reading »
Jarvinia is looking for partners for Hishtil, an Israel-based global nursery corporation, for operations in India. Hishtil is known for production and sale of vegetables, herbs, seedlings and young plants for the professional and hobby markets. CA Rashmi Parekh, director, Jarvinia Project Management Pvt Ltd Informs that they are working with Hishtil to find out [...] Continue Reading »
The Delhi Metro Rail Corporation Ltd (DMRC) has awarded the Hindustan Construction Company (HCC) Ltd, a Rs 300 crore contract. This is the third time that the company has received contract from DMRC for the underground metro since October 2012 under the phase III development of Delhi Metro. The contract is primarily for the design [...] Continue Reading »
A new analysis of 12 global cities based on a range of indicators has ranked Mumbai with Moscow and Rio de Janeiro where residential real estate investment yields lowest returns and has named London and New York as the top international cities. ’12 Cities’, a report by Savills, a London-based realty major, categorize cities on [...] Continue Reading »
For the year 2013-14, Gruh Finance Ltd, a housing finance arm of HDFC registered a 21 per cent jump in the net profit. For the year 2013-14, Gruh Finance Ltd, a housing finance arm of HDFC registered a 21 per cent jump in the net profit. In 2013-14 the company’s profit after tax increased from [...] Continue Reading »
The Dutch pension fund now holds around 13% stake in mid-market hotel chain Lemon Tree. This deal has pegged the valuation of the hotel at approximately Rs 3,000 crore. With the help of this capital infusion LemonTree aims to have close to 8000 owned and managed rooms by 2017. Earlier the hotel company signed a [...] Continue Reading »
