Realty News
In a filing to BSE the company declared that they have won a contract to design and construct infrastructure facilities of Zliten city (Libya). The project will involve design and construction of the storm and sewer network, water network, telecommunication and power distribution network, natural gas network, street lighting and road works including landscaping of [...] Continue Reading »
A new patron has been found by the city’s startup community in none other than institutional investment firm Xander Group. An incubation centre for entrepreneurs is been created at the upcoming mall in Whitefield, Bangalore by Virtuous Retail, a mall developer-cum-operator backed by Xander with a committed equity of $600 million, a first among mall [...] Continue Reading »
SBI capital bought the space worth more than Rs. 70 crore from Marathon Realty through a tender process that concluded last week. This office space is for shifting the operations of SBI Cap’s broking subsidiary SBI Cap Securities Ltd (SSL) from its present location and some activities of the investment bank’s operations. The investment bank [...] Continue Reading »
An FDI asset management firm, US-based Brahma Management concentrated on domestic real estate, mentioned that after elections it is expected that prices of commercial realty will rise by 20-25 per cent. About 2,500 crore have been invested by a company in 3 upcoming projects, stated that the foreign investors were waiting for policy clarity and [...] Continue Reading »
Latest housing scheme by the Delhi Development Authority (DDA)’s with about 3,000 flats on offer will be postponed by at least six months due to the unfinished construction of flats as well as ongoing elections. The housing scheme was announced after a hault of four years and was likely to roll out last month. For [...] Continue Reading »
Banks must effect any change in floating rate loans only at the agreed-upon reset date, RBI suggested. This aims at ushering in transparent and appropriate pricing of credit, according to an RBI working group. It was suggested by the group that floating rate loan agreements can have interest rates reset monthly, quarterly, half-yearly, etc. This [...] Continue Reading »
A major real estate portal in India, Commonfloor.com, has launched a new version of its Apartment Management offering – Common Floor Groups, which will replace the earlier version CommonFloor Apartment Communities. The new version is going to offer better communication, management and coordination amongst residents, owners (residents or non-residential landlords) and RWAs (Resident Welfare Associations). [...] Continue Reading »
While the benchmark Sensex — which has hit several all-time highs — has risen just 3.6 per cent, in the past month, the BSE realty index rose around 12 per cent. In the last one month, the realty stocks have been rising on the hope of revival of the economy. HDIL rose around 53 per [...] Continue Reading »
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
ACME, a green technology firm, has got a contract for constructing the national games village in Kerala. Housing units in the games village using prefab technology would be constructed by the company, under the contract. The company won the bid at Rs. 36.57 crores and would construct the ‘Games Village’ at XXXV National Games Kerala. [...] Continue Reading »
