Realty News
Nearly 90 big billboards are coming up across Bangalore, questioning ‘Can India can raise the bar?’ or ‘Will India fly high?’, among other questions. These campaigns ask voters to turn out in large numbers at polling booths on April 17, when Karnataka votes. Ms. Tanya Singh Khosla, city-based graphic and brand designer, starts this campaign [...] Continue Reading »
The world famous hospitality player Starwood Hotels & Resorts is planning to launch its luxury brands St Regis and W Hotels in India to meet the demand of the Indian market. With the launch of this brand in India, Starwood will have eight out of its nine brands in India. Mr. Dilip Puri, managing director [...] Continue Reading »
The Municipal Corporation and locals are showing zero-tolerance to unauthorized buildings and chawls post the collapse of an illegal building at Shil Road in Mumbra. The last year incident was shocking. High rise towers used to come up frequently and the needy would occupy them as they were sold at the rate of a tenement [...] Continue Reading »
215 infrastructure projects worth seven lakh crores would be affected due to shortage of certified welding engineers, said PK Das, president of Indian Institute of Welding. He also added, as compared to 22,000 certified welding engineers in China, India is home to just around 600 qualified engineers or postgraduates in welding, recognizing the need for [...] Continue Reading »
Brakes have been put on mergers and acquisitions activity in the power and infrastructure space due to general elections. Earlier Infrastructure developers which were anxiously investigating for investors are now pushing negotiations waiting for elections as they suppose that a stable new government may increase their threadbare valuations. Conversely, the investors are going through deals [...] Continue Reading »
In association with banks, The NHB will come up with a rating for housing projects to help buyers make informed decisions. Mr. RV Verma, NHB Chairman and Managing Director, says that they require Reserve Banks approval to launch the NHB-IBA rating for real estate projects. They are hoping to launch the rating soon. But they [...] Continue Reading »
Recently RBI extended the deadline for the National Housing Bank (NHB) to raise funds through the external commercial borrowing (ECB) route, by six months. The central bank had allowed NHB and housing finance companies to collect funds up to$1 billion through this route to finance affordable housing loans up to Rs 25 lakh. Mr. RV [...] Continue Reading »
The SBI extends the last date of special home loan scheme. As per this scheme the women borrowers will get 0.05 percent discount. As per SBI the special rates were available till 31 March but the last date will be extended till the next notice. The scheme is extended because it got a great response [...] Continue Reading »
A senior bank official says that Axis Bank has launched a home loan scheme for the people whose per month income is less than Rs 10,000 per month. The bank is looking at disbursals of up to Rs 1,000 crore in a year’s time However these loans will have higher risk due to as the [...] Continue Reading »
Lucknow Development Authority (LDA) decided to develop a 45 kms long road through Gokul Vihar Welfare Society in Ahimamau village which will affect more than 50 families. Residents allege that LDA has changed the initial route against master plan 2021, in order to pass on benefits to several builders. Mr. Pawan Tiwari, a resident, says [...] Continue Reading »
