Realty News
The residents of the National Media Centre had approached NGT asking it to stop the construction, alleging that DLF and HUDA were encroaching on the green belt that actually belonged to them. In a recent hearing, NGT bench headed by Jyothimani pointed out that that the road widening project does not affect the residents of [...] Continue Reading »
The National Highway Authority of India (NHAI) is under criticism for ignoring planting of trees to compensate for the chopped ones for road widening. NHAI gave Nagpur Municipal Corporation (NMC) three options for four-laning between Mankapur Square and Mental Hospital Square on Koradi Road. In view of the poor track record of NHIA in planting [...] Continue Reading »
Gammon India’s board is going to discuss the restructuring plans at the upcoming meet. The company informed that the boards of directors will focus on different options of restructuring of the Gammon Group at an upcoming meeting. The moves were approved by the CDR cell in June last year. The civil contractor got Rs 13,500 [...] Continue Reading »
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »
The orders are given by an Inter-Ministerial Group (IMG) which analyzed the mega projects in the steel sector with an objective to fast-tracking them. Center has asked major steel PSUs to established stockyards in rural areas to encourage per capital steel consumption. IMG says that the Visakhapatnam Steel Plant’s (VSP) Hyderabad stockyard is established at [...] Continue Reading »
As per BSE data, the fund has sold 34, 64,000 equity shares for Rs 325 each which aggregates to an amount of Rs 112.59 crore. The fund had 61, 92,100 shares which is 9.96 percent the total shares in the home finance company by the end of December 2013. At the same time Jupiter PAF [...] Continue Reading »
GMR Energy filed draft red-herring prospectus (DRHP) with SEBI to raise about Rs 1,450 crore by tapping primary markets.GMR Infrastructure has interests in airports, power, roads and EPC businesses. Mr. Madhu Terdal, group CFO of GMR Infra, says that the company has filed the prospectus as a security step and the SEBI approvals are likely [...] Continue Reading »
India Realty Excellence Fund II LLP, Motilal Oswal’s second real estate private equity fund, has made a fresh investment of 60 crore in housing project of Mumbai-based developer Ahuja Group’s. The company has raised this fund for deployment in its Ambernath project, in Mumbai’s central suburb, spread across 2.5 million square feet. The management of [...] Continue Reading »
A report by Knight Frank says that due to the economic slowdown, the interest rates are increased, because of which the demand of residential property decreased. In the 3rd quarter of 2013-14 the sales of residential property decreased by 43 per cent to 11.8 million sq ft from 21.9 million sq. ft. The annual increase [...] Continue Reading »
Mr. Ramesh Saxena who is 29 year old IT professional has booked a flat in Noida Extension in 2009. He was promised he would get the possession in 3 years but his house is nowhere to be completed, therefore he is paying Rs 20,000 a month as rent in Vaishali. Mr. Saxena says that he [...] Continue Reading »
