Realty News
Three of the five dissenting villages have raised no objection to the compensation being offered by the government in return for acquiring their land. But, there are riders. The impasse over land acquisition for the Navi Mumbai International Airport (NMIA) may be close to getting resolved. 35% of developed land along with a cash component [...] Continue Reading »
After the company emerged as the highest bidder for Tata Steel’s 25-acre land parcel in Borivali, Mumbai, The scrip of Mumbai-based realty major Oberoi Realty zoomed by 11.4 per cent or 23 points to trade at Rs 221 a share in intra-day trade. After the conclusion of an e-auction on Monday, according to a statement [...] Continue Reading »
Although real estate majors claim that the polls this year have aggravated the slowdown. Businesses ranging from print media to SUV-makers do brisk business if elections are around the corner. Large listed developers such as Mahindra Life space said as property sales turn sluggish in the election months, they were putting new projects on hold [...] Continue Reading »
The real estate arm of Godrej Group, Godrej Properties has formed a partnership with SSPDL Green Acres LLP to build up a residential project at Padur on OMR (Old Mahabalipuram Road) on the periphery of Chennai. The proposed project will be near Siruseri IT Park and will be spread over seven acres and 93,000 square [...] Continue Reading »
As per the RBI the consumers are allowed to pre-pay floating rate term loans without any fine. The RBI concluded that bank should not take undue advantage of customer difficulty. Instead of charging for non-maintenance of minimum balance in ordinary savings bank accounts the bank should limit the services available on such accounts to those [...] Continue Reading »
Due to Urbanization and migration of peoples towards cities, the government has to consider about urban mass rapid transit systems which are also known as metro railways to reclaim much of the lost ground in urban planning. At least 10 metro projects are at the different phases of planning and implementation. These projects would need [...] Continue Reading »
The Gammon Infrastructure and NHIA have stopped the concession pacts for two road projects because of the lack of land clearances. The 2 projects allotted to Gammon in 2012, consists of the Yamuna agar Panchkula project in Haryana and the Birmitrapur Barkote project in Orissa. Gammon Infrastructure informed that the terminations were done by the [...] Continue Reading »
As per the reference to the news appearing in the sources titled as Sun Pharma to buy Stan Chart’s Mumbai Tower for Rs. 280 crore. A clarification has come up by the Sun Pharmaceutical Industries that they have get into a initial understanding with Standard Chartered Bank for buying of the property referred into the [...] Continue Reading »
The realty developers in city have postponed the launching of new projects as the consumers are expand with upcoming polls in the state and are waiting for the development of new government. Mr. Sanjay Kumar Jha, secretary of Real Estate Developers Association of Odisha, says that developers are not taking risk of launching new projects. [...] Continue Reading »
It could end up embarrassing the congress party that the company in which Congress President Sonia Gandhi’s son-in-law Robert Vadra has shares earns huge profit from purchasing land at minimum prices and selling these at high rates. After BJP MP from Bikaner Arjun Meghwal demanded investigation of the irregularities committed in the land deals, the [...] Continue Reading »
