Realty News
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise. [...] Continue Reading »
To overcome to problem of shortage of skilled workforce in construction sector, the Construction Skill Development Council of India (CSDCI) aims to train at least 3 lakh workers over next one year under a program. CSDCI which is developed under the National Skill Development Corporation is promoted by the Construction Federation of India, Builders’ Association [...] Continue Reading »
The Indian real estate market witnessed a drop in the investment in 2013. As per the report titled Investment Market beat 2013 by property advisory Cushman and Wakefield, investment in Indian real estate market decreased by 65 percent in 2013. The report also concluded the investment in the hotel industry have decreased the most by [...] Continue Reading »
Mr. Ramesh Sanka, managing director of DLF Cybercity Developers, which is renowned real estate developer DLF’s rental and leasing business has resigned from his post. He is a mechanical engineer and a management graduate and was working with this group for last 10 years and helped the company in selling some of its non-core assets. [...] Continue Reading »
Facing the problem of increase in unsold inventory and with working capital hard to come by, the real estate developers in last few years bend heavily on a class of investors to bring sales and bring in that much-needed cash flow. These types of the investors are referred as the ‘underwriters’ which buy the large [...] Continue Reading »
The India Realty Excellence Fund II LLP has raised this fund for deployment in its Ambernath project spread across 2.5 million square feet in Mumbai’s central. As per the person related to the development, this deal was closed in beginning of January. Motilal Oswal Real Estate fund, which is the real estate wing of Motilal [...] Continue Reading »
A fall of 41 per cent of Net Profit in the quarter ended December 2013,has been registered of top 25 real estate companies, in comparison to peak period of quarter ended March 2012.As per the report by global realty consultancy Knight Frank the net profit margin have fallen from 13.6 per cent to 9.7 per [...] Continue Reading »
Today a loan agreement has been signed with the Government of India by the Japan International Cooperation Agency (JICA) to provide 1,40,000 million Japanese Yen of Japanese Official Development Assistance (ODA) for constructing the phase 3 of Delhi Metro under the Delhi Mass Rapid Transport System Project Phase 3 (II). This loan is successive to [...] Continue Reading »
Location is everything, and when a new city is to be founded, getting in early on the action is a smart thing to do is a known fact to anyone who has ever dabbled in real estate. Therefore members of the committee of urban planners and urban policy experts were stunned to find their mailbox [...] Continue Reading »
The Department of Economic Development (DED), says that India and UAE are working to give final shape to a Bilateral Investment Promotion and Protection Agreement (Bippa) to increase investments between these two countries. As per the report, the agreement is aimed to bringing investments in to India from the UAE across several sectors like construction, [...] Continue Reading »
