Realty News
Investments are pouring in Visakhapatnam reason being it is in the race to be the capital of Andhra Pradesh. APIIC has received many applications, with majority of them being pharmaceutical companies, which signifies that it has emerged as one of the most potential business destinations. In Visakhapatnam as per AP Industrial Infrastructure Corporation (APIIC),in just [...] Continue Reading »
The issuance of unsecured redeemable non-convertible debentures by India Infoline Housing Finance Limited (IIFL), which is the housing finance subsidiary of IIFL Holdings Limited, has been oversubscribed 2.24 times of the base issue. As per the stock exchange data the total collection was Rs 224.5 crore which is 2.24 times of the base issue. The [...] Continue Reading »
The Reserve Bank of India (RBI) disagrees with finance ministry’s plan to give Sarfaesi Act-powers automatically to all housing finance companies (HFCs) registered with the National Housing Bank (NHB). An official says that the ‘stringent’ Sarfaesi powers should not be given to institutions without proper due diligence of their management, track-record, borrower profile and default [...] Continue Reading »
A combine demolition drive of Allahabad Municipal Corporation and Allahabad Development Authority (ADA) was conducted in which some illegal encroachments were razed to the ground. In this drive police team is also present with demolition squad. The squad consists of bulldozers, earthmovers, and trucks initially assembled near the Cantt police station. The squad than move [...] Continue Reading »
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »
Real estate prices have remained untouched in last quarter of 2013, regardless of political uncertainty, liquidity issues, high interest rates and cautious sentiments. Property rates at Colaba, Marine Drive, Dombivali, and Ambernath went down by seven to 13 per cent whereas rates went up by 10 to 12 per cent at places like Hiranandani, Lower [...] Continue Reading »
The Pune based real estate developer firm signed the agreement with another real estate Pune based developer Elite Landmarks to construct medium size apartments in Pune. As per the Panchshil this is first of its kind brand licensing in India. The Panchshil under its brand licensing division will be lending its brand, its architectural and marketing [...] Continue Reading »
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] Continue Reading »
Kent RO Systems water purifier maker would be investing Rs 100 crore to set up a new manufacturing unit at Noida. The required land for its third manufacturing unit has been allotted to the company and construction would commence soon. Mahesh Gupta, Kent RO Systems Chairman informed that the construction would commence as soon as [...] Continue Reading »
Mr. Vishwanath Nair concluded in a report that the loans restructured by corporate debt restructuring (CDR) will cross Rs 3 lakh crore by the end of this financial year. The loan recast in the financial year 2014 have crossed Rs 70, 000 crore with restructuring requests for nearly to Rs 20, 000 crore having delayed [...] Continue Reading »
