Realty News
Mr. Francois Richier, French ambassador to India, says that the French Government is ready to invest in Indian market. He also added that French companies are among the biggest investors in India and there are 350 French companies with nearly $19 billion worth ready to invest in India. He further says that the French companies [...] Continue Reading »
The Tata-owned Indian Hotels Company got another chance to operate the iconic Taj Mansingh hotel as the New Delhi Municipal Council did not have any feedback from the Solicitor General on the auction and the current lease expires on March 31. Mr. Jalaj Srivastava, chairperson of NDMC, says that the council has decided to give a four-month extension, [...] Continue Reading »
Dharuhera is the fastest emerging industrial town on the outskirts of Delhi. As per the report, Dharuhera is the fastest growing town of Haryana and that it is also the new growth corridor of Gurgaon and New Delhi. Strategic location Dharuhera is situated on NH-8, the busy Delhi-Jaipur Highway, and is on an hour’s drive [...] Continue Reading »
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
As per the data, Nerul, Airoli and Palm Beach, are localities that provides the real estate developers constant returns. These localities have witnessed an increase of 12 to 19 percent in the capital value in the last one year. The property experts mentioned that the approval of the Navi Mumbai Airport is the factor that [...] Continue Reading »
In the third year of the UPA-II regime a large part of the project to build 2,500 km of highways was awarded which has now been cancelled. In 2011-12 most of these projects were awarded by the National Highways Authority of India (NHAI). Because of the economic slowdown in the succeeding years 2012-13 and 2013-14 [...] Continue Reading »
Cushman & Wakefield, global property consultant, said, In the real estate sector private equity investment increased by 13 per cent to Rs 7,000 crore last year on higher inflows in the residential segment. “Total inflows from private equity funds in the real estate sector was recorded at Rs 7,000 crore ($1.2 billion) for 2013, an [...] Continue Reading »
Australia’s hospitality brand, Country Comfort Hotels is looking for business opportunities in India as it has begun its initial franchise discussion with a Mumbai-based group. Sean Flynn, Executive Vice-President for brands at the Singapore-based Silver Needle Hospitality, that owns Country Comfort brand said we have just started with our preliminary discussions with a group in [...] Continue Reading »
To grow their secured credit portfolio, Banks usually believe housing loans the best bet. Whereas that is frequently the case, some public sector banks have reported higher level of non-performing assets (NPAs) in their housing loan book. At six public sector banks, the finance ministry has showed concern over high home loan NPAs counting the [...] Continue Reading »
A global real estate consultant says that the Office space requirement is likely to increase by 7 percent during this year to 29 million sq ft in India’s 7 major cities as corporates are looking at expanding their business. The demand of office space was 27 million sq ft last year in the seven cities [...] Continue Reading »
