Realty News
The GMR Infrastructure has got the permission from its share holders to raise Rs 2,500 crore through different methods. This will be helpful to reduce the debt which is currently Rs 4,500 and also useful for another project in Chhattisgarh. The company also increased its share value from Rs 750 to Rs 1,950 to make [...] Continue Reading »
ITC, which is Rs 43,000-crore business house, is planning to develop a luxury resort and spa at Mahabalipuram, near Chennai. According to the web site of company the resort named as ITC Vilasa is expected to open in the middle of this year. The resort is 25 km from the south of Chennai. As per [...] Continue Reading »
The Tata Housing says that they were planning to invest Rs 700 crore to develop a new residential housing project in Chennai The planning to construct 1,600 flats in this project which is spread over 15 acres. The Tata Housing says that its subsidiary Tata Value Homes would develop this affordable housing project under the [...] Continue Reading »
Write offs of Rs 280 crore have further added to the losses of Gammon India. Due to write offs Gammon India has faced a loss of Rs 454 crore. This has been reported in the audit result done in December. The net sale decreased by 16.3% to Rs 1,020 crore and loss of Rs 150 [...] Continue Reading »
The New Delhi Municipal Council (NDMC) has plans to develop and eco-friendly Park in Delhi. The location selected for the park is on Kushak Nala located at Sardar Patel Marg. The park will have a lot of things like rope-based sports activities to offer. The civic body plans to build it under the public-private partnership [...] Continue Reading »
The problem regarding the Delhi Airport Express Metro Line is going to be solved by the end of this month. The Election Commission has given special permission to the government to conduct the meeting of the Empowered Group of Ministers that will going take the decision regarding the problem related to Delhi Airport Express Metro [...] Continue Reading »
An analyst says that the UPA government’s special economic zone (SEZ) scheme whose aim is to create infrastructure to facilitate exports appears to have failed. More than 60 percent of the total land under the SEZs is vacant years after the scheme launched in 2006. Till now the government has notified 389 SEZs. As per [...] Continue Reading »
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »
TDI Investors Association which includes 70 member investors from Chandigarh created a row, alleging that the owners had cheated them of Rs 150 crore. In a press conference the association stated that in 2005 a legal contract was signed between the company and the members following whom they paid 80% of the cost for showrooms [...] Continue Reading »
The National Housing Board (NHB) shall raise $200 million through ECB (external commercial borrowing) within the next fortnight. This will ensure will ensure that home loan players meet the $1 billion target of foreign fund raising in FY14. NHB regulates pure-play home financiers. It refinances a part of the housing finance portfolios and acts as [...] Continue Reading »
