Realty News
Dewan Housing Finance Corporation (DHFL) is looking to tap Maharashtra’s semi urban and rural market for housing finance lending business. DHFL, a private housing finance company, has around 11,000 customers in and around Pune with a portfolio size of Rs 1,000 crore. Rakesh Makkar, president & chief distribution officer, DHFL points out that Pune is [...] Continue Reading »
The municipal corporation along with traffic police plans to declare over 10 arterial roads as ‘red zones’ where parking vehicles will not be allowed, to ease prominent traffic bottlenecks in the city. Although the authorities have still not concerned to come up with a substitute parking solution. Kumar said, these areas are of core traffic [...] Continue Reading »
With the promise of paying rent, two Mumbai-based builders are promoting some of their under-construction residential properties named as Nirmal Lifestyle and Rustomjee.If the construction of its project is delayed beyond December 2017, Nirmal Lifestyle promises to pay the rent while Rustomjee will pay the rent during the construction period. Such promises were so far [...] Continue Reading »
Air India is unable to realise the objective of monetizing its assets due to depressed rates in real estate market. The company had three year plan to earn Rs 1,200 crore in FY14, Rs 2,000 crore in FY15 and Rs 1,800 crore in FY16 through this route. This money was to be used to retire [...] Continue Reading »
IDFC Alternatives raised its first fund of Rs. 750 crore focused on residential sector in India. IDFC Alternatives is a wholly owned subsidiary of IDFC Ltd. The fund is called IDFC Real Estate Yield Fund and will invest Rs 60-80 crore and will target gross returns of 22%. It is a four year close-ended private [...] Continue Reading »
An arm of financial services company India Infoline or IIFL, IIFL Finance, is investing Rs 150 crore in real estate developer Wadhwa Group’s township project in Navi Mumbai. Some of its clients are also investing together with IIFL Finance. The investment has been made by picking up non-convertible debentures from Mumbai-based Wadhwa group for the [...] Continue Reading »
Kochi Metro authorities say that the land acquisition procedures for the project have considerably slowed down as the district administration is involved in the conduct of Lok Sabha polls. The authorities point out that Aluva and Palarivattom would continue without many obstacles but works on the other stretches may get disturbed. A Kochi Metro official [...] Continue Reading »
An analysis of national highway project done by CRISIL Research indicates a drop in the traffic growth in the last couple of years. The common traffic on many national highways has been very low than estimated by the National Highways Authority of India (NHAI). CRISIL researched on 15 national highways and found that the traffic [...] Continue Reading »
The largest Real estate firm of the country, DLF says that they received Rs 93.5 crore from IDFC for acquiring IT park project in Noida. In November 2011, the IDFC has purchased 100 percent shares of Galaxy Mercantile. The Galaxy Mercantile is the joint venture of DLF subsidiary DLF Home Developers and realtor, the 3C [...] Continue Reading »
The Yash Birla Group has signed a joint venture with Mumbai based Nahar group to redevelop its property of less than an acre in South Mumbai. Ms. Manju Yagnik, vice-chairperson, Nahar Group, says that the land is located in the south Mumbai’s Tardeo and posses the total area of 4,300 square metres (46,268 sq ft). [...] Continue Reading »
