Realty News
Godrej Properties, the real estate development wing of the Godrej group announced that it has entered into an agreement with G&B to build a new project on the Eastern Express Highway in Vikhroli, Mumbai. The potential area at this site will be up to 8, 00,000 sq ft and is likely consist of residences as [...] Continue Reading »
Extremely happy on the success of its last project, the real estate development wing of the Godrej group has now come up with the phase 7 of its residential project at Sodepur on BT Road near Kolkata. Christened as Godrej Prakriti Everest, the project in its recent phase and will have a new tower. The [...] Continue Reading »
The Tata Steel’s 25-acre land in Borivali received five bids from top corporates and developers. It is expected to collect Rs 1,000 crore for the company from this deal. According to source the top companies which are in race to acquire this land is Tata Housing, Tata Consultancy Services, Oberoi Realty, Kalpataru and Piramal Realty. [...] Continue Reading »
Taj Hotels, Resorts & Palaces mentioned that they have completed a US $ 10-million expansion at its Sri Lankan property, the Gateway Hotel Airport Garden Colombo. The Colombo hotel is jointly owned by Mukesh Advani and Prakash Advani, and the Hirdaramani family with 50 per cent shares each. The hotel is managed and operated by [...] Continue Reading »
As per a report, India needs Rs 14 lakh crore for the growth of transport infrastructure to achieve 7 percent economic growth. The report says that the National Transport Development Policy Committee (NTDPC) needs to raise its investment in transport infrastructure like rail, highways, port and airport to Rs 70 lakh crore levels in 15th [...] Continue Reading »
According to the experts, Liquidity constraints, approval delays and the economic slowdown have forced the developers not to take up large infrastructure and road projects on PPP basis. An expert also mentioned that the government gives attention on developing infrastructure projects on public private partnership model to minimize its burden and to motivate private sector to participate in [...] Continue Reading »
After the Maharashtra Industrial Development Corporation (MIDC) recently sanctioned the implementation of 1.5 floor space index (FSI) for its industrial estates, around 500 small and medium enterprises in Satpur and Ambad are planning to use the hiked FSI for the expansion of their existing facilities. According to the new industrial policy, the state government raised [...] Continue Reading »
On Tuesday, Gopal Raheja of GL Raheja Group died, who was among the first professional property developers in the country, patriarch of the 11,000-crore.The actual reason for his death is not known though he was 80 and was ailing for some time now. An active real estate developer since the 1960s, Gopal Raheja was mainly [...] Continue Reading »
Pune based Vastushodh builders recently announced the launch of its new project AnandGram affordable housing project at Ketkawale on Pune-Satara Highway. The AnandGram housing project aims to fulfill the requirements of lower and middle income group. In this project, the houses have full facilities and cost around Rs 5 Lakh to 20 Lakh. Mr. Sachin [...] Continue Reading »
K R Kamath, CMD and Chairman of PNB Housing Finance says that the company is planning to raise Rs 400 Crore from the rights. PNB has 51 percent share in the company while the remaining 49 percent share is held by private equity firm Destimoney. PNB would take share for Rs 204 Crore and the rest [...] Continue Reading »
