Realty News
The DFL Infrastructure Finance has been prohibited from selling or transferring its properties as well as transacting in other business activities without approval from the Reserve Bank due to irregularities in the findings of the company’s books and accounts checked last year. The company says that they are not allowed to sell, transfer, create charge [...] Continue Reading »
The India Infoline Ltd’s (IIFL) non-banking financial company and some of its wealthy clients have together invested Rs 150 Crore in a 500-acre Navi Mumbai township project of property developer Wadhwa Group. IIFL has purchased non-convertible debentures (NCD) from Wadhwa Group for the project, after three years of signing agreement with the Gulf Finance House [...] Continue Reading »
In last 12 months, the prices of property have dropped down but still the rents of properties are increasing day by day. Some areas witnessed the increase of up to 20 percent in the rents of property. Commonfloor.com data According to the data of Commonfloor.com, the rents of property increased by 10 percent in Delhi [...] Continue Reading »
Slow approvals and execution has caused project delays forcing real estate developers to raise capital from non-banking financial companies (NBFC) and private equity (PE) funds to refinance previous loans, repay banks or pave the way for exits by investors. PE funds and analysts point out that developers may not judged correctly on the time required [...] Continue Reading »
Immersed in riches of all variety, a demanding metropolis like Gurgaon has a severe shortage of time. So when time is devoted to discuss some of the more pressing concerns of the day, the gesture itself is noteworthy. However Friday’s workshop went beyond gestures which were titled as ‘Sustainable Transport in Gurgaon – What Next?’It [...] Continue Reading »
After the new land acquisition law came into force, the Road Transport and Highways (RTH) Ministry is looking for options like real estate development along the Delhi-Jaipur Expressway to finance it as land cost alone has trebled. After the new law came into force the land cost has trebled, the cost of ~11,750 project that [...] Continue Reading »
The highways ministry is getting nervous because the latest land acquisition law could be responsible for increasing the cost of highway construction projects. On one hand, the UPA government claims that the new land acquisition law is its one of the achievement during their current tenure. While on other, projects like the Delhi-Jaipur Expressway being [...] Continue Reading »
India’s large mall developers companies are focusing on small towns, scouting for potential purchases. Developers like Future Group, Inorbit Malls (India) Pvt. Ltd and Infiniti Mall are looking to acquire malls in small cities to tap the potential there, while the top urban markets are close to being saturated. Inorbit, a division of Mumbai-based real estate developer K Raheja [...] Continue Reading »
The Greater Hyderabad Municipal Corporation commissioner Somesh Kumar has suspended deputy municipal commissioner, Qutubullapur, V. Mamata, assistant city planner M Tulasiram and section officer Sreedhar Goud because they does not take timely action against unauthorized development in Qutubullapur. As per an official, release suspension orders of the deputy municipal commissioner, assistant city planner and section [...] Continue Reading »
A report by Kotak Wealth Management and Crisil Research concluded that due to increasing globalization, rich Indians are purchasing property outside India. The prime reason of purchasing property aboard is the increased price of Indian property. Rich Indians can purchase property abroad at the same cost at which they purchase property in India. Whereas purchasing [...] Continue Reading »
