Realty News
A news report says that the Indian real estate firm Ajmera Mayfair Realty will raise its current investment in Bahrain Bay Development from USD 30 million to USD 300 million. News report further says that the Real estate developers Ajmera Group and Mayfair Housing have formed the Ajmera Mayfair Realty Group and jointly invested in the acquirer [...] Continue Reading »
A final decision on the future of large road projects awarded by the UPA-II government including widening of the 555-km Kishangarh-Udaipur-Ahmedabad road bagged by GMR will depend upon the next government. The reason for this is that some developers will start project only if the National Highways Authority of India (NHAI) compensates them for the [...] Continue Reading »
An HR executive working with a multinational company says that a 3BHK flat in a premium housing colony cost Rs 50 lakh. He also mentioned that the builders had pointed out the same amount for 2BHK three years ago but now at the same price they are offering a 3BHK apartment. He also added that [...] Continue Reading »
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system. The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »
The state government’s proposal of four-laning of the 220-km National Highway No. 20 (Pathankot-Mandi) has been once again rejected by the Ministry of Surface and Transport. The National Highways Authority of India had not included this important road project in its plan outlay for 2014-15, in the absence of political will as per the official [...] Continue Reading »
Shalimar group is focusing to invest Rs 1,200 crore in its two housing projects in Lucknow. Mr. Khalid Masood, Director of Shalimar Group says that the two projects collectively spread over 275 acres. The company also announced the new project Garden Bay, which spread over 75 acres on Sitapur-Hardoi Road and costing around Rs 200 [...] Continue Reading »
The Southern real estate company has introduced its first 2-BHK (bedroom, hall, kitchen) project in Pune in which each apartment is less than 1 crore. Company also reveals that the Sobha Orion at Kondhwa, Pune will be ready for possession in 2017. Pune ranks in second position in the list of largest cities of Maharashtra [...] Continue Reading »
The transportation infrastructure business of L&T Construction has grabbed 3,655 crore order from ASHGHAL, State of Qatar, for design and construction of Al Wakrah Bypass Road in the Gulf country. As per statement, the scope of work consist of construction of11km road of 10 lanes and four future lane sections roads. The open way provides access to the existing [...] Continue Reading »
Nachiket Mor, central board member of RBI suggested the National Housing Bank (NHB) to work on a benchmark index for floating interest rates in housing loans. He also said that such indexes could result in the expansion of unoriginal market based on it. He also added that the indexes must be customer oriented. He also [...] Continue Reading »
The Taurus Investment Holdings, LLC, a global PE investment and development firm is planning to invest Rs. 1, 200 crore in IT and social infra at Technopark, Thiruvananthapuram. Mr. Ajay Prasad, Managing Director, India, Taurus Investment Holdings says that these 1,200 crore is part of proposed 3,000 crore which is to be invested in developed assets [...] Continue Reading »
