Realty News
The Tunnel Boring Machine (TBM) at Shalimar Bagh recently completed a tunnel under the operational Ring Road on the Majlis Park to Shiv Vihar metro corridor. The tunnel at Shalimar Bagh was constructed by DMRC engineers without any problem to the traffic running on the ring road above. The TBM completed the task of a [...] Continue Reading »
The Kochi Metro Rail Ltd (KMRL) denied the possibility of acquiring more land for construction of Operation Control Centre (OCC) at Muttom. The Metro agency mentioned that the facility would come in focus at the site identified for Kochi Metro’s coach maintenance yard at Muttom. KMRL spokesperson says that the design of the maintenance yard has [...] Continue Reading »
After imposing a heavy fine of Rs 1,773 crore on state-owned Coal India Ltd, CCI is now planning to impose fine on DDA. According to a current report by the competition watchdog’s director-general (investigation), it is found that DDA is exploiting its dominant market value through its housing sale practice. A senior official says that we [...] Continue Reading »
According to information issued by the Delhi LG’s office, the working procedures of DDA will be changed to improve its efficiency. LG Najeeb Jung recently held a meeting with National Productivity Council (NPC), which is busy in analysis on the structure of DDA, which would recommend changes in the working procedure of DDA. The meeting [...] Continue Reading »
After much discussion of redevelopment of government flats in Delhi’s Moti Bagh, the public sector company, National Buildings Construction Corporation (NBCC) is focusing to rebuild at least three government housing projects worth Rs 5,000-6,000 crore in other parts of the country. The company is also searching the chances to expand its market in Africa and [...] Continue Reading »
Kerala-based gold loan firm Manappuram Finance has diversified with the acquisition of Milestone Home Finance Company from Jaypee Hotels. VP Nandakumar, MD & CEO of Manappuram Finance informed that entire acquisition would cost the company Rs 10 crore. He added that the acquisition would result in diversification of the group into home finance. The group’s [...] Continue Reading »
SD Shibulal’s, Infosys co-founder and CEO, a private limited company that deals with his family wealth, is increasing its hospitality along with its real estate business by investing R130 crore. The family office including his family’s holdings in Infosys, runs a resort in Coorg, Karnataka called ‘The Tamara’, a 56-room luxury property, which manages around [...] Continue Reading »
On Wednesday, in the Goa legislative assembly, Goa (Abolition of proprietorships, titles and grants of lands) bill, 2014, was introduced for abolishing the rights of the landlords over the evacuee properties that were acquired from the Portuguese government. To abolish the proprietary rights of the landlords may finally see the light of the day with [...] Continue Reading »
A property belonging to film producer and director Gautham Vasudev Menon in Adyar is at auction by The Kotturpuram branch of Indian Bank which is also inviting tenders for it. The auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore, [...] Continue Reading »
Fund collected by Indian companies through retail issues of non-convertible debentures has increased over two times during current financial year. A collective amount of Rs 16,982 crore was gathered by 15 firms through their NCDs in the entire 2012-13 fiscal. NCDs are loan-linked bonds which are issued by a company that cannot be changed in [...] Continue Reading »
