Realty News
Infrastructure firm IL&FS Engineering and Construction informed that they were successful in getting a Rs 300- crore contract for elevated metro stations on Kolkata Metro Line in West Bengal by Rail Vikas Nigam Ltd (RVNL). The company says that they are awarded a contract by RVNL, Kolkata for a value of Rs 299.76 crore for [...] Continue Reading »
The country’s largest car maker company, Maruti Suzuki India Ltd, plans to buy real estate for dealers in India and constructing factories for its Japanese parent Suzuki Motor Corp. In growing markets like Latin America and Africa—moves that are likely to shock its investors. The two people familiar with the development say that the company, in [...] Continue Reading »
National Buildings Construction Corporation (NBCC), a public sector company, planning to redevelop at least three government housing projects worth Rs 5,000-6,000 crore in various parts of the country. Also, the company is looking to expand its business in Africa and West Asia. NBCC Chairman Anoop Kumar Mittal informed that an agreement for makeover of a [...] Continue Reading »
Union Minister of Civil Aviation Ajit Singh announced in Hyderabad that airports in India are expected to attract investments worth $12.1 billion during the 12th Plan period, including $9.3 billion from the private sector. India is expected to reach third position with a fleet size of 1,000 by 2020 and holds 9th position in civil [...] Continue Reading »
Under the National Housing Bank’s Refinance Scheme of Rural Housing Fund, DHFL Housing Finance will grant housing loans at 9.35 per cent interest for 7 years fixed loans up to Rs 15 lakh. DHFL Housing Finance, Managing Director, R Nambirajan said in a release NHB has decreased the interest rate under this refinance scheme to [...] Continue Reading »
Textile conglomerate Arvind Limited, through its subsidiary Arvind Garment Park Pvt Ltd, will set up a 300 acres garment park in Gandhinagar. The group’s own Rs 125 crore garment manufacturing plant will be anchor unit of proposed garment park. It will have a capacity of capacity of nine million pieces. The apparel park is expected [...] Continue Reading »
The government is planning to come up with a company, National Highways Construction Company, for building roads in border areas and north eastern regions. A road ministry official informed that while NHAI (National Highways Authority of India) build roads all over the country, this company will focus on building roads in border areas and in [...] Continue Reading »
The flagship firm of Harsh Goenka’s RPG Group, KEC International, has put a seven-acre plot in Thane on the block. As per sources the plot is likely to be purchased by Tata Housing for 210 crore, previously housing its cable manufacturing facility. A person close to the development said, for the last three months, the [...] Continue Reading »
The National Highways Authority of India (NHAI) has blamed the state government for delay in 4-laning of Yamunanagar-Panchkula highway stretch of NH-73. Infrastructure major Gammon has walked out of the project on grounds of non-availability of land, delay in environment and forest clearances, besides scarcity of construction material in the state. Gammon was to invest [...] Continue Reading »
The deficiency of skilled personnel in India’s real estate sector is responsible for slowing down construction activity by an average of six months to a year, that’s why project cost increases. In India Development activity is at all time high and is only expected to increase further in future, According to the rate of urbanization [...] Continue Reading »
