Realty News
The National Housing Bank (NHB) has decided for the premature closure of its second tranche of public issue of tax-free bonds, this issue opened on March 7 and was planned to close on March 18. NHB got bids for Rs 1,252 crore in all four categories on the first day. The second installment of the [...] Continue Reading »
The highways ministry is seeking Election Commission’s nod to award works for over 60 road projects involving over Rs 22,000 crore investments. In the past one month, finances for the first set of about 55 works have been sanctioned by the ministry. National Highways Authority of India (NHAI) has called financial bids for 22 projects, [...] Continue Reading »
The office space of government departments have started reducing because of increase in prices of real estate. In an austerity drive, the central government has ordered to minimize the area of office accommodation. Govt on Austerity drive An order given to government offices by the Ministry of Urban Development a few days ago calls for [...] Continue Reading »
Five main port operators have shown interest in the global tender floated by Vizhinjam International Seaport Ltd (VISL). The operators who have shown interest in tender are Gammon Infrastructure Projects; the Hyundai-Concast consortium; Essar Ports; Adani Ports; and Srei-OHL, a consortium of Srei Infra and Spanish construction company Obrascón Huarte Lain. VISL had asked for [...] Continue Reading »
At Dhaula Kuan, Delhi Metro line is 23m high, which is not the highest in the network but it is a difficult task to build it much higher. A heavy traffic intersection, flyover and Airport Metro Express will be fully operational that’s why it is a big task to construct the elevated track of the [...] Continue Reading »
Pune’s residential housing sector got a new entrant in the name of Phoenix Mills, which has announced the launch of its project ‘Fountainhead’ near Viman Nagar on the Pune-Ahmednagar Road. The project comprises of two 13-floor towers encompassing 81 three and four bedroom apartments. The homes range from 3,000-5,100 sq ft in size and come at a [...] Continue Reading »
Rating agency ICRA recently said that some stress might be seen in the asset quality of housing finance companies (HFCs) in the current fiscal, ending March 31. This is due to their push on riskier segments like lending against property and to self-employed people. The total housing credit outstanding as of December 2013 is being [...] Continue Reading »
Over 3,000 sq km environmentally fragile land in Kerala’s Western Ghats region has been exempted by Environment Ministry from the category of Ecologically Sensitive Areas (ESAs) demarcated by a high-level central government panel. Earlier, High Level Working Group on Western Ghats headed by K Kasturirangan had recommended that 13,108 sq km should be declared as [...] Continue Reading »
The date January 1, 2014, has been fixed by the state government to evaluate the benchmark value of land. On the same day, the revised land acquisition law, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act (RFCTLAR&R), 2013, came into effect. Land acquisition cases initiated before 2014 will be [...] Continue Reading »
Two orders worth Rs 721 crore are bagged by Infrastructure development company SPML from Bhavnagar Irrigation Project Division, Gujarat, and South Bihar Power Distribution Company, Patna. The company informed in a statement, in Gujarat SPML Infra has received an Rs 594-crore order for developing infrastructure for water supply to Bhavnagar along with a Rs 127-crore order in [...] Continue Reading »
