Realty News
Feedback Infra is a technical and professional services provider in the infrastructure sector. It has recently acquired Dubai Consultants for an undisclosed amount. This provides Feedback Infra a chance to strengthen its reach in the Gulf region. Dubai Consultants is among the architectural and structural engineering organizations which were commissioned by the government of Dubai [...] Continue Reading »
Due to so much infrastructure development, many experts are now saying that Greater Noida has over shadow the developments in other NCR cities like Gurgaon and Faridabad. In Greater Noida so many multiuse residential and commercial projects are starting. Greater Noida is located in Gautam Buddh Nagar district of Uttar Pradesh has developed so much and [...] Continue Reading »
The Government is planning to build airports in smaller cities in the next 20 years. The plan is to build around 200 low-cost airports, with infrastructure a little bigger than a railway station. Under the Greenfield Airport Policy, fifteen low-cost airports would be taken up in the next few years. The government believes that the [...] Continue Reading »
Sachin Ahir, state housing minister, stated that one might be penalised if they have a second house and don’t give it out on rent or sell it off. Government is functioning on the modalities. According to the 2011, census there is 41.86 lakh houses in Mumbai. A house-to-house survey showed that of this 4.79 lakh [...] Continue Reading »
Finance Ministry sought a major revision to the draft proposed by the Roads Ministry regarding the formation of a Road Regulatory Authority. The role of such a regulator is to sort out issues between private road developers, National Highways Authority of India and Ministry of Roads, Transport and Highways, and ensure smooth functioning of road [...] Continue Reading »
“Notional possession” of a part of real estate major Unitech’s 350-acre land parcel in Noida has been taken by Life Insurance Corporation of India (LIC). This is due to the failure to repay a part of its nearly Rs 150-crore loan from LIC. The ‘Notional Possession Notice’ issued by the country’s largest insurer warned the [...] Continue Reading »
The investors’ demand for non-convertible debentures (NCDs) remains high as s companies offer high coupon rates. In 2013-14, around Rs 33,842 crore have been raised by companies through NCDs and tax-free bonds, almost twice the amount of Rs 16,982 crore companies raised in 2012-13. In the current year, tax-free bonds have been high in demand [...] Continue Reading »
DHFL Housing Finance plans to offer housing loans at 9.35 per cent interest for 7 years fixed loans up to Rs 15 lakh. The offer is under the National Housing Bank’s Refinance Scheme of Rural Housing Fund. In a release, R Nambirajan, Managing Director, DHFL Housing Finance, informs that from February 1, NHB has reduced [...] Continue Reading »
The metro station at Dhaula Kuan is challenging as it is a traffic-heavy intersection. The station is a part of Mukundpur-Shiv Vihar line of Phase III. Delhi Metro Rail Corporation (DMRC) spokesperson Anuj Dayal informs that special equipment for construction will be used due to the uniqueness of the station — curving viaduct of line [...] Continue Reading »
The extension of the Yellow line to Badli, on the Jehangirpuri to HUDA City Centre corridor, will be one of the few Metro lines going over a railway line in the capital. The DMRC will construct a special bridge to stretch the Northern Railway tracks on the Delhi-Ambala route. DMRC will also construct two separate aerial [...] Continue Reading »
