Realty News
Blackstone Group LP, a leading private equity (PE) investor in India, is planning to increase their exposure in real estate in India. Structured finance deals, according to experts, have been quite common as the cost of equity has increased significantly due to unfavourable Indian macro situation. Another PE investor, Kohlberg Kravis Roberts (KKR), says it [...] Continue Reading »
The real estate arm of Motilal Oswal Private Equity, Motilal Oswal Real Estate (MORE), has announced the first closure of its second real estate fund. The fund — India Realty Excellence Fund (IREF) II LLP – has raised Rs 225 crore in three months. The fund is targeting to raise Rs 300 crore with a [...] Continue Reading »
According to Chief Executive and Managing Director of L&T Metro Rail (Hyderabad) Ltd Vivek Bhaskar Gadgil, work on the Hyderabad Metro is going on at a fast speed and, if it completes 71.16 km in three lines in five years as planned, it will be a world record. On Monday, while delivering a lecture on [...] Continue Reading »
With the completion of most of the land acquisition statutory clearances and the award of civil contracts for 1,100 km for the Dedicated Freight Corridor (DFC), project execution has actually begun. There are two legs of the Eastern corridor covered in the 1,110 km— Mughalsarai-Sonnagar and Khurja-Kanpur — and Rewari to Palanpur on the Western [...] Continue Reading »
Banking high on about 10 per cent growth happening in the furnishing segment, Creative Portico India, a premium bed and bath soft furnishing player in India, is planning to add about 200 outlets through the franchise route in three years. In addition to the retail, it is also looking to tap bulk business opportunities from [...] Continue Reading »
Mr. Raman Bhalla, minister for Housing, Horticulture, Culture and Youth Services and Sports said the government was making efforts to provide modern infrastructural facilities across the state. As the Union Government had provided liberal funds under various sectors, there was no constraint of money for this purpose, he mentioned. For the construction of subways, illumination [...] Continue Reading »
Owing to the connectivity, infrastructure and basic facilities, Bangalore has emerged as the most preferred destination for buying a house in 2014, according to the findings of a survey by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). A majority of the respondents, about 49 per cent, of the urban working class are [...] Continue Reading »
The Kerala government recently launched a new housing scheme, giving aid to widowed and divorced women of minority religions. At a function held at the Collectorate in Mallapuram, Minister for Urban Affairs and Welfare of Minorities minister, Manjalamkuzhi Ali inaugurated the first installment of the housing aid distribution. He also said that more beneficiaries would [...] Continue Reading »
The four-laning of 105-km stretch of National Highway-73 from Yamunanagar to Panchkula has been approved by The State Wildlife Board (SWLB). The NH-73 of 19.21-km, falls in the Khol Ki Ratan Wildlife Sanctuary and within the eco-sensitive zone (ECZ) of the sanctuary. As one of the two toll plazas falls in the ECZ of the [...] Continue Reading »
Road and drain projects worth Rs 66.68 crore for Hojai and Lanka in Assam have been approved by the Union Ministry of Urban Development under the Urban Infrastructure Development Scheme for Small and Medium Town (UIDSSMT). Union Urban Development and Parliamentary Affairs Minister Kamal Nath informed this to Chief Minister Tarun Gogoi in a letter. [...] Continue Reading »
