Realty News
In the first two months of this year across various business segments, L&T Construction has received an order worth Rs 5,220 crore. S N Subrahmanyan, Senior Executive Vice President (Infrastructure and Construction), L&T said in his speech, “It has been a productive beginning to the New Year and these orders reaffirm our leadership position in [...] Continue Reading »
Retirement homes, or senior citizen living spaces, are becoming big business in the country. Senior housing is a $25-billion industry worldwide, according to Jones Lang LaSalle India. India has an approximate demand for 3 lakh such homes prized at over $1 billion. The massive demand for flats or townships for senior citizen with or without [...] Continue Reading »
With an aim to provide better connectivity, Delhi Metro Rail Corporation (DMRC) under its Phase III expansion plan plans to set up more than one station in large residential and commercial areas of the national Capital. According to officials, the expansion has been planned in a manner that the large residential as well as commercial [...] Continue Reading »
According to a report by IIM Bangalore (IIM-B) , the housing sentiment index (HSI) of Hyderabad has increased 22 per cent to 101 in the third quarter of the current financial year, in spite of imminent bifurcation of Andhra Pradesh. This is a sentiment index of the Indian real estate market that focus to capture [...] Continue Reading »
Some reasons that are working in favour of Bangalore north are , development plans such as the IT and aerospace parks by the government, Better connectivity to the city as well as to the airport, availability of land, signal-free roads, well-developed social infrastructure, proximity to IT/ITeS parks, industrial belts etc. Om Ahuja, CEO of Residential [...] Continue Reading »
A New York-based not-for-profit venture fund, Acumen Fund plans to make its first investment in the low-income housing space in India. Karuna Jain, a senior portfolio associate of Acumen Fund informed that the fund plans to invest up to $8 million (nearly Rs.50 crore) in India in 2014, of which around $2 million will be [...] Continue Reading »
More than 3,000 flat owners would be benefitted if the state government says “yes” to the Kanpur Development Authority’s proposal to compound illegal structures. To legalize the illegal construction, the state government has asked the authority to prepare a compounding policy. According to sources more than 3,000 buildings have been raised against the sanctioned map in the [...] Continue Reading »
Spencer’s Retail Limited announced that they would open 100 hypermarkets (retail stores) across India by 2017. It is a RP-Sanjiv Goenka group company. The company on Friday opened 32nd hypermarket which is its first in Bhopal. The group plans to open two more hypermarkets before the end of this financial year. The company said it [...] Continue Reading »
According to a senior official of CMRL, Chennai Metro Rail Ltd (CMRL) has zeroed in on three corridors for the Phase-II development which is estimated to cost around Rs 36,000 crore. R Ramanathan, director – projects, CMR informed about the estimates above and the three corridors of the project which will run across 60 kms. [...] Continue Reading »
Abhinav Bhushan an investment banking chief of Essel Financial Services Ltd, a part of Subhash Chandra’s Essel Group has been appointed as the head of its real estate fund business which is prepared to raise a $200 million offshore fund. Essel Financial’s real estate fund business, has proposed to build a corpus of Rs.500 crore in 3-6 [...] Continue Reading »
