Realty News
The Punjab Government has allocated Rs 3,600 crore for the strengthening of infrastructure in the state over the next two years. The Deputy Chief Minister Sukhbir Badal said in a statement that the amount had been earmarked for projects pertaining to potable water, sewerage, sewage treatment plants, concrete roads and streetlights. The development of Fifty-two [...] Continue Reading »
As per “Real Estate 2020: Building the future”, a new report from PwC Mumbai, the rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years. It also said that with the growth of industry’s opportunities, the assets invested into the sector will also [...] Continue Reading »
To be able to meet the investment target of Rs 5000 crore in public infrastructure through public private partnerships (PPPs) for the12th Plan period (2012-17), Odisha’s state planning & coordination department has invited proposals from government departments and agencies. The PPP projects are to be taken up in socio-economic sectors like agriculture, water supply, health care, education, municipal services, warehousing, [...] Continue Reading »
Through a newly formed category named as alternative investment funds (AIF), HDFC Mutual Fund plans to raise up to Rs1,500 crore for real estate. The asset management company will raise the money through a new division that is expected to be called HDFC AIF, according to two persons who are familiar with the matter. An [...] Continue Reading »
More than 50 Special Economic Zones (SEZ) developers, including Dr Reddy’s Laboratories, Vedanta Aluminium and Tata Consultancy Services have asked the government to grant them some more time to implement their projects. The requests are to be considered by the Board of Approval (BoA), headed by Commerce Secretary Rajeev Kher, on March 10. Other developers seeking additional [...] Continue Reading »
UP stamp and registration department has deferred the proposal about a reduction in circle rates. Officials cited that with general elections round the corner, the code of conduct could be implemented anytime and thus, the proposal cannot be implemented soon. Also, the newly-appointed district magistrate needs to study the proposal in detail before allowing the [...] Continue Reading »
The planned changes in foreign direct investment rules for the realty sector will be discussed by the cabinet this week. The new rules will help realtors to infuse more money into the sagging housing sector by lowering the minimum built-up requirements and minimum capitalisation. The minimum area requirement would be halved from 10 hectares to [...] Continue Reading »
On Monday the home state of civil aviation minister Ajit Singh confirmed that seven airports will be developed in Uttar Pradesh by the Airports Authority of India (AAI) under an agreement it signed with the state government. The AAI would develop airports at Meerut, Moradabad, Faizabad and new civil enclaves in the IAF airports at [...] Continue Reading »
According to CBRE’s bi-annual India Residential Market View report for H2 2013, a slow economic growth, coupled with high property prices and steep interest rates, resulted in feeble demand for housing during the second half of 2013 Mumbai’s housing market remained largely stable, with a slight positive reception in selected premium micro-markets. In comparison to [...] Continue Reading »
With the Lok Sabha polls approaching, the Haryana government has announced a major relief in property tax payments in the municipalities of the state. While presiding over the State Cabinet meeting, Chief Minister, Bhupinder Singh Hooda announced one time rebate of 30 per cent for those property owners who clear all their dues or arrears [...] Continue Reading »
