Realty News
The Government of India has signed a $125 million loan agreement with Asian Development Bank (ADB). The amount would be utilized for upgrading of roads in North Eastern states.’ The North Eastern States Roads Investment Program’, as it is known, is designed to reconstruct roads in the North Eastern states of Assam, Manipur, Mizoram, Tripura, Meghalaya, and Sikkim, thereby cutting [...] Continue Reading »
Tata Value Homes announces National Home Buying Day 2014, guarantees appreciation of up to 33%. In one of its kind of initiative, Tata Housing’s 100 percent subsidiary, Tata Value Homes Limited (TVHL) announced the National Home Buying Day, an exclusive opportunity for aspirers to purchase their dream home online with guaranteed appreciation up to 33%. [...] Continue Reading »
Noida Extension Flat Owner Welfare Association (NEFOWA) writes to governor on non implementation of “UP Apartment Act” in Gautam Budh Nagar district. NEFOWA, an association of flat buyers in Gautam Budh Nagar wrote to UP governor, BL Joshi, demanding his intervention to ensure implementation of the UP Apartment Act in the district. The association voiced [...] Continue Reading »
Jaipur Development Authority (JDA) plans to launch a mega housing scheme project soon near the Ajmer road. The plan is to develop houses on around 250 bigha land and will have 1,510 plots. The layout plan of the housing project has been approved in the project works committee meet on Tuesday. It is titled Anand [...] Continue Reading »
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
The deadline for Delhi metro Phase III is March 2016. According to Delhi Metro, around 25% of the work is complete, including two new corridors and extensions to some existing ones, crucial land acquisition, clearances and setting up of work infrastructure. Mukundpur to Shiv Vihar and Janakpuri (West) to Botanical Garden will connect west with [...] Continue Reading »
Weak rupee makes the office space in Connaught Place (CP) favourable for international occupiers. Connaught Place’s (CP) global real estate rankings fell a few notches – from 4th to 8th most expansive office location globally according to an annual survey by the real estate consultant Cushman & Wakefield. The prime reason for the fall is [...] Continue Reading »
Bangalore witness strong private equity interest in real estate The New Year started with a boom for the Bangalore realty market. The realty in the city is attracting private equity investments in the real estate sector. Multiple sources had been quoted as saying that many deals topping $10 million (above Rs 60 crore) have been concluded or [...] Continue Reading »
Guwahati sees highest rise in the real estate prices in the last quarter of 2013 The last quarter of 2013 witnessed Guwahati registering the second highest rise in prices of residential properties among major cities in India. As per the National Housing Bank (NBH), a subsidiary of Reserve Bank of India (RBI), the prices of residential properties in 16 cities [...] Continue Reading »
Chief Minister, Hemant Soren inaugurated Jharkhand’s first six lane highway Jharkhand got its maiden six-lane expressway on Tuesday as chief minister Hemant Soren formally inaugurated four phases of the much-delayed Ranchi Ring Road at a traditional ceremony in Rampur, 20km from the capital. The 36.192km arterial stretch connects Rampur on NH-33 to Kathitand on NH-75. [...] Continue Reading »
