Realty News
Lenders trying to find a way to recover loans from financially troubled Deccan Chronicle. Of the 100-crore loan exposure to the financially-troubled Deccan Chronicle Holdings Ltd, Indiabulls Housing Finance Ltd has recovered Rs. 77 crore. DCHL’s properties were auctioned online by Indiabulls. Last year, DCHL defaulted on its loan payments, resulting in Indiabulls taking possession [...] Continue Reading »
With all stake holders IDFC, NHAI and DS Constructions arriving at a settlement to remove toll plazas on Delhi-Gurgaon Expressway, the HC likely to grant its consent today. Delhi High Court has been told by the stakeholders in the Delhi-Gurgaon Expressway project that a settlement between the IDFC-led consortium, National Highways Authority of India (NHAI) [...] Continue Reading »
Approval for building plans to be paced up, citizen centric bylaws also implemented. In Guwahati, the approval of building plans within 75 days from the date of submission of applications and 60 days in other areas, have been made mandatory. Interestingly, if the plans are not approved with in stipulated timeframe, they will be deemed [...] Continue Reading »
Recently Chief minister Siddaramaiah presented the budget and announced that projects worth Rs 9,477 crore, to be implemented through the BBMP and the BDA, up from Rs 5,540 crore last year. The roads in Bangalore have been in miserable condition, adding to traffic woes in the city. City roads have been allocated Rs. 500 crore, [...] Continue Reading »
Metro project in Gujarat continues to face delays. Initial discussions were started in the year 2005. While the state government has approved the project, it is learnt that the detailed project report (DPR) is yet to receive centre’s approval. The project is handled by a special purpose vehicle (SPV) Metrolink Express between Gandhinagar and Ahmedabad [...] Continue Reading »
Cummins, a US-based industrial engine maker, bought its India office campus building in Pune from Panchshil Realty for Rs.750 crore. This is one of the biggest deals in office realty. The area of the property is around seven lakh square feet spread over two office towers in Balewadi, Pune. It has the capacity to house [...] Continue Reading »
Emmar properties tied up with MGF to launch a joint venture in India in 2005. It is focused on high-end residential and commercial properties. Emmar’s most iconic creation is Burj Khalifa in Dubai. The plan for an ‘architecturally aesthetic’ building is still in very initial stages. The company is talking with foreign designers and architects, [...] Continue Reading »
The major factors mid-income home buyer considers before hunting for a house are low maintenance and budget. Property rates have been high in Mumbai from very long time. Marol, Andheri East is witnessing huge demand for 1-BHK apartments. This locality is a well known commercial hub of the city and has MIDC industrial area, Seepz, [...] Continue Reading »
Japanese International Cooperation Agency (JICA) will be financially supporting the monorail project in Delhi, confirmed Mahendra Pal Singh, additional chief development specialist, JICA. The Delhi government’s approval on the project report is awaited. Over a period of 14 years, JICA has so far invested 502,644 million yen in the Delhi Metro. Pledged by the Prime [...] Continue Reading »
In a bid to keep the builders on toes and shift the onus of structural stability of a building on developers, Sitaram Kunte, the Municipal Commissioner has made building proposal approvals more stringent. In addition to other things that builders need to factor in , they will now have to ensure that precautionary measures are [...] Continue Reading »
