Realty News
The Uttar Pradesh government on Thursday decided to set up a self-financed project monitoring group (PMG) to facilitate clearances for infrastructure projects. The initiative is inspired by the Centre’s successful experience in kickstarting stalled investment projects. Four crucial projects held up for the last few years due to lack of clearances has been cleared by [...] Continue Reading »
Wealth funds of Abu Dhabi, Qatar and Malaysia are competing with each other to acquire two of India’s prime properties. It is going to be one of the biggest deals in the Indian hospitality industry. The governments mentioned above are cash rich and are looking to pick up 74% stake in the Leela Group’s Delhi [...] Continue Reading »
Vadodara Municipal Corporation (VMC) cleared housing projects worth over Rs 438 crore, ahead of chief minister Narendra Modi’s visit to the city. The standing committee meeting of the VMC cleared the projects in one go under the chief minister’s housing scheme. The bids for Low Income Group (LIG) were cleared at the meeting. The tendering [...] Continue Reading »
The Bangalore Development Authority (BDA) informed the Karnataka high court that in residential areas having roads less than 40 feet wide roads, no commercial or ancillary land use will be permitted. This was announced by the BDA counsel in a hearing of a PIL challenging the revised master plan 2015. It was actually in response [...] Continue Reading »
Banks and financial institutions are threatening the developers to auction their properties worth thousands of crores in case of failure of loan repayment. In one of the latest cases, over two dozen nationalized banks, led by United Bank of India (UBI), are auctioning the properties of barely Rs. 31 crore worth while trying to recover [...] Continue Reading »
With the expectation of a stable government at the Centre and the industry betting big on growth in jobs and, thus, increased investments, the realty sector in Chennai is set for growth. During a discussion on imminent market changes in Chennai, a hopeful lot of people from the industry were optimistic about the realty situation [...] Continue Reading »
To go by the words of Confederation of Real Estate Developers Association of India (Credai), Hyderabad would continue to attract good interest in real estate activity and is very much capable of withstanding and thwarting any competition from Tier II locations in the event of state’s bifurcation. The general secretary of Credai, Mr. Ram Reddy, in his interaction with the [...] Continue Reading »
The Hyderabad chapter of Confederation of Real Estate Developers Association of India (CREDAI) has announced to organize a three day property show ‘Hyderabad Property Show-2014’ from February 28 at Jalavihar, Necklace Road. CREDAI Hyderabad president N Jaiveer Reddy and general secretary S Ram Reddy while interacting with the mediapersons here said that over 100 developers [...] Continue Reading »
Standard Chartered Bank is looking to reduce the commercial real estate exposure in India after receiving a mandate from global regulators to cut exposure towards the underperforming sectors in the country by June 2014. The bank has been reaching out to borrowers through their relationship managers to close these credit limits. The bank’s current exposure [...] Continue Reading »
Mixed land use policy has been approved in Noida by the authorities on Wednesday. Thus, allowing commercial activities in residential sectors. As per the proposal, the commercial activities will be allowed in residential areas where the width of roads is 24 meters or above. The activities like hospitals, banks, schools, ATM kiosks, Guest Houses and [...] Continue Reading »
