Realty News
Alternative methods of providing a home to them need to be implemented in urban areas to provide housing to EWS (economically weaker section) and LIG (low income group) categories. Cushman & Wakefield and Credai conducted a study, Housing: The Game Changer, according to which, 62.45 million units need to be built to fill the demand [...] Continue Reading »
Chief Minister of Himachal Pradesh, Mr. Virbhadra Singh on Wednesday laid the foundation stone of the IT Park at Jagrandal in the Dharamsala Assembly constituency. After Waknaghat near Shimla, this is the second time that government has identified land for the IT Park. The Minister for Housing and Urban Development, Sudhir Sharma, who represents Dharamsala [...] Continue Reading »
In another bid to ease off traffic at major shopping destinations in New Delhi, the New Delhi Municipal Council (NDMC) is planning to link underground parking lots and the markets through the underground car-corridors. The sites already identified by the council include Khan Market, Gole Market and INA/ Dilli Haat area. NDMC Chairman, Jalaj Shrivastava [...] Continue Reading »
The commercial real estate in India was adversely affected due to economic slowdown and corporate downsizing their operations in 2013. High rentals, inappropriate design layout and an immense oversupply have added insult to injury. International property consultancy firm Regus saw this as an opportunity to innovate and introduced plug-and-play model. The clients get to use [...] Continue Reading »
Canada Pension Plan Investment Board (CPPIB) and Piramal Enterprises have equally invested in a $500-million fund to finance residential property projects in India. The venture will focus on providing project-level debt to local developers for residential developments in Mumbai, Delhi NCR, Bangalore, Pune and Chennai. These cities have good civic infrastructure, strong employment and population [...] Continue Reading »
Simplex Constructions, Navyug Constructions and Seagle India have shown interest in undertaking the eight-lane Ferozepur Road in Ludhiana. These bidders want certain conditions to be met by the civic body. The asked the MC to provide bank guarantee and help in getting no objection certificates (NOCs) from all departments. The civic body refused to meet [...] Continue Reading »
In Sector 10, over 11 acres, land worth crores of rupees is lying unguarded and, in fact, wasted. It is opposite to district headquarters. The land has become a spot for anti-social elements. As the land is located in a prime area the market rate is estimated to be between Rs 60,000 and Rs 70,000 [...] Continue Reading »
USD 275 million loan will be provided by Asia Development Bank to five states for improving rural road connectivity. The five states are Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. Finance Ministry informed that the loan agreement has been signed. The loan is actually a part of Rural Connectivity Investment Programme, the total of [...] Continue Reading »
Instead of acquiring land from owners, the Kerala state government is exploring the option of purchasing land directly from the owners by registering the title deed for the Kochi Metro Rail project. There are concerns that if the land is acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement [...] Continue Reading »
Makers of Victoria’s Secret lingerie, Limited Brands, is going to establish its first-ever global in-house centre (GIC) in Bangalore. The US firm has other brands – Pink, Bath & Body Works, Henri Bendel and La Senza. The centre will provide data analytics, which will help the organisation to analyze vast quantities of customer and retail [...] Continue Reading »
