Realty News
The Odhisha government is worried about land mafia and influential people grabbing vast stretches of government land in prime locations in the Bhubaneshwar. City management group (CMG), consisting of consisting of officers of different government agencies and police, recently met to express concerns over encroachments. Injeti Srinivas, development commissioner asked National Informatics Centre (NIC) to [...] Continue Reading »
Jones Lang LaSalle, a Global real estate services firm, raised Rs 161 crore. The fund is focused on residential sector in India — Residential Opportunities Fund I – and is a six-year, close-ended private equity fund. It will invest Rs. 25-30 crore and target 25-30% returns, informed a senior executive. The fund will be will [...] Continue Reading »
Supreme Court had earlier asked Sahara group companies to give bank transaction details of Rs 20,000-odd crore which they claimed to have refunded to investors. On August 31, 2012, Sahara Real Estate and Sahara Housing received direction from the Supreme Court to return more than Rs 24,000 crore to investors. The group on Tuesday said [...] Continue Reading »
Residex, an index released every quarter by the National Housing Bank (NHB) with technical support from RBI, indicates that real estate prices have shown an increase in 16 out of 26 cities. The index is the most authoritative residential housing price index. The indication is that the prices may be finally bottoming out. Delhi and [...] Continue Reading »
Five industrial estates across the State will be set up by the Tamil Nadu Small Industries Development Corporation (SIDCO) this year, informed P. Mohan, Rural Industries Minister. Mostly backward districts – Nesampadi and Vallur in Dharmapuri district, Pattanam and Kattuvannanjur in Villupuram district and in Cuddalore – will have industrial estates. The industrial estates will [...] Continue Reading »
Governor M K Narayanan mentioned that West Bangal has received industrial investment proposals worth 1.2 lakh crore. He was inaugurating the State Assembly’s budget session on Monday. Total investment ‘implemented and proposed’ in all the sectors in the state was over Rs. 1.4 Lakh crores, he says. He estimates that 3.5 lakh jobs can be [...] Continue Reading »
A repeat land acquisition notice has been issued by BMC to a home for the dying and destitute in Santa Cruz. The notice requires them surrender part of its compound for road-widening. The activists, however, point out that the traffic bottleneck is near the station, not the hospice. Providing shelter to 65 mentally disabled inmates [...] Continue Reading »
The areas of Koramangala, Sarjapur, HAL, which weren’t yet connected will be covered by 133 km phase 3 of metro. Bangalore Metro Rail Corporation Limited (BMRCL) has begun the ground work for Phase III. RITES, an engineering consultancy firm, will prepare a detailed project report (DPR) one of the five routes proposed under the new [...] Continue Reading »
Non-cyclical consumer facing businesses is where the Tata group is putting more money. Trent, Infinity Retail, Tata Capital and Tata Housing is going to receive fresh equity of about Rs 2,500 crore over three years. The group, largely involved in manufacturing and technology, is now shifting focus to new businesses. The fact that Indian households [...] Continue Reading »
Noida, Greater Noida and Yamuna industrial development authorities are set to present their annual budget on Wednesday. The Noida authority allotted a total budget of Rs 9,200 crore for the year 2014-15, according to sources. More than Rs 3,000 crore could be allocated by Yamuna Expressway Industrial Development Authority (YEIDA) and Greater Noida is likely [...] Continue Reading »
