Realty News
The bottom line of real estate developer DLF may not be significantly impacted by stake sale in Aman resorts. In the past one year, DLF’s stock has decreased by nearly 50% mainly because of company’s lacklustre operational and financial performance. The demand in NCR is not very healthy due to subdued macro environment. The company [...] Continue Reading »
To enable economically weaker sections of the society to build their house, The Himachal government is planning to amend the “Town and Country Planning Act” to give relaxation in the minimum plot size. This would help people to construct houses on the small 2 biswa plots. While replying to a query by Maheshwar Singh during [...] Continue Reading »
The PWD and Industries Minister of Haryana, Mr. Randeep Singh Surjewala has confirmed that the National Highway Authority of India (NHAI) has approved the four-laning of the 96-km Kaithal -Ambala stretch under the Highway Development Programme. The agency has invited proposals for the 724 Crore project that will be implemented on NH-65. The last date [...] Continue Reading »
Maharashtra environment department’s January 30 circular has raised concerns among builders that they may have to face even more red tape and delay in procuring green clearances for large building projects. The new circular stipulates that builders must now mandatorily get their projects approved by the BMC first and only then approach the environment department for clearance. Currently, the developers [...] Continue Reading »
Tata Housing Finance has announced lower rates for women home loan borrowers. The company competes with various financial institutions which offer special loans for women. The company issued a statement that for loan up to 40 Lakhs the rates will be 10.15% for women, while for other borrowers it will be 10.45%. The company stated [...] Continue Reading »
Shruti Manchanda, daughter of Infosys CEO SD Shibulal is set to expand her hospitality venture, Tamara with an investment of Rs. 150 Crores. Manchanda owns slightly less than one per cent stake in Infosys, which is worth Rs. 1,350 crore. She plans to invest up to Rs. 150 crore in her venture to set up [...] Continue Reading »
Hindustan Construction Company (HCC) has received orders worth Rs 725 crore to execute projects in road construction, water, nuclear and industrial segments. The largest of the chunk is an order worth Rs 433 crore from Bihar Rajya Pul Nirman Nigam to build a 2.9 km bridge in Bihar over the Sone River connecting Daudnagar and [...] Continue Reading »
DLF, India’s largest realty firm, said on Monday that following the scrapping of Rs. 6000 Crore project that it had bagged from the DDA in July 2007, it had received a refund of Rs. 675.81 Crores from the agency. DLF would now have to return the 35 Acres of land that it received from DDA [...] Continue Reading »
Famed realty developer, the Lodha group has repaid the debt it took in early 2012. The debt was taken by issuing Non-Convertible Debentures (NCDs) in the early 2012. Many retail investors and large institutions including Citigroup, Kotak Mahindra Bank and Deutsche Bank formed a consortium to invest in these privately-placed debentures. Abhinandan Lodha, deputy Managing [...] Continue Reading »
The Haryana government approved Reliance Industries’ proposal to opt out of an SEZ in Gurgaon and said it will reimburse R343 crore, lower than the R1,172 crore demanded by the company, for taking back the land. CM Bhupinder Singh Hooda told reporters the proposal of RIL was approved by the state Cabinet at its meeting. [...] Continue Reading »
