Realty News
Japanese real estate giant Tama Home is all set to enter the Indian real estate market as the company announced its plans to develop 18 projects in the near future. Tama Home is likely to team up with Singapore based Developer group, which is a 100% FDI company active in the Indian real estate segment. [...] Continue Reading »
In 1959, Chennai took to the skies with their 15-storied LIC building becoming the tallest building in India. Two years later, the Usha Kiran building rose to 80 meters to wrestle that title away. Now that the Chennai Metropolitan Development Authority (CMDA) has done away with the decades old 60-meter height restriction, the growth spurt [...] Continue Reading »
Change to Land act which has been instrumental in stalling of various real estate projects is likely to come up in the winter session of parliament. The government had promised amendments in the land acquisition act to make it balanced for both land sellers and developers. The new change to land act is likely to [...] Continue Reading »
The Indian stock markets has been on a dream Bull Run cycle with both the Sensex and Nifty50 reaching their record highs. Such has been the positive impetus of the Indian stock markets that the Bombay Stock Exchange or BSE has been one of the best performing global indexes in recent times. Amid all the [...] Continue Reading »
Just like Smartphone have changed the world of telecommunication and the way people connected with each other; Smart Cities are going to offer a game changing scenario for the real estate sector. With the Narendra Modi led government announcing its plans to build over 100 smart cities, some projects have already taken a lead becoming [...] Continue Reading »
Forum Group, Kolkata based real estate giant and a well known name in the commercial and residential infrastructure sector has announced its plans to begin work on a shopping mall and office space in Bhubaneswar. The project titled ‘Esplanade by ‘Forum’ is likely to offer more than 2.5 Lakh square feet to office space, 4 [...] Continue Reading »
The Chennai Metro rail project accomplished one of its significant landmarks as it managed to complete work on the underground tunnel on the Shenoy Nagar-Thirumangalam stretch. The 2.797km long, was completed a couple of days ago while work is on for completing a second parallel tunnel for the project. The significance of the underground tunnel [...] Continue Reading »
As the central union cabinet approved the relaxation of FDI norms in real estate and constructions, stocks of nearly all real estate companies surged amid the Bull Run in the stock markets. The new rules have reduced the minimum built up area requirement to 20,000 square meters from 50,000 square meters while the minimum capital [...] Continue Reading »
Puravankara Projects Ltd one of the well known real estate companies prevalent in South India has announced its plans to launch Purva Evoq, a premium residential project in south Chennai. Considered to be a first-of-its kind contemporary residential project located in the up market residential area of Guindy, Purva Evoq once completed witll boost of [...] Continue Reading »
The central government paved way for inflow of foreign investment in the construction and real estate sector by easing the foreign direct investment (FDI) policy in the sector. The measures first announced in the union budget after the formation of the new NDA government were finally approved by the union cabinet. Seen as a part [...] Continue Reading »
