Realty News
With the fresh elections in Delhi emerging as a big possibility, the BJP legislators are eyeing unauthorised colonies as a potential vote bank. Last Monday, several numbers of BJP MLAs and councillors held a meeting with the officials of the urban development department and the municipal corporations. The delegation demanded that residents whose colony falls [...] Continue Reading »
Telangana Government Chief Secretary Rajeev Sharma on Monday met Central Government representatives and apprised them of the progress the L&T Metro Rail Hyderabad project has made so far. Accompanied by BV Papa Rao, Advisor to Telangana Government, the CS met with Union Cabinet Secretary and Principal Secretary to the Prime Minister and briefed them about [...] Continue Reading »
German bank, KFW, keen to finance up to Rs 4,500 crore for Phase-2. Bangalore Metro Rail Corporation Limited (BMRCL), the agency implementing the metro rail project in Bangalore, is likely to miss yet another deadline for the completion of first phase of the project. The 42.3-km stretch of Phase-1 will now be completed only by [...] Continue Reading »
The Delhi Development Authority has been asked to pay Rs 50,000 compensation to a woman over a flat, whose allotment was cancelled, while noting that she was not informed in a proper manner. New Delhi District Consumer Disputes Redressal Forum, presided by C K Chaturvedi, asked DDA to pay the money to one Rekha Raghav, [...] Continue Reading »
Mumbai will be sister city to China’s Shanghai according to a bilateral agreement that has been signed on Thursday between Mumbai mayor and her counterpart in Shanghai. Experts said that while this is a positive announcement for Mumbai but most important is that in realty the infrastructure change is made as per Sanghai standards and [...] Continue Reading »
At a recently-held meeting in New Delhi, the Committee on Public Undertakings – which is a key Parliamentary financial committee – floated the idea of bringing the National Highway Authority of India (NHAI) under its supervision. About the proposal to bring the NHAI under its oversight, the Committee heard out the standpoints of the Ministry [...] Continue Reading »
For the restoration of the badly damaged National Highway 52 (A), which was recently devastated during a flash flood, the Union Ministry of Road Transport and Highways (MoRTH) has agreed to provide immediate funding. The NH 52(A) connects Itanagar and Banderdewa. An official release from the MoRTH has revealed that the funds for the restoration [...] Continue Reading »
Kochi Metro Rail Limited (KMRL) has revealed in a recent statement that the detailed project report (DPR) of the Kochi Metro Rail Phase-II will be submitted shortly. The project involves the expansion of the reach of Kochi Metro to Cochin International Airport and Angamaly town. According to the details shared by the KMRL, the DPR of the Kochi Metro Rail [...] Continue Reading »
Vinisha Khiara and her husband Gautam, hoteliers in the UAE, already own an apartment in their hometown Mumbai and are keen to invest in properties in India that would fetch them handsome return on investment (RoI) five years from now. The enterprising couple, after some good research and bargaining, recently picked up three apartments in [...] Continue Reading »
Realty firm Parsvnath Developers has sold 140-acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects. With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012. [...] Continue Reading »
