Realty News
Road transport minister Nitin Gadkari has said awarding contracts to build roads through the engineering, procurement and construction (EPC) route would revive the confidence of private developers. Following this, he feels, the public-private partnership mode would gain currency automatically. Gadkari said this during an interview, when asked whether the road ministry’s recent preference for EPC [...] Continue Reading »
In what could come as a relief to real estate players, the government committed to ensure the Real Estate Bill won’t have over-regulatory provisions but would remove “mistrust” between developers and buyers. Housing minister Venkaiah Naidu said this move would enable the growth of real estate sector that has huge employment potential. He added that [...] Continue Reading »
Clearing the decks for land acquisition under the UPA-enacted land acquisition law, the NDA government has notified the rules for its implementation. The new rules notified last month, while bringing clarity in the process of social impact assessment and reducing the scope for litigations, also addresses some of the concerns of the industry. Under the [...] Continue Reading »
During the course of a recent interview with Business Standard, Tata Housing Managing Director and CEO Brotin Banerjee has projected that the ‘online’ platform will apparently become a preferred platform for property transactions in the coming years. Banerjee said that, over the period of next 3-5 years, at least 30 percent of the sales of [...] Continue Reading »
India’s second largest software services firm Infosys has signed a contract with commercial real estate developer Skanska Property for leasing its office space for 10 years, the biggest such transaction in Poland this year. The expansion comes in the wake of Infosys is planning to expand the workforce at Lodz delivery centre by 500 people. [...] Continue Reading »
The Real Estate (Development and Regulation) Bill will not seek to strangulate the sector, Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu said on Friday. The proposed Bill, which aims to protect consumer interest and introduce standardisation in business practices and transactions in the sector, will be presented in the Winter Session of [...] Continue Reading »
Gorkhaland Territorial Administration (GTA) chief Bimal Gurung today announced that the autonomous body has planned a ‘Hamro Ghar‘ (our house) project as an annual scheme designed for underprivileged people residing in the GTA areas. It is a new scheme projected by the GTA that will be implemented all the 45 constituencies of the GTA for [...] Continue Reading »
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in connection with the alleged multi-crore Saradha chit fund scam. CBI examined Nalini, a Supreme Court lawyer, yesterday evening in Chennai in connection with the legal fee paid to her by the Saradha group, official sources said here. The sources said [...] Continue Reading »
Foreign direct investment in the services sector rose marginally to $1.03 billion during the April-July period of the ongoing fiscal, according to the Department of Industrial Policy and Promotion data. The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $1.02 billion during the first four months of [...] Continue Reading »
The rapid rise in the stock market since the new government was formed has taken the sheen off real estate, where investments have not only dropped but investors are trying to monetise their existing assets, creating a scare of price correction. While the stock market has risen by over 12 percent since May 26 when [...] Continue Reading »
