Realty News
Apartment builders are here facing great difficulty in procuring sand for construction activity due to the State Government’s indecision over the sand mining issue. According to members of the Visakha Apartment Builders Association (VABA), construction work at a few hundred sites in the city has come to a standstill for the past one-month or so. [...] Continue Reading »
Real estate developer Navin’s is considering the franchising model to expand its operations outside Chennai. It has completed 100 projects across the city, and is drawing up the strategy to build properties in Coimbatore, Trichy, Bangalore, and Visakhapatnam in the next three years. The franchising model is still at the concept stage. But that may [...] Continue Reading »
The GMR group is planning to set up an aerospace training centre in Hyderabad on the lines of the one established by Morocco. With the help of French multi-national firm Safran, the group has sent a team to the African country to study the model adopted by it. It has sought the help of Telangana [...] Continue Reading »
The Sensex and the Nifty plunged nearly 1.4 percent at the closing session as investors turned wary ahead of the Federal Reserve two-day policy meeting. Investors braced for a possible hawkish shift in the Federal Reserve’s policy stance in the lead-up to the US central bank’s two-day policy meeting later in the day. The 30-share [...] Continue Reading »
Road transport and highways minister Nitin Gadkari on Monday said his ministry was reviewing a proposal to further ease the exit policy for the sector, as demanded by the highway builders’ association and supported strongly by the National Highways Authority of India. The move comes after NHAI chairman RP Singh wrote to Vijay Chhibber, secretary [...] Continue Reading »
There was no relief from the Bombay high court for Kalpataru Properties in a mega redevelopment project in Kandivli. A division bench of Justice S J Vazifdar and Revati Dhere refused to grant an interim order seeking the appointment of a court receiver and restraining Majhitia Nagar cooperative society from assigning the project to another [...] Continue Reading »
In a sign of increasing the economic and investment ties between New Delhi and Beijing, China’s president Xi Jinping, who is scheduled to start his India visit from September 17, is likely to sign major investment deals in industrial parks, infrastructure, energy and railways sectors. Chinese embassy officials in New Delhi said, Xi is expected [...] Continue Reading »
Completing its probe into ‘chit fund scam‘ of 14 Saradha group firms, SFIO on Monday said these companies have been found to be running ‘Ponzi schemes’ and would face prosecution for violation of several laws. The investigation concluded that the group was using collections from new investors to make payments to the previously enrolled members, [...] Continue Reading »
The annual listing of ET 500 reflects the ever evolving picture of the Indian corporate world, with companies striving to inch up the ranking ladder. The pecking order at the top of the ET500 ranking remained almost unchanged with the top four petroleum majors reigning supreme. While Reliance Industries retained its apex position as the [...] Continue Reading »
Delhi government much-delayed Signature Bridge project at Wazirabad, being built at a cost of Rs 1,131 crore, has hit a rocky patch, quite literally. The Delhi Tourism & Transportation Development Corporation (DTTDC) is now trying hard to get past this hurdle to deliver on the renewed deadline of September 2015. With the machines required to [...] Continue Reading »
