Realty News
Ramky Group came under fire from Bruhat Bengaluru Mahanagara Palike (BBMP). BBMP Mayor Venkatesh Murthy has committed to initiate criminal action against the Ramky group for serious violations of contractual obligations. The violations include non-compliance with various environmental and social standards and for contaminating soil and water in Mavallipura and surrounding villages. The mayor conceded [...] Continue Reading »
Greater Noida Industrial Development Authority (GNIDA) has ordered developers to resume construction work in Noida Extension with immediate effect. As all per-conditions to resume construction work in the area have been finally met, the Authority has also asked developers to start paying their due installments for the period between October 21, 2011 and August 2012 [...] Continue Reading »
Shortage of lands seems to cease being a problem for building affordable houses in Ahmedabad. 790 acres of land acquired under Urban Land (Ceiling and Regulation) Act(ULCRA) for developing houses for the urban poor and middle class in Ahmedabad had been lying unutilised for decades and now authorities are planning to come up with housing [...] Continue Reading »
State-run Housing and Urban Development Corporation (HUDCO) has declared to restart lending for home purchases with the launch of a competitively priced product. The new product has been dubbed as the most competitive home loan product available for salaried individuals. Interest rate on the product beats the 10.25 per cent of the largest lender in [...] Continue Reading »
Around 100,000 home buyers in Noida Extension, stuck in a land controversy since May 2011 can expect a faster delivery of their units as National Capital Region Planning Board (NCRPB) has approved the draft Master Plan 2021 of Greater Noida Authority. Around 30 projects had been stuck in the area. NCRPB has sent its letter [...] Continue Reading »
Despite a slowdown in the real estate sector, Mumbai – based Lakshachandi Realty has stated that it expects a 25 per cent increase in revenue in the current fiscal. The company identifies their success is due to timely execution of its projects. The realty firm had earned revenues of Rs 250 crore in the last [...] Continue Reading »
Jones Lang LaSalle, world’s second-largest property consultant, predicts growth in India’s property market is expected to fall to less than 5 per cent over the next 12 months. In an interview with Reuters, president and global chief executive officer of JLL stated that the market looks grim compared with an annual growth rate of 17 [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
The country’s largest real estate firm DLF has decided to end its five-year long association with the Indian Premier League (IPL). The title sponsor of IPL did not renew its contract that was due by last month. DLF sources said that the company will promote other sports and is currently exploring various such platforms for [...] Continue Reading »
Manesar, the industrial hub in Haryana that houses several automobile factories has a huge demand for residential units. However, there is very less number of houses which are ready to shift into right away. There is a shortage of houses and the recent unrest at the Maruti Manesar factory has made the situation worse. Residential [...] Continue Reading »
