Realty News
Even after seven years, the HP Public Works Department (PWD) has failed to complete the construction of a flyover in the heart of the town. The construction of the Rs 5-crore flyover project was taken up seven years ago by the national highway wing of the HP PWD to ease traffic in the town and [...] Continue Reading »
Shares of GMR Infrastructure and Usha Martin will be tracked keenly by market men as these company boards meet on Tuesday to consider a rights issue. The infrastructure developer, which has interests in airports, energy and highways, did not specify the amount it was looking to raise. GMR recently had raised ₹1,478 crore through an [...] Continue Reading »
Kalyan-Dombivli, in the outskirts of Mumbai, comes under Kalyan-Dombivli Municipal Corporation (KDMC) and forms a part of Mumbai Metropolitan Region (MMR). The area’s realty market is witnessing boom mainly because of the increasing property values in other suburbs. Another reason quoted for the growth is the increasing demand for affordable housing in Mumbai. According [...] Continue Reading »
The Government is all set to roll out Rs 2 lakh crore worth of infrastructure projects this year. “We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles. Road Transport and Highways Minister Nitin Gadari addressing the annual convention of Society of Indian [...] Continue Reading »
State-run road development corporation MSRDC is looking at funding from Japan International Cooperation Agency (JICA) for the ambitious Rs 5,975-crore Bandra-Versova sea link project. The JICA has been funding major infrastructure projects in the country at lower interest rates. To give pace to our ambitious 9.3-km Bandra-Versova sea link project, we will seek funding from [...] Continue Reading »
With almost 300-mega projects worth about Rs 15 lakh crore remaining stalled due to delay in clearances, PM Narendra Modi on Friday directed all ministries to monitor online the progress of infrastructure development, including foreign ventures of state-owned undertakings. Since the government has approved 100 percent FDI in railways, Modi asked the ministry to come [...] Continue Reading »
The overall deal activities fell drastically to $1.6 billion in value terms in August, with the Indian companies conducting 95 deals during the month. This compares with $8.39 billion in July across 110 deals, which had some large deals such as Reliance-Jaypee, Diageo-United spirits and PE deals including investment in Flipkart, according to Grant Thornton [...] Continue Reading »
In order to capitalize upon the opportunity offered by Prime Minister Narendra Modi’s ambitious plan of “Housing for all by 2022“, real estate developers are convening a series of meetings with states and central ministers, decision makers, and government officials. This augurs well for the real estate sector as a whole and is likely to [...] Continue Reading »
G Anand, a resident of Andheri, in Mumbai, recently found himself in the unenviable position of having to shift out of his rented house. Other than the expenses involved in finding a new house, packing and transporting his possessions, Anand was worried about the broker’s fee that he would have to incur, which is generally [...] Continue Reading »
Chinese president Xi Jinping will bring along with him $100 billion or Rs 6 lakh crore of investment commitments over five years during his upcoming India visit next week. This is nearly thrice the $35 billion secured by Prime Minister Narendra Modi during his Japan trip. Jinping will land in Modi’s home state Gujarat on [...] Continue Reading »
