Realty News
Ghaziabad is fast becoming one of the hot spots of real estate growth in India. The reason being concerted effort put up by Ghaziabad Development Authority (GDA), UP Awas Vikas, the municipal authorities and various private developers to improve the social and physical infrastructure of the city . The city has witnessed an appreciation of [...] Continue Reading »
In the wake of rising urbanistaion, the state revenue department is planning a policy to regulate urbanization and create special squads to keep illegal construction under control. When asked question related to illegal constructions, revenue minister Balasaheb Thorat told that a comprehensive policy will be announced in the next three months. He said the proposal [...] Continue Reading »
Tata Housing has announced that it is planning to launch eight to 10 projects in the country this financial year in spite of overall slump in the sector. Under its affordable housing segment, ‘Smart Value Homes’, Tata Housing has forayed into Gujarat by launching Shubh Griha in Ahmedabad. Along with its domestic operations, it has [...] Continue Reading »
A lot of buyers find themselves in a fix before buying a flat because the developer does not hand over the project to the tenants despite its completion. Many factors can be behind this – there might not be a registered housing society, developer may not have received the occupancy certificate (OC) from the civic [...] Continue Reading »
Due to an exceptional income of Rs 607 crore from properties sale, Hindustan Unilever said its net profit soared over two-fold to Rs.1, 331.19 crore for the quarter ended June 30 this year. The company has announced a net profit of Rs 627.16 crore for the same period previous fiscal. Company’s net sales surged to [...] Continue Reading »
The leading UK-based industrialist The Hinduja Group has announced its entry into the real estate industry of India. The group with a global presence in core sectors like oil and gas, automotive, power, IT, banking and finance announced an investment of up to $ 15 billion in Indian realty. The group has already acquired a [...] Continue Reading »
The pool of ministers in Haryana is soon to introduce a land pool scheme for land acquired by state agencies. The new move comes in the wake of complaints raised by the landowners of receiving inadequate compensation by the government As per the new initiative from government the landowner whose land is acquired for the [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
Fitch Ratings has upgraded Ansal Housing and Construction Ltd’s long-term rating and declared it stable. The rating comes as a good sign to the real estate industry as Ansal has been one of the major and reliable players with over two-decade experience in the domestic real estate business. The rating reflects regular servicing of term [...] Continue Reading »
In the first instance of its kind, the officials of a private developer firm have been arrested following complaints from buyers.The directors of Pal Infrastructure and Developers Pvt. Ltd were arrested on charges of fraud in their Faridabad project. As per the complaints, the builders started the construction work in 2006 without obtaining a license [...] Continue Reading »
