Realty News
Reto Wittwer has spent almost two decades as President and CEO of Kempinski Hotels, the Geneva-headquartered luxury hotel group. Established in 1897 in Berlin, Kempinski Hotels is Europe’s oldest luxury hotel collection of 73 five star properties spread over 30 countries worldwide. A self-proclaimed rebel, Wittwer started his career at The Westin Palace Hotel, Madrid [...] Continue Reading »
A year after starting the tendering process for the Colaba-Bandra-Seepz Metro, billed to be the country’s longest underground Metro rail corridor, the Mumbai Metro Rail Corporation (MMRC) has now finalised a list of nine consortia eligible for financial bidding after scrutinising pre-qualification tenders. Intending to finalise contracts and start work by the year-end, the MMRC [...] Continue Reading »
In a case related to the development of the Kochi metro rail project, the Competition Commission of India (CCI) has given a verdict in favour of the government bodies. The CCI has rejected the charges of unfair trade practices against Ministry of Urban Development, Delhi Metro Rail Corp (DMRC) and Kochi Metro Rail Ltd. A [...] Continue Reading »
On Thursday, the total investment limits offered at an auction organised in Mumbai were Rs 3,117 crore (around $520 million) and FPIs (Foreign Portfolio Investors) were ready to pay premium as high as 8 bps. The Securities and Exchange Board of India (SEBI) auctions the investment limits in government bonds once foreign investors have exhausted [...] Continue Reading »
Chief Minister of Puducherry (Popularly known as Pondicherry) N Rangasamy discussed in the assembly today the contours of the ‘’housing for economically weaker sections in his union territory (U.T). He declared that under the Prime Minister Narendra Modi’s ambitious ‘ Jandhan Yojana‘ scheme, the Puducherry Government has planned to cover over three lakh homes. The [...] Continue Reading »
France plans to offer its expertise in urban development to build the new age cities in India. When the NaMo government announced the plans to make 100 smart cities in the country, this European country quickly jumped to the business opportunity and contacted the officials in India to express its interest. A team of officials [...] Continue Reading »
Ever since the NaMo government has taken charge in the center, the media is buzzing with the news of 100 smart cities. The government had announced a plan to develop 100 smart cities to provide better amenities in the urban areas and develop the tier II and tier III cities to reduce the load from [...] Continue Reading »
In a city starved of affordable housing, being allotted a DDA flat in the Capital is nothing short of winning a lottery. If you are lucky to make it in the draw, you get a Delhi address at half the market rate. You don’t have to worry about the legality of the property because the [...] Continue Reading »
Five years after the Indian Hotels Company (IHCL) acquired the landmark Sea Rock Hotel in Mumbai’s western suburb of Bandra, its plan to redevelop the asset and integrate it with the nearby Taj Land’s End still remains on paper. The project, said chairman Cyrus Mistry at IHCL’s 113th annual shareholders’ meeting, has been delayed because [...] Continue Reading »
A call for the inclusion of 10 western Uttar Pradesh districts into the national capital territory is steadily eclipsing the demand for Harit Pradesh that never found favour with the BJP. Ghaziabad, Meerut, Gautam Budh Nagar, Muzaffarnagar, Saharanpur, Shamli, Baghpat, Bijnor, Bulandshahar and Hapur — all approximately within a 100-kilometre radius of Delhi NCR — [...] Continue Reading »
