Realty News
In New Delhi the Narendra Modi government, chief ministers, top realty honchos, urban planners, private equity firms, bureaucrats and bankers are meeting for a 2 day conclave. They want to come up with a solution to the most annoying of all problems- finding a decent home for all the Indian citizens. This has been a part [...] Continue Reading »
The state’s nodal land acquisition agency Odisha Industrial Infrastructure Development Corporation (IDCO) has hit back at the Comptroller & Auditor General of India (CAG). This was pertaining to its report on irregular land allotment to the industries and IDCO was not happy with the results which it had published. The CAG had found IDCO guilty for irregularly conferring mortgage rights in [...] Continue Reading »
In New Delhi the realty investors are preferring to buy pre-owned residential properties and independent plots. This happened in the backdrop of consumer resentment at the developers in the new or under-construction projects. The developers mostly delay the projects and do not deliver all the amenities which they had promised during the pre-launch phase. This trend [...] Continue Reading »
There is some good news for India Inc. as our home grown company Tata Group under the chairmanship of Cyrus Mistry, saw a record capital expenditure of Rs 95,634 crore on organic growth. This is the data for 2013-14 which is the first full year for Mistry as a chairman for the group and the amount [...] Continue Reading »
When the Finance Minister Arun Jaitley presented his maiden budget on July 10 this year, there was a lot of expectation in the real estate and infrastructure sector as they were hoping that the new government will take measures to give a boost to these ailing sectors. This year’s budget saw the amendments enacted in [...] Continue Reading »
The former Ranbaxy CEO DS Brar who is currently the chairman of GVK Bio, is close to buying a bungalow in Delhi’s posh Sunder Nagar. Homes in this leafy Lutyens’ zone neighbourhood cost in the region of Rs 100 crore and is preferred by the who’s who of the nation. The Jain family, which runs [...] Continue Reading »
Delhi Metro is rushing to complete the tunnelling work for its two new corridors as now it has to abide by the deadline of 2016. This news will give some sigh of relief to the Delhiites as on Wednesday, the DMRC announced that the tunnelling work between Netaji Subhash Place and Shalimar Bagh on the [...] Continue Reading »
In DDA’s 2014 housing scheme, out of the 25,000 flats, over 10,000 are in Rohini’s sectors 34 and 35. The DDA’s official deadline is March next year, and a majority of them are unlikely to be handed over by the deadline. Barwala villagers had filed a number of cases against DDA claiming that their land was acquired [...] Continue Reading »
The Delhi Metro Rail Corporation (DMRC) has revealed, in response to an RTI (Right to Information) query that most of its Metro connectivity hubs in Noida are still at a planning stage. This is due to the fact that the approvals and fund allocation from the Centre is still pending. Unfortunately the hopes of Noida [...] Continue Reading »
On Wednesday, the Noida authority lodged an FIR against the real estate firm Pratham Builders under the sections of fraud, illegal use of government land and sand mining at Sector 58 police station. On Wednesday, the Noida police arrested eight people, who were found illegally mining sand on its project site at Sector 122. They [...] Continue Reading »
