Realty News
In a move that promises to provide a breather to farmhouse owners in the Capital, the Delhi Development Authority (DDA) plans to extend the date to regularise these till June next year. The farmhouse regularisation policy was notified last year and the deadline ends on September 20, 2014. Only 45 farmhouses have been regularised in [...] Continue Reading »
In a recent report, property consultant Cushman & Wakefield (C&W) has revealed that, in the last three years or so, a total investment of approximately Rs. 2,500 crore has been made by multi-national firms to purchase office space in India rather than lease it. According to C&W, the apparent reason behind the decision of an [...] Continue Reading »
Finance Minister Arun Jaitley has recently tasked a high-level panel led by Finance Secretary Arvind Mayaram to sketch out a new framework to facilitate Non-Resident Indians (NRIs) to make investments in the country. The Centre’s efforts in having a new framework outlined for NRI investments in India is an apparent indication of the fact that [...] Continue Reading »
On the sideline of IRB Infrastructure Developers’ 16th Annual General Meeting recently held in Mumbai, the toll-road company’s Chairman and Managing Director Virendra Mhaiskar said that IRB is eyeing nearly 300 kms of road contracts out of the around 3,500 kms of road projects which the National Highways Authority of India ( NHAI) is likely [...] Continue Reading »
The Union Government has apparently decided to commence negotiations with Peru to work out a free-trade agreement (FTA) with the country. The move will give a notable boost to the bilateral relations between India and Peru, and will also make Peru a gateway for the expansion of India’s trade and investment alliances, particularly in the [...] Continue Reading »
The final investigation report pertaining to the Saradha scam has been submitted to the Government’s Corporate Affairs Ministry by the Serious Fraud Investigation Office (SFIO). The submission of the report comes after the SFIO’s year-long investigation into the scam, in which thousands of crores of rupees were swindled from lakhs of investors in West Bengal, [...] Continue Reading »
The Centre has formed a committee to simplify forms and the process for central government employees to file details of their assets and liabilities along with that of their spouses and dependent children as mandated by the Lokpal Act. The committee, formed by the Department of Personnel and Training (DoPT), will examine the forms prescribed [...] Continue Reading »
India’s multi-millionaires prefer to buy their second homes in leading global financial centres, including London, New York and Singapore, says a report. According to a report by New World Wealth, the bulk of London’s second home buyers come from the rest of the UK and Europe and a substantial number also came from China, India, [...] Continue Reading »
Multi-national firms have invested nearly Rs 2,500 crore in fewer than three years to buy office space in India as against leasing it, property consultant Cushman & Wakefield said. With rising rents in prime markets where MNCs operate, the consultant said that there is cost benefit in the long term in buying office spaces rather [...] Continue Reading »
Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 percent and improve cash-flows for faster execution of ongoing projects, company’s chairman Ramesh Chandra has said. Unitech currently has over 100 ongoing projects, totalling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900 crore at the [...] Continue Reading »
