Realty News
Despite the obvious difficulties of acquiring land for the new capital via land pooling, the AP government seems reluctant about utilizing the readily available forestland in Krishna district. According to a report sent by the district administration, a large extent of degraded forest land is available at different locations. About 2,200 acres is available in [...] Continue Reading »
Lanco Infratech, which has interests in infrastructure, power and realty segments, retrenched 30 percent of its 5,700 workforce in the last financial year due to slowdown in development of some of its projects amid subdued market conditions. According to the latest annual report of the infra major, the group, which had a workforce of 5,700 [...] Continue Reading »
India’s top lenders, impatient with the delays in cash-strapped Lanco Infratech asset-disposal programme, are planning to take direct charge of the process to ensure they get what was owed to them, while providing fresh loans to get projects that have been stuck for various reasons moving again, according to an internal note. The banks, which [...] Continue Reading »
Arjun Baljee led-Peppermint Hospitality has aggregated close to 2,200 operational hotel rooms across the country with the acquisition of Bangalore based Boutique Hotel Management & Marketing Services Ltd, which has 60 hotels in its portfolio. The deal gives 34-year-old Arjun, the elder son of Royal Orchid Hotels founder Chender Baljee, access to standalone hotel properties [...] Continue Reading »
India today asked China to invest in setting up manufacturing units in the country to bridge the widening trade deficit and create jobs in the country. Commerce and Industry Minister Nirmala Sitharaman said India has signed an agreement with China in June to set up Chinese Industrial Parks in India. Sitharaman said there that they [...] Continue Reading »
The possible introduction of real estate investment trusts (REITs) in India and its impact is perhaps one of the most talked about subjects among Indian real estate experts. It’s all the more intriguing from the perspective of retail as well as institutional investors. A REIT, in simple terms, is a group of income-producing assets backed [...] Continue Reading »
Former deputy CM Sushil Kumar Modi on Monday asked road construction department (RCD) minister Rajiv Ranjan Singh to give details of irregularities committed in starting the construction of roads worth Rs 200 crore in the state without going through due process. RCD was earlier under former CM Nitish Kumar, he said. Modi said the construction [...] Continue Reading »
Reliance Cement Company (RCC), a subsidiary of Anil Ambani—led Reliance Infrastructure, today entered into the cement market of Bihar where the demand for the building material is on the rise due to a realty boom. Describing Bihar as one of the most promising cement markets in India, the company said, that the cement market in [...] Continue Reading »
The Centre has approved the Karnataka Government’s Rs 3,000-crore proposal to convert the Bangalore-Mysore road into a six-lane national highway. The Centre has also accorded National Highway (NH) status and has numbered it ‘NH 275’. The National Highway Authority of India (NHAI) has agreed to fund the entire project and collect toll. The State’s role [...] Continue Reading »
With an aim to efficiently cater to the customised steel needs of the end consumer, JSW Steel, the flagship company of $11 billion Indian conglomerate JSW Group, on Monday launched a new retail format JSW Explore in Bangalore. The franchise-based authorised retail format will create a sustainable differentiator for JSW Steel’s exclusive value added products [...] Continue Reading »
