Realty News
Johnson Controls on Friday outlined their plans to support the growing green building movement in India. They have made their interest evident to participate in the smart city projects planned across in the country. Dennis D Kelsey the Director of Building Technology and Services, Asia of Johnson Controls stated that there is growing demand for integrated [...] Continue Reading »
The Punjab and Haryana High Court suppressed the Haryana government’s decision to transfer 350 acres of land to real estate giant DLF in Gurgaon. A day after this decision the state government on Thursday sent its top bureaucrats explaining its action. The officials presented a ‘factsheet’ claiming that the key decisions pertaining to the project [...] Continue Reading »
Every year, real estate schemes and offers start appearing during the festive season as Indians consider it auspicious to invest in properties during the festive season. This season starts from October and goes on till about March. Usually, the last two quarters can account for as much as 70 % of the total disbursement in [...] Continue Reading »
The project monitoring group (PMG) of the Cabinet Committee on Infrastructure (CCI) has appreciated the efforts of the Odisha government in facilitating execution of large investment projects in Odisha. The CCI team was headed by Anil Swaroop the additional secretary at the Cabinet secretariat today jointly scrutinised the progress of 60 projects along with top state officials.Projects with investments [...] Continue Reading »
The newly-constituted highway committee under Roads Secretary Vijay Chibber will hold its first meeting on September 13. The committee comprises representatives from the Planning Commission and the Finance Ministry. Set up in accordance with the directions of the Cabinet Committee on Economic Affairs (CCEA), the new committee has been formed to give the Roads Ministry [...] Continue Reading »
Real estate firm Parsvnath Developers is apparently mulling plans to raise an amount of up to Rs. 1,000 crore via private placement of non-convertible debentures (NCDs). In addition, the company is also considering the sale of its non-core assets, so as to reduce an approximately Rs. 1,200-crore debt. In an attempt to seek the approval of the [...] Continue Reading »
With several highway projects failing to find any takers in India, the Union Government is hopeful that the stuck highway projects in the country will probably be rescued by international infrastructure firms, especially those based in China and Malaysia. Towards that end, India’s Road Transport and Highways Ministry – which is headed by Nitin Gadkari [...] Continue Reading »
In a case underscoring deficient cancellation of the registration of a flat, New Delhi Consumer Disputes Redressal Forum has asked TDI Infrastructure Ltd to make a Rs. 3.5-lakh payment to Delhi resident Stuti Jain. The forum’s ruling in the case was rooted in the fact that TDI Infrastructure had taken a Rs. 3-lakh deposit amount [...] Continue Reading »
Layout permissions for construction of houses and buildings in Andhra Pradesh will soon go online; with the State government having deployed the requisite GPS (global position system) solutions. The GPS solutions have been deployed by the AP government in order to ensure that layout permissions are granted within a week. The layout permissions for houses [...] Continue Reading »
The residential market in India has been witnessing extreme volatility in terms of demand and supply over the last three years. Factors such as a slowing economic growth, rising interest rates by banks, high inflation and the weak rupee, among others, contributed towards building a negative sentiment among home buyers and resulted in a dwindling [...] Continue Reading »
