Realty News
In the first six months of 2014 the private equity (PE) investments in the real estate sector jumped over two-fold to Rs 4,100 crore. It is expected that about Rs 7,900 crore will be raised in the second half. So in total it is likely to cross Rs 12,000 crore by the end of the year. The [...] Continue Reading »
Reliance Industries today announced that it has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ. The withdrawal of the concessions offered to special economic zones has made such projects unviable. The MAT (Minimum alternate tax) and DDT (Dividend Distribution Tax) were imposed by the government in 2011 and the SEZs [...] Continue Reading »
DDA, which is building 10,000 one-bedroom flats in Rohini, has finished work on hundreds of them and is planning to complete many more before the results of its 2014 housing scheme draw are announced in October-end. The housing agency has promised to use state-of-the-art technology in the construction of these flats in Rohini’s sector 34 [...] Continue Reading »
There is some good news for the poor people of the nation as L&T (Larsen and Toubro) is all set to build 5000 toilets under the CSR (Corporate Social Responsibility) programme. A.M. Naik the Group Executive Chairman announced a major CSR initiative that would add traction to the ‘Swachh Bharat Abhiyan’ programme. This ‘Swachh Bharat [...] Continue Reading »
The Union Rural Development Ministry has suggested doubling the amount of financial assistance offered to the villagers to build homes. The ministry stated that the current allocation of Rs 70,000 was “insufficient”. This amount should be increased to Rs. 1.5 lakh. This data was published by National Gramin Awaas Mission (GRAM) in a paper prepared by the [...] Continue Reading »
Since his landslide election victory in May, this is the first major foreign visit for Prime Minister Narendra Modi. He arrived in Japan on Saturday seeking to capitalise on his affinity with his Japanese counterpart Shinzo Abe to strengthen the security and business ties. It is an exciting news for us Indians that Modi is [...] Continue Reading »
The administration has accorded its approval for the transfer of 30-kanal plot of land at Rampur village adjoining the Una district headquarters to the Union Labour and Employment Department for constructing a state-level Vocational Rehabilitation Centre (VRC) for people with disabilities. Disclosing this, Deputy Commissioner Abhishek Jain on Friday said that the centre is the [...] Continue Reading »
Gone are the days when a house meant just that: a simple living space with basic amenities. Today, “townships” are the buzzword, among buyers as well as developers. While amenities and a secure environment are the hallmarks of a township project, you must also consider the location, size of the project and, of course, the [...] Continue Reading »
During a recent hearing held last week, the Delhi High Court was told that the ‘Tata Camelot Housing project’ near Sukhna Lake in Chandigarh falls under the seismic zone. It was during the hearing of two PILs by a bench comprising Chief Justice G Rohini and Justice R S Endlaw that the Delhi High Court [...] Continue Reading »
The Haryana government and the Gurgaon Collector have received orders from the Supreme Court with regard to the disclosure of all the sale deeds which have been executed between landowners and private builders, related to a 1,400-acre of land in the Gurgaon district. The expansive 1,400-acre land about which the SC has sought all details [...] Continue Reading »
