Realty News
BEML Ltd, manufacturer of heavy earth moving equipment for mining and construction sectors, has launched an indigenously developed new version of motor grader – BG405A for deployment in the infrastructure/construction sector. The new motor grader is BS III compliant engine with a net horsepower of 119HP and is certified by ARAI. BG405A is designed with [...] Continue Reading »
State-owned Oriental Bank of Commerce (OBC) today cut home loan rate by 0.5 percent to 10.25 percent. The bank has reduced the interest rates on home loans of above Rs 75 lakh by 0.5 percent from 10.75 percent to 10.25 percent, OBC said in a statement. Now, all home loans irrespective of loan amount are [...] Continue Reading »
The Chandrababu Naidu Government has drawn up ambitious plans to transform Andhra Pradesh into a “bustling” State and place it among the top three States in the country by 2022. Development of 14 major and minor ports, rivalling Singapore on the maritime front, three international airports and 14 domestic airports, three ‘mega cities’ and 11 [...] Continue Reading »
The Yamuna Expressway Industrial Development Authority (YEIDA) on Monday said it would borrow funds from the Noida Authority to develop theme parks along the Yamuna expressway. Beside, the authority will acquire farmland, along the highway, from farmers for urbanization. The authorities are looking forward to the construction of the theme park as this would help [...] Continue Reading »
Tata Group’s Indian Hotels Company (IHCL) can continue to run the Taj Mahal hotel located on Mansingh Road in Delhi by extension of the lease agreement if it pays the market rate after consultation with the New Delhi Municipal Council (NDMC), Attorney General Mukul Rohtagi has said in his legal opinion to the municipal body. [...] Continue Reading »
Satya Group has recently launched a premium residential project called Platina at The Hermitage, located on the Dwarka Expressway. The project comprises three and four BHK apartments and penthouses, sizes of which range between 1,947 sq ft and 2,605 sq ft. The company plans to deliver the project by December 2015. The project is priced [...] Continue Reading »
The Bangalore Development Authority (BDA) has decided to increase the prices of two- and three-bedroom flats at the seven housing projects it has taken up in the City. It has cited the increased cost of construction as the reason. A senior BDA official said that the prices of flats already constructed at Kommaghatta, Alur, Kanminike [...] Continue Reading »
In some good news for Chandrababu Naidu, the Andhra Pradesh government has been told by its revenue department that more than 45,000 acres of degraded forest land, largely encroached by locals and small industrial units, are available in the surroundings of Vijayawada for building the new capital. The chief minister, who has received the report, [...] Continue Reading »
ICICI Bank Ltd’s sale of 10-year infrastructure bonds worth about Rs 3,900 crore that insurers and pension and mutual funds (MFs) rushed to buy on Tuesday is likely to open the floodgates for banks trying to raise money to finance high-cost and long-gestation projects such as roads, ports and power plants. At least five other [...] Continue Reading »
The realty industry appears to be on the verge of recovery, with the bounce back in economic growth leading to an increase in real estate-related enquiries with realty developers. Reporting that realty enquiries have witnessed a surge of late, realty developers have also asserted that many of the enquiries have also resulted in property purchases. [...] Continue Reading »
