Realty News
Kochi-based start-up Village is India’s first incubator that is funded jointly by the public and private sectors. This start-up village is adding about 1.25 lakh square feet space as part of the plan to house and support more start-ups. The additional spaceis expected to be ready by June next year. The chief executive officer of this [...] Continue Reading »
The National Green Tribunal (NGT South Zone) has given a go-ahead to the ambitious Science City project. This project is proposed to come up on 10,000 acres in Chitradurga district’s Challakere taluk. The tribunal had earlier ordered a stay on proposals by the Indian Institute of Science (IISc), Defence Research and Development Organization (DRDO), Indian [...] Continue Reading »
Property registration in Uttar Pradesh is all set to go online. This move will help the property buyers a lot as now this will rid people of the rigmarole of hiring property evaluators and lawyers and waiting in long queues at the sub-registrars’ offices. They have to wait for days to get bulky registered documents. [...] Continue Reading »
After having raised its first fund of Rs 200 crore last year, the Segregated Funds Group (SFG) – the private-equity firm promoted by real estate consulting company JLL India – is apparently contemplating a Rs 100-crore investment, in residential projects, from the fund this year. SFG is chiefly focused on investments in small realty projects. Along with mulling a [...] Continue Reading »
A new commercial realty fund is apparently being raised by IDFC Alternatives, a private-equity division of infrastructure finance firm IDFC Ltd. According to two unidentified sources familiar with IDFC Alternatives’ plans, the new fund that will be raised by the bigwig multi-asset-class investment fund manager will be more than Rs 1,000 crore. At present, IDFC [...] Continue Reading »
Unitech Chairman Ramesh Chandra has said in a recent statement that the realty firm plans to sell its non-core land parcels. The move being mulled by the company is essentially aimed at reducing its debt. In addition to the sale of its non-core land parcels for reducing its debt, Unitech is also planning the monetisation [...] Continue Reading »
In a verdict which upholds the National Consumer Disputes Redressal Commission (NCDRC)’s March 19 ruling, the Supreme Court has asked a Gurgaon-based realty developer – Ambience Pvt Ltd. – to refund Rs 33.38 crore maintenance fees charged from the residents of its project since 2002. The mentioned maintenance fees which Ambience has been asked to [...] Continue Reading »
India’s oldest town Varanasi is apparently on the verge of becoming a realty hotspot, with Prime Minister Narendra Modi having promised to turn the town into a ‘smart city’ Modi’s decision has set the real estate activity rolling in the Varanasi town. Some realty consultants have already started getting enquiry calls about the land prices [...] Continue Reading »
After the new Government took over at the Centre, the buyer sentiment has improved which will result in a 26 % growth in residential property sales in the second half of this year compared with same period last year. This data was published by real estate consultant Knight Frank India on Tuesday. According to its [...] Continue Reading »
During the course of a meeting held in New Delhi last Thursday, the ‘2014 Housing Scheme’ of the Delhi Development Authority (DDA) was approved with some minor changes. The meeting at which the scheme was approved was chaired by Lt-Governor Najeeb Jung. Under the 2014 Housing Scheme, DDA will offer more than 25,000 flats, including [...] Continue Reading »
