Realty News
The Indian Chamber of Commerce and Industry, Coimbatore (ICCIC) has sought the help of the Union Minister of Urban Development in improving the transport infrastructure in Coimbatore. They stated that the transport infrastructure in Coimbatore plays a key role in the economy of the region. The Union Minister for Urban Development, Housing and Urban Poverty [...] Continue Reading »
National Buildings Construction Corporation Ltd. (NBCC), a Navratna company under the ministry of urban development, is looking to expand overseas to tap the more than Rs 2,000 crore infrastructure redevelopment and consultancy services market in Maldives, Turkey, Botswana, Oman and Malaysia. We are definitely looking for expansion overseas especially with the expertise in re-development. We [...] Continue Reading »
Even after joining the BJP, the former Congress leader Birender Singh shows his loyalty towards his former party Congress. He avoids commenting on the controversial land deal in Haryana which involved the UPA chairperson Sonia Gandhi’s son-in-law Robert Vadra. Singh claimed that he had alerted Sonia to beware of chief minister Bhupinder Singh Hooda‘s “handiwork.” [...] Continue Reading »
The DDA’s (Delhi Development Authority’s) official website on Monday crashed following a massive online response from people soon after the launch of its flagship Housing Scheme 2014 that offers over 25,000 flats. Soon after the launch, we received over 5 lakh (500,000) hits on our official website, following which it has crashed. Efforts are on [...] Continue Reading »
In less than a year of amicably resolving the property dispute within family members, the Royal Gaekwad Family of Baroda is once again faced with legal battle over some of its property. Vadodara-based realtor CK Shah has moved the Gujarat High Court against Sangramsinh Gaekwad and family, the heir of erstwhile king of Baroda, for [...] Continue Reading »
Real Estate Investment Trusts (REITs) are finally a formalised concept in India after SEBI approval on August 10. This instrument will bring better and faster funding for the real estate sector and has been welcomed by the stakeholders in the sector. While the developers lobby is elated at the prospect of an increased interest from [...] Continue Reading »
IIFL Alternate Asset Advisors, part of the India Infoline group, has exited three of its real estate investments, a senior company official said. The fund said it has realized returns of Rs.140 crore from the investment, beyond regular repayments, whose details it did not disclose. It had invested Rs.195 crore across these three investments. With [...] Continue Reading »
The government plans to develop smart cities and townships across the state with high-density vertical buildings and adequate green area. The New Town Kolkata Development Authority (NKDA) has already started following the model for Rajarhat New Town. An NKDA official said they are trying to showcase New Town as the Singapore of Kolkata and the [...] Continue Reading »
The minimum distance from the boundary of a quarry to residential buildings has been cut by half to 50 metres as per a Kerala State Pollution Control Board directive. This comes in the context of the realisation by the State government that a number of quarries had closed down citing the existing distance limit, which [...] Continue Reading »
The next seven years will be very crucial for the rapidly growing e-commerce firms in India. The real estate industry in India is expected to benefit hugely by this trend as the e-commerce firms need to store huge inventories and need big warehouses for those purposes. Anshuman Magazine the chairman and managing director, of CBRE South [...] Continue Reading »
