Realty News
Prestige Estates Projects Ltd now is the second largest real estate developer by market capitalization after DLF Ltd and they have great expansion plans. They are considering expanding beyond southern India. Post the budget which was unveiled by the Finance Minister Arun Jaitley, the real estate sector is showing a lot of activities. There is a [...] Continue Reading »
The Finance Minister Arun Jaitley on Saturday assured the investors that the government was committed to taking business-friendly measures. This was done a day after the official data showed the economic growth in the first quarter of the current financial year was better than expected. He suggested these steps, such as increasing the cap on foreign investment in insurance and [...] Continue Reading »
EPFO (Employees’ Provident Fund Organisation) has asked its field offices to focus on the construction industry and the services sector. This should be done in order to increase the coverage of its social security net by 30 % following the government’s decision to enhance wage ceiling. Unfortunately even though the construction industry employs the maximum [...] Continue Reading »
Singapore has expressed keenness to invest in Prime Minister Narendra Modi’s grand plan of creating 100 such cities across the country. In order to achieve that desired goal, the government of Singapore has sought clarity on India’s concept of smart cities. Singapore is trying to understand what the (Indian) government actually means by a ‘smart city’. Whether [...] Continue Reading »
Abenomics meets Modinomics in a deal between our PM Narendra Modi and the Japanese PM Shinzo Abe. Prime Minister Narendra Modi landed in Osaka on Saturday and, within hours, oversaw the signing of a MoU (Memorandum of Understanding) with the Japanese PM Shinzo Abe. This MoU is meant to turn Varanasi into a ‘smart city’ [...] Continue Reading »
Post the swearing in of the new government in the center, we see a lot of activities in the real estate sector. The country’s biggest realtor DLF is also gearing up to reap the benefits of this positive sentiment. Realty major, DLF has asked the company’s independent directors to review its rental business and suggest [...] Continue Reading »
If Indian companies have not used the loans they raised for expansion projects, then where has it all gone is a matter to understand. While a prolonged economic slowdown has brought new investments to a standstill, it has increased the working capital requirement of some companies quite substantially. In sectors where a large amount of [...] Continue Reading »
The Centre is homing in on rural India for a massive economic stimulus, with the Nitin Gadkari-led rural development ministry drawing up plans to spend Rs 3.45 lakh crore to build nearly 30 million houses for the homeless by 2022 under the National Gramin Awaas Mission. The nearly Rs 50,000 crore a year programme in [...] Continue Reading »
In order to fast-track project approvals and cut down corruption and red-tape, the Government is working on making all clearances required for infrastructure and industrial projects available online by the end of the fiscal. The online drive, led by the Department of Industrial Policy & Promotion and the Prime Minister’s Project Monitoring Group, has identified [...] Continue Reading »
Essel Finance plans to raise Rs. 2,300 crore from the overseas and domestic markets this fiscal year. This money will be used to finance the real estate projects. The banks are reluctant to lend and this situation has created a demand for the alternative funding options. Unlisted Essel Finance’s plans include raising $300 million (Rs. [...] Continue Reading »
