Realty News
Berkadia Services India Pvt Ltd (BISPL) is a fully owned subsidiary of the US-based commercial mortgage services provider Berkadia. The Indian subsidiary is planning to ramp up its headcount in India by about 100. Ned Mody the Country Head of Berkadia India told the media that the company now has about 700 employees and by 2015, the [...] Continue Reading »
Search engine optimisation, using the data used online for various other reasons are the trends which have picked up a lot in the last few years. Even the online players are borrowing listings from the rival sites to increase their respective databases. Hence if you have gone to one property portal, you will see that [...] Continue Reading »
Google India aims to stimulate the minds of their employees by providing a fun filled environment. This culture of google is similar to the company’s work spaces around the world. They have come up with a similar facility in their new offices in Gurgaon and the employees can’t wait more to enter into these premises. The [...] Continue Reading »
The Sahara group has been trying to sell off its Indian and International properties to raise the bail amount of Rs.10, 000 crore to secure the release of its founder Subrata Roy from the Tihar jail. Now adding to the group’s legal woes, the group has been dragged into international arbitration by one of its joint [...] Continue Reading »
Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 % of its revenues from the redevelopment market in the next three years. Mumbai’s residential redevelopment market is growing big as many old societies are taking up the renovation and redevelopment work. The government too has identified many housing societies which need immediate redevelopment to ensure [...] Continue Reading »
On Wednesday Asian Development Bank (ADB) announced that it would provide up to $7-9 billion loan to the country over the next three years. This money will be used for supporting the infrastructure development in India. Takehiko Nakao the president of ADB talked about this new development in New Delhi and mentioned that ADB’s operations for India [...] Continue Reading »
The country is very hopeful after the new government led by Narendra Modi took oath at the center. However in the first 100 days; the new government has little to show in terms of on-the-ground development. Though the good news is that, there is a distinct mood change in Corporate India. We have reasons to rejoice as [...] Continue Reading »
The Supreme Court (SC) on Wednesday passed an interim order directing property developer DLF Ltd to pay within three months the Rs. 630 crore penalty imposed by the CCI (Competition Commission of India). This penalty was imposed for abusing its dominant market position. CCI chairperson Ashok Chawla talked about the implications of the ruling for [...] Continue Reading »
Post the Modinomics wave, there is a positive sentiment in all the sectors including the insurance sector. The Life insurance companies are awaiting a nod from the Insurance Regulatory Development Authority (IRDA) to invest in the infrastructure bonds issued by the banks. Currently, the infrastructure bonds have not been given the ‘infra’ status by IRDA and [...] Continue Reading »
There is a renewed interest in the infrastructure sector. Piramal Enterprises committed $1 billion in a tie-up with the Dutch pension fund APG Asset Management last month for the investment in the infrastructure sector. Now, three home-grown private fund managers – IL&FS, L&T Infrastructure Finance and IDFC Alternatives - are gearing up to raise $2.5 billion over the next six to eight [...] Continue Reading »
