Realty News
In a one-of-its-kind attempt, Indicus has effectively deciphered how ‘affluence’ in India can be gauged at the level of the pin code. For its attempt to decipher India’s most affluent pin codes, Indicus made use of statistics from a number of sources, including Census 2011, geographic information system (GIS) data, and satellite imagery. In addition, [...] Continue Reading »
The much-awaited ‘Housing Scheme 2014′ has recently been announced by the Delhi Development Authority (DDA). The scheme is scheduled to be rolled out on September 1, 2014. Under the scheme, more than 25,000 flats will be offered in a number of categories, including EWS, LIG, MIG, HIG, one-room apartments, and Janta flats. More than 22,600 flats under [...] Continue Reading »
The city’s real estate segment witnessed the lowest capital value appreciation of 14 percent in the mid-segment and 16 percent in the high-end segment as compared to other metros over the last three years, revealed the latest report from global real estate consultant Cushman & Wakefield on Monday. Hyderabad was ranked last among the top [...] Continue Reading »
There has been a growing trend over the last decade or so that has seen large land parcels being unlocked by developers for luxury properties in less matured markets like Pune, Chennai and Hyderabad. What one may term as trophy locations in these cities—instances would include Mumbai’s mill lands—have become available, making it possible for [...] Continue Reading »
Japan-based diversified financial services firm Orix is understood to have evinced interest in buying the 8.34 percent stake owned by Central Bank in infrastructure development and finance company IL&FS, sources said, adding that six others were in the fray for the stake. The top three shareholders in the company are LIC with 25.34 percent, ORIX [...] Continue Reading »
The Himachal Pradesh Government last Monday claimed it has constructed over 6,500 houses under the Rajiv Awas Yojana and the Indira Awas Yojana in the past one year. The financial assistance given under both the housing schemes has also been enhanced from Rs 48,500 to Rs 75,000. Besides two ‘biswas’ of land also being given [...] Continue Reading »
The Delhi Development Authority’s housing scheme scheduled to start on September 1 has very few newly constructed two and three-bedroom flats on offer. The DDA admits that its focus is not on building affordable houses for the middle class anymore. But it promises its ambitious ‘land pooling policy’ would more than make up for this [...] Continue Reading »
Away from the glass and steel spires of Gurgaon, a vast, dusty and virtually barren tract of land is at the centre of a row that threatens to derail not only the flourishing real estate sector, but also seal the fate of thousands of residential flats. The Supreme Court has ordered the Haryana government and [...] Continue Reading »
Hinduja Group is willing to invest USD 10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks, to help bring back economy on high growth path. Gopichand Hinduja, Co-Chairman, Hinduja Group of Companies is keen that the projects, that were part-financed by state banks but [...] Continue Reading »
Looking into the acute shortage of domestic natural gas in the country, Anil Ambani’s Reliance Power on Monday told the Supreme Court that it was willing to surrender around 1,000 acres of land acquired by the Uttar Pradesh government for its now-abandoned 7,480 MW gas-based Dadri power project in Ghaziabad district of the state. Thus, [...] Continue Reading »
