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Sobha Developers has recorded R94 crore as its net consolidated profit for the quarter ended March 31, 2012. This profit is more than double than the profit made in the year 2011. Sobha developers has earned 64 percent of its revenue from the real estate projects across India. They have also earned Rs 130 crore [...] Continue Reading »
According to an official of The Ministry of Housing and Urban Poverty Alleviation, the Real Estate Regulation Bill will not be tabled during the current session of Parliament. The bill is a long time demand by the builders in India. Once the bill gets regulated, Indian Real Estate industry will become more transparent. According to [...] Continue Reading »
7,000 km roads in rural areas of Uttar Pradesh will be constructed under the PMGSY (Pradhan Mantri Gramin Sadak Yojna). Senior officials of Uttar Pradesh government and Union Rural Development Ministry will sit together to finalize the project. The state government has identified approximately 34,200 km of roads to be constructed in the state out [...] Continue Reading »
The department of Urban Administration and Development proposed to enact the Real Estate Regulation and Development Act by the state governments. Different state government has passed real estate regulatory bill for their respective state. The new bill will be proposed and sent to the states so that they can decide their own requirements on the [...] Continue Reading »
The real estate is the second largest employment generating sector in India. The builders associations are demanding for a special status on a par with industry for this sector. NAREDCO (National Real Estate Development Council) and CREDAI (Confederation of Real Estate Developers’ Association of India) made several representations to the Union government demanding special status [...] Continue Reading »
The age of bricks and mortar are over. Now the real estate builders are opting for alternate products and materials for the construction of properties in India. In place of traditional bricks, the builders are now using aerated blocks, which are said to be more durable and lightweight. These blocks are also moisture resistant. UPVC [...] Continue Reading »
Earnings of the realty firm Indiabulls Real Estate Ltd and Oberoi Realty Ltd has been increased in the last quarter of the financial year 2011-12. The Indiabulls has recorded a rise in net profit of 30 percent while the Oberoi group has posted a rise in 33.8 percent in the total income. The increment in [...] Continue Reading »
The foundation works of laying down pillars for Hyderabad metro rail project has just started. The Hyderabad metro experts say that over 90 percent of the project is ready to be delivered. The first phase of Hyderabad metro rail project is expected to be completed by year 2014. The second phase which has just now [...] Continue Reading »
Many realty-focused funds started to close the investment deals before starting the fund raising program. There are many firms who was locked deals before they set out to raise funds. Most of the real estate focussed private equity funds have seen a paradigm shift in terms of fundraising. Nearly all of them are now locking [...] Continue Reading »
In the beginning when the Delhi government planned to start flyover and roundabout culture in east Delhi localities, green area under each of them was mandatory. Followed by this, every flyover had green area under it and it was well maintained by the Municipal Corporation of Delhi (MCD). As usual the green area today remains [...] Continue Reading »
