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The real estate market in India are still in a turbulent situation. There are different builders who are proposing more than 12% return for the investments made in real estate. But the present market scenario is different than the projected one. The bank and different financial institutions are giving return of 8 to 9 percent. [...] Continue Reading »
The commission headed by Justice DP Sood, proposed the state government of Himachal Pradesh to moderate the Apartment and property regulation act of 2005. The act was planned in favor of builders and they can build and sell flats in various categories. According to the commission, the illegal land transactions are encouraged by the act. [...] Continue Reading »
Unity Infraproject, a Indian real estate developer firm planned to generate revenue from overseas real estate market. Unity Infraprojects already invested in projects in Nepal and Bangladesh. They are now planning to enter the real estate market in Sri Lanka, South Africa and the Gulf nations. Though there are lot of opportunities in the real [...] Continue Reading »
The state government of Himachal Pradesh is working hard to improve the quality of living in the state. the government has already constructed 3500 km of new roads, which will help to improve the connectivity of 1000 villages in the state. Apart from the road construction the state government also invested in construction of 258 [...] Continue Reading »
Bihar government planned to complete the construction of the Durgawati reservoir project within the next two years. The Water Resource Development (WRD) minister of Bihar has confirmed that the construction work will begin in this month, and he will also visit the construction site. A meeting between WRD officials and the engineers held to ensure [...] Continue Reading »
The government of Maharashtra decided to table the housing regulatory bill in the running assembly session. The assembly will discuss the bill but the passing of the bull is not yet confirmed. The builders are claiming to remove the direct jail terms in the proposed bill. The union ministry has refused to remove the provision. [...] Continue Reading »
The realty developers from India are invited to the Affordable Housing Development Summit in Oman. The summit is planned to showcase the investment and business opportunities within the affordable housing sector. In the summit, experts from all over the world will discuss the solutions to the challenges of the housing sector. The representatives will discuss [...] Continue Reading »
It is reported that Sobha developers has launched total projects of 10.45 million square feet and sold 3.28 million square feet of properties against the sales target of 3 million sq ft during the financial year 2011-12. In the financial year the builder also entered three new realty market in NCR, Chennai and Mysore. The [...] Continue Reading »
Security and Exchange Board of India (SEBI) planned to formulate new Alternative Investment Fund (AIF) Regulations. The new regulation may not allow PE funds to accept less than Rs 1 crore investment from an investor. According to real estate market experts, with this regulation many small PE funds will be affected. It is analyzed a [...] Continue Reading »
The second phase of metro to come up in Ghaziabad has been approved. The line was to be implemented from Dilshad Garden to the New Bus Stand. The approval was given by the Ghaziabad Development Authority (GDA) and Delhi Metro Rail Corporation (DMRC) after a meeting in Lucknow about the same. The residents are quiet [...] Continue Reading »
