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Realty portal CommonFloor planning to scale up its business

Realty portal CommonFloor planning to scale up its business
With India’s realty sector poised for a turnaround for the better in the near future, leading real estate portal CommonFloor.com plans to scale up its business. CommonFloor presently offers property listings in as many as 200 cities; and it has more than one lakh projects listed on its portal. The site also has over 4 [...] Continue Reading »

NBCC looking forward for expansion

NBCC looking forward for expansion
National Buildings Construction Corporation Ltd. (NBCC), a Navratna company under the ministry of urban development, is looking to expand overseas to tap the more than Rs 2,000 crore infrastructure redevelopment and consultancy services market in Maldives, Turkey, Botswana, Oman and Malaysia. We are definitely looking for expansion overseas especially with the expertise in re-development. We [...] Continue Reading »

Ask Group to Invest in Mid-Segment Housing

Ask Group to Invest in Mid-Segment Housing
The Fiscal Year of 2015 is to be a promising one, as the hungry real estate market is finally going to be fed with fresh private equity (PE) investments worth Rs 10,000 to 15,000 crore. The interest to invest in real estate has been fluctuating, as in 2011, private equity investment was Rs 20,000 crore [...] Continue Reading »

PMG tries to expedite the stalled power and infra projects

PMG tries to expedite the stalled power and infra projects
Anil Swarup the Head of the Government’s Project Monitoring Group (PMG) came out with a data which is not very favourable for India Inc. He mentioned that about 230 major projects involving over Rs 5 lakh crore of investments are pending at various stages. From June last year, over 150 projects have been cleared on [...] Continue Reading »

RBI stops Repco Home Finance and South Indian Bank from FII purchases

RBI stops Repco Home Finance and South Indian Bank from FII purchases
The Reserve Bank of India (RBI) on Friday said foreign investors cannot purchase shares of Repco Home Finance and South Indian Bank as their shareholding in these companies has crossed the threshold limit. This is in a way a good news as there is so much demand for these shares in the market that they are [...] Continue Reading »

Banks to issue long-term local currency bonds: infrastructure projects and affordable housing to get new boost

Banks to issue long-term local currency bonds: infrastructure projects and affordable housing to get new boost
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »

Tata Capital Invests in Shriram Properties

Tata Capital Invests in Shriram Properties
The $100 billion diversified Tata Group has further extended to include Tata Capital, a private equity arm responsible for the first external real estate investment of the group. Tata Capital has invested $80 million (Rs 470 crore) in 15% stake and a board seat in Shriram Properties, the Bangalore-based real estate division of the Shriram [...] Continue Reading »

Nasscom to set up incubator to nurture start-ups in West Bengal

Nasscom to set up incubator to nurture start-ups in West Bengal
In Kolkata on Friday July 18, the West Bengal IT Minister, Amit Mitra offered Nasscom a 10,000 square feet of “ready” space to set up its first incubator in the region. Mitra stated that this space has been allotted in the IT township of Sector V in Salt Lake. The space will be provided by [...] Continue Reading »

Southern States and Union Territories are ahead in Urbanisation

Southern States and Union Territories are ahead in Urbanisation
The country’s urbanisation is being kept in mind by the Southern states of India and the Union Territories. The urban population of India has increased by around 27.80 percent from the total population in 2001 to around 31.10 percent in the year 2011. The information was provided by Urban Development Minister, M Venkaiah Naidu during [...] Continue Reading »

NBCC sets up innovation and R&D centre in New Delhi

NBCC sets up innovation and R&D centre in New Delhi
In a statement released on Tuesday, National Buildings Construction Corporation Ltd (NBCC) has revealed that a centre for innovation and research and development (R&D) has been set up by the organization in New Delhi. According to the information shared by NBCC’s Chairman and Managing Director Anoop Kumar Mittal, the exclusive focus of the new innovation [...] Continue Reading »



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