Delhi
The residents of the National Media Centre had approached NGT asking it to stop the construction, alleging that DLF and HUDA were encroaching on the green belt that actually belonged to them. In a recent hearing, NGT bench headed by Jyothimani pointed out that that the road widening project does not affect the residents of [...] Continue Reading »
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »
The traffic police wrote a letter to the Municipal Corporation of Gurgaon and asked to complete the repair work as soon as possible. The repair work has been going on since last year and that affects the traffic. The cops demanded an explanation on the pending road repair work. The executive engineer says that they [...] Continue Reading »
In drop-down of wealth, India has one of the worst records. As per the records of last year for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs) whose net assets are over $30 million without their primary residence. For every billionaire in Japan there were 609 UHNIs. In Brazil [...] Continue Reading »
Dwarka Expressway has emerged as one of the most famous real estate destinations in the National Capital Region (NCR).The project was to be completed in March 2012 but because of land acquisition issues the project was delayed. The builders who involved in this project played a vital role in accelerating the development process and ensuring [...] Continue Reading »
The India cricket team captain Mahendra Singh Dhoni may face problem now in an income tax investigation. The tax department is looking to investigate the issue of four post-dated cheques worth Rs 75 crore issued by Amrapali Group. Chairman Anil Sharma to Dhoni The cheque issued in year 2011-12, was to be encashed in 2014. [...] Continue Reading »
Emaar MGF, the real estate major, is found to have done violations on various matters including those related to corporate governance and related party transactions, as per the Corporate Affairs Ministry. Sources said, the violations were found by Registrar of Companies (RoC), Delhi, during an inspection of the books of Emaar MGF and added that [...] Continue Reading »
DDA’s master plan 2021 will help in checking the increasing price of housing units in Delhi and NCR. The industry insider noticed that these would be at least 15 to 20 percent cheaper as compared to the estimated cost of the real estate in the next 3 to 4 years. Mr. Anshuman Magazine, CMD, CBRE, [...] Continue Reading »
Facing the problem of increase in unsold inventory and with working capital hard to come by, the real estate developers in last few years bend heavily on a class of investors to bring sales and bring in that much-needed cash flow. These types of the investors are referred as the ‘underwriters’ which buy the large [...] Continue Reading »
In India for every one billionaire there were just 26 ultra high net-worth individuals whose net assets are over $30 million excluding their primary residence. While in Japan for every billionaire there were 609 UHNIs and in Brazil and South Africa the ratio was1:129 and 1:119 respectively because these markets are in initial stage. Worldwide [...] Continue Reading »
