Development
Foreign investors are funding Indian real estate market after the release of Press note 2 in 2005 which opened up construction and development for Foreign direct investment (FDI). Many investors who had invested at that time, largely in residential sector, are now heading towards maturity and are withdrawing their prime investments. According to a report [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
Protesting the forceful acquisition of 227 acres of land by the government to set up the proposed Indian Institute of Management (R) and Central Law University, the students, along with parents, have been sitting on a ‘dharna’ since March 4. Though the villagers live in extreme poverty they are not academically weak. But due to [...] Continue Reading »
Godrej Properties Ltd (GPL) has formed a residential development platform with Rs 770 crore of equity commitment. The platform mainly aims towards the development of the middle-income residential space in Mumbai, Delhi NCR and Bangalore, apart from looking for opportunities in Chennai and Pune. GPL would contribute 29 per cent in the investment platform while [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) has been looking for aid from corporate world to groom the city for the International Biodiversity Conference to be held in October. The Central Government’s refusal for support has paved way to this act of GHMC. Many leading companies including L & T, Nagarjuna Constructions, State Bank of India [...] Continue Reading »
Mayor, D Venkatesh Murthy has announced that the budget for the city for the year 2012-13 would be introduced by the end of this month. He said that the upcoming budget will be a real one. He also said due to the slow progress of few other projects, which had been under way for three-four [...] Continue Reading »
Tamil Nadu as such is very much improved in many sectors but the state government has decided to initiate an ‘Integrated Urban Development Scheme’ for its betterment. The government have decided to take care of basic infrastructure, roads, drinking and sewage water, drainage and health sector under this scheme. A total of Rs. 6,653 crore [...] Continue Reading »
Regulation of real estate is a major concern in our country. For this reason, Government is holding talks with many stakeholders for discussing issues related to regulation and development of real estate in the national capital. After taking suggestions from general public, a few months back, the Ministry of Housing and Urban Poverty Alleviation consulted [...] Continue Reading »
Plots near Lilavati Hospital is soon going to see many development, thanks to Oberoi Realty. Oberoi Realty, a real estate based company is in the advanced stage of making a deal with Om Metals Consortium. The deal consists of a development project worth Rs 800 crore at Bandra Reclamation. The 6 lakh square feet plot [...] Continue Reading »
Even if it is told that a fortune of amount is being spent on Gurgaon’s development, nobody will accept it. With similar note, Haryana government has decided to spend Rs 1,393 crore on the city’s development and infrastructure. But the residents are unable to accept the fact and think it as one of the political [...] Continue Reading »
