Gujarat
DLF Ltd has been in the process of selling a number of its non-core assets to reduce its debt. In the recent endeavor it has got approval from its shareholders to sell its wind power business. According to sources, of all the shareholders, 99.98 per cent were in favour of the resolution to sell off [...] Continue Reading »
Taller the structure, the more attention and visitors it attracts and Gujarat is all set for this. The state urban development department has confirmed the development of a policy, which is in the pipeline, that will allow tall buildings to come up in Ahmedabad city. A source in the department said buildings up to 40 [...] Continue Reading »
Tata Housing has announced that it is planning to launch eight to 10 projects in the country this financial year in spite of overall slump in the sector. Under its affordable housing segment, ‘Smart Value Homes’, Tata Housing has forayed into Gujarat by launching Shubh Griha in Ahmedabad. Along with its domestic operations, it has [...] Continue Reading »
After several failed attempts with different players, Jaiprakash Associates reportedly have got Irish building materials group CRH Plc. enter into India with them. As per reports the Irish group has entered the fray to buy Jaiprakash Associates’ cement plants in Gujarat and Andhra Pradesh. Jaiprakash Associates, a diversified Delhi-based conglomerate with interests in cement, power, [...] Continue Reading »
Due to less supply and delayed monsoon, cement costs rose to Rs 55 per bag across markets. A source said the hike will not stay long since it is due to supply shortage and onset monsoon. South has witnessed a mixed trend with Hyderabad and Bangalore seeing a correction of Rs 5 per bag, and [...] Continue Reading »
Global real estate consultant Cushman & Wakefield has announced that they would be opening their new office, their 10th one in the country, in Ahmedabad. It bears testimony to growing Gujarat real estate market which has seen active industrial growth in the state in the last few years. Gujarat has seen a model growth in [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
Realtors of Ahmedabad have planned to conduct property shows for Non-Resident Gujaratis (NRGs) in North America and Australia. Meanwhile, they intend to gain benefit of the appreciation of dollar value. The conference, ‘Chaalo Gujarat’, will be held from August 31 to September 2 at New Jersey. The Gujarat chapter of Confederation of Real Estate Developers [...] Continue Reading »
The state authority has issued notices to renew licenses of lifts and elevators, to many residential and commercial buildings in Ahmedabad and other cities of Gujarat. It is mandatory that lifts need to be licensed and be renewed regularly. Using lifts that are older and which are not in proper condition is dangerous. An incident [...] Continue Reading »
Ampulus Capital Advisors, a fund management company formed by the promoters of the Ahmedabad-based Arvind Group, has floated a realty fund with a target of raising Rs 200 crore. The fund mainly focuses on investing in Gujarat real estate projects. The firm has already raised Rs 100 crore and it hopes to distribute the fund [...] Continue Reading »
