Infrastructure and construction
Tata Housing today signed a revised agreement with the Maldives government to complete a housing project in Male being developed at an investment of about Rs 1,000 crore. The pact paves the way for resumption of construction work on the project that has been on hold for two years due to some issues over terms [...] Continue Reading »
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 »
The SatyaVani Homes have announced to plans to set up a satellite township project at Pocharam in the IT hub of Hyderabad with an outlay of Rs 250 crore. The Hyderabad based real estate company plans to develop around 1,800 apartments including 400 service apartments on a 15 acre site in a phased manner over [...] Continue Reading »
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 »
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 »
With the Prime Sristi multi-storey residential project at Moulivakkam – on the western outskirts of Chennai – having collapsed last month, more than 55 flat buyers have come together to form the ‘Moulivakkam Trust Heights Affected Flat Buyers Association,’ in an attempt to get their money back. The Prime Sristi project was to comprise two [...] Continue Reading »
In a recently-released report, rating agency CARE Ratings has revealed that the improved price of cement will likely bring about a notable improvement in the profitability of domestic cement manufacturers in the current fiscal year, owing to higher realisation. CARE said in its report that despite the fact that “monsoon impact” may cause a partial [...] Continue Reading »
If you are thinking about buying a couple of apartments after selling your dilapidated ancestral home, then be prepared to shell out a hefty sum in capital gains tax. The new Budget has capped tax breaks available to such property buyers. This has been done through a seemingly innocuous tweak in the language of Sections [...] Continue Reading »
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 »
Tamil Nadu Chief Minister J Jayalalithaa said in a Tuesday announcement that the government has plans underway to develop a new self-supporting residential township in Kadambur near Maraimalai Nagar in suburban Chennai. Kadambur is located at a distance of 50km from Chennai; and is in close proximity to Maraimalai Nagar which has emerged as a [...] Continue Reading »
