New Delhi
New Delhi- The upcoming budget session will have the real estate bill tabled without any changes. It is said that the ambit of the bill excludes the sale of space for commercial purposes like offices or shops. Due to a tug-of-war between Ajay Maken’s housing ministry who is piloting the bill and Kamal Nath’s urban development ministry who [...] Continue Reading »
New-Delhi- With a target price of Rs. 300, the Bank of America Merrill Lynch has sustained its ‘Buy’ status on DLF BSE 3.70 percent. As per a BofA-ML official, they have decided to reiterate ‘Buy’ on DLF based on the revised price objective of Rs. 300 with a 15 percent discount to net NAV of Rs. 353 along with 20 [...] Continue Reading »
New-Delhi- The country’s real estate sector 2013 outlook was revised by Indian Ratings to stable from negative due to the improvement in margin and liquidity of developers seen by the Fitch group. India Ratings has noted an encouraging trend of the ease of liquidity pressures. Real estate companies in the financial year of 2012-13 saw [...] Continue Reading »
New-Delhi- DLF, one of India’s largest real estate firms, has decided to sell away its wind energy business to settle its debt. DLF will be selling away its wind energy business for a sum of Rs. 900 crore to an un-named company which was started by the previous general Electric India Boss. As per officials, [...] Continue Reading »
Government has announced the construction of a six lane expressway from Delhi to Ludhiana with an estimated budget of Rs 20,000 crore. The three states – Delhi, Punjab and Haryana approved the construction of 357 km road structure for the expressway. The route map will be finalised by the next month as claimed by the Road [...] Continue Reading »
New Delhi- With a lackluster realty market last year, the Indian realtors are expecting better market sentiments this year. They have been banking on the important legislation which is supposed to be introduced by the government in the upcoming budget session of the parliament. The budget is expected to create a larger impact on the [...] Continue Reading »
New Delhi- A new expressway has been planned to be built between Delhi and Ludhiana similar to the stretch between Delhi and Jaipur. In this regard, the road transport and highways ministry has planned a meeting of chief ministers from Punjab, Haryana and Delhi on January 16. Once the three chief ministers give their consent [...] Continue Reading »
New Delhi- The drum beating technique which was carried out in front of tax defaulters’ houses have not been that effective. Due to the non-payment of property taxes by the government and semi-government departments, the South Delhi Municipal Corporation (SDMC) will attach the bank accounts of all these offices to the civic body. As per the [...] Continue Reading »
New Delhi- In a news providing relief to lakhs of Delhi residents, the centre has approved the ownership rights of people residing in the 45 resettlement colonies constructed during 1950. Last year in July, the Delhi Government had decided to grant the ownership rights to these colony owners which housed various families who were later dislocated [...] Continue Reading »
New Delhi- With the Aadhar card becoming a major document, Chief Minister Sheila Dikshit wants the Aadhar card number on every individual’s university degrees and birth certificates. This proposal was declared on Thursday when Dikshit stated about the addition of the nine centrally-sponsored schemes which were related to the capital and the scheme of Aadhar enabled direct [...] Continue Reading »
