North India
In north India after completing the first phase of Rs 5,000-crore knowledge hub, Kochi Smartcity, by next year, the Dubai-based Tecom will plan a similar project, with an investment to the tune of Rs 10,000 crore. The source said that the first phase comprises a building of 6.5 lakh sq ft built-up area, spread across [...] Continue Reading »
A report by Knight Frank says that due to the economic slowdown, the interest rates are increased, because of which the demand of residential property decreased. In the 3rd quarter of 2013-14 the sales of residential property decreased by 43 per cent to 11.8 million sq ft from 21.9 million sq. ft. The annual increase [...] Continue Reading »
A fall of 41 per cent of Net Profit in the quarter ended December 2013,has been registered of top 25 real estate companies, in comparison to peak period of quarter ended March 2012.As per the report by global realty consultancy Knight Frank the net profit margin have fallen from 13.6 per cent to 9.7 per [...] Continue Reading »
In a research report titled Economy & Realty @ Glance for March 2014, Knight Frank India, says that the sales volume in realty has declined across India. The report gives us an insight into how has this happened. The report categorically says that the sales volume of listed real estate companies across India has halved [...] Continue Reading »
Delhi- North India’s first monorail project seems to get clearance by the state cabinet shortly. Chief Minister Sheila Dikshit directed the Transport department to table the proposal in the next meeting of the Delhi Cabinet. The 11-km-long monorail project of Delhi government, from Shastri Park Metro Station to Trilokpuri has been planned to have 12 [...] Continue Reading »
The hotel chain, Citrus Hotels and Resorts has decided to invest about Rs 500 crore to add 1,500 rooms and take its hotels strength by 2017. They have aimed to flourish about 18 hotels in the next five years and currently the hotel chain has 475 rooms spread across eight properties. When questioned about their generating of [...] Continue Reading »
Due to the collapse of an electricity grid, around eight states in North India had a major power blackout on Monday. It took more than half a day for the authorities to fully restore supply to Delhi, Haryana, Punjab, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Rajasthan, and Chandigarh. It is considered that, the [...] Continue Reading »
DLF, leading real estate developer of India, held back by debt and sluggish demand, is shifting back its focus on the familiar territory of its home market. The firm concentrates on building high-end luxury homes in North India while new projects in other parts of the country see a downtrend. Its overall focus in the [...] Continue Reading »
The state Meteorological department in Lucknow, described the quake as of “moderate intensity” in Uttar Pradesh (UP). It has not ruled out the possibility of aftershocks. Earlier, on September 7, tremors had hit some areas of UP adjoining Delhi. However, on Sunday no causality of any kind was reported till reports last came in. State [...] Continue Reading »
