Property development
The urban development minister‘s plan of keeping Delhi Metro fares down by generating revenue through property development could be a non-starter. More than a decade after starting services, Delhi Metro has generated a little over Rs 900 crore against a target of over Rs 2,500 crore. More than Rs 700 crore of that revenue was [...] Continue Reading »
The CLB advised the respondents, in an interim order on April 9, to refrain from selling or creating any third party interest in the property. The respondents include M Shivaram, Chairman and Managing Director of Aruna Hotels; Kartick Shivaram, Executive Director; and the Directors S Kalyanam, CL Ravichandran, and Kamal Babbar. The 1.2 acre property [...] Continue Reading »
Due to Urbanization and migration of peoples towards cities, the government has to consider about urban mass rapid transit systems which are also known as metro railways to reclaim much of the lost ground in urban planning. At least 10 metro projects are at the different phases of planning and implementation. These projects would need [...] Continue Reading »
New Delhi- In a recent declaration by the Union Cabinet, the much expected Land acquisition Bill, 2012 was cleared and will be presented in parliament for the upcoming Budget session. This has eventually created a furor among the real estate developers as they wanted private-to-private land acquisition be off the new land acquisition bill. The developers [...] Continue Reading »
Chennai- Lancor Holdings, Chennai based leading developer has announced that it has acquired 6.5-acres plot near Maraimalai Nagar on the GST Road for Rs 40 crore. The company in a regulatory filing with stock exchanges disclosed the purchase of 100 percent equity shares of L&T Commercial Projects Pvt Ltd. However, the firm did not reveal [...] Continue Reading »
Knight Frank’s latest report focuses on uncovering the relationship between the developer and the suppliers of factor inputs such as Land and Construction costs. Land is the most significant input for property development. Analysis of land allotment policy of some of the major land aggregators provides interesting insights: City and Industrial Development Corporation (CIDCO) follows [...] Continue Reading »
The Union Urban Development Ministry wants evaluation of properties along the metro corridors. Taking note of the appreciation in their property value, the Ministry wants the metro systems to increase their revenue generation methods and tap into the additional funds generated thereby. The metro rail corporation has been advised to develop real estate properties in [...] Continue Reading »
The realty player Pushpam Group has come a long way proving their excellence in Bangalore real estate market. Having roots from Indian floriculture, the group has taken diversification into the development of plots, theme based villa communities and weekend retreats. With the mission of developing safe, eco friendly and self sustainable living communities, Pushpam Group [...] Continue Reading »
The Essar Group’s Equinox Realty which is well known for its property development recently launched a premium housing project in Garden city, Bangalore. The residential project which was launched in Bangalore is named “Water’s Edge”. The Equinox Realty’s giant leap step into residential segments in Bangalore is “Water’s Edge”. The apartment project is spread across [...] Continue Reading »
The developers and land owners in Chennai have a down feeling towards the publicity they are getting for their projects. The awareness created midst citizens are comparatively low and henceforth leading the developers to sell their property at the rate of loss. Meanwhile to initiate this, the rating wing CRISIL has initiated all the housing [...] Continue Reading »
