Real estate projects
Essel Finance plans to raise Rs. 2,300 crore from the overseas and domestic markets this fiscal year. This money will be used to finance the real estate projects. The banks are reluctant to lend and this situation has created a demand for the alternative funding options. Unlisted Essel Finance’s plans include raising $300 million (Rs. [...] Continue Reading »
Adani Group seems like it’s launching projects in a hurry, with talk of so many projects in the pipeline, just waiting to be launched. On the day of the election results, after Modi came out victorious, Adani Group announced their Rs 4,400-crore acquisition of the Dhamra port. Only a week after this announcement, Adani Realty, [...] Continue Reading »
Due to recession in industrial and real estate sectors and decline in the LBT rates of some of the commodities the revenue of the Nashik Municipal Corporation (NMC) through the local body tax (LBT) has declined by 13.46% to Rs 601.88 crore in the current fiscal year as compared to the revenue collected during the [...] Continue Reading »
According to information issued by the Delhi LG’s office, the working procedures of DDA will be changed to improve its efficiency. LG Najeeb Jung recently held a meeting with National Productivity Council (NPC), which is busy in analysis on the structure of DDA, which would recommend changes in the working procedure of DDA. The meeting [...] Continue Reading »
During this calendar year, Realtor Paarth Infrabuild has intended to invest about Rs 5,000 crore in different projects to be launched in Uttar Pradesh. Paarth Director and Promoter Pradeep Misra told sources, the real estate projects would primarily be launched in Lucknow, Noida and Kanpur. He informed, “We aim to develop area aggregating 12 million [...] Continue Reading »
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »
Over the years, real estate has grown vastly in the prime cities of India such as Mumbai, Delhi-NCR, Chennai, Bangalore and Kolkata. The leading cities witnessed rapid growth with the wide-spreading industrialisation attracting massive population. After the tier-1 cities, now it’s time for the tier-2 and tier-3 cities to see significant pressures on their infrastructure [...] Continue Reading »
In order to boost the real estate of Mangalore, Crisil Limited has allotted ratings for three project by Land Trades- a city based real estate company. Ouranai and Sai Grandeur are the two completed projects by Land Trades which have been given 7 star ratings, and its ongoing project- Maurishka Palace has got 5 star [...] Continue Reading »
Hyderabad- Reputed real estate player, Sobha Developers is looking for opportunities in the Hyderabad realty market. It has also set up an office in the city. The company is also planning to foray into Kochi, Kozhikode (Calicut) and Noida or Ghaziabad region. Sobha has recently launched its fifth residential project in Pune named “ Sobha [...] Continue Reading »
The new project launches in Delhi-NCR is highly affected by project approval delays, increasing costs and lackluster demand from the buyers. The new launches in NCR has dropped by 35 percent to 5,208 when compared to the statistics of last year which was around 8, 041 units. Launches were limited to few areas like Greater [...] Continue Reading »
