Real estate promoters
The National Capital Region Planning Board (NCRPB) has asked Haryana government to address environmental concerns raised by various quarters in the state’s sub-regional plan, with the aim of preventing construction activities in Aravalis including Mangarbani forest. To demarcate the Mangarbani grove as a ‘no-construction zone’ and to limit construction to 0.5 per cent in the [...] Continue Reading »
The government is set to enact a new law to constitute a regulatory authority to look after issues relating to real estate sector in order to bring in transparency. According to sources, a new Real Estate (Regulation and Development) Bill, 2012 is on the agenda of the Union Cabinet. The draft bill is likely to [...] Continue Reading »
The Maharashtra government has announced that it will soon increase the floor space index (FSI) in the state. The consideration comes as a way to permit developers to build taller buildings to promote the development of integrated townships around the state’s densely populated cities such as Mumbai and Pune. The government also sees it as [...] Continue Reading »
Almost every quarter Indian realty companies have no other go but to pledge more shares in a bid to raise their liquidity. Hike in property prices combined with high interest rates seems to be giving tough fight in share investments. According to the research conducted by ICICI direct, the percentage of real estate promoters in [...] Continue Reading »
Hats off to real estate companies in India! Midst falling share prices and challenging business environment, real estate promoters still hold three percent of share in realty market. Shareholding has witnessed a continuous raise from 67.66 per cent to 70.16 per cent since march. This data was collected by entities like; Nitesh Estates, Peninsula Land, [...] Continue Reading »
