Realty News
A news report says that the Indian real estate firm Ajmera Mayfair Realty will raise its current investment in Bahrain Bay Development from USD 30 million to USD 300 million. News report further says that the Real estate developers Ajmera Group and Mayfair Housing have formed the Ajmera Mayfair Realty Group and jointly invested in the acquirer [...] Continue Reading »
Shalimar group is focusing to invest Rs 1,200 crore in its two housing projects in Lucknow. Mr. Khalid Masood, Director of Shalimar Group says that the two projects collectively spread over 275 acres. The company also announced the new project Garden Bay, which spread over 75 acres on Sitapur-Hardoi Road and costing around Rs 200 [...] Continue Reading »
The Southern real estate company has introduced its first 2-BHK (bedroom, hall, kitchen) project in Pune in which each apartment is less than 1 crore. Company also reveals that the Sobha Orion at Kondhwa, Pune will be ready for possession in 2017. Pune ranks in second position in the list of largest cities of Maharashtra [...] Continue Reading »
DLF is coming up with Prime Towers in south Delhi in Okhla, with a target to bring in a new classification to the commercial-cum-retail space in the capital. The completely air-conditioned and vast eight storey commercial space of area approximately 1.95 hectares, is suitable for investors, retail brands, MNCs and bank. The main tower is [...] Continue Reading »
The country’s largest car maker company, Maruti Suzuki India Ltd, plans to buy real estate for dealers in India and constructing factories for its Japanese parent Suzuki Motor Corp. In growing markets like Latin America and Africa—moves that are likely to shock its investors. The two people familiar with the development say that the company, in [...] Continue Reading »
The deficiency of skilled personnel in India’s real estate sector is responsible for slowing down construction activity by an average of six months to a year, that’s why project cost increases. In India Development activity is at all time high and is only expected to increase further in future, According to the rate of urbanization [...] Continue Reading »
The office space of government departments have started reducing because of increase in prices of real estate. In an austerity drive, the central government has ordered to minimize the area of office accommodation. Govt on Austerity drive An order given to government offices by the Ministry of Urban Development a few days ago calls for [...] Continue Reading »
Searches were conducted at 20 locations of real estate major Hiranandani group in Mumbai and other cities by the Income Tax department in connection with alleged tax evasion. People from the Income Tax department who are aware of the developments are saying that the simultaneous searches had been conducted at many locations of the group [...] Continue Reading »
In the coming months if past trends are any indication, real estate prices around the newly commissioned Metro line are expected to rise. MG Road Baiyappanahalli Metro line, which was commissioned in October 2011, has witnessed a great hike in property rates on either of the side. In the words of Industry Prices rose by [...] Continue Reading »
To be able to meet the investment target of Rs 5000 crore in public infrastructure through public private partnerships (PPPs) for the12th Plan period (2012-17), Odisha’s state planning & coordination department has invited proposals from government departments and agencies. The PPP projects are to be taken up in socio-economic sectors like agriculture, water supply, health care, education, municipal services, warehousing, [...] Continue Reading »
