Realty News
Aiming to solve the problem of regularisation of unauthorised colonies in the national capital city, the Centre will prepare a draft policy on it in the next 15 days. A concept paper will be prepared within 15 days after which Delhi government, in consultation with the Union Urban Development Ministry, would prepare an action plan [...] Continue Reading »
The government in its effort to gain foreign investors has announced in its 2014-15 Budget two important measures to increase the flow of foreign funds in real estate and reductions in the minimum size of projects from 50,000 square metres to 20,000 square metres, and the investment amount in a project from US$ 10 million [...] Continue Reading »
All the ministries have been demanding reforms in the Land Acquisition bill which was passed by the previous UPA government. In a decision, which could have far-reaching consequences on industrial development, the government may simplify the land reforms laws. On Tuesday, the government tabled the Karnataka Land Reforms and Certain Other Laws (Amendment) Bill, 2014. [...] Continue Reading »
The Ajay Piramal Group is exploring the possibility of buying into Infrastructure Leasing & Financial Services (IL&FS). The Piramal Group is an Indian multinational Company with presence in Pharmaceuticals, Healthcare Services, Life Sciences, Glass Manufacturing and Real Estate. The company’s legal and finance teams are busy charting out the contours of the proposed deal, which has been under negotiation [...] Continue Reading »
The first edition of Index report of the known property portal’ for the period (Apr-Jun 2014) has been reported a largely stable matrix of the demand and supply that is reflecting the little change in the index values. However while the Delhi city index has dropped by 4 percent, the highest in the quarter predictably [...] Continue Reading »
Sriram S Mahadevan who is the Business Head of Mahindra Lifespace Developers compares affordable homes to products carrying maximum retail price or MRP labels. Any rise in the price which is above Rs 20 lakh or Rs 2400-Rs 2600 per sq ft would have the target clientele rejecting the product he said. With 1.5 million [...] Continue Reading »
Inter Continental Hotels Group (IHG) – one of the leading companies in global hospitality – has revealed in a recent statement that it has signed an agreement with realty developer Sikka, for opening a new hotel in Noida. The hotel will be opened under the company’s Crowne Plaza brand; and will mark an addition to [...] Continue Reading »
The urban development minister M Venkaiah Naidu told the Parliament Wednesday that the state of FDI investments is showing green. India’s urban development sector received foreign direct investment (FDI) worth $1.3 billion (Rs 7,924.85 crore) during the 2013-14 fiscal. The FDI, in the form of equity, was used for construction of townships, and in projects [...] Continue Reading »
The third highest increase in property has been observed in Mumbai in comparison to the other major cities over the past seven years. The rise in property is around 129 percent since 2007. Chennai has topped the chart with a 249 percent hike. The other cities that made to the list with an over 100 [...] Continue Reading »
No longer is the Indian real estate sector an unorganised one, thanks to the investments from foreign players and Indian corporate houses. Rapid urbanisation, increasing levels of income and opening up of the sector to FDI have resulted in phenomenal growth of the Indian market. The multiplier effect of the real estate sector is what [...] Continue Reading »
