Realty News
In the global economic downtime, the companies in India are planning to sale their non-core and core assets to reduce the debt burden. Companies from all sectors like lifestyle, telecommunication, retail, real estate are walking in the same direction. We can see several movements taken by the DLF builder to sell its land bank and [...] Continue Reading »
Upkar Estates Property Developers is in the field of real estate development since 1974 and has grown considerably by leaps and bounds erecting customized buildings to suit the demands of its buyers. The major policy of the Upkar Estates is to provide properties with highest quality at a reasonable cost. Upkar is into both development [...] Continue Reading »
The Uttar Pradesh Power Corporation Limited has disconnected the power supply of nearly 12 apartments in Lucknow. According to Lucknow development authority, those apartments had not got their plans sanctioned and they are illegally constructed. These apartments are in posh residential colonies like Mahanagar and Chinhat without any kind of approval from the development authority. [...] Continue Reading »
The government has suggested tighter rules for foreign direct investment (FDI) in real estate in India which will bar a foreign company from repatriating funds even after the mandatory three-year lock-in period in an Indian company. The new norms will make it mandatory for foreign companies to complete at least 50% of the project within [...] Continue Reading »
Infrastructure has a greater impact on real estate industry in India. After that announcement of cancellation of Jewar Airport Project, the real estate market in Greater Noida and around Yamuna expressway has witnessed a downward trend. The construction of the airport is cancelled on the base of a clause in the agreement between Centre and [...] Continue Reading »
Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai. The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 [...] Continue Reading »
Water scarcity is going to be a challenge for the residents as well as for different civic authorities in India. To overcome the crisis, experts from the industry sector and real estate urged that industries and builders need to implement rainwater harvesting in projects in India. According to the experts, government must provide assistance in [...] Continue Reading »
The builders, developing the mega city in Chennai are struggling to prevent the burglary of construction material from the work site. As a result, the builders are not showing interest to participate in the technical bid for the township projects by the Chennai Corporation. According to corporation officials, small contractors are spreading rumors of possible [...] Continue Reading »
A three-day seminar on Real Estate Management was organized in Bangalore. The students of Acharya Bangalore B School attended this three-day seminar as part of the Management Development program. Realtors and analysts from Indian real estate attended seminar to clearly explain the future prospects and various professional options. Industry experts from Brigade Group, Sobha Developers [...] Continue Reading »
The developers associations in Mumbai are not expecting any price cut for the properties in Mumbai. Due to the slow approval process, high input cost and the higher lending rate of funds, it is not possible for the developers to reduce the cost of properties in Mumbai. The association of builders (CREDAI and MHCI) are [...] Continue Reading »
