Realty News
Private equity firms Blackstone and KKR are in talk with UB Holdings for buying the UB City. It is being said that the office real estate of the UB City may be sold at a price of Rs 650 crore. The higher officials of UB group are refused to comment on the development. The UB [...] Continue Reading »
The Delhi government has planned to construct eight new hospital in the city. This move will enhance the healthcare infrastructure of the city. Five projects will be done in Burari, Madipur, Siraspur, Hastsal and Ambedkar Nagar while two other will be constructed in Sarita Vihar and Pooth Khurd. A 750-bedded hospital is also being set [...] Continue Reading »
The real estate is the second largest employment generating sector in India. The builders associations are demanding for a special status on a par with industry for this sector. NAREDCO (National Real Estate Development Council) and CREDAI (Confederation of Real Estate Developers’ Association of India) made several representations to the Union government demanding special status [...] Continue Reading »
To support the growing demand for commercial and residential properties in India, the real estate is expanding to grow in the urban India. With the growth of the real estate activity in urban India, the demand for energy and water is also increasing. To facilitate adequate supply of water and energy, the builders must promote the [...] Continue Reading »
Sundaram BNP Paribas Home Finance has decided to raise funds for investment into real estate home loan. The group will raise Rs 2700 crore in this financial year 2012-13. The company would raise the funds through non-convertible debentures and by refinancing from National Housing Bank. Sundaram home loan also set a target to disburse home [...] Continue Reading »
Shortage of sand supply in Hyderabad and the city suburbs affected the construction activity in the state. Some of the projects in Hyderabad have exhausted their sand stocks and in the absence of replenishments are forced to stop further work. Several projects are in advanced stages of completion and scheduled for handover in the coming [...] Continue Reading »
The Indian cities are rushing to prepare master plan for the overall development in real estate, retail and infrastructural growth of the city. Similarly, recently the Tamil Nadu government has decided to roll out a master plan looking forward for well infrastructured and planned Chennai city. Under the guidance of Urban Development Plans Formulation and [...] Continue Reading »
Many realty-focused funds started to close the investment deals before starting the fund raising program. There are many firms who was locked deals before they set out to raise funds. Most of the real estate focussed private equity funds have seen a paradigm shift in terms of fundraising. Nearly all of them are now locking [...] Continue Reading »
The real estate guidelines in Chennai state has been revised! The Tamil Nadu government has notified rates for registration of properties in Chennai city. According to the realty experts the Tamil Nadu government has overtaken by 10 to 45 percent. These fresh guidelines has been revised after a gap of five years according to prevailing [...] Continue Reading »
As of now only loan-linked properties are being put in the registry. To improve the transparency of the deal in real estate, it is proposed to include all transactions of the real estate projects in the central registry. The National Housing Bank proposed for a pilot project for registering all properties in central registry. According [...] Continue Reading »
