Realty
$25 billion Hinduja Group has committed $10 billion to invest in India and is currently in the process of screening five-six projects in the infrastructure sector. Gopichand P. Hinduja is hoping that the Hinduja Group will be third time lucky in investing in India in a big way after having failed to have done so in 1991 [...] Continue Reading »
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] 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 »
In the past, buying or selling a post apartment in Varanasi outskirts was a farfetched dream, forget convincing anyone to buy or sell. The ancient temple town had people who were not interested in the outskirts or moving far away from the center. They were willing to dodge the ways of traffic, snail paced and [...] Continue Reading »
Sony Corp is soon going to enter into real estate business in August. The company has plans to take the unit public in three years. The company recently set up a real-estate unit in Tokyo. It plans to generate annual sales of 50 billion yen ($488.4 million) in five years. The real-estate entry marks the [...] Continue Reading »
According to the section 185 of the Companies Act 2013, a company cannot give loans to (or provide security on a loan taken by) a person in whom its director is interested. Such a director could mean a director of a lending company or its holding firm, or a partner or relative of any such [...] Continue Reading »
Realty firm Silverglades announced that it will invest Rs 350 crore to develop a housing project at Gurgaon and said that it would tie-up with Age Ventures, the non profit organisation for management of flats for senior citizens. The company plans to develop 950 apartments in this 17.5 acre project, of which 156 flats would [...] Continue Reading »
The housing and urban poverty alleviation ministry (HUPA) minister Ajay Maken presented a new proposal requesting infrastructure status for housing sector and one-year extension of tax relief under Section 80-IB. HUPA asked he infrastructure status for the housing sector under Section 80IA of the income tax Act. The extension of the exemption for the service [...] Continue Reading »
The Bhopal Municipal Corporation (BMC) has send notice to the owners of dilapidated buildings to demolish or reconstruct them as it poses risk to life of consumers, residents and shopkeepers. However, no actions have been taken regarding this from owners side yet. The BMC has marked around 217 buildings which are in bad shape and [...] Continue Reading »
New Delhi- Real estate builder DB Realty said that its subsidiary DB Hospitality is trying to sell stake in proposed hotel project in Delhi International airport and discussions are still going on. In the processing towards the BSE, DB Real estate claimed that DB Hospitality Pvt Ltd (DBHPL) is usually possessing stake in order to [...] Continue Reading »
