SEZ
Chennai- Lancor Holdings, Chennai based leading developer has announced that it has acquired 6.5-acres plot near Maraimalai Nagar on the GST Road for Rs 40 crore. The company in a regulatory filing with stock exchanges disclosed the purchase of 100 percent equity shares of L&T Commercial Projects Pvt Ltd. However, the firm did not reveal [...] Continue Reading »
Prospering real estate market of India is a great option for investment for builders and buyers too. If any prime developmental work or new project such as a tech park, an airport, a railway station, a metro work, or a special economic zone (SEZ) is upcoming in an area, then immediately the price of properties [...] Continue Reading »
The new Draft Development Plan of Gurgaon-Manesar Urban Complex-2031 states that land will be no longer acquired for the SEZ (special economic zone) purposes. The provision, one among several others, comes in the wake of viability of SEZs put in question. Reliance Haryana SEZ Limited’s (RHSL) inability to purchase and accumulate contiguous lands for their [...] Continue Reading »
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »
With the announcement in budget, enhancing the low cost affordable housing projects, Reliance Industries Limited planned to construct the low cost housing projects in India. Mukesh Ambani, dreamed of constructing affordable housing in 2009. But those plans have not been executed till now. Now the firm is targeting to utilize the unused lands for constructing [...] Continue Reading »
An IT SEZ was sold for Rs 810 crore in Pune. The SEZ, jointly hold by DLF Ltd and Hubtown Ltd has been sold to Blackstone, a private equity fund company. Both the real estate developers had stakes in the company with DLF having 67% in it. The SEZ was situated in the Hinjewadi area [...] Continue Reading »
Sector 22, Gurgaon residents are against laying wires in their area. The high tension wires were being installed for the upcoming special economic zone (SEZ). Worried over the ill effects of the 11 KV electric lines, the residents protested and prevented the labourers to lay the wires for safety reasons. Police had to be called [...] Continue Reading »
While homebuyers have suddenly become wary of investing in the Noida Extension-Greater Noida belt, house prices in Ghaziabad are on an upswing, with middle-income buyers looking upon the area as a ‘safe bet’. Builders say both enquiries and bookings for flats have increased since the land acquisition controversy erupted in Noida Extension. Older and more [...] Continue Reading »
