Tier-II city
In a recent announcement, German high-end domestic appliances manufacturer Miele has disclosed that its key focus area in India will be tier II markets. According to the details shared by Miele India’s Managing Director Rana Pratap Singh, the tier II markets which the company plans to foray into by the end of 2014 include Chandigarh, Jaipur, [...] Continue Reading »
Representatives of banks have expressed that they want the Reserve Bank of India (RBI) to relax the norms on asset classification in the real estate sector to facilitate credit flow. The revelation came in the wake of the finance ministry asking banks to increase lending to residential housing projects, so as to revive the cash [...] Continue Reading »
TATA Housing has recently announced a project in one of the Tier-II cities of India- Bhubaneswar. Bhubaneswar Development Authority (BDA) has approved the plan. The project is spread over 12 acres of land and will cost around Rs 700 crores. The project is being developed viewing the booming IT and metal industries in the city. [...] Continue Reading »
