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Indian Real Estate News : Kolkata
Kolkata, a major metropolitan city of India, has been known as the commercial capital of Eastern India as it is the only IT hub in that region. The city accommodates more than 15 million people in an area of 185 km2 (71 sq mi) ... more
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Ageing in peace
Source: Financial Chronicle Aug 05, 2016
Old age homes, once stigmatised as living places for abandoned parents, have given way to smart retirement houses ... more
New regime to cement real estate sector, benefit buyers
Source: Business Standard Aug 05, 2016
A single consolidated tax, freeing the real estate sector from 16 major taxes and levies, has the real estate sector pumped. ... more
Housing finance companies need Rs 28,600 cr more to achieve 22% CAGR
Source: The Financial Express Aug 03, 2016
Housing finance companies (HFCs) will need additional capital of Rs 18,600-28,600 crore – roughly 30-50% of their current net worth – to be able to achieve a compounded annual growth rate (CAGR) of 20-22% for the next three years, rating agency Icra said in a report on Tuesday. ... more
Timely delivery of projects very important: Draft rules
Source: The Times of India Aug 03, 2016
Timely completion of the project and timely delivery of the apartment or plot to the allottee by the promoter is the essence of the Agreement to be signed between the promoter and allottee under the Real Estate (Development & Regulation) Act, 2016. ... more
Far from the madding crowd
Source: The Times of India Aug 03, 2016
There is so much that can be done in terms of landscaping. Be it a little green cocoon or a sprawling garden, there are numerous way to reinvent any outdoor space. ... more
Property works well as an investment option
Source: The Times of India Aug 03, 2016
A property should figure in an investment portfolio as it helps beat the inflation effect and delivers high returns. Anil Rego, an investment consultant, has some tips for investors. ... more
Why invest in property?
Source: The Times of India Aug 03, 2016
Real estate has always yielded high returns and beaten the inflation effect on investments. ... more
Get that space!
Source: The Times of India Aug 03, 2016
Here is how one can make the home look spacious with light paints, smooth cool tiles and apt furniture without cluttering. ... more
Living room decor sets the tone
Source: The Times of India Aug 03, 2016
You need to focus on this space and choose its decor scheme carefully as it creates the first impression of the home. ... more
Place much higher emphasis on investment in building infra
Source: The Times of India Aug 02, 2016
A few questions frequently discussed in many forums specifically in the last one year relate to steel intensity of many economic indicators with which some commodities are supposed to be correlated. It is perceived and rightly so that as these macro indicators move upwards they would push up the growth of a slew of commodities like steel that has been traditionally linked inseparably with the growth and progress of the economy. It is, however, easy to conclude that if the country’s GDP is contributed more by sectors that either do not or barely use steel then surely steel has a lesser role to play in the country’s progress. For a longer time series, say, during 1992-93 to 2013-14, steel had a GDP elasticity of 1.1. In the last few years during 2008-09 to 2013-14, the elasticity has come down to 0.72. ... more
Infra sector expands 5.2% in June as coal production hits new high
Source: The Financial Express Aug 02, 2016
The output of eight infrastructure industries rose 5.2% in June, compared with 2.8% in the previous month, as coal production touched a 19-month high and cement, fertiliser and electricity sectors performed well. However, contraction in crude oil and natural gas continued, showed official data released on Monday. ... more
Sagarmala: Govt's aim to optimise logistics with minimum investment
Source: Financial Chronicle Jul 25, 2016
Steps are on to operationalise waterways and increase freight traffic volumes through this mode of transport under the Sagarmala project, the government today said. ... more
Ultratech Cement stays at ‘Buy’, target price raised to Rs 3,670
Source: The Financial Express Jul 22, 2016
In the post result call, management appeared confident on: robust demand uptick — especially in rural areas — from H2FY17; lack of new greenfield capacities implying a cyclical upturn for the sector; blended cement proportion rising to 67% (earlier pegged at 62%), which lowers cost of production medium term initiatives include setting up 50MW of waste heat recovery plant-which would further lower cost of cement production.(Reuters) ... more
IL&FS, Sterlite Power seek Sebi nod for infra investment trusts
Source: Business Standard Jul 22, 2016
IL&FS Transportation and Sterlite Power Transmission Trust filed an application with market regulator Securities and Exchange Board of India (Sebi) to raise funds through an Infrastructure Investment Trust (InvITs). ... more
Lanco makes last-ditch effort to avoid strategic debt restructuring
Source: Business Standard Jul 22, 2016
The management of Lanco Infratech is making last-ditch effort to raise additional equity and funds to avoid strategic debt restructuring (SDR), under which the lenders will take over the company and sell it off. The SDR kicks in when an entity fails to show recovery despite getting relief in loan repayment terms through corporate debt restructuring (CDR). ... more
860 projects approved involving construction of 7.28 lakh units
Source: The Economic Times Jul 22, 2016
Nearly 19,300 house were constructed under Pradhan Mantri Awas Yojana (PMAY)-Urban even as government has approved about 860 projects, involving construction of 7.28 lakh units. ... more
2.17 lakh houses made under JNNURM, Rajiv Awas Yojna vacant
Source: The Economic Times Jul 22, 2016
Over two lakh houses, constructed under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Rajiv Awas Yojana (RAY), have been lying vacant across the country, the government told the Rajya Sabha today. ... more
Infra Monitor: End of one of the darkest chapters in India’s infra story
Source: The Financial Express Jul 20, 2016
The Central Electricity Authority (CEA) has forecast that, for the first time ever, India will have surplus power in the current fiscal. ... more
Maritime infrastructure: How safe pvt sector finds govt harbour is key
Source: The Financial Express Jul 20, 2016
To enhance the efficacy of the country’s maritime infrastructure and services, the government is formulating various measures ranging from policy reforms to creation of new infrastructure. Some of the key measures include Sagarmala, revision in Model Concession Agreement (MCA) and a new legislation, the Central Port Authorities Act (CPA Act). While Sagarmala is expected to carve out the approach for creation of maritime infrastructure, measures like a revised MCA and the new CPA Act will offer a conducive regulatory environment to fast-track development. ... more
Ultratech Cement profit soars 29% at Rs 780 cr
Source: The Financial Express Jul 20, 2016
India’s biggest cement company by capacity UltraTech on Tuesday reported a strong 29.17% year-on-year rise in its net profit to Rs 780.11 crore for the three months to June. ... more
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