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Indian Real Estate News : Lucknow
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Will UltraTech sustain its lead?
Source: The Economic Times Aug 29, 2016
This month’s approval by Competition Commission of India (CCI) to acquire the Jaiprakash group’s 21.1 million tonnes (mt) of cement assets will catapult the Aditya Birla Group’s UltraTech way ahead of its close competitor, Switzerland-based LafargeHolcim. On completion, the acquisition would see UltraTech’s cement capacity cross 91 mt, significantly widening its lead over LafargeHolcim, which controls ACC and Ambuja Cements. However, it is not this acquisition that has put UltraTech in the top slot but its aggressive growth strategy in the past decade. ... more
Mumbai Metro: A better ride for commuters
Source: The Financial Express Aug 29, 2016
That’s not to say the city’s first metro line hasn’t proved to be a boon for more than 15 crore people who have used it since operations began. (Reuters) That’s not to say the city’s first metro line hasn’t proved to be a boon for more than 15 crore people who have used it since operations began. (Reuters) ... more
Tirupati vies to be on smart city list
Source: The Times of India Aug 25, 2016
Anticipating that Tirupati might find a place in the forthcoming list of 'smart cities', the Tirupati Municipal Corporation is mulling to take the support of France and US for its development. ... more
Real Estate Regulatory Act will boost FDI in the sector, says FICCI study
Source: The Economic Times Aug 25, 2016
The recently cleared Real Estate Regulatory Act (RERA) will bring in transparency in real estate transactions, reducing the number of litigations in the sector, according to a survey-based report by FICCI and Grant Thornton. ... more
Government allows cancellation of 4 SEZ projects
Source: The Economic Times Aug 25, 2016
The government has given go-ahead for the cancellation of projects to four special economic zones (SEZ) developers including those of Broadway Integrated Park and Veritas Infrastructure Development. ... more
Heard about 'Book your home and fly to Rio' offer?
Source: The Times of India Aug 18, 2016
Tata Housing, one of the fastest growing real estate companies in India, today announced the ‘Book your home and fly to Rio’ offer on its project Rio-De-Goa, launched in 2015 amidst much celebration. Home buyers who book apartments at Rio-De-Goa before 31st August 2016, can avail return tickets to Rio de Janeiro, the ultimate carnival destination. Bookings are open online now at Rs. 30,000 for 2 and 3 BHK residences starting at Rs. 67 lakh onwards. ... more
Global investors keen on Indian real estate
Source: The Times of India Aug 16, 2016
Global investors are looking at the Indian real estate sector with a great deal of enthusiasm, following the recent policy reforms, including Real Estate Regulatory Act (RERA), 100% FDI in construction and easing of REITs regulations, said Colin Dyer, CEO of US-based JLL Inc. ... more
Mumbai airport invites bids to develop five land parcels
Source: Livemint Aug 12, 2016
Mumbai International Airport Pvt. Ltd (MIAL), led by a GVK Power and Infrastructure Ltd consortium, has invited bidding for selling five land parcels of GVK SkyCity, a mixed-use development project near Mumbai’s Chhatrapati Shivaji International Airport, a person close to the development said. The 20 million sq. ft commercial business complex will be built over a period of 10 years. In 2014, MIAL had awarded 1.16 million sq.ft of land of GVK SkyCity project to Oasis Realty Pvt. Ltd for Rs.580 crore to develop commercial space. ... more
Milestone Capital Advisors raising Rs1,400 crore commercial real estate fund
Source: Livemint Aug 12, 2016
Milestone Capital Advisors Ltd is raising its third commercial real estate private equity fund of almost Rs.1,400 crore, said a top executive of the property-focused investment firm. ... more
Hawelia Group set to surprise buyers on I-Day
Source: The Times of India Aug 12, 2016
Hawelia Group salutes the members of Indian Armed Forces this 70th Independence Day of the nation. To commemorate the Independence, the Group is offering a special additional discount of Rs. 70,000/- for both of its projects- Hawelia Valenova Park and Hawelia Valencia Homes at Greater Noida West. ... more
Tulip Infratech launches green building in Gurgaon
Source: Financial Chronicle Aug 11, 2016
Tulip Violet is a green building in the making and has been pre-certified as gold rated green building by IGBC ... more
NTPC raises Rs 2,000 crore in country's first Green Masala Bonds
Source: Business Standard Aug 06, 2016
The country’s largest power producer, NTPC, raised Rs 2,000 crore through rupee-denominated green masala bonds from offshore markets. The company launched the bonds on Wednesday, with an initial target to raise Rs 1,000 crore. The company raised the size to Rs 2,000 crore and priced the bond at an annual yield of 7.48 per cent with five-year tenure. ... more
Source: The Times of India Aug 06, 2016
A single indirect tax, encompassing all goods and services, will go a long way in ushering in transparency, efficiency, and competency in the business environment of the country. ... more
The new normal
Source: The Times of India Aug 06, 2016
Last night just when I was wrapping up my work, which happens around 11 pm, I had a conversation with a very excited colleague. This colleague -a young woman in her early 30s had been agonising over buying a home for over two years. For over two years, she had been visiting sales offices and construction sites all over the city and she had been using me as a sounding board for her choice of location, developer and home loan. She and her husband had finally settled on a home that they had bought over the weekend. ... more
No room for black money
Source: Financial Chronicle Aug 05, 2016
Though the current recomme­ndations of SIT will help reduce black money in the real estate sector, tax rationalisation is a must to ensure complete clean-up ... more
Waiting for the Godot
Source: Financial Chronicle Aug 05, 2016
GST will deeply impact the real estate sector, which is subject to a plethora of taxes levied by the central and state governments ... more
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
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