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Indian Real Estate News : Mumbai
With a population of around 19 million people, Mumbai and its suburbs encompasses one of the biggest urban agglomerates in the world, which is only second to Tokyo. The population of Mumbai is increasing at a massive rate ... more
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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
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
No cement player is a threat to UltraTech: Birla
Source: Business Standard Jul 20, 2016
With the Rs 16,189-crore acquisition of JP Associates' units across the country, UltraTech has acknowledged that it is an undisputed leader in India's 420-million tonne cement industry. ... more
Buy L&T, Hero MotoCorp, Godrej Properties: Motilal Oswal
Source: Business Standard Jul 20, 2016
Here are a few trading calls from Sacchitanand Uttekar, Equity Technical Analyst, Motilal Oswal Securities for trade today: ... more
LIC Housing Finance net profit up 7% at Rs407 crore
Source: Livemint Jul 18, 2016
Housing finance company LIC Housing Finance on Friday reported a marginal 7% growth in net profit at Rs.407.84 crore in the quarter ended June due to higher provisioning. ... more
Motilal Oswal’s investment banking CEO Ashutosh Maheshvari quits
Source: Livemint Jul 18, 2016
Ashutosh Maheshvari, chief executive of Motilal Oswal Group’s investment banking business, has quit the firm to launch a structured debt fund, after 10 years with the firm. ... more
Grow a herb garden at home
Source: The Times of India Jul 16, 2016
Herb gardens can be grown in the smallest of spaces and add more to your menu. It is a myth that these exotic herbs can't be grown in hot climes because the seeds aren't available. Those who stay in small apartments and cannot indulge in gardening due to lack of space, also have reason to rejoice. Floral beds and manicured gardens sure have that come-hither oeuvre and magnetic appeal. Welcome to herb gardens that are garnering a lot of interest these days. ... more
The seventh heaven
Source: The Times of India Jul 13, 2016
Realty sector is expected to witness an increased activity, thanks to implementation of the 7th pay commission. ... more
Houses for different and able: How many?
Source: The Times of India Jul 13, 2016
For differently-abled people, there are still very few friendly houses out here. How? Let's find out... ... more
The default in our stars
Source: The Times of India Jul 13, 2016
Have you checked your creditworthiness lately? We tell you why you need to be less nonchalant about your credit score if you are serious about owning a house. ... more
All you want to know about undivided share or UDS
Source: The Times of India Jul 13, 2016
Undivided share plays a major role when it comes to buying an apartment in a residential complex or a township. ... more
Liability law should not concern anyone: S K Sharma
Source: Business Standard Jul 13, 2016
India’s nuclear capacity will be increased to 12,980 (megawatt) Mw from 5,780 Mw by 2023, based on current projects launched. The existing sites being developed have the potential to launch about 32,000 Mw, through indigenous and foreign reactors. In an exclusive interview to Sanjay Jog, the Nuclear Power Corporation of India’s (NPCIL) newly-appointed chairman and managing director S K Sharma explains the growth strategy. Edited excerpts: ... more
Office space absorption up 46% in June quarter
Source: The Economic Times Jul 13, 2016
Real estate consultancy firm CBRE in its latest report says there has been a quarter-on-quarter (q-o-q) growth of 46 per cent in office space take-up, primarily led by the Delhi national capital region (NCR) and Bengaluru, which accounted for almost 50 per cent of the total space take-up. ... more
Indian builders with assets in London face Brexit risks: Fitch
Source: The Economic Times Jul 13, 2016
Indian home builders who have significant investments in the London property market will face near-term challenges from Britain's vote to exit the EU last month, says Fitch Ratings. ... more
Parliament passes Real Estate Bill; homebuyers, developers to gain
Source: The Financial Express Jul 12, 2016
Real Estate Bill - Parliament Real Estate Regulation and Development Bill is set to become law with the Lok Sabha passing the long pending legislation for housing sector. ... more
Nirma cements $1.4-bn Lafarge India buyout
Source: Business Standard Jul 12, 2016
Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. ... more
'Need to go back to our roots and learn Swachhta'
Source: The Times of India Jul 12, 2016
Towards sustainable transport network The Ministry of Drinking Water and Sanitation, on July 8 and 9, 2016, organized a 2-day workshop in New Delhi for special clean-up of 100 iconic places across the country, starting with 10 in the first phase. Representatives from the following 10 places participated in the workshop, along with representatives from concerned state governments and municipal bodies. ... more
Towards sustainable transport network
Source: The Times of India Jul 12, 2016
Boosting last-mile connectivity, expanding catchment areas for the city’s rapid transit systems; direct impact on real estate development ... more
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