Jain Group to build affordable houses worth Rs 2,000 crore in East India
Kolkata-based real estate developers, the Jain Group is planning to build affordable housing projects across four cities in East Indian, entailing a living space of five million square feet at an investment of
Mantri Realty plans six housing projects entailing Rs 1,500 crore investment
With the realty markets stabilizing and buyers coming back Mantri Realty is all set to invest Rs1,500 crore over next three years to launch atleast six housing projects comprising around 2,300 flats across
Slim and tall bollywood actor Shilpa Shetty enters realty sector with Groupco Developers
Now slim and tall buildings will mushroom across the country as a similar structured bollywood actor and owner of IPL Rajasthan team, Shilpa Shetty, is once again entering the male fiefdom - real estate sector. The actor has launched a company, Groupco Developers, in partnership with her friend and first
NAREDCO urges builders to adopt advance technologies for faster execution of housing projects
NAREDCO, the real estate developers’ body wants builders to adopt advance construction technologies for faster execution of housing projects. The developers should adopt modern construction technologies for completing housing projects within 12 months as against nearly 30 to 36 months at present,
Trump eyes Mumbai, NCR ultra-luxury housing markets
Trump Organisation, an US-based real estate major is looking to expand its presence in Indian market and is in discussion with developers in Mumbai and NCR for two Trump-branded housing projects, an India representative said.
Ajay Maken pitches for FSI policy review for mega cities
Ajay Maken, union minister for housing and poverty alleviation made a very strong pitch for a review of floor space idex (FSI) policy of mega cities including Mumbai to encourage affordable housing.
Hyderabad the most affordable realty market in India
According to a study conducted by Knight Frank, a global real estate consultancy, the real estate market of Hyderabad has become the most affordable one when compared to other metros and this current scenario is due to the launch of affordable housing projects which has grown rapidly after the economic slowdown in 2008, reports Times of India.
Reforms, economic growth may push realty sector in 2013
The ministries of Finance and Housing need to set a clear direction for the affordable housing projects, which are estimated to constitute about 90 per cent of the total housing sector business today.
Realty majors announce multi-crore investments on projects
Major developers including Supertech and Ansal API, have announced investments of close to Rs 8,000 crore on projects over the next four years. Realty firm While Supertech will invest around Rs 5,500 crore in the next 3-4 years to develop residential projects and acquire land in North India Ansal Properties and Infrastructure has investment plans of about Rs 1,500 crore in 2013-14 as cap...
NHB asks lenders across country to finance incomplete housing projects
Regulator for housing finance companies, the National Housing Bank, has urged lenders across the country to fund partially finished housing projects that are viable but are stuck because of want of funds or high home prices. "We want to ensure that whatever capital is locked up because of these stalled projects is released and people get their houses," RV Verma NHB chairman sai...
Out of 82 JNNURM projects, only one executed: CAG report
The country’s official auditor, the Comptroller and Auditor General's (CAG) has found several lapses in the Jawaharlal Nehru National Urban Renewal Mission, government’s urban infrastructure development scheme.
Ramprastha Group gets Rs 100 cr from Clearwater Capital for Gurgaon township
Ramprastha Group, a real estate firm, stated that Clearwater Capital Partners, a US-based investment firm, will infuse Rs 100 crore in the form of debt in its 600-acre township in Gurgaon being developed at a cost of about Rs 4,000 crore.
Indiabulls opens its first overseas office in UAE
India’s Indiabulls Real Estate has announced the launch of its first overseas offices in UAE located in Karama area in Dubai. The local representative office will cater to the rising interest and demands of the UAE based NRIs in company's projects across India. With the opening of their first international office, company aims for regional expansion and wider reach.
Nashik Municipal Corp float tenders worth Rs 12 crore for housing projects
Nashik Municipal Corporation (NMC) has invited tenders for private contractors for work amounting to Rs 12.37 crore over the provision of basic amenities to houses being constructed under Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
Centre’s revised income criteria to benefit urban poor
The Union government’s move to revise income criteria for deciding beneficiaries of government schemes for housing under Union ministry of Housing and Urban Poverty Alleviation (HUPA) is expected to help more urban poor. Union minister of HUPA Ajay Maken recently has approved the revision.