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Realty firm Unitech is looking to raise about Rs 500 crore from private equity firms for the development of housing project in Noida and repay LIC’s debt. The company is in advance stage of discussion with 2-3 private equity firms, including one from the Middle East, to raise funds, sources said. Unitech would use the amount raised to clear the […]
Read moreReserve Bank of India governor Raghuram Rajan has slashed rates by 25 basis points to 6.50%. This is expected to have a direct impact on home loan rates which will get cheaper by at least half a percentage point.
Read moreThe KMP Expressway will give a fillip to the surface infrastructure landscape in NCR GURGAON: The opening of Palwal-Manesar stretch of Kundli-Manesar-Palwal Expressway has come as a shot in the arm of developers in the area who are expecting unprecedented gains due to increased connectivity. The 53-km stretch of KMP Expressway was inaugurated on Tuesday by Union transport minister Nitin […]
Read moreCorporate real estate space take-up during the quarter was led by Delhi-NCR with a share of 31% of total transacted space in the leading cities, followed by Mumbai (23%) and Bangalore (17%). NEW DELHI: After the strong December quarter, the first quarter of calendar year 2015 was a sluggish one for office space absorption in India with approximately 5 million […]
Read moreNew Delhi: Interest on home loans is expected to come down helping a revival of housing sales following the Reserve Bank of India’s lowering of policy rate by 0.25 per cent today, say realty experts. The RBI has reduced the short-term lending rate by 0.25 per cent to 6.5 per cent. The total reduction is now 1.5 per cent since […]
Read moreGURGAON: The revised layout plan of Sector 110 A has been approved by Huda, paving the way for allotment of alternative plots to ousters for the Dwarka expressway project and clearing a major hurdle in the way of the completion of the much awaited new corridor between Gurgaon and Delhi. Huda officials said that with the green signal to the […]
Read moreNEW DELHI: Infrastructure major Larsen & Toubro (L&T) has won Rs 2,271-crore orders that include a major commercial development and a transmission line contract in Thailand. “The Construction arm of Larsen & Toubro Ltd has won orders worth Rs 2,271 crore across its various businesses. Buildings & Factories Business has bagged a major turnkey order worth Rs 1,500 crore from […]
Read moreGURGAON: Huda has plans to launch 11 new sectors in the Gurgaon division. However, in the absence of land in the district, these new sectors will be developed in places like Rewari, Bhiwani, Hisar, Kurukshetra and Sonipat. Officials said the urban development agency is expected to earn over Rs 6,000 crore by selling plots in these sectors, which will help […]
Read more“Apart from focus on building smart cities, providing affordable houses to the poorest of the poor also tops the agenda of the Narendra Modi government” Nitin Gadkari At a time when only one per cent of India’s population can afford a house above Rs 10 lakh, the government is not only committed to building smart cities but also to offering […]
Read moreGurgaon :Realty major DLF has leased about 3.5 lakh sq ft of office space to Samsung India Electronics in its commercial complex at Gurgaon that has been constructed at an estimated cost of over Rs 400 crore. According to sources, Samsung India Electronics has leased about 3.5 lakh sq ft in this office building for its India headquarters. DLF has […]
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