Tag: Infrastructure Projects

Positive effect of Budget 2012 for Mumbai’s Real Estates.

The increased allocation for highways and other infrastructure projects will help boost development of Mumbai’s outskirts and increase the supply of housing units there. This will result in price stability and affordability over the long term. The investment-linked deduction of capital expenditure in affordable housing, proposed to be raised to 150% from 100%, will also […]

Shapoorji Pallonji Group Focus Infrastructure

Photo by millerm217The multi million Shapoorji Pallonji Group, India’s one of the oldest and biggest industrial house, is putting major focus on “owned” infrastructure as far as the roads, ports and power are concerned. This has been done as the company approaches 150th year of operations. Mr. Shapoor Mistry, Group MD said during a function […]

The TCI Demerger

India’s leading integrated supply chain and logistics solutions provider Transport Corporation of India Ltd announced yesterday that its board members have approved the demerger of their real estate & warehousing undertaking into a new company named TCI Developers Limited (TDL) which will be effective from April 1. The company emailed a press statement saying the […]

Indiabulls leads ‘A’ group

Real estate developer Indiabulls Real Estate soared 27.65% to Rs 136.90, as realty stocks extended gains on hopes cut in lending rates will spur demand for residential properties. The scrip topped gainers in BSE’s ‘A’ group shares. The Reserve Bank of India, on 20 October 2008, cut the repo rate, by 100 basis points to […]

Better connectivity in sight, rush begins for suburbs

Distance is no longer a restriction for prospective buyers on the look out for a dream home. It seems people do not mind traveling a few extra miles as long as the location provides for convenience of commuting. With the announcement of a number of transport and road infrastructure projects, property prices are shooting up […]