Tag: Townships

RBI Tighten Ropes On Real Estate

sIn a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on. RBI […]

Southern Province Picks Up

.The  Southern Province of India has shown a demand in Real Estate properties over the last few months which is a good news for the people in the realty. The Realty sector in Hyderabad, Andhra Pradesh has shown sudden upsurge after the recent political turmoil it went through. The demand for both, commercial as well […]

Sahara announces partners for residential projects

Sahara Prime City, the real estate arm of Sahara India, has appointed different construction companies for developing residential blocks at Sahara City Homes. The projects are the part of Sahara’s chain of 217 townships to be developed across India. Each township is spread over 100-300 acres. Development of the townships is taking place in phased […]

Realty developers to meet RBI Governor for more packages

Members from the Confederation of Real Estate Developers Association of India (CREDAI) will be meeting the RBI Governor D Subbarao next week to demand more Government support for the struggling real estate sector. The developers are likely to push for lower interest rates and restructured debt for the developers. Speaking to The Indian Express, Pradeep […]

Sahara Prime City to raise Rs 2000 crore to build townships

Realty firm Sahara Prime City said it would raise Rs 2,000 crore in the next 12-18 months to part fund development of 217 integrated townships across the country. The company, which is planing to invest the amount in the first phase of the plan that will see development of 102 townships, is looking at both […]

HCC’s new townships on hold

Given the current turmoil in the market and subsequent impact on real estate, Hindustan Construction Company has decided to put on hold its planned townships in Pune, Nasik and Thane. Land acquisitions for these projects have been deferred for now given the high interest rates and low liquidity in the market. HCC will focus more […]

TDI Infrastructure To Invest Rs 300 Crore

Real estate firm TDI Infrastructure plans to invest Rs300 crore in developing two township projects over the next 4-5 years. “In the next six months, we will be launching two residential townships in Indore and Meerut spread over 150 acres each. Once all regulatory issues are solved, we will start construction,” TDI Infrastructure Managing Director […]

Nirmal Lifestyle Ltd Tied Up With The American Tennis Association

Developer Nirmal Lifestyle Ltd has tied up with the American Tennis Association to use the US Open brand for amenities at its projects in India. “We are building sports infrastructure as part of our lifestyle city projects and are doing a series of global tie-ups,” Chairman Dharmesh Jain said. Under the 10-year arrangement, the Mumbai-based […]

MSL Will Invest 200 Million Dollar In Indian Realty

Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year. MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas. The company […]

Sahara India Group To Explore Business Prospects In UAE

Indian company Sahara India Group said it will explore business prospects in the UAE. Subrata Roy chairman of Sahara will be in the UAE to look for prospective projects in different sectors. Sahara India Group, which puts the market value of its property at more than fifty billion dollar, has diversified business interests in areas […]

First IT/ITES SEZ Of Maytas Properties

Maytas Hill County SEZ, the first IT/ITES SEZ of Maytas properties, a property development company headquartered in Hyderabad, has been launched. The company is planning to build two more IT and ITES SEZs, each at Gopannapally and Gundlapochampalli. Coming up in a 74-acre plot at Bachupalli with an investment of Rs 2,500 crore, the Hill […]

Express Estates Home Expo

Pune, May 16:- The Express Estates Home Expo was inaugurated by Mayor Rajlaxmi Bhosale at Sakhar Sankul on Friday afternoon, setting in motion the three-day event. The Expo will not only be a one-stop shop for people interested in buying properties in the city, it intends to set a benchmark by educating the public on […]

Munjal Family Ready For Real Estate Business

NEW DELHI: The Munjal family, known for the two-wheeler business, is planning for real estate business. After announcing a tieup with the world’s largest commercial vehicle maker Daimler, the company has lined up major plans in the real estate sector that comprise developing residential townships, industrial parks, hotels, resorts and leisure centers all over the […]