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Infrastructure development

SBI says, Banking foray may dilute IDFC’s infra focus

SBI says, Banking foray may dilute IDFC’s infra focus
Infrastructure sector is likely to be affected by the RBI decision to award the IDFC a full-fledged banking license, as it has been facing a slowdown already and the company was a leading an integrated infrastructure finance player ,as told by the State Bank of India (SBI), the country’s largest lender. Arundhati Bhattacharya, SBI chairperson [...] Continue Reading »

Tatas Plan $8-billion Infra Push

Tatas Plan $8-billion Infra Push
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »

Tamil Nadu gears up to improve infrastructure; plans to spend Rs.13,000 Crores

Tamil Nadu gears up to improve infrastructure; plans to spend Rs.13,000 Crores
The Tamil Nadu government is giving a lot of thought to the infrastructure development of the state to promote industries. The state government presented a no new-tax budget for 2014-2015. This move to promote industries amidst a “failing macro environment” is being taken to support the economic growth in the state. The government has decided [...] Continue Reading »

Land acquisition and policy paralysis issues should be addressed

Land acquisition and policy paralysis issues should be addressed
The construction sector in the past 2-3 years has been witnessing order inflows with land acquisition and policy paralysis issues being the key factors. It is expected that the upcoming Budget will usher in solutions in terms of allocation across segments like roads, urban infra, irrigation, power and so on. The realty industry expects that [...] Continue Reading »

Mumbai-based Disha Direct launches Cidade Vida at Alibaug

Mumbai-based Disha Direct launches Cidade Vida at Alibaug
Mumbai- Mumbai-based realtor, Disha Direct, has launched a premium Goan theme residential project at Alibaug, near Mumbai, with an initial investment of Rs 10 crore. The developer, which is mainly into second home business, has launched Cidade Vida which uncovers profitable investment. According to the developer, Alibaug was chosen to launch the project because it [...] Continue Reading »

Plot investment a popular option in Delhi/NCR

Plot investment a popular option in Delhi/NCR
Delhi/NCR- Although investment in flats have always been a favorite among the buyers, plots are not far behind. Buyers preferring to stay in independent homes with a garden and a patio are opting for plots rather than apartments. This is the right time for people who would like to invest in plots as there are  suitable land [...] Continue Reading »

Developers reluctant to take up new road development projects

Developers reluctant to take up new road development projects
New Delhi- Over Rs 15,000 crore of several infrastructure development firms has been locked up in the ongoing highway projects as the concerned officials are not ready to approve excess cost for projects even though the costs are legitimate. All such additional payments made over extra works and costs, which are permitted during road construction works, has [...] Continue Reading »

Real estate market boom in Medavakkam

Real estate market boom in Medavakkam
Chennai- According to a report by Knight Frank, in next five years Medavakkam is expected to outscore other residential hubs with regard to real estate property. Medavakkam is among 13 top investment destinations to appreciate more than 90 percent. The survey has taken a number of things into consideration such as lifestyle change, job creation [...] Continue Reading »

Hyderabad sees stabilisation of office realty market

Hyderabad sees stabilisation of office realty market
The infrastructure development in Hyderabad has paved way for further improvement of the city in terms of commercial spaces. The decision makers are working on consolidating the requirements and the city is all set to get a major turnaround as the office market is in great demand. However, the office rentals will be increased in the coming months as [...] Continue Reading »

ASK Property invests 100 Cr in Mumbai project

ASK Property invests 100 Cr in Mumbai project
ASK Property Investment Advisors, the real estate private equity (PE) arm of diversified financial services company ASK Group, has invested Rs 100 crore in a Mumbai-based residential project in Mulund, being developed by Rajesh Builders. Raj Altezza Project will be completed in two phases and will occupy 400 units in total. The cost of the [...] Continue Reading »