DLF to sell convention centre project, wind power business for Rs 1800 crore
NEW DELHI: DLF, the country’s biggest real estate firm, will sell a convention centre project in Delhi and its wind power business for about 1,800 crore early next fiscal, a senior company executive said. The developer, which had a debt of over 22,000 crore at the end of September, is hoping to raise 3,000 crore [...]
Finally, flat buyers will also be owners
New Delhi: High Court tells authorities to execute deed of apartment, make sale and transfer of flats easier To ensure that apartment buyers do not have to struggle to sell their property, obtain loan on it or leave it to their children as legally recognised legacy, the Delhi High Court has set the ball rolling [...]
Developers want ‘force majeure’ in draft Realty Bill
Real estate developers, smarting from the Greater Noida debacle where the Allahabad High Court halted construction of disputed projects, have sought inclusion of “force majeure” provisions in the proposed real estate bill drafted by the central government. The developers’ associations — Confederation of Real Estate Developers’ Associations of India (CREDAI) and National Real Estate Development [...]
Private equit Investments soar 75% in realty, mutual funds shun sector on rising interest rates
KOLKATA/NEW DELHI: Private equity investments in India’s real estate projects have grown more than 75% over the past year, even as mutual funds and other investors have shunned this sector because of rising interest rates and falling revenues. Analysts say developers approach private equity players and are more amenable to negotiations during such downturns. That [...]
स्टेट बैंक ने होम लोन पर प्रोसेसिंग फीस आधी की
मुंबई।। भारतीय स्टेट बैंक (एसबीआई) का होम लोन अब कुछ सस्ता पड़ेगा। इस मार्केट में दखल बढ़ाने के लिए देश के सबसे बड़े बैंक ने तरकश से नया तीर निकाला है। उसने होम लोन प्रोसेसिंग फीस आधी कर दी है। यह सरकारी बैंक की प्राइवेट बैंकों को खुली चुनौती है। एसबीआई के एक सीनियर एग्जेक्युटिव [...]
IDFC to drop NDMC mandate on Taj Mansingh?
MUMBAI: Infrastructure Development Finance Co (IDFC), which was selected by New Delhi Municipal Corp (NDMC) to advise it on lease renewal for the property that houses the iconic Taj Mansingh Hotel, may not take up the advisory assignment to avoid a probable conflict of interest. HDFC chairman Deepak Parekh heads IDFC board of directors besides [...]
MCD sits on 135 crore meant for rural projects
New Delhi: With state corporation elections just months away and developmental work hurriedly taken up,many Municipal Corporation of Delhi (MCD) projects have hit a dead end.While presenting the budgetfor 2012-13,variouscommittees didnt propose any new plan but instead blamed the administrative department for delaying developmental projects. According to the rural committee,the civic agency didnt spend a [...]
Metro to link Kotla and Ambedkar stadiums
If inadequate parking facility and public transport system prompted you to cancel plans of watching IPL cricket matches at the Feroz Shah Kotla Stadium last year, here is something that will make you happy. Two of the busiest sports facilities in the Capital — the Feroz Shah Kotla and Ambedkar stadiums — are all set [...]
Need to simplify building by-laws in Delhi, says DUAC
NEW DELHI: In a bid avoid undue delay in approval of building proposals, the Delhi Urban Art Commission (DUAC) has recommended simplification of building by-laws and setting up of a single window clearance system. As the present building proposals require approval of multiple authorities like local body, fire brigade and others, the DUAC said it [...]
