Search Results: real estate development (1951)

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Scaling up the liberty of choice

With the reasonable expectation of a roof over the head not very long ago, the real estate boom in the last decade has scaled up the liberty of choice for the average home buyers. While the aspirations of even the middle and lower middle income with moderate budgets have gone up, there are very many residential projects launched in recent times that seem to fill the gap with the promise of faster deliveries, hi-tech amenities, luxurious lifestyle, lush green surroundings within the affordable range of 20-40 lakhs.

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Ansal API to raise 500 cr from private equity

Realty firm Ansal API is looking at a fund infusion of about Rs 500 crore from a host of private equity investors, including IL&FS Investment Managers and Red Fort Capital, for its ongoing construction work in north India.

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Sitting over lucrative land of Vallabhai Patel Stadium

Apart from the clear CRZ, lease agreement, FSI and Green Zone violations, the Vallabhbhai Patel Indoor Stadium also goes against ULCRA rules. JR Jondhale, the then additional collector with Urban Land Ceiling Department had even written to the BMC in 2007 demanding that the construction of the indoor stadium be stopped.

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Multiple Violations in Vallabhai Patel Stadium

The lease agreement between the NSCI and the BMC, accessed through RTI, show that the Olympic stadium and an adjoining club house had been let out to the former for 99-years in 1951 for an annual rent. The deal was that they could use the club house for their leisure activities while they would maintain the size Olympic stadium, which was suitable to host national and international sports including athletics, cycling, football and hockey.

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How Worli’s Vallabhai Patel Stadium was turned into a shopping mall

Seven years ago, the managing committee of the National Sports Club of India (NSCI) suddenly started breaking down the existing Vallabhbhai Patel Stadium to start building–what they led everyone to believe–would be Mumbai’s first international Olympic size indoor stadium. The project was conceived in 2003 to be worth around Rs 40 crore and scheduled to be completed in 18 months. Seven years and Rs 200 crore later, it still isn’t functional, but the superstructure is ready.

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DLF launching luxury residential project today

The country’s largest realty firm, DLF, is today launching one of the costliest residential projects offering 38 luxury housing units at a price range of Rs 15-25 crore. The company will launch a super luxury residential project DLF King’s Court, which is spread over 2.3 acres of land at Greater Kailash-II in South Delhi, with a project cost of about Rs 700 crore, PTI reported, citing sources.

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Poor waterproofing responsible for Mumbai buildings decay

Mumbai city has been known to receive heavy rainfall during the monsoons. Being a coastal city, Mumbai needs to understand the requirement for costal construction and heavy rainfall. More than 80% of the pre-1990s construction is in distress because of poor quality material and harshness of environment. Despite all this, Mumbai was one of the last cities to take up blended cement that helps fight problems related to waterproofing.

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Phadnis Group bags infrastructure contracts worth 425 Cr

Pune based Phadnis Infrastructure, a group engaged in infrastructure development, hospitality business, real estate, power and telecommunication is off to a flying start in the infrastructure business. Phadnis Group has bagged a contract to build the prestigious ESIC Nursing College and Auditorium at ESIC Hospital, Indiranagar – Bangalore. The total project cost of this project is around Rs.62 Cr and the project is likely to be completed by March 2012.

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Alibaug as a property investment destination

Alibaug is one of the traditional weekend-getaway destinations for residents of Mumbai. Since the late 1990s, it has also emerged as a second home destination. Apart its proximity to Mumbai, many other factors make Alibaug an attractive second home destination.

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