Union Cabinet defers Real Estate Bill
Track2Realty-Agencies: The Union Cabinet on Thursday, Oct 25, once again deferred the Real Estate (regulation and development) Bill pending for approval since May last year.
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Cabinet to discuss bill to regulate realty today
Track2Realty-Agencies: The Union Cabinet on today, Oct 25, is likely to discuss the bill to regulate the real estate sector and also protect the interests of home buyers.
Rajesh Jaggi joins Everstone as head of real estate business
Track2Realty: Everstone Capital has appointed Rajesh Jaggi as the Managing Partner for its real estate business.
Sharad Pawar family accused of real estate scam
Track2Realty: Former police officer turned activist Y P Singh has alleged that Union Agriculture Minister and Nationalist Congress Party Chief Sharad Pawar was centre of real estate scam. At the same time he criticised Arvind Kejriwal for concealing information about a massive scam in Maharashtra because he was selective about which politicians he targets. He also attacked Kejriwal for his expose against BJP Nitin Gadkari while sparing Pawar.
Real estate preferred choice for investments in India: PHDCCI Survey
Track2Realty-Agencies: The preferred asset for Indian investors is real estate sector, followed by gold and silver, a survey today said. “The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver,” the survey of PHDCCI said.
Azure launches Rs 250 cr realty fund for 7 cities
Track2Realty-Agencies: Azure Capital, the promoters of India Realty Fund I, launched its India Realty Fund-II (IRF2), a rental yield fund that focuses on commercial properties across the top seven cities of India. The size of the fund is Rs 250 crores with an additional Green shoe option of Rs 250 crores aggregating to Rs 500 crores.
Real estate major contributor of Larsen and Toubro’s Q2 orders of Rs 15,800 cr
Track2Realty-Agencies: Larsen & Toubro booked fresh orders worth Rs 15,800 crore in the second quarter of the current year, lower than the Rs 19,600 crore it booked in the previous quarter.
Two injured in firing at Rajhans real estate office in Pune
Track2Realty-Agencies: Two men, one of them a history-sheeter on Pune Rural Police records, sustained bullet injuries after four people opened fire at them in at Avdhut arcade office of Rajhans Real Estate, Patilbaugh in Wadgaon Budruk on Pune-Bangalore highway on Saturday, Oct 6.
Government may relax lending norms for cash-strapped realty sector
Track2Realty-Agencies: The Finance Ministry is considering a proposal to relax funding norms for the realty sector so that good housing projects are not starved of funds.
Tata’s Indian Hotels gets one year extension to run Taj Mansingh
Track2Realty-Agencies: The landmark of central Delhi and a premium property & hospitality asset, the Taj Mahal Hotel, remains with the Tata for another year till the property goes under the hammer.