China deflating realty bubble
Chinese officials are blaming the speculators for soaring property prices and have announced to build 36 million affordable homes over the next five years.
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Realtor Shahid Balwa has Pak-China links
2G scam accused Shahid Balwa of DB Realty, whose dubious Pakistani and underworld connections are being probed, also allegedly had some Chinese links that raised security concerns within Indian agencies.
Simplex denies CBI raids
Simplex Infrastructure has denied to the news reports regarding CBI raid at Simplex Infrastructures Ltd offices in Kolkata. A statement issued on behalf of the company says that this news is incorrect and baseless as there is no such occurrence at Simplex Infrastructures office and we have no association with CWG projects.
Ahmedabad’s second tallest building comes up at Maninagar
Ahmedabad Municipal Corporation has added another feather to its realty cap, with the 47-metre tall Maninagar Medical College, adjacent to LG hospital, the second tallest building of the city coming up at the cost of Rs.45 crore.
Lodhas asked to stop work at luxury township
Thane Municipal Corporation has issued a stop-work order against Casa Univis, a luxury township project by Lodha Developers. The project involves development of 26 towers over 55 acres in Ghodbunder Road in Thane.
Biggest commercial land deal worth Rs 6,500 crore in Noida
Finally, India’s biggest commercial land deal was done in Noida on Friday. So far Noida has not declared officially the name of the bid winner but sources said that the bid for commercial plot worth Rs 6,500 crore has been made.
Infrastructure in India – The PPP model
Infrastructure plays key role in economic development of the country and, in India, it has being increasingly recognized that Infrastructure development is inevitable for a sustained high growth rate in GDP. It has been recognized that there is a significant deficit in the availability of physical infrastructure across different sectors in the country, hindering economic development.
Times Realty India Opens in Dubai today
Times Realty India 2011, a two-day exhibition being held in Dubai on the realty sector of India opens today in Dubai. The exhibition will see participation from some of the biggest organizations in the property industry from India.
Emerging market growth to boost realty: Roubini
Surging growth in emerging markets such as China and India will boost demand for real estate, although uncertainties such as an oil shock could pose major risks, economist Nouriel Roubini said on Thursday.
BNP Paribas raises ratings on real estate
BNP Paribas has raised its ratings on Indian real estate developers, citing a discounted value and improving outlook.