Consumer forum penalises Emaar MGF for ‘service deficiency’
The UT District Consumer Disputes Redressal Forum has penalized Emaar MGF Land Limited Sector 17, for ‘gross deficiency in services’ and ‘unfair trade practice’.
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Global retail banking study by Jones Lang LaSalle tells a tale of two worlds
A new retail report released by Jones Lang LaSalle emphasises that changes across the global retail banking environment continue to be driven by political, economic and technological trends. These trends will lead to continued bank expansion in frontier markets, offsetting the search for greater efficiency in developed markets.
CAIT to oppose FDI in retail
Terming the Government’s efforts to form consensus on FDI in multi-brand retail without consulting traders as ‘highly undemocratic’, the Confederation of All India Traders (CAIT) today said foreign investments by MNCs will hijack the country’s retail trade which would lead to closure of majority of small businesses and job losses for lakhs of people engaged in the sector.
New Gurgaon emerging as “Destination Next” of NCR Property
If you think prime locations in the NCR have hit the roof and you missed the dream rally in having a reasonably priced home, there is no reason to look at the secondary locations. In an expanding National Capital Region (NCR) while some of the locations deter you due to its less appreciation potential or controversies galore, then probably your property hunt has not led you to the destination next of the region—New Gurgaon.
Most metros soared in property prices, Mumbai & Delhi-NCR witnessed maximum gains
Most regions in the top metros have seen prices soar by double digit percentages in the last three years with areas in Mumbai and Delhi-NCR witnessing maximum price gains. In Delhi, Dwarka and Gurgaon regions saw 64% and 50% price rise in 2012 when compared to 2010. In Mumbai, Mira Road, Thane and Navi Mumbai saw prices increase within the range of 48% and 51% during the same time period. These are the findings of 99 acres.com study on the trends in realty prices of key metros.
Godrej Properties signs MOU with Axis Bank
Godrej Properties Ltd. (GPL) has signed a Memorandum of Understanding (MOU) with Axis Bank to offer a special scheme to customer of all GPL projects which have been approved by Axis Bank for home loan purposes.
Cushman & Wakefield sets up office in Ahmedabad
Cushman & Wakefield has opened its new office in Ahmedabad…
Godrej Properties to develop 110 acre township project in Panvel, Mumbai
Godrej Properties (GPL) has announced that it has entered into a joint venture agreement to develop approximately 110 acres of land in Panvel. The project will have an estimated saleable area of 3.5 million square feet.
DLF plans to lower debt to Rs 17,000 cr
DLF on Sunday, July 15, said it planned to cut its Rs 23,000-crore debt to about Rs 17,000 crore in this financial year and asserted that it was not unduly “perturbed” by the massive load.
Potential and roadblocks co-exist for hotels-IV
Industry experts assert it is difficult to put a time frame on certain requirements like getting over a 100 Government permits from the time of starting construction to completion. Historically, hotel construction in India has been somewhat cumbersome owing to the multiple clearances/approvals required from Central and State Government agencies.