The story goes like this: builder accuses Noida Authority CEO of demanding bribery and harassing for free flat. Abhay Kumar took the moral high ground to sound like a war cry for clean system when he levied strong charges against Noida Authority incumbent CEO of continuous harassment after former declined to provide him with a free flat in his project at Sector 77, Noida.
Godrej Properties has entered the Sohna real estate market to develop a Group Housing Project in Sector 33. This project will offer approximately 157,000 square meters (approximately 1.7 million sq. ft.) of saleable area and will be developed as a modern group housing development.
News Point: The Mumbai-based real estate developer has seen an…
News Point: Supertech is a case study in flouting norms…
Bottom Line: Carpet area in proportion to the super built-up…
Track2Realty Exclusive: Prayag Damodar returned to the home town Ahmedabad after having spent 14 long years in the Gulf region where the only option of living has been high rises and skyscrapers. He had developed the liking for such vertical living so much that he had a feeling of missing that sky high living back home as the prevailing housing culture has been standalone residential units when he left the city.
Track2Realty: The City and Industrial development Corporation (CIDCO) of Maharashtra has embarked on a Rs 20,000 crore infrastructure development for the nodes managed by it in Navi Mumbai and indicated that the first phase of the new international airport will be ready by December 2018.
Track2Realty Exclusive: Kruti Jain, Director, Kumar Urban Development, believes any funding available in real estate is gap funding. It is not about only the gap which is there in funding for real estate because what happens for other industries is that they have this reserve capital which is not their land or raw material, but is the actual capital they put in to manufacture xyz product and then they replenish the funds with whatever returns are accrued.
Track2Realty-Agencies: DLF aims to cut its net debt by half over the next three years to Rs 10,000-11,000 crore with the help of fresh issue of equity shares, sale of non-core assets and improved cash flows.
Track2Realty-Agencies: DLF expects to raise about Rs 2,500 crore by end of this fiscal from sale of its two non-core businesses, luxury hospitality chain Aman Resorts and wind energy, a company official has said.