An analysis of the recent revival of commercial real estate market in Mumbai shows that the Banking, Financial Services and Insurance (BFSI) sector has been primarily responsible for the huge uptake of office space.
Demand continued to be robust in Bangalore with corporates expanding and leasing large spaces.
The Ministry of Rural Development has decided to get the names of the companies IL&FS Ltd, Infrastructure Kerala Ltd, Marg Ltd, Megha Engineering Infrastructure Ltd and Seri Infrastructure Finance Ltd cleared from the Ministry of Corporate Affairs.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has estimated that the sector will face a funding gap to the tune of USD 70 billion over the next five years.
Prime minister Manmohan Singh on Sunday, July 24, announced setting up of an independent environment regulator that would lead to a complete change in the process of granting environment clearances.
After farmers complaining about shortage of labour due to NREGA, now CREDAI says real estate projects are experiencing time and cost over runs due to shortage of labour.
The National Association of Realtors, India (NAR-India) on Saturday, July 23, signed a bilateral agreement with CREDAI to make property purchases more transparent for buyers across the country.
An estimated 300,000 homebuyers and home owners could be affected if farmers in 24 villages along the Noida-Greater Noida Expressway succeed in their agitation for the return of their land taken over by the Noida Authority in 2003.
Everybody wanted to hear this news—realtors, investors and home buyers. It seemed to be a case of who blink first.
The Maharashtra Chamber of Housing Industry today welcomed the new FSI guidelines proposed by Brihanmumbai Municipal Corporation Commissioner Subodh Kumar as a consumer friendly move.