Category: Features

State Government to soon unite housing bodies to speed up affordable housing projects.

December 26, 2019

The Maharashtra Government plans to bring the various agencies responsible for affordable housing schemes under a single umbrella. Sources indicate that the Government is considering bringing the Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and others to urban development services in order to streamline and speed up affordable housing projects. While […]

State Government to soon unite housing bodies to speed up affordable housing projects.more

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.

December 24, 2019

Singapore’s GIC Sovereign Fund invests about Rs 430 crore in Prestige Estates by way of a preferential issue of equity shares. In a regulatory filing, Prestige said that the GIC investment company Gamnat Pte will procure the company’s 13.4 million Bengaluru equity shares at Rs 323.22 per share. The Gamnat preferential issue has already been […]

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.more

Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.

December 23, 2019

Recently Birla Estates released its WhatsApp interactive AI-Enabled ChatBot solution LIDEA. The solution is intended to provide consumers who assess Birla Estates’ residential development with information on their projects, says the company. LIDEA is designed to provide accurate information and to answer questions regarding the development and initial work of Birla Estates with its Bengaluru […]

Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.more

Brookfield may merge its commercial properties into REIT to offer Initial Public Offering.

December 20, 2019

According to sources, In order to move into an initial public offering (IPO) to raise over a billion dollars (more than 7,000 crores in the current rates), Brookfield Asset Management could merge its commercial properties into a real estate investment trust (REIT). Brookfield’s Indian properties, which are 15-20 million square feet of commercial property, are […]

Brookfield may merge its commercial properties into REIT to offer Initial Public Offering.more

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.

December 17, 2019

Keppel Land, based in Singapore, has established a joint venture with the Rustomjee Group through its wholly-owned subsidiary, with the aim to develop the 51.4-hectare integrated Urbania township of Thane in the Mumbai region, a company statement said. Keppel Land is set to buy a 49% stake for over Rs 400 crore in the joint […]

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.more

Greater Noida Industrial Development Authority will soon carry all services and infrastructure works online.

December 16, 2019

The Greater Noida Industrial Development Authority (GNIDA) would shortly become an e-Authority with GIS and ERP systems carrying all services and infrastructure works. In the next three months, the two facilities will be launched with various other services becoming completely online. The Geographic Information System (GIS) will be able to map all facilities, along with […]

Greater Noida Industrial Development Authority will soon carry all services and infrastructure works online.more

Important amenities that a tenant should check before renting a house.

December 13, 2019

A common dilemma for prospective tenants when searching for a home on rent is to determine what amenities are necessary and based on that what rental amount of the house should be. “The facilities close to one’s home in metropolitan cities could be costly and only accessible through annual membership. Most people, therefore, prefer basic projects […]

Important amenities that a tenant should check before renting a house.more

IBC amendment bill 2019 seeks to protect last-mile funding.

December 12, 2019

The Union Cabinet approved the insolvency and bankruptcy code amendments on 11 December. Based on an official release the Code amendments aim, at removing bottlenecks, rationalizing the corporate insolvency resolution process (CIRP) and protecting last-mile funding will boost investment in financially distressed sectors. “Additional thresholds introduced by the authorized representative for the purpose of preventing frivolous […]

IBC amendment bill 2019 seeks to protect last-mile funding.more

MahaRERA edicts to appoint only skilled labours for quality construction.

December 6, 2019

MahaRERA will now allow only skilled workers at construction sites to ensure quality construction and prevent accidents. The workers will also benefit from insurance coverage for their family members. The MahaRERA has already started to recruit employers’ organizations and also ensuring that the workers do not lose their wages for the day. “The process of […]

MahaRERA edicts to appoint only skilled labours for quality construction.more

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.

The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more