News & Facts

Pragnya Group, an investment firm is buying 51% stake of Chennai township project which is owned by L&T's arm, L&T Realty. "L&T Realty Ltd, a wholly-owned subsidiary of Larsen & Tourbo Ltd, has executed a share purchase agreement to sell its entire stake in L&T South City Projects Pvt Ltd to Pragnya group," the construction firm notified in the BSE filing. The L&T South City Projects Pvt Ltd is engaged in developing a 92-acre residential township at Siruseri, Chennai. L... Read More
NEW DELHI: Hilton has come up with an idea to open 18 new hotels across the country due to the advantages envisaged by the management. There are about 15 hotels in operation in India already, with a total of 2400 rooms, namely Conrad, Hilton Hotels & Resorts, DoubleTree by Hilton, Hilton Garden Inn and Hampton by Hilton. Andre A Gomez, The Hilton Head of Operations-India said,"There are about 15 hotels in India at present and we have plans to add more number since the country has a lot of ... Read More
The Ministry of Home Affairs has identified the presence of 263 enemy properties in Goa estimated around 100 crore. This has come as a shock to the country, with the tension between two countries at its height. These properties belong to Indian nationals that have acquired Pakistani passports sometime in the past. The centre has plans to take control of these properties sooner or later by passing a law in the parliament. These enemy properties are registered in the names of Goan residents who ha... Read More
Talks about setting up real estate tribunals and regulatory authorities are reverberating through the corridors of real estate for the past few months. To protect buyers from the inexorable clutches of the realtors and to smoothen the relationship between them, the Odisha government has taken a serious step to set up a Real Estate Tribunal and Real Estate Regulatory Authority under the directives of the Housing and Urban Development Minister Pushpendra Singhdeo. The minister said that the seal a... Read More
MUMBAI: United Spirits (USL) is all set to auction its former owner and fugitive tycoon Vijay Mallya’s properties which include individual villas and bungalows in a few cities. The palatial residence in Mumbai namely Niladri on Nepean Sea Road, is also getting auctioned, after the tycoon failed to retain it legally before the deadline. The 13 properties across cities such as Delhi, Mumbai, Bengaluru, Kolkata, Scotland and Hong Kong are worth about $100 million, or Rs 680 crore, in rupees. ... Read More
DLF India’s largest real estate firm has planned to invest Rs.3,500 crore rupees to complete all its ongoing projects. The under construction projects in various housing projects is approximately 18.5 million square feet area in different locations across the country.DLF aims to complete these projects by the end of 2017. This will generate finished stocks in the market. In spite of the sluggishness in the market DLF is proceeding to complete all its projects. According to DLF's Group Chi... Read More
Payment of rent while applying for freehold properties in Delhi has risen to as much as 5 times what it was before. This rule is very much applicable for properties that are located in the prime locations and leased out by the land and development office, under the urban development authority. The property owners who have converted their leasehold properties to freehold between 2000 and 2017 would undoubtedly have to pay the revised rent in accordance with the new change in policy. L&DO has... Read More
Buying a house may be easy for somebody but, buying a house in the desired location needs a lot of research to be done. Homebuyers these days are very keen on what they actually want. As the demand for house increases, so does the responsibility on the developer’s shoulders. People are looking for accommodations in serene locations even if the distance is a bit far from the city centre. With all these considerations in mind, majority of the buyers are looking for properties in around the a... Read More
The Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) Township in Bharuch is the first ever to become a "cashless township", as more than ten thousand residents have resorted to following various modes of digital payments. The Chief Minister of Gujrat Vijay Rupani has inaugurated the township and expressed confidence that the other townships in the country will follow the same in future. Rupani also said,"I congratulate the residents of this township to have taken thi... Read More
The rental property market in Gurgaon may see upward movement because of Gurgaon Government’s move to provide rebate scheme on property tax payments. The government shall provide 25 percent refund on the amount paid as property tax and till this end of the year it is also ready to waive one time interest on the tax dues and arrears. Last date to avail this scheme will be 28th February 2017. Additional one percent rebate too is on offer by the government if the payments are made in digital... Read More
Need any help