Tag: Real Estate Development

Yamuna Expressway Awaits Master Plan 2031’s Approval

Yamuna Expressway Authority; asking the approval from the state government, has sent a revised draft of Master Plan 2031 for developing the first phase in the area. Builders and home buyers are happy as the Master Plan 2031 is likely to be approved by the Uttar Pradesh state government. Asking the approval from the state […]

Memo Submitted by CREDAI to Finance Ministry for Abolishment of Service Tax

Memorandum SubmissionApril 14, 2010 A memorandum has been submitted to the Finance Ministry concerned with the appeal for removal of service tax on housing complexes under construction by CREDAI, Confederation of Real Estate Developers’ Associations of India which is a real estate industry body. The Chairman of CREDAI, Kumar Gera stated that they have put […]

Millennium Spire Enters Into Indian Realty Sector

Millennium Spire Limited, an ‘Alternative Strategies Fund’ under the UK-based Millennium Global Umbrella, has entered the Indian realty sector unveiling its maiden platform for developments in the Indian market, Spire World. It is a platform that would drive development of mainstream green projects of Millennium Spire in the country. This has also marked the launch […]

LIC Housing To Enter Venture Funding

LIC Housing Finance, the mortgage arm of Life Insurance Corporation of India (LIC), is set to foray into the venture capital arena. It intends to start Rs 500 crore real estate fund by the end of this financial year. LIC Housing Finance is reportedly scouting for a banking partner for raising capital and will soon […]

Sabarmati Project Is Coming Next Year

Real estate development at the eight hundred crore rupees Sabarmati River Front project is all set to begin by the end of this fiscal year. About 22% of the total 168 hectares of land reclaimed as part of this key landmark project will be open for developments in both commercial and residential segments. About 22% […]

Finolex To Sell Pune SEZ Land

MUMBAI: Finolex Industries, part of the diversified Finolex group, has decided to sell off its special economic zone (SEZ) plot at Chinchwad near Pune. It is close to signing a deal with a US-based developer to sell the land for between Rs 350 -400 crore. For close to a year, the nine hundred fifty crore […]

SmartCity Aims Industry Township

SmartCity is the result of JV (joint venture) of two companies.  It is promoted by TECOM Investment and SAMA Dubai.  Main goal of this joint venture is to build up and administer the Knowledge Industry Townships in whole world.  TECOM is contributing its specialized skill in creation and management of knowledge based industry clusters, while SAMA Dubai is […]