MHADA to build 6,000 flats in Goregaon

By Accommodation Times Bureau GOREGAON The Maharashtra Housing and Area Development Authority (MHADA) has appointed BG Shirke Construction Pvt. Ltd. company as a contractor for building at least 6,000 flats near Goregaon. Flats will be constructed in Pahadi village near Goregaon’s Inorbit Mall. The Authority conducted a pre-bid meeting in December 2017, and several

Govt aims to build new India through construction of highways: Minister

By Accommodation Times Bureau AHMEDABAD Central Road Transport and Highway Minister, Mansukhbhai Mandaviya said it is inevitable to build highways for the development of the country. Under the leadership of Prime Minister, the government is putting special emphasis on the formation of states. On Sunday, he demolished the widening and strengthening work of Dholka-Vitamani

New PPP policy ready for infrastructure development: Minister RV Deshpande

By Accommodation Times Bureau KARNATAKA The state government has set up the Public-Private Partnership (PPP) Policy-2018, with the aim of developing infrastructure with the highest quality of the state and thus rapidly growing economic growth, Minister of State for Infrastructure Development RV Sivakumar said. "The approval limit of the state level monopoly committee

Shree Cement acquires majority of stake in UAE’s Union Cement for $305 million

By Accommodation Times Bureau MUMBAI Shree Cement’s board approved the acquisition of majority stake in Union Cement Company a UAE-based company for $305.24 million on Thursday, the company said. "Our board has approved the acquisition of a minimum of 92.83 percent of beneficial shareholding in Union Cement for an enterprise value of USD

Lodha Group Subsidiary Plans $100-million Overseas Bonds

By Accommodation Times Bureau MUMBAI Realty developer Lodha Group's wholly-owned subsidiary Lodha Developers International is raising around $100 million through an overseas issue of bonds. The proceeds will help repay intra-group debt due from its London projects to Indian operations. This is the second offshore fundraising by an Indian company after international rating

FIR filed against Gurugram developer for selling flats without license

By Accommodation Times Bureau GURUGRAM The department of town and country planning (DTCP) logged a First Information Report (FIR) against the Gurugram based developer, 1,000 Trees Housing Private Limited for violating the rules and regulation of Haryana Development and Regulations of Urban Areas Act, 1975. The developers use to take payment and

Under PMAY (U) 30.76 Lakh Homes Sanctioned So Far

By Accommodation Times Bureau Shri Hardeep Singh Puri, Minister of State(I/C) Ministry of Housing and Urban Affairs has informed that since the launch of the Pradhan Mantri Awas Yojana (PMAY) (U) on 25th June 2015, the Government has sanctioned a total of 30.76 lakhs houses across all verticals. Currently, 15.65 lakh

Kotak Realty invests Rs 244 crore for early completion of Marina Mall

By Accommodation Times Bureau CHENNAI To aid the completion of Marina Mall in Chennai, Kotak India Real Estate Fund has invested Rs 244 crore in OMR Mall Developers Pvt. Ltd. (OMRD), said a top executive of developer Allied Housing. “We have raised Rs 244 crore from Kotak India Real Estate Fund through the

Cabinet approves the increase in carpet area for homes under PMAY

By Accommodation Times Bureau NEW DELHI Under the Pradhan Mantri Awas Yojana – Urban programme lakhs of middle-class homebuyers will be benefited with better interest subsidy and upgrading the quality and size of their housing units. For medium income group (MIG) flats eligible for subsidy under the Credit-Linked Subsidy Scheme (CLSS) is been