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

MMRDA plans to extend coastal road project upto Virar

Mumbai Metropolitan Region Development Authority (MMRDA) is planning to extend the coastal road project upto Virar, according to reports. Report says that MMRDA was planning to construct a coastal road from Nariman point to Kandivali. Earlier, Chief Minister and Chairman, MMRDA, Devendra Fadnavis approved Thane-Bhiwandi-Kalyan Metro-5 and Lokhandwala-Jogeshwari-Vikhroli-KanjurmargMetro-6 corridors. The 24-km long Thane-Bhiwandi-Kalyan

International Conference on Decarbonization of Indian Railways- Mission Electrification begins today

Ministry of Railways through Institution of Railways Electrical Engineer (IREE) in partnership with ASSOCHAM India is organising the International Conference on Decarbonization of Indian Railways- Mission Electrification today. Member Traction, Railway Board Ashwani Kumar Kapoor briefed about this conference and gave following information:- An International Conference on “Decarbonization of Indian Railways