JDA flags illegal sale of its land

By Accommodation Times Bureau JAMMU The Jammu Development Authority (JDA) warned about some deceitful elements that are wallowing in an illegal sale of its land in 26 areas of the city and also asked people to be cautioned against buying such plots. The statement by the JDA vice chairman was that some deceitful elements are

UP govt builds over 7 lac housing units under PMAY-G, Tops the list

By Accommodation Times Bureau LUCKNOW A minister said today that, under Pradhan Mantri Awas Yojana-Gramin (PMAY-G), Uttar Pradesh has constructed over 7,70,000 housing units till March 31. Rural Development Minister Mahendra Singh told that the housing units are been completed in a record span of nine months and it was meant for the

India’s ceramic industry is looking to almost double its turnover to Rs 50,000 crore by 2020

By Accommodation Times Bureau MUMBAI The Indian Ceramics Industry ranks at 2nd position in the world and produces around 12.9% of global output. Vibrant Ceramics Expo & Summit 2017 held its press meets on Tuesday in Mumbai. The primary reason to visit Mumbai was to increase the awareness among the Ceramic Industry and also to prove

PNB Housing Finance linkages with PNB remains strong

PNB Housing Finance Limited’s linkages with Punjab National Bank is likely to remain strong even post the initial public offer, says India Ratings and Research. The current rating of PNBHFL reflects Ind-Ra’s expectation of continued support from PNB. PNBHF is planning to raise Rs. 30bn through an IPO, the proceeds of

Credit exposure to the Roads Sector

According to ICRA,the banking sector’s credit exposure to the roads sector in August 2016 stood at Rs. 1.8 trn, growing at a CAGR of 14% over the last five years. Fresh loan disbursements to road developers slowed down In contrast to posting 20%+ growth for several years till FY2014, the deployment of credit by

Indian Real Estate – going vertical within rising demand

By Accommodation Times News Service High-rise structures are also called “vertical cities”, having the potential to decongest urban sprawl. Indian cities are witnessing immense demographic expansion due to migration from surrounding villages, leading to urban sprawl, housing demand, rise in cost of land. Housing has developed into an economy generating industry.

US to focus on infra investment in smart cities: Ambassador

By Accommodation Times News Service There is a market potential of $1.5 trillion in smart cities United States Ambassador to India Richard R. Verma  said the US will continue to focus on making investments in infrastructure in Indian smart cities, which have an investment potential of $1.5 trillion. "Infrastructure development in smart cities