By Accommodation Times Bureau The Supreme Court on Wednesday directed the Comptroller and Auditor General (CAG) to file an audit report to explain the discrepancies in the real estate Cess amounting to Rs 5,000 crore which was meant for the construction of real estate workers. The bench led by Justice Madan B
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
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
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.
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
By Accommodation Times News Service The public accounts committee (PAC) of the state legislature has roped in the officer’s form the Urban Development Department and BMC for their failure in removing the illegal mobile towers in the city and directed the government to initiate action against them in month. Officials said
By Accommodation Times News Services Bengaluru's office space stock has grown at 13% on average in last 15 years helping it become the country's top corporate realty market, says property consultant CBRE. The city is likely to maintain its leadership position in the country's corporate real estate market in the long
By Accommodation Times News Services ACCOMMODATION TIMES Since 1986 Presents PROPERTY UTSAV 2015–MUMBAI Venue: Orchid Hotel, Near Domestic Airport, Vile Parle (West), Mumbai Date: 19th (Saturday) &20th (Sunday) December 2015 | Time: 10:00am – 5.00pm Accommodation Times presents 2 day’s Property Exhibition in Mumbai, targeting audience in full swing giving a wide variety in for the buyers and the industry players to interact with each