The construction sector has contributed above Rs. 30,000 crore to Delhi's GDP (Gross Domestic production) of Rs. 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the Delhi city's economy.
The latest report of Delhi Governme…
SBI Housing Loans: Cross Rs. 1 Lakh Crore Mark
The housing loan portfolio of India's largest bank SBI (State Bank of India) has crossed a record Rs. 1 lakh crore mark. The loan covering about 20 lakh happy families. According to Mr. A Krishnakumar, MD and Group Executive (National Banking), SBI said, ''SBI h…
Construction Slowdown : Cement Companies slash prices
Indian real estate and infrastructure firms may heave a sigh of relief as their input costs come down with the cement companies slashing prices pan India even before the onset of monsoon.
Cement companies are trying to boost the tepid demand expected towards the end of the…
Bangalore Property Prices Up By 4.5%
Bangalore has witnessed a rise of about 4.5% on an average in the property prices in for the four month period between December 2011 and April 2012.
According to a study carried on by group buying portal, Groffer.com, the price change was observed for nearly 85 projects. H…
Black Money: Real Estate Top Violator
Economic intelligence agencies have informed the FM (Finance Ministry) that a major chunk of illegal funds & black money is being generated and routed in the real estate sector of India. Undisclosed Income 40%..!
Special departments like the CEIB (Central Economic Intel…
MF Investment: Lose Over 7 lakh folios in 6 months
The last 6 months were particularly tough for the mutual fund industry as indicated by the number of folio closures witnessed in the period. Mutual funds (MFs) lost aove 7 lakh folios (1.5%) during the 6 months ended March 2012 to end with 4.64 crore folios, according to ind…
Chairman Post Vacant in 25 Central PSEs
As many as 25 central public sector enterprises, including National Fertilisers, NEPA, RITES and MMTC have vacant posts of chief executives, at present. Minister of Heavy Industries and Public Enterprises Praful Patel said , "As per available information, currently Ch…
Jenisan Land Promoters : Between Tirunelveli & Tuticorin Plot - EMI Rs. 950
Tirunelveli based Jenisan Land Promoters launched new project namely Porunai Nagar. The Thamira Bharani ( தாà®®ிà®° பரணி ) River is called as Porunai ( பொà®°ுநை ). Being started from Pothigai hills it is a Parennial river for the people of Tirunelveli & Tuticorin Districts in Tam…
MARG Swarnabhoomi Cityscapes: 2,400 Sq. ft Plot Rs.9.99 Lakhs
Chennai based MARG Swarnabhoomi has launched yet another project, ‘Swarnabhoomi cityscapes.' Swarnabhoomi Cityscapes comprises 3 projects called “Bay view”, “Lake View Garden” & “Royal Orchard” near MARG Swarnabhoomi, located on ECR near Chennai. “Bay View” villa plo…
Casa Grande : Independent villas Near Sriperumbudur
Chennai based property developer Casa Grande recenlty launched its luxury villas, Casa Grande Futura, located nearly half Km from Sriperumbudur Junction on the state highway. Casa Grande Futura encompasses 229 elegant semi-independent and independent villas along with row ho…
