Regulatory bill this Parliament session

Regulatory bill this Parliament session

The government has expressed hope that Real Estate Regulatory Bill would be discussed and approved in the ongoing budget session of Parliament, Urban Development Minister Venkaiah Naidu said. On the concerns raised by some members whether the Centre had a right to...
Malabar Group launches integrated township

Malabar Group launches integrated township

Malabar Group, well-known as a gold and diamond jewellery trader, is set to launch Malabar Integrated Township – a mixed-use master-planned community that will be built in Thrissur, central Kerala at a cost of Rs20 billion ($293 million). This landmark project is...
ASK Group to invest Rs 13.73bn

ASK Group to invest Rs 13.73bn

Mumbai-based ASK Group has announced the closure of its fourth real estate fund — ASK Real Estate Special Opportunities Fund II — of Rs 13.73 billion ($205 million). The company is planning to invest the same in next 18-24 months in six major cities—Mumbai, Pune,...
Piramal forays into financing

Piramal forays into financing

Ajay Piramal, who sold his drug formulation venture to Abbott five years ago for $3.7 billion, has been planning to make it big in real estate and financial service businesses. He has just now floated a Rs 150 billion fund aimed at financing real estate developers. He...
Andhra pushes energy efficiency

Andhra pushes energy efficiency

There is no doubt that when India’s economic development races ahead, cities are projected to create an INR 73 trillion ($1.1 trillion) investment opportunity over the next 15 years. Following the Paris Climate Agreement, India is compelled to look at low carbon...