News Letter
Another winner of Amazon HQ2 in Queens? Goldman Sachs
On the very same day Amazon concluded its long, highly publicized search for a second headquarters, placing part of it in Long Island City, Goldman Sachs quietly finalized a deal to provide $83 million for a massive new apartment complex less than a mile away.
Over 4.5 crore allotted for rebuilding flood-hit houses in Kochi
The district administration has allotted Rs 4.70 crore for reconstructing 485 houses. In the first installment, each house owner would be getting Rs 95,100.
After four-year delay, Yamuna Expressway Authority to hand over 5,000 residential plots in Dec
14,453 plots having sizes of 200 sqm, 300 sqm and 1,000 sqm were cleared for allotment under the Residential Plot Scheme 1 in 2009 in YEIDA sectors 18 and 20.
Asset Homes comes out with exchange offer for old apartments
Asset Homes MD, V Sunil Kumar said that the scheme offers an opportunity to exchange current apartment, house or land for a new premium flat or villa of Asset Homes.
Housing prices may fall after govt moves green norms to purview of local bodies
The central government last week took a decision to delegate powers to local bodies to ensure compliance of environmental conditions for projects between 20,000 and 50,000 square metres.
Amrapali Asked To Disclose Property, Money Transfers Details: 10 Points
Cracking whip on the embattled Amrapali Group, the Supreme Court warned the developer to reveal, by December 3, details of all its properties in the name of directors, their family members, relatives, chief financial officers and statutory auditors. The top court made it clear that Amrapali Group is required to disclose "in clear terms" every activity involving transfer of money since 2008. It asked the Amrapali Group and its officials to comply with all its directions. The case relates to non-delivery of flats to around 42,000 homebuyers.
Housing prices may fall after govt moves green norms to purview of local bodies
The central government last week took a decision to delegate powers to local bodies to ensure compliance of environmental conditions for projects between 20,000 and 50,000 square metres.
Total investments in the segment are expected to cross $10 billion-dollar mark by 2020. By Ruth Dsouza Prabhu
In 2000, Singapore-based scientific researcher Lata Raman, invested in a 1300sq.ft. apartment in Chennai for her parents. Settled abroad for the last two decades, she narrowed down on the apartment for the primary reason that she had other relatives who had purchased apartments in the same complex and it was a safer bet for her ageing parents. “As a Non-Resident India (NRI) I did not have any trouble making the purchase back then, but that was because I had the help of my relatives. But today, I would not want to invest in India again since the rules can be quite confusing," says Raman.