Everyone is familiar with the fact that governments and developers have taken land prices so high that it makes it very difficult for ordinary working people to afford for themselves even a small flat. But it is those same high prices for land that help subsidise so many infrastructural projects, and indeed make them possible in the cities.
Metro Cash and Carry, a supply chain provider on Wednesday opened its third centre in India and the first in Andhra Pradesh.
The India meteorological department (IMD) on Wednesday evening issued a red alert for Mumbai and its neighbouring districts, predicting "extremely heavy rainfall".
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
After continuously bleeding subscribers for nearly two years, state-owned telecom services provider BSNL added 2.9 million users in July when its private-sector rivals raised tariffs by nearly 20 per cent. With BSNL keeping tariffs unchanged, many subscribers using entry-level plans shifted from Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi), said analysts.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
'Developers are into profit-making. And there's not too much money in the affordable segment.' 'So, they don't do affordable housing.'
Delhi Metro Rail link will make commuting to Delhi's new airport a mere 21-minute run. Plans also include check in counters at the metro's stations.
In the wake of the haul of RDX in Haryana on Wednesday, the Centre has advised authorities in four metros, as well as Hyderabad and Bangalore, to remain on high alert, since there is a possibility of a terror strike strike during the festival season.
The company had approached banks with a CDR request for about Rs 1,700 crore. However, according to company sources, the banks felt that Maytas must shed the flab, which includes dilution of stake in the Bangalore elevated tollway to raise funds before the CDR is granted. It has also been reportedly told that it should disengage from various projects which it cannot take forward.
Maytas Infrastructure Ltd, the listed company floated by the promoters of Satyam Computer Services, plans to raise Rs 800 crore to Rs 1,000 crore through asset sales plus loan and guarantees from banks to complete various projects, including the prestigious Hyderabad Metro, and to bid for some new projects that are coming up for auction.
The number of free transactions in a month at non-home ATMs is kept at three.
The Andhra Pradesh government will review the concession agreement it has signed with Maytas-led consortium for developing the Machilipatnam Port as the winning bidder for the over Rs 1,500-crore (Rs 15 billion) project has failed to tie up funds within the stipulated time.
Within hours of Company Law Board orders, the government on Thursday appointed its nominees on the boards of Maytas Infra and Maytas Properties, the companies promoted by the kin of disgraced founder of the Satyam Computer Services B Ramalinga Raju.
This is the company's fourth outlet in the country, after the the two outlets in New Delhi and the first flagship store in Mumbai.
Thales group of France bags signalling, train control and communication contracts.
Six persons were arrested on Wednesday in connection with the collapse of an under-construction flyover leading to the death of two persons seven months ago.
Germany's Metro AG to invest 300 million euro in India and open wholesale stores in Hyderabad, Kolkata, Chennai and Mumbai.
The real estate portal stated that it conducted a nationwide online survey christened 'Realty Trends 2010' for metros and Tier II cities across the country, which saw participation from over 4,800 property seekers.
Reliance Retail opened four more Fresh outlets in Hyderabad on Friday taking its tally to 21.
Maytas Infrastructure, majority-owned by the family of scam-hit IT firm Satyam's disgraced founder B Ramalinga Raju, is believed to have proposed bringing in Reliance Infra as a partner in the prestigious Rs 12,200-crore (Rs 122 billion) metro rail project in Hyderabad.
Officials 'disappointed' as major cricket centres miss out on staging ODI World Cup games
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'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India's market share rose to 12.8 per cent from 12.2 per cent while that of IndiGo marginally dipped to 60.1 per cent from 60.2 per cent in January. The domestic air traffic climbed to 126.48 lakh in February compared to 120.69 lakh in the year-ago period, the Directorate General of Civil Aviation (DGCA) said.
Thinking of migrating to a more agreeable locale? Then perhaps you should consider moving to Vienna, which has been named the best city to live in for the tenth year in a row. However, the news isn't that great for Indians, with the list released by global consulting firm Mercer showing that Indian cities fared badly in the quality of living survey. The comprehensive survey is done with many factors being considered like housing, crime, political stability, leisure, air pollution, infrastructure, health system, education and economy.
Even as RBI allowed banks to charge ATM transactions beyond five in metros, the lenders are yet to restrict the number of free withdrawals for their own customers at home ATMs.
Several food and grocery delivery firms witnessed their highest ever single-day orders on New Year eve, December 31. Zomato achieved a record-breaking number of orders on its app. The company carried out nearly as many orders on December 31 as the total for the equivalent day in the period from 2015 to 2020.
Politics is not on the radar of 18 to 21-year-old Indians, reveals Rama Bijapurkar.
Under the 20.68 km-long monorail project, services will be provided between Poonamalle and Kathipara with a link from Porur to Vadapalani in Chennai, a senior UD Ministry official said.
Speaking at an interactive session on the sidelines of Wings India 2022, Dube on Friday said the airline hopes to have a fleet of 72 aircraft in the next five years. "We hope to launch our first commercial flight in the month of June.
Engineering giant Larsen & Toubro (L&T) is looking to divest its exposure to road and power concessions and incubate digital and e-commerce businesses as part of its new five-year plan ending 2025-26 (FY26). The base year for the plan is 2020-21 (FY21). The blueprint, called Lakshya 2026, is intended to help the company exit sub-scale businesses, concentrate on high-technology (tech) manufacturing, construction and green energy projects, and increase its share from information technology (IT) and digital services. The lending operations of the financial services business, meanwhile, will be reorganised, with focus on retail lending.
Some of our leaders were busybusy over the weekend.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
During the Diwali week (November 10-16), airfares on major routes across the country have surged by up to 44 per cent.
Shares of real estate firms have been outperforming over the past year. The rally, analysts say, may hit roadblocks in the near term amid stretched valuations, even as the long-term prospects for the sector remain ebullient. "Most of the positive news flow is already in the price. Hence, investors sitting on hefty profits may partially cash out at current levels," suggests V K Vijayakumar, chief investment strategist at Geojit Financial Services.
Make sure that the person you are buying the plot from is the rightful owner.
