MARG Swarnabhoomi, the flagship project of MARG Limited, has launched yet another milestone residential project, ‘Four Seasons’ – an affordable high rise apartments located on the scenic ECR. Launched on 11.11.11, ‘Four Seasons’ consists of 4320 affordable homes which includes 3296 units in 2 BHK and 1024 units in 3BHK categories. Comprising of 26 floors, ‘Four Seasons’ would be the tallest residential complex on ECR, launched with a special limited offer introductory price of Rs. 17.82 Lakhs for a 2 BHK apartment, a press release in Chennai said.
The Erode-based RPP Infra Projects Ltd. has bagged two orders worth Rs 340 million from Indira Gandhi Centre for Atomic Research (IGCAR), Kalpakkam and Andaman Public Works Department (APWD), respectively.
The company has won order worth Rs 16.3 crore from IGCAR for the construction of roads, storm water drainage and other miscellaneous works in Kalpakkam Phase II unit, the company said in a regulatory filing to the stock exchange.
The Association for Development and Research on Sustainable Habitats (ADaRSH) and Confederation of Real Estate Developers’ Associations of India (CREDAI) has signed a memorandum of understanding in New Delhi to cross-market and facilitate each other’s services to promote and accept the GRIHA (Green Rating for Integrated Habitat Assessment) Rating system as the reference standard for determining incentives, educating and promoting green buildings in India.
The Finance Ministry has announced inclusion of certain sections of construction under the list of ‘services exempted’ from the purview of tax on services.
China-based Zoomlion, a leading construction machinery manufacturer, has announced plans to partner with India's largest industrial crane manufacturer ElectroMech, to produce and sell tower cranes in India.
India's mega realty firm, DLF Ltd will invest up to Rs 3,000 crore over the next five years to develop shopping malls across India as it looks to cash in on opportunities following the further opening up of FDI in retail sector.
Ahmedabad-based real estate developer JP Iscon (JPIL) will spend Rs 250 crore in four housing projects in Vadodara, a top official said today.
India's largest lender State Bank of India has decided to waive pre-payment charges on home loans linked to both floating and fixed rates and for old and new customers.
More than 8.5 million workers in the construction industry will stand to benefit over the government’s decision to levy special cess on builders and contractors, to create a corpus fund for providing welfare measures to the unorganised industry.
Within the construction industry, real estate is the worst hit. In the second quarter, 14 listed companies have posted a mere 3.1 per cent year-on-year growth in revenues with a 22.7 per cent fall in profits.
Delhi government has approved e-registration of property transactions to cut down on the time taken in such deals and integrate data from various registrars’ offices.
JCB India, one of the leading construction equipment manufactures in the country, will be showcasing an array of new machines and innovations at the Excon 2011.
Calling it as ‘munificence’ to farmers, CREDAI has criticised various provisions of the Land Acquisition and Rehabilitation & Resettlement Bill in a presentation before the standing committee of Parliament.
After successfully launching multiple projects across the country and having sold more than 1,000 units in its OMR project 'Crescent ParC-Dewy Terraces' in Chennai, SARE Homes launches ‘Meadowville’, a 65 acre serene township at Kolathur in New Chennai.
