BSNL in an estimate said that it needs to invest around Rs 40,000 crore in the next five years to become profitable. In order to retain its market share, BSNL is required to provide 182 million connections by 2017-18,
Tag: Real estate
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Experts want govt to develop satellite towns
Experts suggest the Karnataka government to set up satellite towns around Bengaluru and provide commuter rail connectivity to these towns in order to de-congest the IT city. According to experts, it is only the development of suburban towns around Bengaluru and provision of a rail network which can reduce population concentration in the main
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Gujarat govt to announce slum rehab policy
Gujarat government has reportedly prepared the slum rehabilitation policy and may announce it at any time, reports indicate. It may be recalled that the state Chief Minister Narendra Modi pl
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Govt clears 3 parking lot projects
Under the revised parking floor space index (FSI) policy, the Maharashtra government approved three parking lot projects for over 1,300 vehicles. The new lots are at Altamount Road (behind Jaslok Hospital), and in Ghatkopar and Mulund (LBS Marg).
According to media reports, the lots would be a huge relief for people as parking space in the city
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The UN is wrong
Can governments effectively control over the private sector and ensure foolproof PPP project planning and delivery? The environment community has a reason to say I-told-you-so. More people (estimated over 5,500) have died in the Uttarakhand disaster than in the 9/11 attacks.
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CREDAI requests govt to promote affordable housing
Real estate body CREDAI requested government to promote housing particularly affordable segment by scrapping the floor space index (FSI) restrictions and allowing vertical buildings. Lalit Kumar Jain, Chairman of CREDAI and CMD Kumar Urban development opined that this would enable the government meet the ever rising demand for housing in Mumbai which is facing tremendous land
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PEs prefer completed commercial properties
Industry analysts feel that private equity funds prefer to invest in completed commercial real estate projects instead of taking risk by investing in new projects. Some experts opine that funds are smartly mitigating their risks by investing in completed properties like IT parks rather than investing in projects starting from scratch
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Realty sector attracts $45 mn PE deals in April
Real estate sector attracted $45 million or 4 percent of the aggregate private equity (PE) deals in the country during April 2013. During the month under consideration, the economy witnessed $1.2 billion worth of PE deals through 48 transactions compared to $605 million in April
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Gujarat govt finalising slum rehab policy
Gujarat government is finalising the proposed Slum Development Policy 2013, which aims to promote development of organized housing for urban slum dwellers by both private sector and state agencies. The government is working on the incentives to be provided for private developers, along with subsidy for carrying out slum rehabilitation projects. Private developers will be offered greater FSI (floor space index) as a
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Net profit of HDFC rises 17%
Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per