The Asian Development Bank (ADB), on November 4, 2019, said it will provide a USD 451 million (about Rs 3,200 crores) loan, to strengthen power connectivity between the southern and northern parts of the … READ FULL STORY
The Tamil Nadu government is implementing the Jal Shakti Abhiyan, a campaign for water conservation, in 5,807 village panchayats spread over 249 rural blocks, official sources said, on October 24, 2019. They claimed the … READ FULL STORY
The Madras High Court, on October 4, 2019, refused to quash a money laundering case filed by the Enforcement Directorate (ED), against real estate firm VGN Developers Private Limited, related to the purchase of … READ FULL STORY
Tamil Nadu chief minister K Palaniswami, on September 24, 2019, called on defence minister Rajnath Singh and requested him to expedite the allocation of land owned by his ministry, for taking up the expansion … READ FULL STORY
The real estate sector, which witnessed decades of traditional approaches, will now be revolutionised by ‘disruptors’ that have initiated a new wind of demand in the sector, says a report titled ‘Real Estate – … READ FULL STORY
Embassy Group has announced its foray into the co-living asset class under EPDPL Co-Living Private Limited, to cater to the growing migrant millennial workforce. The Group said that it will start its new co-living … READ FULL STORY
In 2017, the Chennai Metropolitan Area was expanded by eight times and all of the Kancheepuram district, along with Chengalpet, became a part of it. Since then, the demand for properties in the area, … READ FULL STORY
The National Highways Authority of India (NHAI) told the Supreme Court, on August 22, 2019 that the Rs 10,000-crore Salem-Chennai eight-lane green corridor road project, is of ‘national importance’ and that the Madras High … READ FULL STORY
The Income Tax (I-T) Department, on August 11, 2019, said it has attached benami assets worth Rs 300 crores, including a bungalow in a posh Delhi locality and USD 40 million funds brought from … READ FULL STORY
Global warming, climatic changes, increasing population, construction activities, industrialisation, etc. – all of these are likely to worsen the water shortage that we already face today. To deal with this problem, municipalities all over … READ FULL STORY
Hiranandani Group, on July 18, 2019, announced its foray into data centre parks, with a new business venture, ‘Yotta Infrastructure’. The first phase of operation shall commence at Hiranandani projects in Mumbai, Panvel and … READ FULL STORY
In the top 9 cities in India, there has been a massive developer consolidation, with over 50% of the total developers that existed in 2011-12 leaving the market by 2017-18, according to PropEquity Research. … READ FULL STORY
The Madras High Court, on July 12, 2019, dismissed a petition filed by the Tamil Nadu government, challenging the Rs 100-crore penalty imposed on the state by the National Green Tribunal (NGT), for not … READ FULL STORY
