Construction

Noida authority frees 56,000 sq m land from illegal colonisers

Noida authority frees 56,000 sq m land from illegal colonisers

NOIDA: The Noida authority has freed at least 56,885 square metres of land in its month-long drive from illegal colonisers, officials said. The drive was carried out by the Noida authority’s joint teams in villages including Sadarpur, Salarpur, Sorkha Jahidabad, Mamura, Gulavali, Assadullapur, Moyiyapur, and Garhi Samastipur. (HT Photo) The land, located in 12 spots of eight villages, is...

China’s private builders face 3 billion gap to complete homes

China’s private builders face $553 billion gap to complete homes

(Bloomberg) -- Chinese private developers face a $553 billion funding gap to complete pre-sold homes, adding to the woes of an industry that has yet to bottom out, according to a research report by Goldman Sachs Group Inc. Chinese private developers face a $553 billion funding gap to complete pre-sold homes(Bloomberg) Credit support from banks — which totaled 469 billion yuan as of the end...

Lutyens Delhi set for new clock tower soon | Latest News Delhi

Lutyens Delhi set for new clock tower soon | Latest News Delhi

The New Delhi Municipal Council (NDMC) is planning to develop a new clock tower at a central location in the Lutyens Delhi area, senior officials aware of the matter said on Sunday, adding that the civic body has begun to look for a suitable site. he old ‘New Delhi Town Hall’ used to house a clock tower on top of the headquarters building, but the building was demolished in the 1980s to...

Delhi RERA chief cautions real estate developers against falling into investors’ trap

Delhi RERA chief cautions real estate developers against falling into investors’ trap

Real estate developers should not fall into the 'trap of investors’ as this could affect their cash flows and result in projects getting stalled, Anand Kumar, chairman, Real Estate Regulatory Authority for NCT of Delhi and Chandigarh said that the CII Conference on ‘Evolving Landscape of Indian Real Estate: Trends and Future Outlook’ held in the Capital. Real estate developers should not...

Thailand’s Central buys German luxury retail property KaDeWe

Thailand’s Central buys German luxury retail property KaDeWe

DUESSELDORF (Reuters) -Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin(Pixabay) Central said in a statement on Friday that it was optimistic about talks to acquire...

Home prices dip in Canada as buyers await lower mortgage rates

Home prices dip in Canada as buyers await lower mortgage rates

(Bloomberg) -- Canadian home sales were basically flat and prices dipped in March, a sluggish beginning to a spring market that some analysts believe will pick up soon as the Bank of Canada moves closer to cutting interest rates. Canadian home sales were basically flat and prices dipped in March, a sluggish beginning to a spring market. (Picture for representational purposes only)(Pixabay)...

8 mn sq ft of mall supply likely to hit the market this year: Cushman & Wakefield report

8 mn sq ft of mall supply likely to hit the market this year: Cushman & Wakefield report

Around 8 million square feet of retail supply is expected to hit the market this year. Over a third of the inventory is anticipated to be in superior category malls and nearly half is likely to be in Hyderabad, a new report by Cushman & Wakefield has said. Around 8 million square feet of mall supply is expected to commence operations across the country this year (PTI) The report further...

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