By Accommodation Times News Services
DLF has signed a definitive sale agreement for its 150MW wind power units in Gujarat to Bharat Light & Power. The deal is valued at an enterprise value of ~Rs 4.9 billion, of which Rs 2.8 billion would be a lump sum consideration and the balance would be transfer of debt. [...]

By Accommodation Times News Services
Union Tourism Minister Shri Chiranjeevi has welcomed the decision of Reserve Bank of India to allow Indian companies in the hotel sector to avail benefits under the ECB (External Commercial Borrowings) scheme to repay their outstanding rupee loans and or to finance fresh capital expenditure.
In a statement issued here today [...]

By Accommodation Times News Services
India Ratings-Chennai-1 February 2013: India Ratings has maintained an overall negative outlook for Indian infrastructure projects for 2013, considering project companies’ continued weak credit profiles. However, some sub-sectors have a split outlook. The outlook for power projects remains negative while certain pockets in the transportation sector have a stable outlook. [...]

By Accommodation Times News Service
Raising the Floor Space Index (FSI) by up to 30% across Ahmadabad to create or to promote affordable housing units will encourage the new development plan likely to announce today. The plan which covers 1,772 sq m covering almost 68 villages is expected to raise the FSI from the existing 1.2 [...]

By Accommodation Times News Service
There is an emergency meet of the Property Owners Association on the new value-based property tax system. The POA want the BMC to reconsider the system which does not offer any cap for buildings that got occupation certificates after April 2010. Under the Maharashtra Rent Control Act tax has to be [...]

By Accommodation Times News Service
Five lakh families in urban India are likely to get possession of new homes this year, after a many years. Property research firms as well as property consultants estimated that 4.5- 5 lakh homes will be ready for delivery in 2013, the highest in a single year. In a contrast only [...]

By Accommodation Times News Service
The rise in the price of bricks from Rs 3,600 to Rs 6,200 per thousand bricks can pinch the dream of buying the dream house in the near future. Known fact is that bricks are an important component in the construction of any building any hike in the prices will definitely [...]

By Accommodation Times News Service
A day after the Reserve Bank of India (RBI) cuts its key policy rates, country’s largest lenders like State Bank of India (SBI); HDFC has cut its lending rate. After this marginal reduction, SBI base rate or the minimum rate of lending will come down to 9.70% from 9.75% effective February [...]

By Accommodation Times News Service
A day after the Reserve Bank of India (RBI) cuts its key policy rates, country’s largest lenders like State Bank of India (SBI); HDFC has cut its lending rate. After this marginal reduction, SBI base rate or the minimum rate of lending will come down to 9.70% from 9.75% effective February [...]

By Accommodation Times News Services
TERI organizes International Workshop on Resilient Cities- Experiences from ACCCRN in Asia and Beyond
New Delhi, 29th Jan, 2013: In an endeavor to bring the knowledge and experience generated through the ACCCRN initiative, and explore synergies with similar other initiatives, TERI in association with Rockefeller Foundation today organized an International Workshop on [...]