NEW DELHI: Smaller towns and cities closer to metros and industrial hubs are seeing significant housing demand on the back of lower land cost and increased prosperity. This is in sync with the earnings of HDFC, which cited growth in retail loans across smaller towns for posting good numbers for the third quarter.
LUCKNOW: Lucknow Industrial Development Authority (LIDA) in its board meeting on Wednesday approved master plan for the notified area of LIDA. The notified area covers 45 villages of Lucknow and 39 villages of Unnao. The board was headed by LIDA’s chairman and principal secretary, Infrastructure and Industrial Development, Sanjeev Saran.
CNBC TV18: The weakness in the Indian currency, rupee, seen through 2013 has forced some foreign funds to exit the Indian real estate market. A weak economic environment has also pushed domestic players to put their investment decisions on the back burner. However, 2014 seems to have brought fresh hope for the real estate sector in terms of fund flows.
LUCKNOW: Exemplary economic growth in the national capital region (NCR) comprising Noida, Greater Noida and Ghaziabad and the resultant prosperity in these satellite towns has inspired the state government to replicate the model on the Lucknow-Kanpur highway too.
The two projects would collectively span 275 acres, Shalimar Director Khalid Masood said. Of these, the company on Thursday announced the launch of a Rs 200-crore housing project ‘Garden Bay’ spread over about 75 acres on Sitapur-Hardoi Road here. The project comprising 1,500 housing units, has been designed by a Dubai-based firm, he said. It would be completed in the next four years in two phases.