#RealtyNewsRoundup: Nitin Gadkari Announces Projects Worth Rs 41,000 Cr For Telangana
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
Top News
Union Minister Nitin Gadkari has announced road projects worth Rs 41,000 crore for Telangana. The projects include two express highways from Hyderabad in Telangana to Bengaluru in Karnataka and Vijaywada in Andhra Pradesh. Read more
Investment banking major Goldman Sachs has acquired minority stake in the hotel development and investment start-up, SAMHI Hotels. The stake worth Rs 441 crore have been bought to help the hotel to fund its growth plans. Read more
Off the frontpage
According to a research conducted by a leading real estate advisory, new property launches in Bengaluru in 2015 plunged by 62 per cent in comparison to 2014. A majority of new launches were concentrated in the mid-segment. Read more
After considering the financial crunch in the urban local bodies (ULBs) , the state government of Telangana has decided to incentivise the land-losers with transferable development rights (TDR) rather than paying them compensation. Read more