The senior housing sector in India is at a nascent stage with huge opportunities for the real estate developers, service providers, healthcare players and operators. Unlike western countries where the senior living sector has gained maturity, India has huge untapped potential in the sector.
Piramal Enterprises has announced its plans to enter the retail housing finance business. Piramal Finance, its 100 per cent subsidiary, will further make an application to the National Housing Bank (NHB) for incorporating a housing finance company (HFC) as its subsidiary.
The Himachal Pradesh Government has invited investments into the state´s hospitality industry. The state government intends to facilitate big hoteliers by either providing them land on lease or by identifying suitable land for them to construct hotels.
Air India is to give preference to State-owned enterprises to lease its 1.7-lakh sq ft office in central Delhi's Baba Kharak Singh Marg. AI's decision is part of its programme to monetise real estate assets. The loss-making and debt laden airline had decided in February to monetise its properties spread over India and various parts of the world over the next three years to raise an estimated Rs 5,000 crore, kick starting the process with its city terminal office at Baba Kharak Singh Marg.
Sales of Bharatiya City project's 'Nikoo Homes Release II,' near Hebbal in Bangalore is opened from January 23, the company said in a release. The company said that construction of Bharatiya Centre for IT and IT Park within the project has been started.
Pune Municipal Corporation (PMC) is set to receive Rs 46.6 crore from Maharashtra government to undertake projects sanctioned under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The Rs 46.6 crore is part of the overall grant of Rs 63.8
Air India's plan to lease vacant floors in its iconic Nariman Point headquarters in Mumbai is facing rough weather, but Civil Aviation Minister Ajit Singh is confident the government-owned carrier would be able to carry out its plans to monetise the real estate.