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GMR Airports Ltd Wins Greenfield Heraklion Airport In Greece

New Delhi: Aviation major GMR has won the contract to operate the New International Airport of Heraklion at Crete in partnership with Greek infrastructure major TERNA S.A. (100% subsidiary of GEK TERNA Group).

This Partnership with Greek infrastructure major at Crete for the New International Airport of Heraklion is considered important because Crete is a major tourist destination and the Heraklion airport had been a gateway for 15%-20% of tourist arrivals to the country.

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Housing for All by 2022 - The Clock is Ticking Away

Affordable housing is not just about providing homes to the lower-income strata of society, though that is what the Modi government's avowed intention behind the 'Housing for All by 2022' doubtlessly is. Affordable housing creation also has a direct and favourable correlation with the nation's economy, as well as most other real estate segments. Housing for lower-income wage earners increases the economic strength of any city or region, as it attracts inward migration which creates a bigger manpower pool.

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Job losses to impact residential property demand in IT cities

With job losses looming large for those employed in the IT industry, demand for residential realty across Indian IT hubs of Bangalore, Hyderabad, Pune, as also Navi Mumbai in Mumbai and Noida in NCR could be impacted. Among cities, Bangalore and Pune both rely heavily on IT companies for not only job creation but also to drive office and residential real estate demand. Resultantly, these real estate markets face the maximum risk from an IT meltdown.

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Understanding the Intricacies of Real Estate Funding

Real estate development remains a highly lucrative business line, which is why most builders retain skin in the game even in the face of strong market headwinds. However, real estate development also remains a highly capital intensive business, and among the many new market truths that RERA has brought to the fore, the fact that only well-capitalized players will endure going forward stands out.

Anil Madhav Dave

Dear Friend May You Rest In Peace - In Memory of Anil Madhav Dave

Anil Madhav Dave was a perfect gentleman and an erudite politician. We were elected to the Rajya Sabha from Madhya Pradesh together in 2009. We shared a bench in the House and I got to know him well. He was deeply committed to the conservation of River Narmada and ran an efficient NGO called Narmada Samagra. 

0Few people know he could fly a plane and undertook a survey in a two-seater aircraft from the source of the Narmada at Amarkantak to its estuary on the Arabian Sea.