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Govt Eyes Rs 9,000 Crore From Sale Of Land, Realty Assets Of Air India
Tuesday, December 4, 2018, 3:38 PM
The government is looking to raise around Rs.9,000 crore from the sale of debt-laden Air India's land and real estate properties. The sale aims to trim the Rs.55,000-crore debt of the national carrier and fetch a better valuation when there is a strategic sale again. Last week, government approved transfer of debt worth Rs.29,000 crore to a special purpose vehicle.
Bill Gates Spent $171 Million on Washington Farmland, Report Says
Sunday, September 30, 2018, 12:06 PM
World's second richest person Bill Gates reportedly spent $171 million (Rs.1,240 crore) to buy 14,500 acres of farmland in the US' Washington. The Microsoft Co-founder, who is worth $98.9 billion, bought the property from John Hancock Life Insurance Company, which paid $75 million for it in 2010. This is reportedly the most expensive US land sale so far this year.
New drone regulations to boost transparency in real estate sector
Sunday, September 9, 2018, 6:19 PM
India's new drone regulations are set to change the landscape of the real estate sector from December, as the 3-D mapping of properties will not just become powerful tool for marketing but will further boost transparency and accountability, industry experts say. The commercial use of drones under the recently announced DGCA norms has been made legal from December 1.
