Government of Karnataka Recovers 18000 Acres of Land from Encroachers.

The Hon’ble High Court on wednesday ordered the Lok Ayukta to investigate land acquistions made by the KIADB over the past five years in Bangalore Urban and Rural districts involving 3,375 acres.
The Hon’ble Justice H V G Ramesh, HC Judge observed that, “when there is 18,000 plus acres of land available, what is the necessity [...]

Housing Bubble In US To Become a Full-Blown Crisis by 2008.

In US the housing bubble has already burst under the weight of rising interest rates and the ever-deepening mortgage market crises for those borrowers with weak credit histories. The bursting comes after home prices went through the roof by speculation upto 80% between 2000-2006.
The housing market is now characterised by falling home prices nationwide for [...]

Opportunity for Developing High End Commercial Complex at Port Blair, A&N Islands, India.

Andaman & Nicobar Islands Integrated Development Corp Ltd, (ANIIDCO), invites sealed offer/bid for developing and operating mohanpura commercial complex project at Port Blair. The project to be in a 10000 sq.m. plot. The site is located in the centre of the city and well connected with rest of the city. The project site will be [...]

India’s Forex Reserves at 203 Billion USD.

India’s forex reserves at 203.092 Billion US$. Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Pound Sterling and Yen held in reserves. Experts estimate that the forex reserves would touch approx 270-280 Billion USD by end of this financial year.