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The Confederation of Real Estate Developers Association of India (CREDAI) has decided to prevent any black money transaction in Indian real estate sector. Many people believe that real estate is the best sector where they can invest their ill-acquired money. According to CREDAI, builders are encouraging the black money in real estate to increase the [...] Continue Reading »
Ghaziabad Development Authority have already sealed 170 flats in the Amrapali Village in Nyay Khand-II in Indirapuram for violating the building bylaws. Now the authority is planning to conduct a survey to identify all illegal properties in Ghaziabad. After the completion of the survey, all such constructions will be demolished. The survey program will be [...] Continue Reading »
The builders of Bhubaneswar are concentrating in building 1 BHK flats and most of the residential projects in Bhubaneswar contains 30 percent to 40 percent of 1 BHK units. According to an analysis almost 3,000 units of one BHK houses are in different stages of construction in the city. Most of the projects are coming [...] Continue Reading »
Nagpur Municipal Corporation has started the process to examine all buildings in Nagpur. This project verification program will be conducted for all old and new constructions in the city. The Nagpur Municipality has ordered the NMC‘s public works department to verify all the constructions and according to the nature of violation, the owners of the [...] Continue Reading »
The real estate builders in Mangalore see more foreign investment for the projects in Mangalore. The foreign investors are showing their interest in investing into Indian realty business as the price of Rupees is falling compared to US dollar. Due to rupee depreciation, a Rs 60 lakh worth of property in Mangalore now costs United [...] Continue Reading »
Real estate in Mangalore will get another luxurious residential apartment named Summit. The apartment complex will be constructed by the Designer Homes. The project is strategically located at the summit on airport road, Mary hill, and a premium residential and commercial area of Mangalore. Summit will be constructed with all modern architecture and high quality [...] Continue Reading »
Punjab and Haryana high court has ordered to stop all construction work for projects in Mohali, mainly in the Patiala Ki Rao area. This order has stopped all construction activity in the Nada, Nayagaon, Karoran village. The High Court has also directed the district administration Mohali to submit a status report about illegal construction made [...] Continue Reading »
The Lalit Suri Hospitality Group will invest Rs 1,200 crore to expand its business in the next three years. In the expansion plan, the group has decided to enter the mid-level segment. In the next three years, the group will invest in developing properties in Tier II and Tier III cities in India. During the [...] Continue Reading »
In the new guideline for high rising apartment in Kerala, the Ministry of Environment and Forests prescribed 15-30 meter road access for buildings of heights ranging from 15 to 60 meter. Anything above 60 m, the minimum road width shall be 30 meter-plus. It also stipulates that a fire station should be located within 2 [...] Continue Reading »
Prithvi Infradevelopers has planned to develop a residential project in Shimla. The project will be constructed on a 5 acre of land. 198 apartments will be constructed under the project. The residential units would comprise of studio apartments, 2 BHK, 3 BHK and 4 BHK flats apart from two Cottages. The cost of apartments will [...] Continue Reading »
