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The Mysore City Corporation is planning to celebrate its 150th anniversary on July 24. A consultative committee is constituted to draft plans for celebrating the event in a grand manner. A sum of Rs 50 lakh has been set aside for the celebrations. The old town of Mysore of the early 19th century comprised Old [...] Continue Reading »
The Ankleshwar municipality has decided to spend Rs 45 crore to renovate, beautify, broaden and strengthen city’s roads. The funds will be used for reconstruction of proper drainage system, cleanliness of city with dust machines, wall to wall flooring, and paver blocks on the side of main roads, proper dividers and removal of encroachments of [...] Continue Reading »
After the UP government cancelled the Greenfield airport project at Jewar in Greater Noida, the property prices around Noida and Greater Noida slumped by 25 to 30 per cent. The Yamuna Expressway‘s returns were linked to a large part on the development of the airport at Jewar and the consequent traffic generated on this highway. [...] Continue Reading »
The Ghaziabad Development Authority (GDA) has sealed 170 flats at Ghaziabad under the Amrapali Village Apartments in Nyay Khand-II, Indirapuram for violating building bylaws. The authority has found that the builder illegally constructing two towers with 68 and 102 flats inside its already existing Amrapali Village housing complex in Indirapuram. An inspection team has found [...] Continue Reading »
Shortage of sand is a major crisis which is affecting the building construction in Mangalore. The government wants that the builders should start using the silt accumulated in the Lakhya dam. According to the government, if the developers start using the silt as an alternate material for Sand, it will help the dam to increase [...] Continue Reading »
Real Estate firm Supertech Limited has planned to raise Rs 3000 Crore from PE investors. The real estate builder has also planned to construct a 10 acres housing project in Gurgaon. The project will construct 600 apartments. And some portion of the raised amount will be invested in the project. The remaining amount will be [...] Continue Reading »
Emaar-MGF is looking at fast completion of its existing projects in India in the current financial year rather than launching new projects. The main focus of the company is on business consolidation as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden. Though some new [...] Continue Reading »
A real estate builder in Punjab disappeared after taking crores from home buyers. The builder, named Jeewan Garg, sold apartments in their proposed Royal Empire and Royal Apartments in Zikarpur. The people who have invested in those projects, approached police complaining that they were cheated by the builder. The police are trying to find out [...] Continue Reading »
Considering the cost of the properties in India it seems that the demand for the properties in India is increasing. But the scenario is opposite to what it looks like. The costs of properties are raising and the demand has fallen in all major cities in India. The main reasons of falling demand of properties [...] Continue Reading »
The Krishna District Building Workers Union and Center of Indian Trade Unions have launched a 48-hour hunger strike demanding the State government to take necessary steps to ease the sand scarcity. The building workers vowed to protest near Sub Collector’s office until the government heeded to their demands. The workers union is protesting against various [...] Continue Reading »
