Cities
Nagpur- The elevated Nagpur Metro Rail project has been approved by the Maharashtra government. The estimated cost of this metro project is around Rs 7,350 crore. The project will be implemented by Nagpur Improvement Trust (NIT). The metro proposal will be soon forwarded to central government for approval, said Chief Minister. The Detailed Project Report [...] Continue Reading »
Indiabulls Real Estate Ltd has signed an agreement with Doha Bank to offer exclusive deals to its NRI customers on properties in India. It includes complimentary home loan eligibility checks, exclusive promotion for Doha Bank Indian customers and special offers on Indiabulls properties. It will provide mortgage loans to NRIs for acquiring properties in India. [...] Continue Reading »
The Metro firm has signed a loan arrangement for the second phase of the Intra City rapid metro project, while the first phase is all set to start in Gurgaon this May. The Rapid Metro Rail Gurgaon South Limited (RMGSL), the Special Purpose Vehicle (SPV) is formed for taking of the phase 2 project, has [...] Continue Reading »
Lucknow- DLF limited, one of the largest real estate developer in India, has launched its studio apartment project named “My Pad—City Centre” in Lucknow. This new project in Lucknow spreads over 5 acre and would encompass 500 studio apartments and 100 shops in the next three to four years. My Pad—City Centre is the second [...] Continue Reading »
The South Corporation and Delhi Development Authority (DDA) have engaged in a dispute over the fate of farmhouses in the city. Both the agencies are fighting to establish their authority over the properties that will bring Rs 600-1,000 crore into the treasury as convergence fee. The dispute started when DDA passed a proposal to bring [...] Continue Reading »
With increasing debt and low sales months after months, the real estate companies have thought of going to the Institutional Placement Programme (IPP) to sell the shares to the investors. This IPP route will be taken by the builders as against the Offer For Sale (OFS) way to comply with the Sebi norms of public [...] Continue Reading »
Shimla- The prices of properties in Himachal Pradesh have fell by up to 30 percent in the past year, said real estate experts. A 2 BHK flat in Shimla, Kasauli and Solan towns is now available at approximately Rs 25 lakh, a 3 BHK is available for Rs 35 lakh to Rs 45 lakh and [...] Continue Reading »
RBD Still Waters is a residential project by RBD Shelters. The project is located at Sarjapur road, right next to HSR layout. The project comprises of 300 premium apartments with no common walls connecting. RBD Still Waters is spread over 7 acres of land on the banks of the pristine Lake dew lake. RBD Still [...] Continue Reading »
Hyderabad- With just few days left for the financial year to complete, the Greater Hyderabad Municipal Corporation (GHMC) is applying all kind of strategies to collect tax dues from property tax defaulters. So far, the corporation has collected Rs 634 crore as against the target of Rs 850 crore. Few of the tactics adopted are [...] Continue Reading »
Even before getting physical possession of the land from the Bangalore deputy commissioner, the Karnataka Slum development Board (KSDB) has distributed sites to the slum dwellers at Devarabeesanahalli in Bangalore city. Former MLA sought information from KSDB about the illegal construction on 38 acres and 27 ghuntas of land at survey number 15 and 16 [...] Continue Reading »
