Cities
In a move to bring in relief to the developers, the Ministry of Housing & Urban Poverty Alleviation decided to keep the commercial offices and shops out of the purview of the Real Estate ( Regulation & Development) Bill. According to officials, the bill will only regulate the housing sector. For now, the current draft [...] Continue Reading »
New Delhi- Owing to delay in initiating projects, prices of properties in India have shot up by 40 percent, reports Economic Survey 2013. Before the construction activity of a project has to be started, the builder of the project has to complete 34 procedures to get clearances which would take at least six months time [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has got around 3,000 responses on the last day of giving suggestions for the existing land use (ELU) maps. With just one day remaining, 3,000 people came out with suggestions and feedback on the deadline day. At least two months of period was given to the citizens to respond to the [...] Continue Reading »
To assess collateral values for home financing, the UPA-II government is planning to attach greater importance and weightage to Residex, an index to capture changes in the prices of residential buildings at the national level. This drive was initiated keeping in mind the need for new financing schemes for the urban slums’ housing. The economic [...] Continue Reading »
Pune real estate has been witnessing many ups and downs in the recent past due to many factors. The real estate development in the city can be attributed to the presence of software developers and hardware experts which has kept the city’s pace along with a spurt in demand. Based on local demand and supply and [...] Continue Reading »
Kolkata- Although a project with Rs. 4,874 crore and a 100-crore allocation might seem smaller, But, West Bengal is still contented with it East-West front. Making its entry into the pink book, the Metro corridor links with the eastern fringes of the city with Howrah. This ultimately means, the Indian Railways has officially accepted it [...] Continue Reading »
Kolkata- In a recent meeting, the Housing Infrastructure Development Corporation (Hidco) had plans to auction more land through e-auction, especially the 10-acre land situated in Rajarhat New Town, for setting up a private medical college and a hospital. There have already been many floated expressions of interest from the authorities for the project. However, the last date [...] Continue Reading »
Gurgaon- In a meeting held by the NHAI (National Highways Authority of India) and Haryana Government, plans about the de-congestion of the Hero Honda crossing in Honda was discussed. Earlier, the NHAI was rapped by the Punjab and Haryana Court. A senior government official in a meeting held in Chandigarh stated that there was a discussion by the joint committee [...] Continue Reading »
Delhi- As instructed by the Director of Local Bodies, owing to shortage of funds by government regarding payment for layout plans for regularised colonies, the three municipal corporations of Delhi had held meetings with representatives of residents’ welfare associations (RWA). But the Commissioners of all three corporations could not make any move in this regard. [...] Continue Reading »
Nagpur- The city of Nagpur is all set with the development plan of metro along with its completion. Equal importance has been given to the metro region by the Nagpur Improvement Trust (NIT) along with other areas within municipal limits. This is clearly proved through the Budget 2013-2014. However, most metro projects in Nagpur city are witnessing [...] Continue Reading »
