Cities
India is to witness a nationwide strike on Wednesday and Thursday. Bank services are likely to be on halt, auto rickshaws will be widely affected on both days. However, BMTC and KSRTC services are likely to be hit only on the first day. What is the reason for the strike? The strike has been called [...] Continue Reading »
The state government is planning to cut the cost of formalizing joint development agreement to a mere Rs 200, which is expected to benefit consumers as developers will pass on the cost benefits to them. In order to keep builders happy, the government has removed the one percent fee clause imposed on joint development agreement and related power [...] Continue Reading »
With an eye on NRI investors, Supertech plans to launch its maiden venture in Bangalore. The project will cost around Rs 100 crores and will have 500 apartments at a price of Rs 1 crore and above. They have already finalised the land and the construction will soon take place. The company may spread its [...] Continue Reading »
Celebrity Housing launches premium villas named ‘Celebrity Harmony’ in Electronics City, Hosur Main Road, Bangalore. The project is BMRDA approved and is located at Electronic City, 3.5 Kms from Wipro in Electronics City Ph- I, and walkable distance from HCL (SEZ) and Bommasandra – Jigani Link Road. Celebrity Harmony offers 3 and 4 BHK villas with [...] Continue Reading »
A real estate consultancy firm conducted a survey among the luxury home buyers. The consultancy firm found the two things home buyers wanted in their million dollar apartments are floor to ceiling glass windows and large balcony space. A recent report by the consultancy firm says that Bangalore has 52 projects which have residential apartments [...] Continue Reading »
New Delhi- ‘GRIHA LD’, a new rating system for green large building complexes, has been launched by The Energy and Resources Institute (TERI) in association with Association for Development and Research of Sustainable Habitats (ADARSH). GRIHA LD would provide planning practices and guidelines that can be followed to reduce the negative environmental impact of large-scale [...] Continue Reading »
Delhi- South Delhi Municipal Corporation is set to demolish all illegal buildings in Shri Sai Kunj, an unauthorised colony being developed in the Vasant Kunj area. A Supreme Court-appointed monitoring committee, named, Sealing of Commercial Establishments in Residential Premises, has recently discovered the unauthorised colony located adjacent to the Institute of Liver and Biliary Sciences [...] Continue Reading »
Gurgaon- In order to establish the Haryana Real Estate Regulatory Authority (HRERA) for regulation and planned development of the realty sector, the Haryana Town and Country Planning Department has invited suggestions on The Haryana Real Estate (Regulation and Development Bill-2013). The Authority would regulate properties of over 1000 square meters or projects consisting over 12 [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
Hyderabad- Rangareddy district administration has rejected more than 75,000 applications with regard to regularisation of encroached government land as the applicants failed to furnish proper proof to confirm from when they possessed those plots. The applicants were asked to provide proof to show that they have been holding the possession of the land before 2003 [...] Continue Reading »
