Cities
On Wednesday, the Noida authority lodged an FIR against the real estate firm Pratham Builders under the sections of fraud, illegal use of government land and sand mining at Sector 58 police station. On Wednesday, the Noida police arrested eight people, who were found illegally mining sand on its project site at Sector 122. They [...] Continue Reading »
Realty developers in Maharashtra could soon face disqualification and cancellation of registrations of their projects. This has created some ripple in the real estate industry and the realtors are trying to take measures to safeguard their companies from this disqualification and cancellation. If a court declares the document (contractual agreement, power of attorney, etc.) giving them the [...] Continue Reading »
A Mazgaon high-rise has become the first in south Mumbai since 2010 to get the BMC approval after height restrictions for high-rises situated close to the Doppler Weather Radar (DWR) were recently lifted by the Bombay High Court. The BMC (Brihanmumbai Municipal Corporation) had earlier issued a policy guideline requiring high-rise projects coming up within [...] Continue Reading »
Karnataka will have two of the five no-frills airports that the Government plans to set up to promote regional air connectivity, tourism and other economic activities in tier II and tier III cities. A senior official of the Airports Authority of India told newspersons here on Tuesday that apart from Hubli and Belgaum in Karnataka, [...] Continue Reading »
Construction on the Metro’s much-awaited Ghaziabad corridor is likely to start by December this year. Delhi Metro officials said tenders had already been called and several big companies had shown interest in constructing the line. The tenders will be opened on September 30. The extension of the Rithala Dilshad Garden Line, the 9.6-kilometre corridor up [...] Continue Reading »
One of the most prominent South Chennai locations, in terms of significant realty potential, is Chromepet — a locality which has the Grand Southern Trunk (GST) road passing through it. One of the key factors which make the Chromepet micro-market an affordable residential hotspot in South Chennai is the locality’s close proximity to IT hubs [...] Continue Reading »
Housing sales dropped by 37 percent in Delhi-NCR to nearly 28,500 units during the first six months of this year due to slowdown in the property market, real estate consultant Knight Frank said today. In the year-ago period, the National Capital Region (NCR) had witnessed sales of 45,300 housing units. Launches of new homes in [...] Continue Reading »
Noida has it all. Residential units in this market are available within the affordable price range of Rs 45 lakh to Rs 55 lakh in both the primary as well as the secondary market. What, however, has ruined buyer sentiment in this market is delay in delivery in many cases. Things could look up for [...] Continue Reading »
Non-resident Keralites (NRK) are fuelling Kochi house prices by 30 percent, said P S N Rao, chairman of National Association of Realtors-India (NAR-India), the national federation of associations of real estate agents in 25 cities of the country. Rao based his observation on the data collected through the network of Kerala Realtors Association (KRA) members [...] Continue Reading »
Betting big on Indian realty, Sotheby’s International Realty Affiliates LLC — a group company of global auction house Sotheby’s International — has signed an exclusive agreement with Delhi-based real estate consultancy firm RealPro to develop its brand in India by setting up a brokerage firm. North India Sotheby’s International Realty is set to start operations [...] Continue Reading »
