Cities
The IT Capital of India Bangalore and the Oxford of the east Pune have witnessed maximum appreciation in the price of properties. Bengaluru has witnessed the maximum appreciation of 41 % in the mid-income housing segment during the last three years, while Pune tops the list with an average increase of 39 % in the [...] Continue Reading »
The first half of 2014 has seen residential sales volumes in Hyderabad plunge by over 27 percent to 7,300 units, according to real estate consultancy Knight Frank. In a comprehensive analysis of residential and office market performance for January-June 2014, it said that the recent political instability has had an alarming impact on demand during [...] Continue Reading »
During a recent hearing held last week, the Delhi High Court was told that the ‘Tata Camelot Housing project’ near Sukhna Lake in Chandigarh falls under the seismic zone. It was during the hearing of two PILs by a bench comprising Chief Justice G Rohini and Justice R S Endlaw that the Delhi High Court [...] Continue Reading »
In an earlier-this-year move, a sub-regional plan was submitted by the Haryana Government to the NCR Planning Board (NCRPB), seeking the lifting of the ban on issuing fresh licences to builders. During the period between June and August 2014, a record number of 134 licenses were issued by the Department of Town and Country Planning [...] Continue Reading »
The previous MCD’s expenditure, running into crores of rupees, on the reconstruction of Pusa Road pavements – ahead of the 2010 Commonwealth Games in Delhi – has apparently gone down the drain. While the erstwhile MCD spent an exorbitant amount for rebuilding the pavements along the Pusa Road, the present scenario is quite deplorable — over [...] Continue Reading »
The NGT has finally, after a period of more than two years, given the green signal to the Public Works Department (PWD) to resume work on the expansion of the Andheria Mod-Mahipalpur road. The work on the road – which is used by hundreds of people every day to commute to Gurgaon and IGI Airport [...] Continue Reading »
The premises of the Begumpet Airport may be sealed by the Secunderabad Cantonment Board (SCB) due to non-payment of property tax arrears of a whopping amount of Rs 12.38 crore. Going by the general land records (GLR), the sprawling 700-acre Begumpet Airport is located in survey No. 777, which falls within the jurisdiction of the [...] Continue Reading »
Seeking an explanation from Haryana on the release of Gurgaon land which the state initially proposed to acquire for public purposes, the Supreme Court sought details last week of every sale deed between land owners and private builders for 1,400 acres in the district where urban residential and commercial sectors are coming up. But official [...] Continue Reading »
The Delhi Development Authority (DDA) on September 2 restored its online service. A massive response to its mega housing scheme had crashed the official website. Since the launch of the housing scheme on Sep 2, the website received a whopping 18.25 lakh hits. The top officials of the Authority mentioned that in this housing scheme, over [...] Continue Reading »
Bringing transparency, efficiency and accountability in Delhi Development Authority (DDA) is the major focus for Lt Governor Najeeb Jung, the administrative head of the DDA. In a review meeting held today, the LG gave two weeks’ time to the DDA to finalise a restructuring plan in order to bring transparency, efficiency and accountability in the [...] Continue Reading »
