Cities
The finance ministry says that the Reserve Bank should allow the real estate companies and the broking firms to set up their own banks as adequate safeguard will be there to prevent the exposure of the promoters to the related entities. As per the sources, the firewall has been proposed to avoid undue influence of [...] Continue Reading »
New-Delhi- Unless the Army ensures to offer a gainful redevelopment plan to the Delhi Government, they will have to vacate a World War II barrack on prime land in Lutyens, Delhi. The Army was further asked to make the government’s intention clear about forfeiting the underutilized land in an overcrowded Capital. As per the Army, they are ready to vacate the Princess [...] Continue Reading »
On January 21 and 22, Mumbai will witness a water shortage of 5%. The water cut is due to the replacement of current and potential transformers of substation at Panjrapur. Due to the replacement work, the pumping station will be shut down for two hours on these two days. Less water will be supplied from [...] Continue Reading »
New-Delhi- After two long years of ignorance, the civic body awakens to penalize about 50 building defaulters. Earlier in May 2011, around 50 illegal buildings in Feroze Gandhi market were issued notices by the Ludhiana Municipal Corporation. The Civic body is again into action and has started sealing and demolishing the buildings with four and more [...] Continue Reading »
New-Delhi- Situated at a distance of 30 km from Gurgaon, Dharuhera, a satellite city, emerges to be the upcoming realty sector in Haryana. Dharuhera which is located Rewari district of Haryana, is strategically placed on the NH-8 junction and SH-28 routing to Palwal. This city is expected to be the gateway to the Delhi-Mumbai Industrial corridor. [...] Continue Reading »
Lucknow- Two metro rail projects of Lucknow are likely to be assessed by the officials of Planning Commission and Delhi Metro Rail Corporation (DMRC). The officials would prepare an estimate of financial model under which the project could be executed. The two stations have been proposed to be built at Aminabad and Hussainganj. The team [...] Continue Reading »
Greater Noida- In a recent board meeting, the Yamuna Expressway Authority has decided to develop industries on portions of the land in Jewar which was proposed for an international airport during the BSP regime. However, the rest of the land patches will be left barren for future plans. During the BSP regime, a proposal to construct an international [...] Continue Reading »
From May, it will be easy to know whether you have won the lottery for affordable houses in Mumbai. Maharashtra Housing and Area Development Authority (Mhada) is planning to send SMS alerts and emails to those who have won after minutes of the lottery draw. Currently, the procedure is very tedious. This move will bring [...] Continue Reading »
The BBMP started demolition drive in Ejipura and have demolished at least two dozen huts. Demolitions in the colony have been happening on a frequent basis over the last few months. The 15 acres and 22 guntas of land on which the shantytown is located is slated for the construction of a mall and higher [...] Continue Reading »
The real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors is to invest about Rs 250 crore in two projects in Mumbai and Pune in next one month. One of the projects is a slum project in Mumbai and the other one is a residential project in Pune. The Piramal group is currently [...] Continue Reading »
