Cities
Chennai- A memorandum of Association has been signed between SARE Homes and ICICI bank. Under this agreement the bank will offer special finance schemes for the real estate developers for the two upcoming projects. SARE Homes (South Asian real estate) has invested in seven integrated projects in major cities in India namely, Gurgaon, Amritsar, Ghaziabad [...] Continue Reading »
In 2013, the real estate sector is to witness transformation. Real estate (Regulation and Development) Bill which was pending since 2009 is expected to come up in the budget session of parliament in February. The Bill will empower consumers and enforce discipline among property developers and it proposes to set up an industry regulator along the lines [...] Continue Reading »
Developers are expecting a positive future for the real estate sector this year with the government’s plan to give the sector favourable policies and industry status. The real estate sector has eagerly been waiting for the industry status. However, there is an increased demand for the industry status because of the growing demand with limited funds, less [...] Continue Reading »
Hyderabad- According to Larsen & Tuobro chief, Hyderabad metro is expected to run in mid 2015. Hyderabad metro rail project is one of the largest urban infrastructure projects in India which is under public-private partnership. This rail project will run along 71.16km distance with three corridors having 66 stations. The first phase which connects Nagole [...] Continue Reading »
An official from Ghaziabad Development Authority (GDA) said that within two years the authority will build two lakh low cost housing units. Ghaziabad is divided into two parts; old Ghaziabad and new Ghaziabad. The old area has a rich traditional background and the new area has a modern and cosmopolitan character. Ghaziabad real estate has [...] Continue Reading »
Ahmedabad- Gujarat International Finance Tec-City is planning to develop metro rail infrastructure on its own and within its campus. GIFT city officials approached the state government regarding their plan of the metro rail project. They have been planning to construct a multi-modal transit station at GIFT and other metro stations. Since there is a commercial [...] Continue Reading »
Kolkata- Kolkata metro is suffering heavy operational losses from past many years. Thus the officials demanded for fare hike. On January 9, 2013 Union Railway Minister announced an increase in railway fares across the country, however, Kolkata metro fares remained untouched. Metro is the the cheapest form of public transport. The Kolkata metro fare has not [...] Continue Reading »
Kerala- Kerala government has sent a request to Federal government to include Non-resident Indians (NRIs) in Aadhaar card plan. The Chief minister of Kerala sent this request to Federal United Progressive Alliance government at the on-going Pravasi Bharatiya Divas on January 9, 2013. He wanted to consider this request after the process was completed for resident Indian citizens. [...] Continue Reading »
Pune Municipal Corporation has recently approved the development plan (DP) for old city areas which was in draft mode for long. The general body of the municipal corporation approved the same after12 hours of discussion and speeches by 53 corporators. It was approved after three long months of getting it. At the end of discussion, [...] Continue Reading »
New Delhi- With the budget just a month ahead, the Railway Minister has made a rare decision of raising the railway fee by January 21 midnight. This is the first such increase in the decade with a net amount of Rs. 6,600 crore a year. This increase in the railway fee will generate an additional amount [...] Continue Reading »
