Cities
According to the Ministry Industry, over 50 percent of foreign direct investment (FDI) was coined by Maharashtra and Nation Capital Region inside the country since 2000. Around $61.13 billion, about 33 percent of total inflow was bagged by Maharashtra during April 2000 – October 2012 and Delhi-NCR, Haryana has received $35.4 billion of FDI during [...] Continue Reading »
New Delhi- One of the key ideas to increase the gross domestic product (GDP) growth in India are the reforms in the real estate sector. As per an official of a real estate association, the tax reforms and the steps to cater the low cost funds via external commercial borrowings will result in an increased GDP [...] Continue Reading »
Hyderabad- The Accountant General (AG) questioned and asked for explanation from Greater Hyderabad Municipal Corporation (GHMC) for not complying with the Municipal Solid Waste (Management and Handling) Rules, 2000. Few questions which were raised included about mishandling of sweeping and transportation of garbage and delay in making the project operational. Although GHMC entered into an agreement with Ramky Enviro Engineers Ltd in [...] Continue Reading »
Gurgaon- Lack of efficient public transport from Dwarka to Gurgaon has annoyed the commuters of Dwarka-Gurgaon. Thousands of people commute in the route of Dwarka-Gurgaon and the small number of private buses that ply in this route are not sufficient. The private buses run only in peak hours and the DTC buses are very few [...] Continue Reading »
Pune real estate is growing at a fast pace in recent times. This is because of pleasant climate, peaceful atmosphere, education, career openings and great accessibility to businesses communities worldwide. Also, its proximity to the finance capital of the country has given it an edge from other cities. As per research, the increase in construction [...] Continue Reading »
Delhi NCR- National Green Tribunal (NGT) has issued notices to the principal conservator of forest and the chief secretary of Haryana, with regard to the encroachment of common hilly and forest land in Aravalis by private builders. The issue was brought to the notice of the Green Tribunal through a news report considering the possible [...] Continue Reading »
The residential property market in Bangalore saw an absorption of 4,645 units during third quarter against 4,290 units in second quarter. The increase in demand was due to the home buyers shifting towards purchasing a property rather than paying high rents and also due to the improved sales in projects that are about to get [...] Continue Reading »
The metro project is running behind the schedule by almost 2 years. However, the 42.3 kilometers long Phase-1 of Namma Metro should be ready by the mid of 2014. The Bangalore metro project got all the necessary approvals from the Commissioner of Metro Rail Safety and it will pass over the Indian Railway Bridge. The design also [...] Continue Reading »
Chennai- The Government approved highest number of residential and commercial projects for construction ever in the year 2012. This will result in change of city’s landscape and horizon. Chennai Metropolitan Development Authority (CMDA) has given its consent to 549 special buildings and 88 multi-storeyed and IT buildings. In next few months, the city will show growth in number [...] Continue Reading »
Real estate developers face many challenges to get approvals from the authority which in turn lead to delay in construction work and possession. The government is planning to set up fast track approvals for real estate projects where they will post all the approved projects online to minimize delay in possession. It will be easy for consumers [...] Continue Reading »
