Cities
Bangalore- The Bangalore Development Authority (BDA) issued notices to 12 property owners in Kengeri for installation of mobile towers on the terrace of their homes. The authority claims that renting out terrace portion to any telecom company for setting up their mobile towers is in violation of the rule that residential property cannot be used [...] Continue Reading »
There was no time-limit set for the implementation and approvals of the real estate bill 2012 by the central government. Just to smoothen the urban construction, protect consumer interest and to have a healthy real estate developments of apartments and unauthorized colonies, the bill was prepared in consultation with all stakeholders. The Parliament has not received necessary approvals [...] Continue Reading »
Madurai- It is a dream for every dalit in Tamil Nadu to have their own land. Some of them who have are scared of losing it. Their fear was reflected in their words when M Mayakkal of Poomparai in Kodaikanal depicted her story at ”Dalit women’s land rights,” organised by Evidence,(an NGO in Madurai). She told [...] Continue Reading »
The hi-tech city on 9000 acres by Wave Infratech was halted due to the agitating against land acquisition by the farmers. This project was antagonized for last two years. The Gautam Budh Nagar Administration designed policies in Lucknow, hence senior officials have already taken the final decision and it is also passed by Ghaziabad Development [...] Continue Reading »
If you are planning to buy a residential property next year, you are going to get many attractive mode and scope of payment scheme but there will be cut short of amenities and facilities in the project. Real estate developers understood that because of overpricing, the properties in India are not getting sold out and [...] Continue Reading »
Bangalore- Karnataka Chief Minister Jagadish Shettar has directed the Bangalore Development Authority (BDA) to allot sites to applicants only if infrastructure facilities have been created in the layouts. Half of the work on providing basic facilities has been done in the BDA’s newly formed layouts. The remaining work has been planned to be completed by [...] Continue Reading »
A report by PricewaterhouseCoopers and Urban Land Institute stated that cities like Mumbai, Bangalore and Delhi have seen less desire by international bodies in real estate sector for investment purpose. In 2012, Mumbai, Bangalore and Delhi were in 10th, 15th and 12th rank in the report Emerging Trends in Real Estate Asia Pacific which has [...] Continue Reading »
Delhi- NCR : Finance Ministry has asked Reserve Bank of India (RBI) to relax the provisional norms depending on the infrastructure of the buildings. This will help the banks to lend attractive home loans to the buyers. The rule is that all the banks have to keep aside an amount equal to the one percent [...] Continue Reading »
Thiruvananthpuram- The issue of land acquisition is been exaggerated by two ministers by sending confusing signals to the land owners which in turn creates hurdles for developmental projects in Kerela. Owners who are willing to surrender their land as per the Rehabilitation and Resettlement (R & R) package will be provided Infrastructural Bonds (IB) by the revenue department. [...] Continue Reading »
Unitech Corporate parks is a listed company on London’s Alternative Investment Market, where developer Unitech holds 40 percent stake.The company has decided to block one of the largest assets in India which has a valuation of RS 3,000 crore. Coming up is a new information technology special economic park in Gurgaon near Delhi which spreads [...] Continue Reading »
