Cities
Delhi civic authorities seemed to have waken up to the loss of revenue they have been suffering from long. On a strict note, the East Municipal Corporation (EDMC) has announced that it will undertake a sealing drive against properties that have not paid the conversion charges. After October 15, action has been promised against those [...] Continue Reading »
Mumbai-based Omkar Realtors & Developers is in talks with Kolkata based Forum Projects to enter into a residential joint venture. The two parties are en route to develop a two-lakh sq ft super luxury residential project off Bandra-Kurla Complex in Mumbai. The project will mark Forum Projects’ entry into Mumbai’s prime realty market. The project [...] Continue Reading »
As political atmosphere heats up, Indian real-estate major DLF Ltd. has denied allegations that it gave interest-free loans and sold land and apartments at throwaway prices to Robert Vadra, the son-in-law of Congress president Sonia Gandhi. India Against Corruption activists Arvind Kejriwal and Prashant Bhushan had alleged last week that DLF received undue favoritismreturn for [...] Continue Reading »
Construction of multi-storied residential apartments has gained pace in small towns of Odisha. Real estate development was centered around Cuttack-Puri-Bhubaneswar triangle earlier and housing demand was confined to these big cities. However, scenario has changed as several residential projects are coming up in smaller towns such as Angul, Jharsuguda, Sambalpur, Bargarh, Balasore, Bhadrak, and Berhampur. [...] Continue Reading »
The Competition Commission of India (CCI) has rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech. The developer was cleared off charges as the fair trade regulator did not find any evidence to support the charges. CCI maintained that there was nothing on record indicating any evidence of dominance of Supertech. [...] Continue Reading »
Pune and Bangalore are being the front runners in the real estate sector amidst an otherwise gloomy atmosphere on the realty front. The two cities have witnessed significant number of launches, boosted by quicker approvals and consistent demand from home buyers. Intriguingly, markets in Pune and Bangalore are different from one another. The cities have [...] Continue Reading »
Pune real estate has been undergoing a strong transformation. Demand for homes have come from both local population as well as outsiders in the market. Potential buyers are no longer individuals from the IT Sector alone but also from other business sectors such as automobile, manufacturing, education and services. The increasing demand has resulted in [...] Continue Reading »
The Bruhat Bangalore Mahanagar Palike (BBMP) plans to bring in developers to help them out to segregate waste. It has already conveyed their wish to Confederation of Real Estate Developers Association of India (CREDAI) – Bangalore. BBMP sources say that the waste management plan is an ambitious one and they want to educate developers in [...] Continue Reading »
The Kochi City Corporation is planning to tie up with the Railways to channel the city’s non-degradable waste and construction debris for construction activities of the Railways. The waste can be used as a filler for the construction of platforms and other development works. Thiruvananthapuram City Corporation has already tied up with the Railways for [...] Continue Reading »
Chennai suburbs are witnessing rapid realty growth. However, deplorable infrastructure condition have been a menace that citizens have to grapple with. Medavakkam has witnessed a real-estate boom in recent years with residential apartment blocks and individual houses sprouting up rapidly. Poor state of infrastructure, including unmotorable and poorly lit roads, and the poor disposal of [...] Continue Reading »
