Cities
Lalit Kumar Jain, president of the Confederation of Real Estate Developers’ Association of India (CREDAI) has stated that corruption is the biggest trouble glaring the real estate sector. At the opening address of 12th NATCON, the Credai president remarked that that the humiliating approval process and corruption is to blame for the problems of developers [...] Continue Reading »
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »
A residential project in Bangalore worth Rs 100 crore was launched by Godrej Properties in a joint venture with actor Fardeen Khan and his sister Laila Khan. Godrej Gold Country, a 12-acre premium residential property, will come up on the outskirts of the city in Chikkabidarakallu village owned by late Bollywood actor Feroze Khan. Pirojsha [...] Continue Reading »
Over the last few days, areas such as Noida, Greater Noida and Ghaziabad have been witnessing massive power cuts which has in turn dazed the confidence of residents in the state government. Despite the claims made by the power corporation that the problem is being solved, there has been outages for several hours in the [...] Continue Reading »
The festive season fails to cheer builders of Mangalore. Karnataka State Pollution Control Board (KSPCB) have sent closure notices on crusher units in the state following a Supreme Court directive. As a result, construction and development activities have come to a halt. Of the 3,700 crusher units units across Karnataka, 200 units are in the [...] Continue Reading »
The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity engaged in the development and management of commercial and office space. It has been dubbed as [...] Continue Reading »
The Delhi government is to carry out surveys in 895 unauthorised colonies which were regularised last month. The surveys will be carried out to find out the basic infrastructural requirement of the colonies. According to sources, public agencies like PWD and DSIIDC will carry out the surveys following which developmental works will be started in [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
Delhi buildings are all set to get more floor area. After Union development minister Kamal Nath declared that development of Delhi would go vertical, the mid-term review of the Master Plan 2021 seems to have put a step forward to realise the vision. Delhi Development Authority (DDA) has invited objections and suggestions for the first [...] Continue Reading »
Residents of Vijaya Bank Colony near Bannerghatta Road had to face trouble as Over 150 homes in the colony were flooded with lake water mixed with sewage water recently. The unfortunate incident, which left residents having to clean sewage mixed water from their homes and to put up with the stench, was caused due to [...] Continue Reading »
