Cities
With controversy surrounding the allotment of flats in economically weaker sections (EWS) and low-income group (LIG) categories by the Ghaziabad Development Authority (GDA), the officials of the authority have revealed that a fresh lottery will be conducted to allot the flats. The move implies that the Ghaziabad Development Authority (GDA) does not plan to carry [...] Continue Reading »
In an FIR lodged on Tuesday in connection with the Greater Noida land scam, 18 people have been named for allegedly fudging land and land compensation records to carry out the Rs 350-crore scam. The people who have been named in the FIR include 10 officials of the land consolidation department, including the deputy director, [...] Continue Reading »
On Tuesday, Nitin Gadkari – Union Minister for Road Transport and Highways – said in an announcement that Rs 4,000-crore funding will be earmarked for the Delhi Ring Road. The announcement made by Gadkari came during the course of his speech at the orientation session of BJP councillors in the three corporations. Other than announcing [...] Continue Reading »
It seems that the safety of the buildings is overlooked in the process before handing over the completion certificate or for the old buildings which are in need of maintenance. Two buildings collapsed – one in Delhi’s Inderlok area and the other near Chennai – taking a toll of over 60 lives last week. Poor [...] Continue Reading »
Greater Noida Industrial Development Authority (GNIDA) officials have revealed that, on Monday, a total of 26 builders qualified in the financial bids for 9 of the 11 group housing plots which are on offer in Greater Noida. With the bids for the group housing plots having been sought by the GNIDA in an attempt to [...] Continue Reading »
Infrastructure Development Finance Corporation (IDFC)’s private equity arm – IDFC Alternatives Ltd – is apparently looking to sell two of its IT parks for Rs 1,100 crore. According to the details shared by two anonymous sources aware of the proceedings, the IT parks which IDFC Alternatives Ltd is looking to sell are two of the [...] Continue Reading »
The housing prices have fluctuated a lot in the country in the last decade. The Economic Survey which quoted the residential index (RESIDEX) prepared by the National Housing Bank for 26 major cities have come up with some interesting data. Housing prices have increased in 24 major cities of the country between 2007 and 2013. [...] Continue Reading »
Unfortunately, every major scam in the country during the past few years has a real estate component. May be because the investments are high and the regulations are poor to stop such scams in the real estate sector. Adarsh happened because retired Army men and babus could not muster the will to give away a building in tony [...] Continue Reading »
With regard to the proposed demolition of 96 flats constructed illegally in the Campa Cola compound in Mumbai, the Brihanmumbai Municipal Corporation (BMC) told the Supreme Court on Monday that an out-of-court settlement of the dispute was “not possible.” In response to the query by a bench led by Justice S J Mukhopadhaya about the [...] Continue Reading »
In what marks the latest development in the multi-crore land scam in Greater Noida, seven more officials were suspended by the Uttar Pradesh government on Monday. The suspension of seven officials is linked to the Rs 350-crore scam in which land records were distorted in villages in the Yamuna Expressway vicinity, in an alleged attempt [...] Continue Reading »
