Cities
Taking a good initiative, Confederation of Real Estate and Developers’ Associations of India (CREDAI) has come forward to contribute its support to Mangalore City Corporation (MCC) against malaria. CREDAI has agreed to provide vehicles fitted with GPS. Each vehicle with six personnel will visit construction sites and monitor it for conditions that allow mosquito larvae [...] Continue Reading »
The garbage disposal issue seems to have irked the residents of Bangalore as well as the court. The high court has issued notices to the state government, Bruhat Bengaluru Mahanagara Palike (BBMP), Bangalore Development Authority (BDA) and Karnataka Slum Clearance Board (KSCB) in a public interest petition related to the garbage disposal system in the [...] Continue Reading »
The BrihanMumbai Municipal Corporation (BMC) has decided to launch a project to increase and improve open spaces in the city. The BMC has allocated Rs. 1 crore in the civic budget for 2012-13 for consultation to carry out the Mumbai’s Open Space project. The main objective is to add open spaces to the city. The [...] Continue Reading »
To check the depleting groundwater level, the Haryana Urban Development Authority (Huda) has come up with a plan to constitute a special committee. The committee is to be headed by two superintending engineers (SEs) who will visit houses in Gurgaon to check defunct water harvesting pits. As per norms, to obtain a completion certificate from [...] Continue Reading »
Many real estate projects in Mumbai‘s western suburbs have been halted in recent times due to the sluggish demand and new Development Control Rules (DCR). Brihanmumbai Municipal Corporation (BMC) recently came up with a list of delayed projects in Mumbai and the western suburbs accounted for 202 of the 326 stalled projects in the city. [...] Continue Reading »
The investors who booked flats in different projects of Mayfield Gardens in Gurgaon are stuck in a terrible situation as their investments are not just stuck in bad deals, but the hope of recovering their investment is also fraught with numerous problems. The Town and Country Planning Department (TCPD) had cancelled the licenses of the [...] Continue Reading »
The high profile case between industrialist Nusli Wadia and real-estate developer Gopal Raheja about challenging the management rights over 460-acre land in Malad, drags on. The court has now asked Ferani Hotels, owned by Raheja, to file their affidavit supporting its claims by August 22. The court has asked Nusli Neville Wadia to submit his [...] Continue Reading »
The steady pricing that Bangalore real estate has maintained so far has been good news for the buyers. But things are expected to change as the Bangalore real estate market is expected to shoot up from the next quarter. The main pushing factors are increase in cement and steel prices in the last couple of [...] Continue Reading »
According to property consultancy firm Jones Lang LaSalle India (JLL), consolidated absorption of office space in the past six quarters has caused appreciation of rental growth across the country. Majority of gross rental appreciation during the period from Q4, 2010 to Q1, 2012 was witnessed in tier-I cities including Bangalore, Mumbai, Delhi and Gurgaon. Chennai, [...] Continue Reading »
The Bahrut Bangalore Municipal Corporation (BBMP) is to soon generate 8 MW of power from solid waste, said M K Shankarlingegowda BBMP commissioner. This comes along with Mysore City Corporation’s (MCC) plans to convert solid waste to generate power. According to M K Shankarlingegowda, Bangalore’s plant will be the first in India and he said that he [...] Continue Reading »
