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Ahmedabad realty bags 50,000 new residences

Ahmedabad realty bags 50,000 new residences
Even though the realty sector of India is witnessing a slowdown, Ahmedabad real estate seems to bag 50,000 new residential units in the mid-segment category in next two years. Commercial space absorption rate has outdone the pre-recession levels in the city. This market overview of Ahmedabad was released by one of the leading real estate [...] Continue Reading »

New shopping streets take over old ones in Ahmedabad

New shopping streets take over old ones in Ahmedabad
A real estate consultancy report highlights that while commercial rentals in one-time high streets like SG Highway and CG Road in Ahmedabad saw a marginal increase of 4 to 6 per cent, for Prahaladnagar and Law Garden it jumped to over 20 per cent on year-to-year basis. The focus seems to be moving away from [...] Continue Reading »

Old buildings pave way for new flats in Delhi

Old buildings pave way for new flats in Delhi
The old constructions at Talkatora Road and North and South Avenue will be demolished by Central Public Works Department (CPWD), in order to make space for modern apartment complexes. A bungalow at Talkatora Road will get replaced by a seven-storeyed apartment complex housing 14 flats and a multi-purpose hall on the ground floor. These flats [...] Continue Reading »

AP govt plans to revise land values

AP govt plans to revise land values
Even though the real estate sector has not been doing very well, the Andhra Pradesh government is planning to revise the market values of agricultural and urban lands from August 1. The move is taken to increase the revenue to the department of Registration and Stamps by raising the registration fee and stamp duty, which will [...] Continue Reading »

PCMC to table report on housing project for poor

PCMC to table report on housing project for poor
Chief Minister Prithviraj Chavan has asked the Pimpri-Chinchwad Municipal Corporation (PCMC), at a discussion in the Assembly on Monday, to provide a report in connection with the increase in cost in construction of low-cost flats for poor. The cost of flats being constructed in different parts of the city had been generating a lot of [...] Continue Reading »

BBMP plans to take up more housing projects for EWS

BBMP plans to take up more housing projects for EWS
The commissioner of Bruhat Bangalore Mahanagara Palike (BBMP), MK Shankarlinge Gowda, announced on Tuesday, that the authority is looking for more partnerships with realty developers in building houses for economically weaker sections (EWS) in the city. During the interaction of BBMP with Confederation of Real Estate Developers’ Association of India (CREDAI), Adarsh Developers M.D, BM [...] Continue Reading »

NCP permits Daund residents to use water from Pune

NCP permits Daund residents to use water from Pune
The Nationalist Congress Party (NCP) permitted the release of 0.5 thousand million cubic (TMC) ft of water to the thirsty Daund taluka despite opposition from all major parties in Pune. Residents of Daund taluka have the right to get water from Khadakwasla, Panshet and Varasgaon dams as 80 per cent of the dam project-affected were [...] Continue Reading »

Gurgaon residents worried over groundwater depletion

Gurgaon residents worried over groundwater depletion
The Punjab and Haryana high court on Monday stopped issuing new licenses to developers in Gurgaon, because of the depleting groundwater situation, which has come as a relief to the residents in the area as they have been facing severe water crisis. Most of the Gurgaon is dependent on groundwater and more than 60 MGD [...] Continue Reading »

Row over dumping waste in Mavallipura

Row over dumping waste in Mavallipura
Bruhat Bengaluru Mahanagara Palike (BBMP) is facing residents’ agitation against the garbage disposal in the Mavallipura locality and wants Palike to shut down the garbage dump yard in the area. The villagers staged protest and prevented garbage dumping into the landfill. Mayor D. Venkatesh Murthy has agreed to visit Mavallipura on Thursday. Health risk is [...] Continue Reading »

HC criticises BBMP over reconstruction of EWS flats

HC criticises BBMP over reconstruction of EWS flats
The Karnataka High Court on Tuesday directed the Commissioner of the Bruhat Bangalore Mahanagara Palike (BBMP) to file an affidavit on the plan of action relating to reconstruction of 1,640 flats for the eligible persons from economically weaker sections (EWS) at Ejipura. The BBMP had constructed 1,512 flats spread over 42 blocks and allotted them [...] Continue Reading »



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