Cities
The home buyers who have applied for the next year’s draw of lots by the Maharashtra Housing and Area Development Authority (MHADA) may have to wait for two years to get possession of the homes. In the course of its annual lottery, senior MHADA officials announced that they would be releasing a total of 4,272 [...] Continue Reading »
The Coimbatore Municipality has proposed to collect a fixed amount as security deposits from the builders, so that they will not violate the Building Laws. The amount will be refunded back to the individual after the completion of the structure and assessment to ensure whether there are any violations in it from the approved building [...] Continue Reading »
Prestige Estates Projects had launched real estate projects in India roughly about 9.6 million sq ft in 2011-2012, out of which they have sold almost 5 million sq ft with the sales turnover of almost Rs 2,127 crore. The rental income of Prestige Estates as of now stands at about Rs 187 crore and that [...] Continue Reading »
In order to abide by the new development control rules, developers have had to change plans and resubmit them to the BMC. This process will raise the construction cost of the properties in Mumbai. According to different real estate builders of Mumbai, this decision will increase the cost of construction of properties in a range [...] Continue Reading »
The residents of Dwarka have planned to save the life of a dying pond. The residents are living in apartments as well as in nearby Pochanpur Village. They started de-silting the pond with spades after authorities did not listen to their call for giving the pond a shot of life. The pond that looks more [...] Continue Reading »
Sewage is becoming a severe concern for the residents of various homes and apartments in Chennai. Residents of Mogappair West are affected badly as many of their stretches will be inundated with sewage water because of the absence of an underground sewage system. Residents fear that their underground water is becoming contaminated because of the [...] Continue Reading »
The Housing and Urban Poverty Alleviation ministry has drafted the real estate regulatory bill, and planned to introduce it in the budget session that concluded last month. However, following huge numbers of protest, the ministry held a fresh round of consultations with all the states last month to try and get them on board. It [...] Continue Reading »
The Chennai Metropolitan Development Authority (CMDA) has planned to construct a two storied parking facility at Chennai Mofussil Bus Terminus as the present basement parking lot is choked in the wake of increased demand for parking of two wheelers. The proposed parking facility will be an extension of the existing parking facility that comprises two [...] Continue Reading »
In a report by the CRISIL Research, it is reported that there is no scope of reduction of prices for the properties in Mumbai. Though the sale of properties has reduced by 40 percent, a sharp rise in construction and funding costs, in addition to amendments to the Development Control Regulations (DCR), will increase costs [...] Continue Reading »
It is analyzed by a real estate consultant firm that Mumbai has a deeply ingrained work culture. The people of Mumbai always prefer to stay in a place which is closer to their work place. As many companies are expanding their process in the suburbs, new commercial and residential projects are coming up rapidly in [...] Continue Reading »
