Cities
According to a report by a real estate analysis firm, the sale and launch of residential properties in Mumbai and its suburbs is still slugging. The rates of apartments are still on the higher side and the potential buyers are deferring their decisions and as an outcome the rental rates in Mumbai have started increasing. [...] Continue Reading »
The urban development department of Nagpur has proposed to reserve 20 percent of private apartments for the low cost affordable housing program. The builders of the city have opposed the proposal saying that it is government’s responsibility to provide affordable accommodation for the economic weaker section (EWS) of the state. The builders also said that [...] Continue Reading »
Vasathi housing is going to construct their second housing project under the affordable housing scheme. The residential project in Hyderabad will be developed at Chintal, which comes close to Balanagar and Kukatpally in the city. Navya, the affordable housing complex will have 190 apartments along with supermarket, polyclinic and pharmacy. The main aim of the [...] Continue Reading »
The Yettinahole water project will be launched by June 20th, as reported by a state government official. This water project will serve the purpose of providing pure drinking water for the residents of Kolar, Chikballapur, Bangalore Rural, Tumkur and Ramangaram districts. The estimated cost of the project is Rs 200 crore and the government has [...] Continue Reading »
The Southern Command authorities will construct 1175 apartments in Pune. The apartments will be constructed for the defense personnel. All the apartments will be constructed over a period of three years. The construction of the apartments will be done on the same land where the post-retirement bungalow was constructed for the president of India. As [...] Continue Reading »
LIC Housing Finance Ltd has planned to invest in the real estate market in Bangalore. For that purpose they have raised Rs 250 crore by a real estate private equity fund. According to a higher official of the equity firm, the amount is mostly raised from the institutional investors like banks and corporates. The equity [...] Continue Reading »
The Municipal Corporation of Nagpur has planned to introduce new modified NOC for the high rising apartments in Nagpur. The updated NOC needs to be collect by the new buildings with a height of over 25 meters. The standing committee will approve the new NOC structure for the fire safety. NOC from the fire safety [...] Continue Reading »
The Supreme Court has upheld the AP high court ban on sand quarrying. However, the contractors of Maharashtra are continuously excavating sand from areas of Nizamabad district. Construction activity of real estate in Mumbai are coming to a grinding halt due to the court’s order, the sand mafias are illegally extracting sand for getting higher [...] Continue Reading »
Smart living is adding competitiveness to the apartments in Bangalore. The developers are constructing more smart homes to attract home buyers for the new upcoming projects in Bangalore. Recently launched project Sobha Habitech by Sobha Developer is a major example of Smart Homes in Bangalore. According to the builders the smart home is the one [...] Continue Reading »
The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
