Cities
In a June 15 statement, Public Works Department (PWD)’s principal secretary Arun Baroka said that green signal has been given for the extension of the Barapullah elevated corridor to Mayur Vihar – the new bridge over Yamuna which is being constructed to connect Sarai Kale Khan to East Delhi. Revealing that all the necessary approvals [...] Continue Reading »
Pune is known for its dynamic realty market which attracts people from various economical brackets to invest. The real estate sector has been experiencing good stability from quite a long time. But with increasing demands for property in Pune, the prices are rising in most areas within the city. So now the focus is shifting [...] Continue Reading »
The real estate firm, Jaypee Infratech went to the Supreme Court asking for the Noida Authority to pass the completion certificates for all its projects that are within a 10 km radius from the Okhla bird sanctuary. The buyers of around 4,000 flats that come under this area are waiting for the handover. But without [...] Continue Reading »
With the country seeing an economic downturn which led to a decline in the absorption of office space, KPMG, the global professional services firm, announced its plan to lease more than 7 lakh sq-ft office space in Bengaluru. If this happens, this transaction could be the year’s largest absorption of office space this country has [...] Continue Reading »
Faridabad, which started off an industrial town, has presently become an end-user/buyer market; emerging as the most affordable real estate market in the NCR region. While most of the employment opportunities in Faridabad previously emerged from the town’s industrial sector, there has, in recent years, been a gradual shift in the trend; resulting in the [...] Continue Reading »
New York-based Morgan Stanley reportedly has plans underway to give up some of the offices space which the company leases in Mumbai, after disposing off its wealth in India and domestic fund management business. According to the information shared by unidentified sources on the condition on anonymity, one entire floor in Tower 2 of One [...] Continue Reading »
Metro developer and operator Reliance Infrastructure Ltd (RIL) said in the Bombay High Court last week that Metro fare between Rs 10 and Rs 40 was “legally justified, in public interest and reasonable.” Referring to the Metro Railway (Operation and Maintenance) Act of 2002, RIL – which is part of the Anil Ambani group – [...] Continue Reading »
With regard to the issue involving the eviction of residents of the Campa Cola society, the Maharashtra government will apparently turn to the Attorney General of India for legal opinion. The legal opinion which the Maharashtra government will probably seek from the Attorney General will largely pertain to the manner and extent of the government’s intervention into [...] Continue Reading »
An extension of the Versova-Andheri-Ghatkopar Metro line in Mumbai is apparently on the cards. The mentioned Metro line will likely be extended to form a fourth route through its extension to Wadala and Thane. As a result of the extension of the Metro line, Teen Haat Naka and Kasarwadavli will be the main Metro destinations [...] Continue Reading »
In a recent report, the Brihanmumbai Municipal Corporation (BMC) has revealed that civic authorities may demolish parts for a new 21-stoery residential tower in Parel, Mumbai. The demolition of parts of the tower – built by realty developer Isa Enterprises – is seemingly imminent because of certain violations in construction. According to the demolition-related details [...] Continue Reading »
