Cities
A long delay in the allotment of the houses to the rightful owners in the Jaypee Greens Klassic and Jaypee Greens Kosmos projects forced more than 100 people who have booked the flats in these projects to stage a protest in front of the builder’s office in Noida. They called off the protest only after Jaypee [...] Continue Reading »
In the metropolis auctioned by the West Bengal government, Private power utility CESC has bought 49.16 cottah of Calcutta Tramways Corporation in three land parcels, the first such divestment. The RP-Sanjiv Goenka group-owned company, will pay Rs 27.73 crore for 49.16 cottah spread over three tram depots at Galiff Street (14.95 cottah), Kalighat (12.33 cottah) [...] Continue Reading »
Residents in the state capital have been spared off hike in property rates, particularly the lower income group (LIG) and middle income groups (MIG). Moreover the planned 15% hike in the new collector guideline rates for flats has been withdrawn. In addition, agriculture land rates would be increased in a logical fashion and with proper [...] Continue Reading »
The state will now extend guarantee to the finances for the project, as the cabinet guide the way. 57% loan of the total project cost will be extended by Japanese International Cooperation Agency. A joint body of Central as well as state government has been formed, as special purpose vehicle (SPV), to take the Rs [...] Continue Reading »
The state government has asked for a legal opinion whether a review petition against the recent Supreme Court order of removing the “private forest” tag attached to huge swathes of land across the state, should be filed. The ruling has brought relief to at least five lakh residents and builders linked to hundreds of acres [...] Continue Reading »
Maharashtra government’s decision to extend the cut-off date by five years to January 1, 2000, from the earlier January 1, 1995, may help speed up execution of slum re-development projects but the real estate developers are not completely satisfied and want more. CREDAI chairman, Mr. Lalit Kumar Jain says, “To some extent, this scheme will [...] Continue Reading »
On Monday, The National Green Tribunal directed UP Pollution Control Board (UPPCB) member-secretary and Ghaziabad local authorities to submit a report by March 10, on implementation status of ban orders on construction on the Sahibabad drain and a green belt in Vaishali. On February 5, the tribunal had enforced the ban. Aside from the pollution control [...] Continue Reading »
Niranjan Hiranandani, the real estate tycoon who created the eponymous enclave in Mumbai’s Powai area is fighting with his daughter Priya Vandrevala, a self-confessed rebel, for a property worth at least Rs. 3,000 crore. Hiranandani and his son Darshan last month fired latest round, when they moved to the Bombay High Court to restrain Priya’s company, Hiranandani Living, [...] Continue Reading »
Ramky Infrastructure, the Hyderabad-based infrastructure company is in negotiations with private equity fund Morgan Stanley Infrastructure Partners and the Ajay Piramal group to sell three of its road assets to raise funds and cut debts. The company has plans to raise Rs 900 crore from the sale of assets. These assets that company wants to [...] Continue Reading »
Builders will be registered for redevelopment projects based on their track records, financial strength and project experience judged in various categories before assigning redevelopment projects by The Maharashtra Housing and Area Development Authority (MHADA). The verdict has been made with several redevelopment projects of MHADA colonies being stuck for years due to developers deserting them [...] Continue Reading »
