Apartment News
The auditor general (AG) of Pune government has said that the Pune Municipal Corporation (PMC) has failed to collect proper stamp duty from various builders of the city. In their audit report of the slum rehabilitation housing projects in Pune it id found that payment of stamp duty and royalty charges from the contractors had [...] Continue Reading »
The Corporation of Chennai is trying to complete the storm water drain works. But the progress of the work is hampered by the unauthorized sewage lines running out of huge apartment complexes in Chennai. According to the corporation, 25 percent of the construction work has been completed. The corporation is optimistic about 80 percent work [...] Continue Reading »
Patel Engineering Ltd has planned to invest Rs 2,025 crore in development work and in integrated township project in Bangalore. The entire proposed project will be coming up in Electronics City in Bangalore. On the Global Investors Meet (GIM) in Bangalore, the company signed a memorandum of understanding (MoU) with the government of Karnataka that [...] Continue Reading »
It is known that thereal estate projects in India are being held up in several metro cities. There are several reasons behind this delay on project completion. It is noticed that projects approvals are very slow in several states. The primary and major reason in project delay is delay in getting regulatory approvals. Investor activity [...] Continue Reading »
People living in apartments in metro cities now prefer to stay in a home with little greenery around. To honor the choice of the residents many new Age developers like Ireo, Tata Housing, Lodha Group, Puri Constructions, Sobha Developers, Ashiana Housing, DB Realty, and 3C Company are now laying special emphasis on spacious and lush [...] Continue Reading »
People often sell their house for several issues. They might be inadequacy of space, increase in cost of the plot and securing a handsome price in case of sale of the old house, or they are tied up with builders to build multi storey apartments on their plots and giving them possession of one floor [...] Continue Reading »
The Legislative Assembly of Andhra Pradesh had passed the Act for regulating promotion of construction and sale of apartments in multi-storied buildings in Hyderabad and other areas of the state on ownership basis. This regulation will provide transferability and heritability by the individual purchaser of not only the apartment concerned but also the fractional interest [...] Continue Reading »
It is reported that more than half of Mumbai’s luxury apartments, both developed and under construction, remain unsold. It is found that more than 3300 luxury apartments were developed in Mumbai and priced in a range of Rs 10 crore to 100 crore. The regulatory uncertainty, surging prices and supply glut had prompted the super-rich [...] Continue Reading »
Today, the real estate sector is the most consumptive industry as it uses up a lot of money, energy and resources during the process of construction and throughout the building’s lifetime. With an average life time of 30 to 50 years, a building can contribute to huge economic and environmental losses if not designed carefully. [...] Continue Reading »
The Tamil Nadu Housing Board (TNHB) has planned to adopt Public Private Partnership (PPP) model to develop real estate projects in Chennai and other areas of the state. In the first step, the state government will start its first PPP venture at K.K. Nagar after finalizing bids from private developers. The government also planned to [...] Continue Reading »
