Apartment News
The Krishna District Building Workers Union and Center of Indian Trade Unions have launched a 48-hour hunger strike demanding the State government to take necessary steps to ease the sand scarcity. The building workers vowed to protest near Sub Collector’s office until the government heeded to their demands. The workers union is protesting against various [...] Continue Reading »
Panchshil Realty has bought back its stake in three projects from Merrill Lynch and IREO for over Rs 720 Crore. Panchshil realty has acquired 50% stake from IREO Real Estate in two projects – EON SEZ at Kharadi and a high-end residential project at Hadapsar for R480Cr. The third buy back was done in the [...] Continue Reading »
Prestige Group has launched its new project Prestige Summer Fields in Bangalore. The project is composed of independent villas. Prestige Summer Fields located at Sarjapura Road. The project is spread over 12 acres of lush green land. 91 twin houses and independent villas will be constructed under the project. The project will provide ample carpet [...] Continue Reading »
Prestige construction is a well-known brand name in the market of real estate in India. So far the builder has constructed over 161 projects covering more than 45.82 million sq ft area. The group has constructed real estate properties in all segments residential, commercial, retail, hospitality. The company has been awarded with ‘Crisil DA1′ rating [...] Continue Reading »
The Uttar Pradesh Power Corporation Limited has disconnected the power supply of nearly 12 apartments in Lucknow. According to Lucknow development authority, those apartments had not got their plans sanctioned and they are illegally constructed. These apartments are in posh residential colonies like Mahanagar and Chinhat without any kind of approval from the development authority. [...] Continue Reading »
When several real estate developers in India have refused to abide by the code of conduct lay down by CREDAI, the builders association has expelled those developers, while some have resigned discontinuing their involvement with the organization. The builders have refused to sign the association’s code of conduct as they are not convinced by the [...] Continue Reading »
Real estate developer Ansal Properties & Infrastructure has planned to expand its two big townships in Lucknow and Greater Noida by a total of about 4,000 acres. The builder has already applied for approval to expand its township. The company is currently developing a 3,500-acre township Sushant Golf City at Lucknow, while the Megapolis Township [...] Continue Reading »
The capital value-based regime and contending new property tax rule of Mumbai goes to High Court for proper justice. In a petition the applicant has said to the court that the present tax hike for the properties in Mumbai is unequal and is injustice to certain property-owners in the city. Under the new tax regime, [...] Continue Reading »
As the builders are claiming that the delays in project clearances are raising the cost of projects, the Chennai Metropolitan Development Authority has planned to introduce an automated system to scrutinize building plans. Scrutinizing building plan takes 3 to 5 days when done manually. While computers will run through the soft copy of the plans [...] Continue Reading »
The Greater Hyderabad Municipal Corporation has planned to introduce online application and approval system for building application. With this movement the building permission approvals will just be a click away. An IT firm is providing the software where scrutinizing and approval of building plans will be provided online. Several civic bodies of Mumbai, Pune, Thane, [...] Continue Reading »
