Apartment News
The government has planned to frame new affordable housing policy to boost up the weakening real estate sector in India. In an announcement by the Union Ministry of Housing and Urban Poverty Alleviation, it is confirmed that that the government is in the process of finalizing such a policy in two months. The government is [...] Continue Reading »
The real estate market in southern India has been growing rapidly. A global real estate research firm has reported that the growth of the real estate in India has witnessed the sharp rising due to multiple factors. The south Indian real estate market has done well in meeting the demand for office spaces and affordable [...] Continue Reading »
Kundanhalli Lake is surrounded by multi-storied buildings and apartments in Bangalore. The Lake bund is completely covered by the concrete jungle. According to the Supreme Court’s direction, it is illegal to construct any property within 30 meters from any lake bund. This rule is being violated by the builders and developers in Bangalore as many [...] Continue Reading »
Godrej Properties has planned to concentrate on building residential projects in India. According to an official of the company, the demand will grow in near future. The company has launched 9 residential projects out of 10 property deal in the last financial year. The managing director and chief executive of Godrej Properties have said that [...] Continue Reading »
As there is no regulator in the real estate industry, the home buyers suffers a lot by the delay in project. Often builders refuses to listen to the buyers for the delay in Projects in India. To overcome the scenario, a regulatory bill is essential to enhance transparency in the real estate industry and promote [...] Continue Reading »
According to a global real estate consultancy firm, the sales of residential properties have increased in the first quarter of 2012 in NCR region of Delhi. According to the report, Delhi’s residential market might see some appreciation in capital value. Once the projects get approval from the National Capital Region Planning Board (NCRPB), projects in [...] Continue Reading »
Though the Bruhat Bangalore Mahanagara Palike (BBMP) claims that they are prepared for the rainy season, the civic life of the city is always troubled during the monsoon. Every time it rains, the low-lying areas are flooded. The experts of civic issues have said that this happens as most of the primary and secondary storm-water [...] Continue Reading »
The Allahabad High Court has ordered the builders to pay more compensation for landowners in the areas of Noida Extension. The court ruled out to stop acquisition of lands in the area against a review petition filed by the Greater Noida Authority against the termination of land acquisition in Chaksahberi, Asadullapur and Devla villages. The [...] Continue Reading »
As the state government of Maharashtra has proposed a hike in the stamp duty of the property transaction, the buyers of the residential and non-residential properties in Mumbai will have to pay a five per cent stamp duty on the market value of the property. Earlier, the stamp duty in Mumbai was charged at Rs [...] Continue Reading »
The Tamil Nadu government has planned to construct 2104 green houses in Krishnagiri district. These apartments in Chennai and other areas will be constructed under the Chief Minister’s Solar-powered Green House Scheme. The minister has also confirmed that all the construction will be completed by July 30th. The total cost of the construction will be [...] Continue Reading »
