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The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
The construction of a 61-storey structure under the Slum Rehabilitation Authority (SRA) scheme has stopped. The construction was started on Eastern slopes of Cumballa Hill by Halkara Builders Pvt Ltd. The builder has stopped the construction of the apartments as the land is slide prone. There is another apartment which stands above the slopes on [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) had conducted MHADA lottery in 2010 to sell its flats, but the lottery winners haven’t got their flats yet. It was the third time MHADA conducted the lottery scheme in order to allot flats in Mankhurd-Mandale belt. Since then, around 3000 lottery winners are still waiting to shift [...] Continue Reading »
A three storey building in Indore behind Malhar Mega mall has collapsed on Monday Night. The building was recently constructed and had no occupant as the finishing work was going on. The incident happened due to the construction work of 18 feet deep pit, at an adjacent plot. This digging was going on for last 29 [...] Continue Reading »
The Khadki Cantonment Board (KCB) has said that proper construction materials were not used in the construction of their Khadki bazar staff apartments in Pune. During an inspection by the KCB officials it is found that there were major irregularities in the second phase of construction in the cantonment area. The builder has violated the [...] Continue Reading »
The state government of Karnataka has approved the implementation of the Urban Property Ownership Record (UPOR) program in Bangalore. With this initiation, the government is expecting to control the fraudulent activities related to property transactions. According to the records, there are 16 lakh assessed properties, while the officials are expecting another 4 to 5 lakh [...] Continue Reading »
The Bangalore Development Authority has changed the rules for allotment of affordable apartments in Bangalore for the economically weaker section (EWS). BDA recently took up the residential apartment project for constructing 30,000 flats in 17 different places in Bangalore. According to the new rule ‘only people residing in BBMP’’s jurisdiction for not less than 10 [...] Continue Reading »
One of the most demanding destination for residential properties in Bangalore is Koramangala. It is quite surprising to know that 25 to 30 years earlier the place was not considered as a great place to live in. The scenario changed after the constructions of Raheja Arcade by Raheja Developers and the construction of Forum mall [...] Continue Reading »
The cost of new real estate projects in Mumbai are increasing sharply. But the cost of properties for resale have not increased since 2010. According to a real estate research firm, the developers are artificially raising the cost of the new launched properties. According to a report by the registration department in Mumbai, there has [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has planned for a joint venture with private developers to construct residential apartments in Mumbai. MHADA took this decision, as the cost of the properties are rising beyond the reach of the common man and there is a huge difference between demand and supply of residential apartments in [...] Continue Reading »
