Realty News
While the NSSo’s latest report shows that most Indians now live in pucca houses and have electricity connection, it also paints a bleak picture of sanitation and hygiene conditions in the rural areas. Nearly two-third of dwelling units in villages lack a bathroom and less than half have drinking water facility on the premise. The [...] Continue Reading »
After the new government taking charge at the Centre and the investor-friendly announcements in its first budget, global investors have got interested in the Indian real estate market once again. Tod Lickerman, global chief executive officer of property consultancy DTZ, has said that there are a lot of people who have started talking about and [...] Continue Reading »
Engineering major Larsen & Toubro today said it has bagged contracts worth Rs1,832 crore from various business segments since July. The company’s construction arm L&T Construction has won new orders worth Rs1,832 crore from across various business segments in July and August as according to a release issued here said. The company has bagged Rs1,008-crore [...] Continue Reading »
With the September deadline approaching, the Lucknow Metro Rail Corporation (LMRC) is leaving no stone unturned to begin the metro project on time. LMRC’s principal advisor E Sreedharan said local authorities have already been asked to take prior consent from LMRC before issuing NOC of any kind for construction on the 8-km priority section of [...] Continue Reading »
The proposed Tata Camelot high-rise township project in Mohali district near Chandigarh’s Sukhna Lakecould not be justified citing the existing illegal constructions in the vicinity, PIL petitioners pleaded with the Delhi High Court today. Two wrongs will not make a right as said by the senior counsel PS Patwalia contended before a Bench comprising Chief [...] Continue Reading »
Kolkata Municipal Corporation (KMC) is bent on amending its building rules to regularize minor deviations by the middle class. The civic body plans to amend its rules in case of violations like additional constructions or renovations to the houses. The move comes in spite of a Calcutta high court order restricting KMC from legalizing unauthorized [...] Continue Reading »
Navin Housing & Properties, a Chennai-based real estate developer, has announced the launch of its new project Navin’s Septem. Located at Indira Nagar, one of the tony neighbourhoods in Adyar, this residential project will offer 56 units of two BHK condominiums that range in size between 929 sq ft and 942 sq ft. The project [...] Continue Reading »
The Noida and Greater Noida authorities have come to decision that they will be buying land directly from farmers for any planned development, including group housing projects. While this will provide help to the farmers get a higher rate of compensation and faster cut down litigation that has slowed down the real estate sector, it [...] Continue Reading »
In order to improve the economy, IT services firm Tata Consultancy Services is leasing 920,000 square feet of office space in the national capital region -about 420,000 sq ft in a Noida building owned by IDFC it had bought from DLF a few years ago, and about 500,000 sq ft in Gurgaon from international builder [...] Continue Reading »
The Haryana Cabinet today had decided to allow mixed land use of industrial plots and sheds in industrial estates in existence in the state as on the 1st of November 1966, the day the state came into existence. Industrial estates to be additionally covered under this are those of Hisar, Gurgaon, Ambala City, Barwala (Hisar), [...] Continue Reading »
