Realty News
There is a positive activity in the commercial real estate and plush office spaces are selling like hot cakes among the corporates who are planning expansion in their workforce and businesses in India. However the story in the retail and consumer durables sector does not seem to be the same. Overall mall vacancy levels across [...] Continue Reading »
For the last 2 years, the festive season did not see a surge in demand in the residential real estate sector. However this year there is some cheer in this field and the property consultants are speculating that the property discounts will get real this festival season, after a gap of about two years. Mobile phones [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI), Tamil Nadu is working on the development of standard operating procedures (SOPs). These SOPs will be circulated among all its members to be adhered to in their construction work. This information was provided by Rajesh B Lund the President of CREDAI, Coimbatore. There was a [...] Continue Reading »
The land act has been in muddy waters ever since it was passed by the erstwhile UPA government. The Centre led by the NDA government is likely to set up a specialized agency to chart the resettlement and rehabilitation plan for families displaced by land acquisition. The agency, tentatively called the `R&R Board’, will take [...] Continue Reading »
BJP today demanded a CBI (Central Bureau of Investigation)probe into the allotment of land and houses. This was a big jolt to the Odisha Chief Minister Naveen Patnaik as BJP criticised the C.M for the alleged cover up bid in the land scam. Role of the political leaders had now surfaced during the inquiry into the chit [...] Continue Reading »
Narendra Modi government’s ambitious plan of ‘Housing for All by 2022′ may be named after SardarVallabhbhai Patel. This choice was made keeping in mind the secular and strong image of the late ironman of India. Rajiv AwasYojna (RAY), named after the late former PM, will also get subsumed as all the existing housing schemes by [...] Continue Reading »
The real estate sector which was reeling under the pressure of cash crunch in the last few years has come up with many financial instruments to raise funds. The real estate firms that, otherwise, might not have attracted a strong rating, have managed to pick up around Rs 1,240 crore at a lower cost. This [...] Continue Reading »
The real estate developers hope that the move of creating 100 smart cities will help revive the sluggish housing market. Amid the indications that almost all the state capitals may be a part of the Union government’s 100 smart cities’ plan, the real estate developers are hoping that the list will be out soon. Umesh [...] Continue Reading »
Chennai Metro Rail Limited (CMRL) has planned to create multi-level parking lots at a few stations. This came to the wake of the parking worries of the commuters. The good part of the multi-level parking lots is that they do not consume extra ground space and since the levels are stacked one above the other, [...] Continue Reading »
The Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
