Realty News
The Delhi Development Authority’s (DDA) engineers will launch a protest against the decision to close 18 of its construction divisions. The move to shut divisions is in line with DDA’s restructure plan. More than about 250 engineers would be either shifted or asked to take voluntary retirement. The decision was taken after comparing workloads of [...] Continue Reading »
The Delhi Development Authority (DDA) has decided to slash its registration fee by Rs 50,000 for its new housing scheme expected to kick-off by the end of this month. For its 2010 housing scheme, the DDA had charged Rs 1.5 lakh as the registration fee but this time it has decided to cut the charge [...] Continue Reading »
The Realty player Poddar Developers today reported over three-fold jump in the consolidated net profit for the April-June quarter at Rs 10.20 crore mainly on the back of improved sales. It had reported a net profit of Rs 2.94 crore in the corresponding quarter last fiscal, a release issued here said. The Mumbai-based firm sales [...] Continue Reading »
The Delhi Development Authority (DDA) has made plans to maintain its flats for 30 years after allotment has come under flak from the umbrella body of the city’s apartment owners associations. The DDA had decided that it would take care of the maintenance of its flats for 30 years that are allotted as part of [...] Continue Reading »
In a move which will give a massive push to stalled highway projects worth Rs. 50,000 crore, the Union Government has reached a decision on Tuesday with regard to giving forest and mining clearances for road projects. According to the details shared by Government officials, the move will benefit a number of big ticket road projects. Some [...] Continue Reading »
The Union Government apparently has efforts underway to invite bids for building smart cities in Gujarat, Madhya Pradesh and Greater Noida regions, within the current financial year. The regions for which the Govt is readying to invite bids for development of smart cities include Dholera investment region in Gujarat; Vikram Udyogpuri in Madhya Pradesh, along the Delhi-Mumbai Industrial [...] Continue Reading »
In its recently issued final guidelines for Real Estate Investment Trusts (REITs), the Securities and Exchange Board of India (Sebi) has pegged the minimum investment in REITs at Rs 2 lakh. The new guidelines imply that an investor with an amount of Rs 2 lakh to invest in the REITs will now be able to [...] Continue Reading »
The Rs 2,494-crore project to extend the Delhi Metro from Badarpur to YMCA Chowk in Faridabad has been delayed and services are now expected to begin in May 2015. A delegation of the Confederation of Resident Welfare Associations recently met Delhi Metro Rail Corporation (DMRC) managing director Mangu Singh to seek adequate feeder and link [...] Continue Reading »
With the Rs 428-crore Santacruz-Chembur Link Road having failed to provide the kind of smooth connectivity between the eastern and western suburbs as was envisaged, the city’s development authority is now considering additional construction to remove the bottlenecks. The Mumbai Metropolitan Region Development Authority (MMRDA) is considering constructing either a flyover or an underpass on [...] Continue Reading »
Aiming to solve the problem of regularisation of unauthorised colonies in the national capital city, the Centre will prepare a draft policy on it in the next 15 days. A concept paper will be prepared within 15 days after which Delhi government, in consultation with the Union Urban Development Ministry, would prepare an action plan [...] Continue Reading »
