Realty News
Many global retail business men have opted to come to India by opening a store in the NCR region or in Mumbai prior expanding it to other cities, as suggested by a study. The top four destinations that are being preferred by the retailers are Delhi, Mumbai, Bangalore and Hyderabad. The study has been done [...] Continue Reading »
The Knight Frank Wealth Report that released on Monday stated that the number of high net worth individuals (HNWIs) in India is being expected to become more than double over the upcoming decade rising by 126 percent. The report also stated that increasingly all these HNWIs would like to look for investing in homes abroad. [...] Continue Reading »
The ultra luxury housing market has refused the broader slowdown in the economy with the prices all across the prime areas in Delhi, Mumbai, Kolkata, Chennai and Bangalore which have been rising over in the last three years. The data of the resale and secondary market prices along the 21 key areas in five major [...] Continue Reading »
Supertech, the Noida authority and a group of buyers had filed a petition challenging the Allahabad high court’s order to demolish the twin towers of Supertech’s Emerald Court. The Supreme Court (SC) will hear the Supertech Emerald Court case which involves Noida’s upscale Sector 93A for flouting building norms. To challenge the Allahabad high court’s [...] Continue Reading »
The realty market is picking up after the change of the government in the center and that is evident in the financial balance sheet of HDFC Ltd. The Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 1,344.66 crore, up by 14.62 % year-on-year (Y-O-Y), for the quarter ending June 30, [...] Continue Reading »
A formal proposal has been submitted to the state government to bring all the roads within the limits of Mumbai under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC). Sitaram Kunte the BMC Municipal Commissioner stated that his team has submitted the report to the government. It is under the purview of the government now. They [...] Continue Reading »
Lieutenant governor Najeeb Jung recently asked the government agencies to show causes for the inordinately long delays in completing infrastructure projects. In response the public works department prepared a detailed report on two important hospital projects, one delayed by 15 years and the other by 10. This report shows how projects get stuck at various [...] Continue Reading »
The public works department has urged the government to secure bungalows in stately Lutyens Delhi, including the one housing the prime minister. The department’s report mentioned that they may not be able to withstand an earthquake. And since very important people reside in the bungalows, the government needs to take immediate actions. Most of the [...] Continue Reading »
A proposal to reduce the population norm for financing metro rail projects is under consideration for the urban development ministry. Currently, the Centre finances Metro projects in towns and cities with a population of more than 20 lakh. The urban development minister M Venkaiah Naidu stated that the government is considering reducing the population criteria to [...] Continue Reading »
Much-needed environmental balance to the city of Delhi is required as the rapid urbanisation has reduced the green spaces and has disturbed the ecological balance. Since the cities are being converted into concrete jungles, the Greater Noida authority has decided to develop 800 hectares of forest land into a ‘green lung’. This move was welcomed [...] Continue Reading »
