Realty News
During the course of a speech at a programme held in West Midnapore district, West Bengal Chief Minister Mamata Banerjee reiterated, yet again, that the government will not resort to forceful acquisition of land for industrialization. Asserting that the West Bengal government is “against forceful acquisition of land,” Banerjee said that land for industrial projects in West Midnapore district [...] Continue Reading »
New properties are set to be launched by bigwig hoteliers in Metros as well as Tier 2 cities across India, in an evident attempt to reap financial gains form the next big wave of growth projected in the hospitality sector in the near future. Currently, out of the nearly 1 lakh branded hotel rooms in [...] Continue Reading »
In a statement released on Tuesday, National Buildings Construction Corporation Ltd (NBCC) has revealed that a centre for innovation and research and development (R&D) has been set up by the organization in New Delhi. According to the information shared by NBCC’s Chairman and Managing Director Anoop Kumar Mittal, the exclusive focus of the new innovation [...] Continue Reading »
The Union Government has asked the government of the newly-formed Telangana state to refrain from meddling with the design of the Hyderabad Metro Rail project. The Union Government’s advice to Telangana government comes against the backdrop of concerns raised by infrastructure firm L&T, which is executing the over Rs 16,000-crore project. In an announcement made [...] Continue Reading »
Rajasthan Chief Minister Vasundhara Raje said during her Budget speech in the House on Monday that the much-touted Jaipur Metro rail project was “financially unwise decision.” She also resented that her government will have to run the Metro. The remarks by Raje have come nearly a month ahead of the scheduled opening of the first [...] Continue Reading »
The Punjab Cooperative Department’s 2013 decision to suspend a group housing society, which proposed to develop a residential complex in Mullanpur near Chandigarh, continues to spell uncertainty for the more than 270 members who had planned to build their houses at the complex. With regard to the suspension of the society in January last year, the [...] Continue Reading »
On Tuesday, the Haryana government debated on a proposal to increase licence fee for housing projects. The proposal is to hike the licence fee by 100 percent for group housing projects; with the additional amount raised from developers to be eventually passed on to the buyers. Under the proposal, the ‘per acre’ licence fee for [...] Continue Reading »
In a move which marks the first major allotment drive in the IMT Manesar area in the last nearly one decade, Haryana’s Industry authority HSIIDC has recently disclosed its plans to lease out new industrial and institutional plots in IMT Manesar during the ongoing financial quarter. The sites which will be allotted in IMT Manesar [...] Continue Reading »
In Mumbai, owners of premium apartments in the south, central and western suburbs are finding it increasingly difficult to rent out their apartments because there are not many takers for these dwelling units. The demand for plush rental apartments in the mentioned areas has apparently been on the decline of late; thanks to the lacklustre [...] Continue Reading »
The High court of Delhi had held a session last week with the Land Acquisition Collector. In the session the high court asked the Land Acquisition Collector or LAC to provide the records related to awarding compensations to the residents. The compensations will be provided to the residents whose plots have been given to the [...] Continue Reading »
