Realty News
In a recent ruling, the National Green Tribunal (NGT) has said that no land or house/apartment will be allotted in Delhi in the future if the structures do not have rainwater-harvesting systems in place. Making the stipulation of rainwater-harvesting system mandatory for allotment of land or house/apartment in Delhi, an NGT bench headed by Chairperson [...] Continue Reading »
A new group housing project has recently been launched by North India-based realty promoter CHD Developers in Sector 71, Sohna Road, Gurgaon. The project – targeting the upper mid-segment income group – is called ‘Vann’ Sprawling over a total land area of 10.54 acres, the Vann group housing project will offer nearly 600 apartments and [...] Continue Reading »
In Bangalore, a new residential project – called ‘Samrudhi Rhythm’ – has been announced by real estate promoter Samrudhi Realty. The project is located strategically off Hennur road; and boasts convenient connectivity with all key destinations of the city. Aimed at mid-segment buyers, the Samrudhi Rhythm will offer a total of 200 apartments, which the [...] Continue Reading »
On Wednesday, the prevailing tension – due to auction of 117 acres of panchayat land – in village Baladkalan in Sangrur district got political, when the protest dalits received support from PPCC President Partap Singh Bajwa and BJP MP Vijay Sampla. Both Bajwa and Sampla extended their support to the protesting dalits of Baladkalan village, [...] Continue Reading »
The Ahmedabad Metro Rail project which proposes to inter-connect different areas of the city is an ambitious Rs 10,600-crore project, which is yet to take off even though an amount of Rs 565 crore has already been spent on it. The Rs 565-crore expenditure has been undertaken on the Ahmedabad Metro Rail project over the [...] Continue Reading »
The annual audit and inspection report for the financial year 2013-14 has revealed that the Greater Mohali Area Development Authority (GMADA) failed to ensure that residential projects of private builders had affordable housing for economically weaker sections (EWS) of the society. Drawing attention to the evident lapse on the part of GMADA to ensure affordable [...] Continue Reading »
Real estate developers have been requesting the government to give them a go ahead with REIT (Real Estate Investment Trusts). Blackstone, K Raheja, Embassy, Panchsil, DLF and RMZ could be the first off the block together listing as much as 75 million square feet, for an estimated $5 billion, in the next twelve months, once the [...] Continue Reading »
The cement producers are forming a syndicate or cartel and keeping the prices high and the Real estate developers are planning to go to the Competition Commission of India (CCI) to complain against this. CCI had imposed a Rs 6,300 crore fine on 11 cement companies in June 2012 for forming a cartel to keep the prices [...] Continue Reading »
An investment of Rs 600 crore has been planned by Mahindra Holidays & Resorts India Ltd (MHIL) – Mahindra Group’s hospitality division – for increasing its inventory. The investment will be made by the next 18-month period. With the current inventory of vacation ownership firm MHIL being nearly 2,500-2,600 rooms across 41 properties, MHIL’s Chairman Arun Nanda [...] Continue Reading »
Minister for Environment Thiruvanchour Radhakrishnan told the Kerala Assembly on Wednesday that the DLF Realtors issue – involving the company’s alleged violation of Coastal Regulation Act – will be investigated by a three-member expert committee. The alleged violation by DLF is linked to the company’s residential complex at Chilavanoor river banks in Kochi. During the [...] Continue Reading »
