Realty News
The North Delhi Municipal Corporation has carried out a survey in the Karol Bagh Zone to ascertain ‘dangerous’ buildings. The survey comes close on the heels of the collapse of Inderlok building in which 10 people lost their lives. As a part of its recent survey of perilous buildings with potential risk of collapse, especially [...] Continue Reading »
A report filed by Chief Secretary E K Bharat Bhushan on a controversial multistory residential riverside building project by DLF has asked for a clarification from the Cochin Corporation on the issue of building permits. The state government had earlier quashed the environmental clearance provided to DLF Riverside on June 18th. The report by the [...] Continue Reading »
A successive chain of governments in India have repeatedly obsessed over a way to clear the red tape that entangles businesses in India, in a way to attempt a ‘quick-fix’ solution that may someday enable the country to awake to a new era of economic prosperity. The current government is no different. Commerce minister Nirmala [...] Continue Reading »
The delay caused by various government agencies and departments in implementing projects has led to a public outcry to entrust various development projects to Delhi Metro Rail Corporation (DMRC). Kochi Metro Rail Limited (KMRL), in a similar move, has drafted a set of rules for the new Land Acquisition Act introduced by the Union government [...] Continue Reading »
Six months after the cabinet-approved construction of five signal-free corridors to reduce Bangalore’s traffic problem, the projects have yet to be initiated. Lok Sabha elections had earlier stalled the projects, and now political apathy has prevented them from taking off. Tenders for two of the corridors – Dr. Raj Kumar Road and Old Airport Road, [...] Continue Reading »
In order to generate interest in investment in the India’s Special Economic Zones (SEZs), the government may exempt investors from paying the Minimum Alternate Tax (MAT) in the Budget FY15. The commerce and finance ministries have held discussions after several years, in a bid to revive investor confidence. The commerce ministry has asked for various [...] Continue Reading »
Pune-based realty firm Darode Jog has launched a new residential project called ‘Padmanabh’ at Dudulgaon. The project is located at in the outskirts of Pune city, on the Moshi-Alandi BRT road. The Padmanabh project is laid-out in an 8-acrea land area; and will comprise 9 towers with 7-9 floors per tower. A total of 800 [...] Continue Reading »
The slowdown in the real estate sector has hit the sector badly and the developers are now reducing the size of the units to keep the prices low. They are working on the architecture and cutting down on the number of balconies, using the optimum space for living rooms and reducing the wastage of space [...] Continue Reading »
It seems the struggling real estate sector is picking up as there is a ripple among the developers to launch new residential projects in Kolkata. A consortium of three Kolkata-based developers, Sureka Group, Merlin Group and JB Group, has acquired 100 % stake in Keppel Magus Development Pvt Ltd’s project. This acquisition was made on [...] Continue Reading »
There seems to be an uptick in the real estate market and the developers are gearing up to launch new residential and commercial projects. Many real estate players are selling off their assets to monetise funds for their on-going projects and reduce the debt burden. In short there is activity in the otherwise sluggish real [...] Continue Reading »
