Realty News
The much needed real estate investment trusts (REITs) are almost here for realtors to seek help from, but the question is, would the REITs be allowed an entry into the nations markets? This is a move which when allowed would be great for the economy, say sources. A move that would bring in the much-wanted [...] Continue Reading »
Chandigarh’s dreams to commute in Metro Rail like Delhi, Kolkata, Mumbai, Bangalore and other cities of India were shattered as the newly elected Member of Parliament (MP) Kirron Kher is against the Metro project for the city. During the Administrator’s Advisory Council (AAC) meeting, which was chaired by Union Territory Administrator Shivraj V Patil Kirron [...] Continue Reading »
It has been a year so far with plenty of progress and amazing growth that has impressed one and all, especially at the climes found with IT and Infopark. This needed to be leveraged on a grand scale, which is why the well-known and very esteemed “Lulu group” now has made a commitment to invest [...] Continue Reading »
Maintaining transparency is a major challenge for developing India and in order to curb malpractices and ensure stoppage of transactions under the table, the government on Monday ordered maintenance of cost records and audit for real estate companies, hospitals and educational institutions. The move will bring in the much-required transparency in fixing of prices in [...] Continue Reading »
Wipro, one of the best and strong standing IT outsourcer of the nation now needs speedy help, in the form of clearances. The clearances are a must say sources, so that the IT giant can open its third Special Economic Zone in the state of Karnataka, for which the Karnataka Government is being beckoned and [...] Continue Reading »
In an evident attempt to solve the ‘unauthorized housing’ problem in Thane, a cluster development plan has been finalized by the Thane Municipal Corporation (TMC). According to a proposal put forth by civic chief Aseem Gupta, the problem of illegal chawls and buildings in Thane can be effectively solved if the cluster approach is adopted [...] Continue Reading »
A senior minister with highly placed government sources revealed that Andhra Pradesh’s new capital city will be built around the ancient town of Amaravati, a city imbued with historical significance. Mangalagiri, Chief Minister N Chandrababu Naidu’s earlier choice, proved to be too expensive. Amaravati has abundant land, in addition to numerous Buddhist relics, including an [...] Continue Reading »
In a policy recommendation to the State Government, the Bangalore Chamber of Industry and Commerce (BCIC) suggested that Karnataka should explore dual land pricing policy. This will help them to address the issue of regional imbalance and encourage the spread of industries across the State. The industrial land beyond a radius of 100 km of Bangalore [...] Continue Reading »
The Mumbai Metropolitan Region Development Authority (MMRDA) has recently given its approval to a number of infrastructure projects in Thane; thereby triggering the hope that the transport-related problems of the Thane-Kalyan residents will be eased in the near future. The projects which have received the go-ahead form MMRDA include the road connectivity between Thane-Kalyan, parallel [...] Continue Reading »
The Delhi Development Authority (DDA) has written to the Ministry of Urban Development, requesting to be allowed to bypass governance under ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013’, with regard to acquiring small land pockets. Plans are also in the offing to put forth a proposal during [...] Continue Reading »
