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Realty News

Infra Projects to be kept out of the loop of Land Acquisition Act

Infra Projects to be kept out of the loop of Land Acquisition Act
The rules of the new Land Acquisition Act will not apply on the large-scale projects, such as industrial corridors and national highways. This solution was proposed by the Commerce and Industry Ministry to avoid delays in these projects. Provisions such as mandatory consent of project-affected people for land acquisition should not apply to infrastructure projects. [...] Continue Reading »

Road ministry seeks to excise duty exemption for cement so that roads can be built

Road ministry seeks to excise duty exemption for cement so that roads can be built
For the establishment of buildings and concrete roads, the road transport and highway ministry has been working hard to excise exemption of duty for cement. It was quite recently that this proposal came up. It happened right after the current Modi government planned to establish more highways using cement rather than option for bitumen roads. [...] Continue Reading »

Marvel Realtors setting benchmarks in Pune realty market

Marvel Realtors setting benchmarks in Pune realty market
Marvel Realtors is one of the most well-known names in Pune real estate sector; thanks to the unparalleled success which the company has witnessed over a period of 13 years, during which it has become a reputed brand for luxury as well as quality. With more than 24 million sq ft of opulent residential, commercial [...] Continue Reading »

Investment hurdles cleared by government; seven projects worth 21,000 crore sanction

Investment hurdles cleared by government; seven projects worth 21,000 crore sanction
The government of current Prime Minister Narendra Modi has given his approval for the clearance of seven projects which are based on investment. The cost of the project is an expensive 21,000 crore. Out of all these investment projects, there are a few which have been pending for long. This is majorly because of the [...] Continue Reading »

Forest ministry gives green lights quicker, makes clearances simple and roads are given importance

Forest ministry gives green lights quicker, makes clearances simple and roads are given importance
The new government of Narendra Modi would stretch and increase the support of the administration to all the professional committees on the matter of environment. This make sure that sanctioning usually doesn’t take up so much time once the due diligence is done. This vital piece of information was given away by the environment minister [...] Continue Reading »

Nungambakkam in North-West Chennai – One of the city’s prime residential areas

Nungambakkam in North-West Chennai – One of the city’s prime residential areas
One of the most posh residential areas in Chennai is Nungambakkam, which marks a much preferred location of the city’s well-known personalities. The Nungambakkam residential area in North-West Chennai underscores an elite and upscale locality, which houses the residences of well-settled businessmen, moneyed CEOs and VPs of prominent IT firms, and famous politicians. The biggest [...] Continue Reading »

MMOPL and MMRDA reach the court on fare issues in Mumbai’s maiden metro project

MMOPL and MMRDA reach the court on fare issues in Mumbai’s maiden metro project
Reliance Infrastructure-led Mumbai Metro One Pvt Ltd (MMOPL), the operator running the Metro line told the Bombay High Court on Thursday that even with this increased fare it will not be able to break even till the end of the second year of operations. Reliance Infrastructure finds the initial fare structure justified for the Metro [...] Continue Reading »

Matters of Illegal construction sorted out by BMC commissioner

Matters of Illegal construction sorted out by BMC commissioner
In order to deal with the problem of illegal constructions, Sitaram Kunte who happens to be the BMC chief will come up with a new policy. The chief minister Mr. Prithviraj Chavan gave away this vital piece of information on Thursday. This incident has occurred in the city of Mumbai, Maharashtra. A committee has also [...] Continue Reading »

48,000 yard plot bought by the city builders for Rupees 368 crore

48,000 yard plot bought by the city builders for Rupees 368 crore
A yard of about 4,800 square was sold by Charity Commissioner of Ahmedabad at an expensive amount. This plot was owned by Ahmedabad Panjrapole Sansthan. This cost of this plot was Rupees 368 crore. This was an attempt to increase the city’s realty market. The deal had been signed by Essam Infra which happens to [...] Continue Reading »

Land allotted by Defence Ministry which clears the way for Hyderabad Metro

Land allotted by Defence Ministry which clears the way for Hyderabad Metro
Land transfer of 2.15 acres has been allowed by the Defence Ministry. This has been given away to L&T Hyderabad Metro Rail so that the construction of Parade Grounds can be carried out. This includes Metro station and Right way spanning which takes up about 2.23 kilometres in the Defence areas. This issue has been [...] Continue Reading »



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