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Realty News

70% of booking deducted by builder for missing deadline

70% of booking deducted by builder for missing deadline
According to recent news, one of the builders of Greater Noida cut off 70% of the cash that was given to him by an individual to book a flat. This deduction in money occurred because the buyer had failed to pay the second instalment. The flat was booked was Amit Goel in Devika Goel Homez. [...] Continue Reading »

PM receives a letter on flats located near Okhla Bird Sanctuary

PM receives a letter on flats located near Okhla Bird Sanctuary
According to reliable sources, those who had bought their apartments within 10 kms near the Okhla Bird Sanctuary are now putting the blame on their builders for the future of the investments they have made. At the same time, there were a couple of flat owners in Noida who wrote a letter to the Prime [...] Continue Reading »

Renegotiation in public-private partnership (PPP) projects in its way

Renegotiation in public-private partnership (PPP) projects in its way
The government is considering about some major moves to give an upward thrust to the infrastructure projects in the country. It is considering about allowing infrastructure players to renegotiate already bid public-private partnership (PPP) projects. Discussions have begun on creating a ‘resolution panel’ and this will include all the global best practices to provide a cushioning [...] Continue Reading »

Distributors not interested to take up the investment advisor roles

Distributors not interested to take up the investment advisor roles
It seems that the distributors are not keen on wearing the hat of investment advisors. Fourteen months after the investment advisors’ regulations came into effect, not many distributors have come forward to register themselves as advisors. The number of investment advisors as of May 2014 stood at 156, as per SEBI data which has grown [...] Continue Reading »

Bank financing- Must for the urban poor for the housing projects

Bank financing- Must for the urban poor for the housing projects
’Acche Din Aane wale hain’’ was the tagline of BJP’s election campaigns and it included a lot of promises for creating facilities for the poor. Housing for all too was the most prominent mantra and Union Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu believes that it is possible only if the [...] Continue Reading »

No land desertification in India by 2030

No land desertification in India by 2030
There are measures taken to reduce the land degradation and the environment and forest minister Prakash Javadekar on Tuesday said that India would be ‘land degradation neutral’ by the year 2030. This policy declaration aims to protect the land to combat the challenge of food security. In order to protect the nature and give a [...] Continue Reading »

GNIDA completes feasibility report for Greater Noida to IGI Airport Metro link

GNIDA completes feasibility report for Greater Noida to IGI Airport Metro link
The Greater Noida Industrial Development Authority (GNIDA) has completed the feasibility report for the ‘Greater Noida to Indira Gandhi International (IGI) Airport’ Metro link; and it is apparent that the efforts to connect the 66-km route via high-speed Metro link are on a fast track. The completion of the feasibility report by the GNIDA implies [...] Continue Reading »

Builders oppose CMA’s arbitrary hike in cement prices

Builders oppose CMA’s arbitrary hike in cement prices
At a recent meeting of the governing body of CREDAI Karnataka in Bangalore, some key issues were discussed, including the arbitrary increase in cement prices which the Cement Manufacturers Association (CMA) has announced. With the CMA having hiked the cement price from Rs 255 to Rs 315 per bag, CREDAI Karnataka President R Nagaraj said [...] Continue Reading »

Union Urban Development Ministry prepares ‘Delhi beautification’ action plan

Union Urban Development Ministry prepares ‘Delhi beautification’ action plan
An action plan for the beautification of Delhi has been prepared by the Union Urban Development Ministry, which has asked different stakeholders to come up with short- and long-term programmes that can help beautify India’s capital city. It was at a recently-held high-level meeting of various civic officials that Union Urban Development Secretary, Dr Sudhir [...] Continue Reading »

CIDCO indicates that Phase-1 of Navi Mumbai airport will be ready by December 2018

CIDCO indicates that Phase-1 of Navi Mumbai airport will be ready by December 2018
In an apparent indication that the first phase of the Navi Mumbai international airport will likely be ready be December 2018, the City and Industrial development Corporation (CIDCO) of Maharashtra has set out on a Rs 20,000-crore infrastructure development for the nodes it is managing in Navi Mumbai. In a recent a communiqué to various [...] Continue Reading »



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