Realty News
A recent order by the National Green Tribunal has led to a delay in the possession of completed flats in Noida, thereby affecting nearly 20,000 homebuyers. The National Green Tribunal order which has caused the delay in the possession of flats essentially prohibits the Noida Authority from giving a completion certificate to projects which are [...] Continue Reading »
Expecting a growth in the real estate sector, the banks continue to lend aggressively to the commercial real estate and the NBFC (Non-banking financial company) sector. According to the sectoral bank credit data released by RBI, the banks have slowed down on unsecured credit like credit cards, personal loans etc. as the security is low [...] Continue Reading »
The latest data from the Reserve Bank of India shows that the growth in loans to industries continued to be lukewarm in April, rising a mere 12.3% to Rs 25, 14,000 crore compared to a growth of 15.6% in the same period last year. Compared to the large industries, the banks are more keen to render [...] Continue Reading »
Once the BJP came to power, its first declaration was to roll out a housing programme which will be low in cost. The houses are going to be pucca and will definitely be established by the year 2022. Venkiah Naidu who is currently the Union urban development has gone ahead and mentioned that the new [...] Continue Reading »
In the current financial year Tata Housing, the Tata Group’s real estate company, has decided to invest Rs 3,000 crore to acquire more land, including joint development agreements, across major cities in India. Brotin Banerjee, the MD & CEO of Tata Housing Development mentioned that Tata Housing’s expenditure will be 50-60% more in land acquisition [...] Continue Reading »
With Environment Minister Prakash Javadekar having asserted that delay in green clearances will not be tolerated, the Centre for Science and Environment (CSE) has requested the newly-formed Union Government to set up an independent regulator so as to speed up green clearances. In its request made to the Narendra Modi-led new government on Wednesday, advocacy [...] Continue Reading »
A review petition has been filed by the Maharashtra government against a Supreme Court order which allows over 3 lakh people to live on the property which they have purchased on land that is deemed private forest. The review petition was filed in April. The filing of the review petition by the Maharashtra government can [...] Continue Reading »
There are differences spurring up between the ministry of road transport and highways and the Planning Commission over the appraisal procedures. The last pre-appraisal meeting for public-private partnership (PPP) which was called by Gajendra Haldea, the adviser to the deputy chairman of the Planning Commission on May 30 was not attended by the ministry. Mr [...] Continue Reading »
‘’Celebrating Relationships’’ is the tagline of the Kochi based Asset Homes. In line with that they will launch 7 new projects in seven cities across Kerala to mark the 7th anniversary of the company. With the swearing in of the new government, the real estate sector is expecting to see an upward trend and the [...] Continue Reading »
The scheduled meeting between the Union Home Minister and the Secretary of the Public Works Department (PWD) in New Delhi in the coming days will largely involve a discussion about plans for new roads and flyovers. With the new Government headed by prime Minister Narendra Modi having come into power at the Centre, most of [...] Continue Reading »
