Realty News
In the 72nd meeting of the State-Level Single Window Clearance and Monitoring Authority held in Shimla recently under the chairmanship of Chief Minister Virbhadra Singh, 12 proposals for setting up new industrial units and seven for the expansion and revision of the existing units, with the combined proposed investment of Rs 4,408.64 crore and providing [...] Continue Reading »
After the announcement of polls on Wednesday, the urban development minister wants the Group of Ministers (GOM) to take decision whether Delhi Metro Rail Corporation (DMRC) should terminate the payment to the private firm that was walked out of Airport Metro project. The minimum payment would be Rs 900 Crore in case the GOM takes [...] Continue Reading »
The swanky Green line is zipping ahead and so are the property prices: Construction work along the Metro corridors may have disgruntled them but property owners on this stretch now have good reasons to be delighted. As work expedited on the Malleswaram-Peenya line, land prices along the stretch rose by 20-30%, in the past two-three [...] Continue Reading »
In a report by the property consultant firm, Knight Frank, it has been seen that housing sales in Hyderabad has seen a 4 per cent drop in 2013 to 16,500 units but volumes are expected to pick up from year-end on hopes that uncertainties will fade away with the decision to form Telangana . Knight Frank [...] Continue Reading »
An empowered group of ministers (EGoM) headed by Defence minister AK Anthony will take a final decision on Wednesday, regarding issues related to the operation of the Delhi Airport Express Metro Line and its debt. A senior government official said, “The EGoM will decide whether to go for a new concessionaire or not and who’ll [...] Continue Reading »
Agencies like the Archaeological Survey of India (ASI), Forest Department, Delhi Development Authority (DDA) and others must give the details of their land where unauthorised colonies exist, as per a senior Delhi government official. The government is scheduling to regularise every house in unauthorised colonies, so that it fulfils the criteria of the land owning [...] Continue Reading »
Last week, in the presence of chief minister Prithviraj Chauhan and minister of state for industries Sachin Ahir, the state industries department had signed 32 Memoranda of Understanding (MoUs) for Greenfield projects with various firms involving total investment of Rs 23,850 crore, but ministers are raising doubts over whether or not the projects will take [...] Continue Reading »
Housing Development Finance Corporation (HDFC) raised $300 million via external commercial borrowings (ECB). The amount was raised under the affordable housing scheme of the Reserve Bank of India. ECB loans carry a lower rate of interest and are raised abroad. The RBI has allowed housing finance companies to tap external sources of financing to enable [...] Continue Reading »
According to a new report by Dubai Land Department (DLD), out of a total 2,238 in the Gulf emirate, around 676 real estate brokers from India and Pakistan are operating in Dubai. The UAE nationals made up the largest percentage of the city’s property brokers. As per the report, for every five men there is [...] Continue Reading »
The BDA bulldozed an ‘unauthorized’ four-storey guesthouse near Jayadev Vihar in Bhubaneswar. The structure was erected in 2011 and was in alleged violation of building norms. In 2007, the plan was approved for two-storey house on 2,352 square feet land for residential purpose. The official sources say that the owner illegally constructed a four-storey building [...] Continue Reading »
