Realty News
According to a Cluttons International Private Capital Survey 2013-14, Indians view Dubai in the same league as London and are city’s most active buyers. Other factors that encourage Indians to invest in Dubai are that it is around 4 hour flight away and has a large non resident Indian population. Faisal Durrani, Associate residential and [...] Continue Reading »
Real estate group Emaar MGF which is a joint venture between Dubai-based Emaar Properties and India’s MGF, may not get clean chit in the Enforcement Directorate probe on the alleged violation of Foreign Direct Investment (FDI) guidelines despite the proposed watering down of foreign investment rules by the Government. The company was slapped with a [...] Continue Reading »
Jammu Development Authority’s (JDA) project to construct 425 residential flats in the Gandhi Nagar area of the city had been approved by the Minister for Urban Development, Nawang Rigzin Jora. Accompanied by Housing and Urban Development secretary Satish Nehru and JDA vice-chairman KL Khajuria, the minister visited the site proposed for a group housing colony [...] Continue Reading »
Over 20,000 properties will be showcased in the price range of Rs. 15 lakh to Rs. 7 crore, in the annual property show of Confederation of Real Estate Developers Associations of India (Credai), Chennai. Governor K. Rosaiah will inaugurate the exhibition on Friday at Chennai Trade Centre. The exhibition will showcase 250 projects of about [...] Continue Reading »
The number of houses part of authority’s annual lottery of affordable houses has been decreasing in Mumbai. The apartments are nearly as costly as last year but are still at a discount the market price. The Maharashtra Housing and Area Development Authority (MHADA) will release at least 814 houses across various income categories this year. [...] Continue Reading »
The Noida Entrepreneurs’ Association (NEA) and Federation of Noida Residents Welfare Associations (FONRWA) have protested against stamp duty rule. According to the rule, 5% stamp duty is to be levied on interest capitation generated on the amount that is paid during the purchase of industrial and residential properties in Noida. B M Meena, principal secretary [...] Continue Reading »
Maharashtra government is all set to have a first-of-its-kind housing regulator. Orders can be passed by the regulatory body so that 10 per cent of the total project can be transferred to buyers who can sell it further in the market to cross-subsidise the construction cost. To achieve this, builders will not be allowed to [...] Continue Reading »
The Municipal Corporation (MC) and the Town and Country Planning (TCP) Department are engaged in a serious blame game over the 178 high-rise buildings that have been constructed in the city and its peripheries located in the seismic zone V. Many of the buildings have hostels in the top floors making it really difficult to [...] Continue Reading »
Residential developer Shapoorji Pallonji has been appointed as the main contractor to build a new medical centre based in Dubai Healthcare City. The facility will be built in 175,000 square feet of internal space arranged over six floors with three basement levels for parking. The prestigious project will be built for client Dr Sulaiman Al Habib [...] Continue Reading »
Under its 60-day program, Rajasthan Housing Board (RHB) will launch 50 new housing schemes in 18 cities including Jaipur on Thursday. A senior RHB official said, along with old applicants, new applicants can also fill forms for the scheme, proposed to develop 2,634 independent plots, flats and duplex houses. The board will develop 704 flats [...] Continue Reading »
