Realty News
The Greater Ludhiana Area Development Authority (GLADA) plans to auction the 8-acre land which currently houses the office of the canal and irrigation department on the main Ferozepur road. GLADA has kept the reserve price of this land as Rs 415 crore and plans to sell it as a single chunk for group housing project. [...] Continue Reading »
In a bid to attract new investors, the industry authority, HSIIDC, plans to allot the plots “online”. In the latest in a series of systemic upgrades, the authority’s head office announced the new online facility for prospective entrepreneurs planning to invest in Haryana. With the “online mode”, the corporation expects the process of industrial plots [...] Continue Reading »
In order to protect the consumers from getting hurt, the UP government is planning to come up with a new law that will tighten the noose around fraudulent real estate agents. It is said that under the new law, dealers are required to register themselves with a local government body and obtain a license for [...] Continue Reading »
In last one decade the satellite towns of satellite town of Gurgaon and Noida experienced great development primarily because of unavailability of land in Delhi. However, this may change soon as DDA has approved a policy based on the concept of pooling of agricultural land to accommodate the increasing demand of urbanization. This is a [...] Continue Reading »
Wipro Technologies, an IT giant, is planning to set up a special economic zone (SEZ) software development facility in Visakhapatnam. It is planned to be a seven-storied 1,000 employees facility. Currently, the company has a seven acre campus that is located on NH-16 opposite the Tech Mahindra facility at Satyam Junction. It houses 300 employees [...] Continue Reading »
The UPA government is trying hard to get the real estate bill passed in the current session of Parliament. With an eye on the Lok Sabha elections, this populist measure is likely to get a lot of attention from voters. Chairman of the standing committee of Parliament, Sharad Yadav, and Congress general secretary and former [...] Continue Reading »
If the parliamentary panel’s recommendations be implemented, the projects that are built on 100 square meters of area or more would be brought under the purview of the Real Estate (Regulation and Development) Bill, 2013. In its report on the Bill, the Standing Committee on Urban Development said that the small projects, where the area [...] Continue Reading »
Finance Minister, Mr. P. Chidambaram in his budget speech on Monday said that there had been a whopping over seven-fold increase at 3.89 lakh kilometers in the road network in the country during the UPA-I and UPA-II regime. He said, “In the year 2004, the country’s highway network was 51,511 km which has now reached [...] Continue Reading »
The interim budget disappointed realty developers and did not provide any relief to the sector. The developers, however, are hoping for an indirect would boost to the housing demand through the steps being taken to push growth in other industries such as automobile. Confederation of Real Estate Developers’ Association of India (CREDAI) Chairman, Mr. Lalit [...] Continue Reading »
The farmers in Gautam Budh Nagar, Noida have been protesting for 6 days now, against the Samajwadi Party government, for not granting approval to the policy of returning abadi land (land under habitation) to farmers. A group comprising 70 district villages are camping outside the Greater Noida Authority office. Cabinet deliberated on the policy that [...] Continue Reading »
