Realty News
Brick Eagle Capital Group is a private equity and land-banking firm. It advises low-cost housing developers. The group is planning to raise $100 million from offshore investors mainly to acquire 1,000 acres of land in and around Mumbai this year. It has zeroed in on the investments to be made. The plan is to house [...] Continue Reading »
Chandigarh Housing Board held the auction of commercial properties which remained largely unsuccessful with only two properties fetching a little over the reserve prices. The CHB auction in 2009 had also met a similar fate. One of those properties was in Sector 38 (West) fetching Rs 61.13 lakh, just Rs 25,000 more than the reserve [...] Continue Reading »
The Commissioner, Customs and Central Excise Department has ruled that the conversion of plots will not attract service tax. This has come as a relief to the plot holders in Industrial Area, Phase I, and Phase II in Chandigarh. The order applies to the conversion from industrial to commercial. UT Estate Office was issued a [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) launched ‘Green Channel’ which will speedily approve layout and building plans, as early as seven days from the date of submission of application. Group housing in the second phase and other building applications and online processing of building applications in later phases will be covered by the Green Channel, [...] Continue Reading »
North Bangalore is buzzing with a lot of expectations and excitement from the time the plan for the new airport has been put on paper. To add to that, Sobha Developers have built the landmark Sobha City. It is a marvel indeed and features incredible architecture that’s certainly a first for Bangalore. At the entrance [...] Continue Reading »
Mumbai residents are likely to get alternative to congested roads and packed commuter trains as metro will be started before April, as announced by RInfra. The construction, signal testing and system integration have been completed for the line consisting of 12 stations. Mumbai Metro One Pvt. Ltd, a consortium of Reliance Infrastructure (69%), Mumbai Metropolitan [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) will penalise unauthorized constructions or extensions at twice the property tax levied on the entire illegal area. An amendment was made in April 2010, to section 152(a) of the Mumbai Municipal Corporation Act, 1888 to accommodate the new structure for calculation of property tax. The announcement was made by Municipal [...] Continue Reading »
Noida realty market has been stagnant for the last six months and no improvement is expected till the parliamentary elections are over. Anil Kumar Sharma, president, CREDAI, NCR chapter points out that investors tend to postpone their investments till the political uncertainty is over. CREDAI president of NCR chapter, Ajay Aggarwal, MD, Microtech Infrastructure has [...] Continue Reading »
Developer blamed by the NHAI for the complex and lengthy legal processes which has stalled the work on the Panipat-Jalandhar highway for over two years. NHAI is claiming to be ‘helpless’ and is citing complex and lengthy legal processes which has stalled the work on the Panipat-Jalandhar highway for over two years. It is an [...] Continue Reading »
The people who were displaced due to a steel mill originally planned by Tata Steel at Gopalpur demanded a special package and stage a dharna in front of Ganjam collector’s office. Around 2,500 families who were affected, particularly from eight villages – Sindhigaon, Badapur, Patrapur, Paikapada, Kalipalli, Sindhu Nagara, Braja Nagara and Jyoti Nagara – [...] Continue Reading »
