Realty News
The Tamil Nadu Government has started its wishful Monorail Mass Rapid Transit System (monorail) for Chennai with a revisionist pathway plan at a flabbily higher cost per km than planned earlier. 20.68-km monorail from Poonamallee to Kathipara with a link from Porur to Vadaplani costing Rs. 3,235 crore will be provided to private companies on [...] Continue Reading »
The Greater Mohali Area Development Authority (GMADA) will hold the draw of lots for residential and commercial plots on February 20, upon completion of work in Aerocity. As told by the GMADA chief administrator, Mr. A.K. Sinha, a total of Rs. 280 Crores are believed to have been spent on the works and maintenance of [...] Continue Reading »
The Dhanori and Kharadi localities in the north-east Pune have a large number of options for strategically located, spacious 3 BHK apartments within affordable budget ranges. While the supply side has huge inventory, the demand is also not coming down. The major demand for such accommodation options is from the IT establishments in the city. [...] Continue Reading »
The trend of shifting to suburbs because of the skyrocketing realty prices in the city has benefitted Thane very much. As the people are trying to shift out of Mumbai, Thane real estate market has received a major boost. In many areas like Ghodbunder Road, Manpada and Pokhran Road the prices of the real estate [...] Continue Reading »
Within a month of announcing to launch a new housing scheme “covering all segments of society” in 2014, the Delhi Development Authority took a U turn on Friday and said that the agency is not going to come up with any new housing scheme in near future. Insisting that the immediate requirement is to clear all kinds [...] Continue Reading »
Industry body FICCI (Federation of Indian Chambers of Commerce and Industry) after its interaction with the Afghanistan Builders Association (ABA) which is leading the 35-member Afghan delegation to India, said in a statement that the builders from Afghanistan have shown interest in collaborating and forging joint ventures with Indian companies for carrying out the projects [...] Continue Reading »
Ruling on the petitions filed by the developers like Godrej & Boyce, Oberoi Constructions and a host of others as well as residents’ bodies, the Supreme Court directed the Maharashtra Government to remove “private forest” tag attached to huge land parcels across the state. This move, according to the real estate developers’ body Credai is likely [...] Continue Reading »
With the massive slump in the real estate demand in Tier 2/3 cities, the sector had been bleeding profusely. The developers who had earlier planned the projects in smaller towns have now stalled these. However, the cities with some “spiritual connect” are experiencing steady demand even in the days of slump. In the words of [...] Continue Reading »
The Project Monitoring Group (PMG) functions in tandem with the Cabinet Secretariat has since its inception (last seven months) sorted out problems for a total of 84 mega projects amounting to an investment of Rs 3.71 lakh crore. The Chairman of the PMG, Mr. Anil Swaroop differs and says that they have resolved the problems [...] Continue Reading »
On account of subdued performance in agriculture, mining and manufacturing, the Government came out with the finding that the economy may have expanded by 4.5 per cent in 2012-13, compared with the earlier estimate of 5 per cent. The GDP, however, has been revised upwards to 6.7 per cent from 6.2 per cent, according to [...] Continue Reading »
