Realty News
Patna: The urban development and housing board department of Bihar has planned to launch Patna metro or monorail system by 2015. This would put an end to the traffic congestion issues in the city. State urban development minister Prem Kumar has announced the news at an election meeting. He said that tenders will be invited [...] Continue Reading »
New Delhi: Soon a list of provisions will be set that have to be followed by those owning plots of size 3,000 square metre and above. An amendment has been proposed by management action groups to the Master Plan 2021 as per which the local bodies should ensure that building plans for such plots have [...] Continue Reading »
Nishant Prime is a prestigious residential apartment project by Nishant Properties located at Whitefield. The project is expected to get completed by mid of 2014. The project offers 2 and 3 BHK apartments and duplex apartments. The built up area of apartment ranges from 1021 sq. ft to 1960 sq. ft. The price of the [...] Continue Reading »
The Essel Group has launched its real estate private equity fund of Rs 500 crore as a part of its asset management foray. It is a $4-billion company which is owned by Subhash Chandra. This amount will be invested in residential projects in large cities across the country. It has an option to have additional [...] Continue Reading »
Chandigarh: Haryana Urban Development Authority (HUDA) has planned to stop giving upper time limit to allottees for completing minimum construction on residential and commercial plots. Earlier, it was directed that the allottee has to complete the minimum construction within two years from the date of possession of the plots. A HUDA spokesperson said that now [...] Continue Reading »
Due to the increasing demand, Indian developers are now focusing on building homes exclusively for senior citizens. Currently, there are around 30 senior living projects in India and around 30 more are in the pipeline. Most of the projects are at the proposal stage. Cities like Coimbatore, Bangalore, Pune and Chennai are more active cities [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has started a survey in every ward to identify buildings which have been constructed on top of water pipelines in the city. Recently, a major water pipeline under a building in Govandi has bursted which took life of a resident leading the civic body to go on with this move. Now, two [...] Continue Reading »
Delhi-Gurgaon Expressway has collected around Rs.854 crore through toll tax since January 2008 till December 31, 2012. The amount collected has almost covered a huge portion of its initial construction investment of Rs. 1,240 crore. There were three toll plazas which are located at Delhi border (Sirhaul), Kherki Daula and Indira Gandhi International Airport (IGIA) [...] Continue Reading »
Visakhapatnam- The Europe model row housing project at Rushikonda is on the verge of completion with only few interior fixtures left. The project is being developed by Visakhapatnam Urban Development Authority (VUDA) on an area of 6.78 acres of land. The Vice Chairman of VUDA inspected the works completed and directed senior engineers to complete [...] Continue Reading »
About 26 developers are at the receiving end as they have failed to hand over the state government’s share of tenements. Also, the builders have ignored the notices that had been sent to them by the state urging them to hand over the buildings soon and also pay the penalty for the delay. Maharashtra Housing [...] Continue Reading »
