Realty News
Chennai- Jayalalithaa, the chief minister of Tamil Nadu has unveiled slew of mega residential projects across the state, including a Rs 120-crore integrated satellite township on the outskirts of Madurai, a Rs 612 crore project of 10-storeyed apartments in Sholinganallur and also proposed to construct 4,422 houses in various other districts. These projects are being implemented by [...] Continue Reading »
Varanasi- The proposal to introduce metro rail service in the city has been approved under the new plan of Varanasi Master Plan-2031. It was proposed by town and country planning department and was accepted by the state committee and Varanasi Development Authority board. The proposal was made seeing the need of metro rail service in [...] Continue Reading »
Delhi: The recent CAG of India report criticized about the inability of the government in rise in cost and non-completion of infrastructure projects, particularly in providing low-cost housing. Many projects had been announced under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to provide housing for the poor. Despite getting a year’s extension, most of [...] Continue Reading »
Noida has been in the spotlight due to its drastic and sudden improvement in the residential and commercial real estate area. Billboards and newspaper advertisements has driven the interest of many buyers from Delhi-NCR region. A real estate broker said that Yamuna expressway and the surrounding areas are the best to invest currently. He said [...] Continue Reading »
Bhubaneswar: The Accountant General of Odisha has directed the state housing and urban development department to review all irregular building plan approvals or buildings constructed in deviation from approved building plans. Amar Patnaik, AG (general and social sector) has asked Injeti Srinivas, principal secretary (housing & urban development), Odisha, to take action on unauthorized construction [...] Continue Reading »
Jaipur: It has been revealed by an audit report that Jaipur Development Authority (JDA) has been favouring a few developers which has led the civic body to incur a loss of Rs 12 crore during land conversion, transfer and regularization. Now, the JDA has been charged by the audit report with wrongdoings such as charging [...] Continue Reading »
A decision on the draft law to set up a regulator for realty sector with provisions for jail term for the builders who put out misleading advertisements of projects has been deferred by the Union Cabinet. This regulator also made compulsory that all the developers who want to launch projects can only get the approval [...] Continue Reading »
The government is likely to come up with a Real estate Bill, which is pending in the parliament since 2009. The sector is in urgent need of this bill as the industry is known for foul business and less transparency are practiced widely. The real estate sector contributes five to six percent of the country’s [...] Continue Reading »
Good news awaiting for buyers of properties in Navi Mumbai! With the delay in new airport, the rates of properties around Navi Mumbai are going to be further down as per reports. The prices of properties in Navi Mumbai have been on a seesaw the time the airport proposal was announced. However, the buyers can [...] Continue Reading »
Maharashtra Chief Minister has claimed that there will be a new funding model for all the proposed metro projects in the state. The CM announced it recently in the Legislative Council after the central government turned down the proposal of relaxing the norms used for providing the funds for metro projects. The projects were supposed [...] Continue Reading »
