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Realty News

NMC stops water supply to construction sites

NMC stops water supply to construction sites
Nashik- As water scarcity issue is rising in many cities, the Nashik Municipal Corporation (NMC) has stopped builders from using potable water for the ongoing constructions by disconnecting water connections. The Corporation said that the concerned builders have to arrange water from other sources like wells, borewells, etc. This move of the civic authority of [...] Continue Reading »

Centre allocates 17 crore for slum-free project

Centre allocates 17 crore for slum-free project
Haryana is to get Rs 16.68 crore from the Central Government for making nine cities of the state sum free under the Rajiv Awas Yojana. This nine cities include Gurgaon and Faridabad along with Karnal, Panchkula,Panipat, Ambala, Yamunanagar and Hisar. An amount of Rs 1.51 crore has already been released for conducting the survey and in [...] Continue Reading »

Home loan tax deduction, a boon to realty developers

Home loan tax deduction, a boon to realty developers
The home loan incentive which was announced recently by the Finance Minister with the Union Budget 2013 has been the talk since its release. The real estate developers are the group who can cheer the most with the incentive. One can claim the tax deduction only if his/her loan amount is less than Rs 25 lakh. Also, it has [...] Continue Reading »

New land pooling policy awaits DDA approval

New land pooling policy awaits DDA approval
The new land pooling policy is likely to be tabled for approval at a meeting of the Delhi Development Authority (DDA). This move aims to encourage the active involvement of private sector. The government agencies are considering this as an alternative to land acquisition. The land policy so made is based on optimum utilisation of [...] Continue Reading »

Hyderabad: PBEL City township gets two new towers

Hyderabad: PBEL City township gets two new towers
Chennai – PBEL City has launched their two new towers namely Aurum and Argentum in its township at APPA Junction on the outskirts of the city. PBEL City is a 25 acre ultra-modern integrated township which comprises of 13 residential and two commercial towers with G+18 stories comprising 12 and 8 flats at each level of [...] Continue Reading »

Namma Metro gets Rs 787 crores from French firm

Namma Metro gets Rs 787 crores from French firm
The French Embassy and French development agency, Agence Francaise de Development (AFD) has signed an agreement with Bangalore Metro Rail Corporation Ltd (BMRCL) for providing Euro 110 million (about Rs 787 crore) finance to Bangalore Metro project. They signed a project Financing Agreement this week. The financing has been earmarked for a long term Credit [...] Continue Reading »

Budget 2013 boosts affordable housing sector

Budget 2013 boosts affordable housing sector
NBH is setting up an Urban Housing Fund with an allocation of Rs 2,000 crore  to infuse liquidity for urban housing and to boost demand in the city. According to NHB, the budget will boost the affordable housing with an additional interest benefit of Rs 1 lakh on first-time home loans up to Rs 25 [...] Continue Reading »

Donata Bliss: New launch by Donata Group in Sarjapur road

Donata Bliss: New launch by Donata Group in Sarjapur road
The concept behind Donata Bliss is to bring the outdoors within the four walls of your home. Soothing flora and greenery create the right environment for relaxation and solitude. Donata Bliss offers 2 and 3 BHK apartments with built up area ranging from 1425 sq ft to 2375 sq ft. The price of the apartment [...] Continue Reading »

DDA budget focuses on affordable homes, infra projects

DDA budget focuses on affordable homes, infra projects
New Delhi- Delhi Development Authority (DDA) has passed its budget for 2013-14 which mainly focuses on development of affordable housing projects in its sub-cities and infrastructure development projects, followed by maintenance of green areas, building community centres and multi-storey wedding venues and more. The DDA Budget for the fiscal 2013-2014 was passed on Tuesday at [...] Continue Reading »

Buying an apartment in Kerala will be much safer now

Buying an apartment in Kerala will be much safer now
Kochi – If you are planning to buy an apartment in Kochi, then don’t delay your decision. It is because the Kerala government will soon pass the Kerala Apartments Regulation Act. To ensure systematic and planned development in real estate sector, a regulatory authority has been made mandatory under the act. Kerala Apartments Regulation Act  will [...] Continue Reading »



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