Realty News
According to the National Housing Bank (NHB) Residex, the last quarter of 2012 saw rise in residential property prices across 18 of the 20 cities covered. Major Indian cities like Mumbai, Delhi, Bangalore, Ahmedabad, Kolkata and Chennai witnessed significant increase in the same. The cities which reported maximum growth in residential property prices quarter-on-quarter are [...] Continue Reading »
Supertech, north India based real estate developer, is planning to expand the existing business, which will involve a whopping Rs. 2000 crore investment. They have new projects to launch and also undertaking a new project involving education. The firm is planning to come up with a university of their own in Uttrakhand, and also is [...] Continue Reading »
National Capital Region has become one of the hottest destinations for property investment in the country. The twin cities Noida and Greater Noida are attracting maximum buyers from different parts of Uttar Pradesh and the capital. Recently, a property expo has been conducted showcasing various projects of Noida, Greater Noida, Greater Noida West and Ghaziabad [...] Continue Reading »
With the Union Budget to be presented in a week, Builders’s Association of India (BAI) expects a hike in exemption limit on the interest in home loan. At present, the exemption is set at Rs 1.5 lakh which the builders want to be set at Rs 3 lakh. The builders demand the Finance Minister to [...] Continue Reading »
Gurgaon- In order to curb procedural irregularities prevailing in the process of issuing license to developers, the Department of Town and Country Planning (DTCP), has asked its officials to obtain land ownership certificates only through official channels. DTCP’s director general has recently issued the order after a legal case being heard in Punjab and Haryana [...] Continue Reading »
Delhi- The regularisation of 532 colonies, proposed by the Urban Development department for regularisation in September, 2012, is likely to move a step further with Delhi Government’s Urban Development department asking for the land status report. The urban development department had earlier dealt with cases of such illegal colonies, wherein colonies were built on private [...] Continue Reading »
With the infrastructure development booming in Mumbai, the apex financial institute, World Bank shows interest in financing two mega projects in Mumbai. The projects include the Virar-Alibaug road-rail corridor and the development of 12 urban growth centres as satellite cities of Mumbai. The growth centres are planned in distant suburbs of Mumbai such as Kalyan, [...] Continue Reading »
The Commune is a self-sufficient, sustainable and holistic living community spread in five acres of land with sufficient space of greenery, landscaped with aromatic and medicinal plants. The project offers efficiently designed 1, 2 and 3 BHK apartments. The price of the apartment ranges from Rs 17 lakh to Rs 27 lakh. The project is [...] Continue Reading »
Chennai – The Chennai metro rail project will be operated and maintained by Chennai Metro Rail Ltd (CMRL) only. According to the Managing Director of Chennai metro, CMRL called for international competitive bids to outsource operation and maintenance work of Chennai metro project. But now they have dropped this idea and decided to do it [...] Continue Reading »
The new capital value based tax system which was being objected by the citizens all this while, has been given an extension of two months grace period. The citizens can now pay as per the old rates up to March this year. The residents have to visit the assessor and collector department at the local [...] Continue Reading »
