Realty News
Lucknow- The UP Housing Development Board has proposed a new residential project along Shaheed Path near Sultanpur Road, Lucknow. Being spread over 4,524 acres of land, the project, ‘Avadh Vihar Yojana’, is located between Ansal API’s hi-tech township and Utratia station. Of the total area of the project, only 25 percent land is planned to [...] Continue Reading »
New-Delhi- With the recent relaxation of the FAR (floor area ratio) by the Delhi government in the city, the green buildings in Delhi are expected to have a higher FAR when compared to the conventional buildings. Green buildings, which are quite economical, help in reducing the electricity bill, save water and create a comfortable living [...] Continue Reading »
Era Group, a Delhi based real estate firm, has been probed for service tax by the Central Revenue Department. Officials suspected that the firm is avoiding service tax of around Rs. 18 crore. Officials said that they have registered a case against the Era Infra Engineering Ltd, Era Landmark Ltd and Era Buildsys Ltd. According [...] Continue Reading »
Chennai- Mall developer, Phoenix Mills have opened their fourth “Phoenix Marketcity” Mall in Velachery, Chennai. According to the data available with BSE, this commercial and residential development has come up with over two million sq ft of property near Guru Nanak College in Velachery. The project covers residential area of about 2.6 lakh sq ft [...] Continue Reading »
New-Delhi- One of the key factors which influence the property prices is the location followed by other attributes. The location of a project defines if the project is premium, mid-ranged or affordable. The Golf Course Road Extension and Sohna Road are two such areas which have innumerable apartments in Gurgaon wherein the first area has premium units [...] Continue Reading »
Noida- With the repair work being carried out on the second phase of the Kalindi Kunj bridge, Noida commuters will not be able to use the flyover to travel to Delhi. Most parts of Noida and the DND Flyway has been witnessing grave traffic snarls due to the repair and barring of Kalindi Kunj bridge. This caused [...] Continue Reading »
New-Delhi- After a delay for quite few months, the HUDA city centre shopping complex is all set to open to the public in September. The project was delayed due to the cancellation of tenders in the past as there were very few suitable bidders. According to an DMRC (Delhi Metro Rail Corporation) official, the allotment [...] Continue Reading »
New-Delhi- The inability of the National Highways Authority of India (NHAI) to completely use the revenue generated through the tax-free bonds in the previous fiscal has created a lot of tension at the finance ministry as they have expressed their concern. Due to the project awards being stuck, the agencies on the highways are compelled to keep Rs. [...] Continue Reading »
New-Delhi- As per their plan of the NH Development Programme during 2012-13, the National Highways Authority of India (NHAI) has aimed to construct at least 2,800-2,900 km highways. This will be the NHAIs highest ever completion in the history. As per sources, the longest ever NH construction recorded until now is 2,693 km in 2009-10. As per an official from [...] Continue Reading »
Most part of the previous year witnessed slump in real estate market. However, December 2012 saw a substantial recovery in home sales registrations. But according to the market experts, the rise in property registrations was only due to marketing gimmick and not a sign of revival. As per data from the Director General of Registrations, [...] Continue Reading »
