Realty News
New-Delhi- Delhi will now go vertical by tripling the floor area ratio (FAR) from the present 200 to 600. The planning body of the city will now make the houses of the poor and the middle class go vertical due to the growing housing shortage. The urban development ministry administering the city’s civic urban planning [...] Continue Reading »
Due to an inordinate delay in a project in Sector 61 to 65, a group of home buyers have lodged a complaint with the Gurgaon Police against ABW Group. The buyers have paid between Rs 10 lakh and Rs 25 lakh after the project was introduced which was two and a half years ago. The [...] Continue Reading »
To support housing for the poor, the Ministry of Housing and Urban Poverty Alleviation has been planning to raise the cap on the interest subsidy scheme from the present Rs 1 lakh to Rs 5 lakh. The scheme of Interest Subsidy for Housing the Urban Poor was started in the late 2008 in order to [...] Continue Reading »
A growth in sales and revenue has been witnessed by Indiabulls Real Estate Limited (IBREL) for the last quarter of 2012. By December 31, 2012, the company saw a total sales of Rs 1,201 crore, which went up by 267% compared to Rs 449 crore third quarter of 2012. Total revenue also shot up by [...] Continue Reading »
Gurgaon- The skywalk which connects the existing Delhi Metro station along with the Rapid Metro at Sikanderpur is expected to be completed within a month. The walkway measures about 100 metre and will connect itself to both the stations at the platform level. The completion of this walkway will help in seamless movement of the [...] Continue Reading »
Kochi- The 10th director board meeting of Kochi Metro Rail Limited was held on January22, 2013. The discussion was held on the few technical parameters for the project and also decided to carry out a research on extending the light rail line to Angamaly, Kakkanad and to Mattanchery /Fort Kochi as well as linking Thripunithura [...] Continue Reading »
The Karnataka Housing Board has started work on the development of a mega layout on the outskirts of the city. KHB is coming up with a layout in the city after 33 years. The layout has been named as KRS Nisarga as the place is near KRS dam. The demand for sites and houses are [...] Continue Reading »
Kolkata- After coming to power, the Trinamool Congress government is planning for the biggest land acquisition drive. The same party has earlier opposed the land acquisition by the Left Front government when it was in power. In December 2010, the Left Front government had planned to get about 3,600 acres of land at Gourandi and [...] Continue Reading »
Nagpur- The Delhi Metro Rail Corporation (DMRC ) suggested two metro routes for the Nagpur metro rail project. In this regard, a presentation was given by DMRC officials to Nagpur Improvement Trust (NIT) on January 22, 2013. The suggestion took the progress of Nagpur metro to a new phase. As per the presentation, DMRC suggested [...] Continue Reading »
Goa- It’s a wonderful experience to sit in a chair and watch the beauty of sea from your room or balcony. The tranquility of the sea makes us forget all the stress in our lives and creates an atmosphere of overwhelming joy. How would you feel if such an atmosphere will be made available at [...] Continue Reading »
