Realty News
Ahmedabad: Paras Pharma’s founder Girish Patel is to invest around Rs. 2,000-crore for developing low-cost houses in Ahmadabad. Patel’s company, which was running Paras, will launch the township at Sanand near Tata Motors Nano plant on the outskirts of Ahmedabad. The land of 170 acre is 2 km away from the car plant and around [...] Continue Reading »
Kerala- Kerala government has announced the amendments made in Kerala Building Rules (KBR) on 8th January 2013. One of the proposals which will reduce the time taken for approval of building plans is single-window clearance facility. Builders are still not clear with this scenario and are waiting for the gazette notification. This notification will hopefully be out in [...] Continue Reading »
Gurgaon- The Millennium City which already houses around 1,100 high-rises is expected to get an additional of 1500 multi-storey towers by 2018. During 2008 to 2012, several developers have acquired licenses for projects under the new master plan, among which around 95 percent include multi-storey apartments. About 95% of the available space for high-rise projects [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
In 2012, the residential market was disturbed by weak business sentiments, high property prices, high labour cost and relatively higher mortgage rates which resulted in the decline of 30% in 2012 in comparison to a plunge of 7% in 2011, said a real estate consultancy. Real estate developers are really cautious of launching project as the gap [...] Continue Reading »
New Delhi- High property prices and rising interest rates of home loans during 2012 have brought down demand for properties in India. In the top six cities of India, the housing sales have dropped by 16 percent to around 2 lakh units in the previous year, revealed a report by property consultant Knight Frank. Many [...] Continue Reading »
New Delhi- With the town planners working on the land use plans in Delhi, the city’s development is being implemented in an arbitrary manner. The Delhi master plan 2021 documents along with the master plan for the zonal areas which were procured by the DDA were vague in terms of presentation and content. In the year [...] Continue Reading »
South Delhi is booming with the increase of investors in two areas: Khan Market and Meherchand Market. Entrepreneurs are eying in south Delhi’s Meherchand Market as it is the alternative destination for many investors because Khan Market is lacking in commercial space. South Delhi corporation now planned to revive the market in order to boost [...] Continue Reading »
Cuffe parade, an affluent locality in South Mumbai is now in high demand. The well planned area offers lifestyle and amenities both. The main plus points of this area are strategic location, increased rental activity, upcoming new projects by Mittal Grandeur, Lodha Group and so on. Apartments for rent in Cuffe Parade has gone up [...] Continue Reading »
New Delhi- National Housing Bank (NHB) is planning to offer a special refinance scheme to mortgage lenders for loans to urban low-income housing groups to buy affordable houses. With this move, the housing finance regulator is likely to create a long-term market for fixed-rate housing loans and boost affordable housing. The new refinance scheme for [...] Continue Reading »
