Realty News
In a boost to the real estate sector, the environment ministry may soon allow state governments to take a call on setting up new townships, information technology and developmental parks near tiger reserves, national parks, eco-sensitive zones and critically polluted areas. The ministry has already issued draft rules proposing delegation of its power to decide [...] Continue Reading »
At a time when issues over land acquisition have stalled several infrastructure projects across the country, the UP government has included certain provisions to its Integrated Township Scheme, which are expected to benefit both developers and farmers. According to the new policy, real estate developers can partner farmers to develop projects under this scheme. They [...] Continue Reading »
Is Hyderabad facing the threat of losing its sheen as one of India’s preferred investment destinations and are investors worrying over their investments in the city after it has become capital of the country’s newest state of Telangana? Days after engineering giant L&T expressed concerns over the viability of India’s largest metro rail project coming [...] Continue Reading »
In the run-up to the elections, the Prithviraj Chavan government in Maharashtra has been busily allotting more floor space index (FSI) to real estate projects. The Urban Development Department accounted for the second highest number of files cleared by the Chief Minister’s Office across 49 departments between June and September this year. A total of [...] Continue Reading »
In a recent interaction with reporters at the Karnataka State Secretariat, Chief Minister Siddaramaiah said that Hero MotoCorp opted for Andhra Pradesh instead of Karnataka for its planned Rs 1,115-crore investment because the company was apparently enticed by the ‘free land’ incentive offered by Andhra Pradesh. Siddaramaiah – who is also the Industry and Commerce [...] Continue Reading »
As per Crisil Research, the Gurgaon Golf Course Extension micro market comprises sectors 49, 50, 55-63 and 65-69. This micro market accounts for 6 percent of the total planned supply in the National Capital Region (NCR). Golf Course Extension has gained prominence owing to easy accessibility to National Highway-8 (Delhi-Jaipur highway) and South Delhi via [...] Continue Reading »
The state government has issued a notice announcing the cut-off date for airport slum dwellers to be eligible for free housing as January 1, 2000, or any other date decided by the Airports Authority of India. The state is offering an FSI of 4 for the Slum Rehabilitation Scheme (SRS) and restricted the height in [...] Continue Reading »
A new committee formed by the Urban Local Bodies department will now sanction building plans for plots. The committee includes the chief town planner, senior town planner and MCG chief engineer among others. However, according to a senior official from the chief town planner’s office, getting building plans passed through this committee is going to [...] Continue Reading »
The congested Metro stations are soon going to make way for well-planned spaces that allow for smooth integration between vehicular, pedestrian and metro traffic. Years after the city government proposed converting Delhi Metro stations into multimodal spaces, the lieutenant governor on Thursday gave the go-ahead for turning 11 such Metro stations into integrated transport hubs. [...] Continue Reading »
Tata Housing today signed a revised agreement with the Maldives government to complete a housing project in Male being developed at an investment of about Rs 1,000 crore. The pact paves the way for resumption of construction work on the project that has been on hold for two years due to some issues over terms [...] Continue Reading »
