Realty News
Hyderabad- One of the renowned property development firm, Mahindra Lifespace Developers (MLDL), had been focusing on the medium and premium residential projects and has now decided to come up with affordable housing projects. The firm has decided to merge with micro finance institutions and banks to initiate the affordable housing projects. Mahindra has already set up its rank through World City projects at Chennai and Jaipur [...] Continue Reading »
Recently, Writer Realty, the real estate branch of Writer Group has brought a two-acre of land for Rs 200 crores in Bandra. The company is planning to utilise this land for mixed-use residential purpose. By next year they are planning to launch a luxury residential project which will be located near Pali Hill. There was a [...] Continue Reading »
Kolkata- Credit Information Bureau (India) Ltd (CIBIL) and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) are together planning to offer a single window facility to check credit worthiness and legal status of property to lenders. The two organizations have planned to sign an agreement on 10th December. Once the [...] Continue Reading »
The Pune Municipal Corporation (PMC) is to develop a garden based on the Hollyword movie ‘Avatar‘ in Sahakarnagar. The civic body has appointed Mr Nitin Chandrakant Desai, a famous art director to work on the project. The project includes erecting life-size statues of characters from the science-fiction movie. Six life-size statues will be erected in [...] Continue Reading »
The civic body continues with the illegal construction demolition drive in Parvati and Dattawadi areas and has vacated around 2100 sq ft land. The Pune Municipal Corporation (PMC) has sent notice to the residents who added unauthorized floors to their houses or complexes and asked them to demolish the illegal constructions. The PMC’s anti encroachment department will [...] Continue Reading »
New Delhi- In a recent announcement made by Agro-chemical firm, Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra. Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as [...] Continue Reading »
The standing committee has approved a proposal suggesting land allocation to the Maharashtra Natural Gas Company, because the number of gas stations are less in compared with the demand for the Compressed Natural Gas. Baburao Chandere, chairman of standing committee said that one gas station will come up at Katraj with land measuring 750 sq [...] Continue Reading »
Bangalore- Rajesh Exports, one of the country’s top three gold jewellery exporters, seems to have initiated discussion with real estate developers. The jewellery exporter, with revenue of Rs 25,000 crore in 2011-12, is understood to have finalised a plan to leverage on its vast land bank, worth around Rs 2,000 crore. The exporter is presumed [...] Continue Reading »
In 2008, conveyance deed was first introduced in the real estate market to protect the interest of home buyers. But this year, hardly 1,200 housing societies have applied for conveyance certificate out of 88,000 and only 700 of them got the deed. The Chief Minister Prithviraj Chavan in a recent meeting said that a statewide drive will [...] Continue Reading »
Coimbatore- Earlier, the civic body had passed a proposal to construct skywalks in front of railway station, Ukkadam, Coimbatore Medical College Hospital and in front of the new bus terminus on Mettupalayam Road for pedestrains to cross the busy traffic. But now the civic body has dropped the plan of constructing the skywalks near Mettupalayam bus stand [...] Continue Reading »
