Realty News
The builders have expressed their displeasure over the delay they have to face while getting environmental clearance. Developers body, Confederation of Real Estate Developers’ Associations of India (CREDAI), says that the environment clearance delays projects by almost two years. While developers’ body is pushing for a practical approach by the environment ministry, so that the [...] Continue Reading »
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
Realty sales is to begin soon in newly regularised colonies of Delhi. The Delhi government has announced that it will start registering properties in the recently regularized colonies. However,only those properties that have attained general power of attorney (GPA) registered before October 2011 will be eligible for registration. Through this, the Delhi government has started [...] Continue Reading »
Property developer Akshaya Homes and Kotak Realty Fund have reportedly signed an agreement to develop Kotak’s 20-acre plot on Old Mahabalipuram Road (OMR), Chennai. As per the deal, Akshaya will take possession of 80 per cent of the developed land on completion of the project and Kotak will possess the rest 20 per cent. The [...] Continue Reading »
A recent survey shows that real estate sector remains the preferred asset for investors in India. It is being followed by gold and silver. The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in properties and gold or silver. Given the uncertain economic [...] Continue Reading »
A Group of Ministers (GoM) has cleared the long-delayed controversial Land Acquisition Bill. This will pave the way for its introduction in Parliament in the forthcoming winter session. Developers body National Real Estate Development Council (NAREDCO) said welcoming the move that land aggregation would be easier with the panel of minister’s proposing that consent of [...] Continue Reading »
Flat owners of cooperative housing societies in Noida are finding it difficult to meet the deadline set by Noida Authority. In September, Noida Authority had set a deadline of three months for owners of flats in these societies to get their properties registered with the Uttar Pradesh Stamps and Registration department. However, the residents have [...] Continue Reading »
Affordable housing has been an issue of concern for government and policymakers. There is a serious scarcity of homes for people who have an income of under Rs 10,000 per month or even less. 12th Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units and [...] Continue Reading »
Puravankara Projects Ltd, a Bangalore-based real estate company, has launched a premium project. Purva Whitehall, a Rs 300-crore ultra premium segment project is located on Sarjapur main road in Bangalore. The Purva Whitehall is a four lakh square feet project comprising of 192 units, including three and four bedroom apartments ranging from 1,867 sq feet [...] Continue Reading »
The business deals between Robert Vadra, the son-in-law of Congress Party president Sonia Gandhi, and DLF Group has come under scanner for the last few days. Amidst all the political ruckus, new information reveals that Vadra had bought 41 premium apartments from DLF but subsequently sold most of them at a profit. All the apartments [...] Continue Reading »
