Realty News
Notwithstanding the current predicament about the effect of recent court order on the real estate market of Gurgaon, studies reveal that Gurgaon has witnessed issuing of around eight licenses every month.Two out of three licenses granted in the state of Haryana are from Gurgaon, which include commercial, residential and plotted projects, as being highlighted in [...] Continue Reading »
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
Two labourers were killed and several others were injured when an under-construction building collapsed in west Delhi in Kirti Nagar area. The building owner has been arrested and two engineers have been suspended North Delhi Municipal Corporation for allowing the illegal construction following the incident. According to police, the owner had been adding to the [...] Continue Reading »
As for the quarter ended June 30, 2012, Mahindra Lifespace Developers Ltd (MLDL) has posted a 72 per cent rise in net profit. The strong position of the company is reflected in its operating expansion as it has launched the second phase of its project at Nagpur. Also, during the quarter, it has acquired two [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) had released the draft master plan for the extended area of Hyderabad Metropolitan Region on July 22, 2011. Then they invited objections and suggestions on the draft master plan from citizens. A year has gone by, and the authority has not even finalized the applications which have to be [...] Continue Reading »
The escalated price of properties in Mumbai has been much speculated upon and as noticed by the analysts, real estate prices in Mumbai are unlikely to fall due to limited supply. According to the chairman of Oberoi Realty, a major realty player, the present scenario is due to the fact that input costs and raw [...] Continue Reading »
Big corporates have seemed to put emphasis on making their new projects accessible, comfortable and user-friendly for the elderly and the handicapped people. Ansal Unitech, DLF, Tata Housing, SVP Developers are designing their residential, even commercial buildings imbibed with barrier-free design with easy and convenient passage to different sections of the home in order to [...] Continue Reading »
The Municipal Corporation of Gurgaon (MCG) has decided to demolish 400 unauthorized constructions in the city. The MCG has planned the demolition drive on the weekend keeping in mind the availability of the police force. So far only 13 have been demolished, out of the 400 unauthorized constructions identified by the MCG. The deputy commissioner [...] Continue Reading »
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
The AP State Disaster Response and Fire Services department has planned to tighten fire safety norms for the non-high-rise buildings. Hence, owners of non-high-rise buildings would have to obtain a license from the department for their property and have to pay a fee after providing fire-fighting equipment on their premises. The department will check the [...] Continue Reading »
