Realty News
The Maharashtra Housing Bill 2012 has finally been passed by both Houses of the Maharashtra legislature, which sets the stage for the development of the country’s first housing regulator and appellate board with substantial powers to protect the consumer and penalize the builders in case of any offense. The Bill has laid down the rules [...] Continue Reading »
Recently a wetland at Pirtala in Kolkata Municipal Corporation (KMC) area has been filled up in broad daylight and been allocated into plots by land sharks and are being sold at Rs 3.25 lakh per cottah. Located in Chowbaga, the 52-bigha waterbody was filled with marsh around. In the summer, the water dried up, leaving [...] Continue Reading »
The CBI on July 16 told the CBI court that a part of the missing Rs 300 crore in the Vanpic port project deal was invested in YS Jaganmohan Reddy’s firms. Ras Al Khaimah (RAK) government which had entered into a deal with state government to construct Vanpic project gave Rs 450 crore for land [...] Continue Reading »
DLF, India’s biggest real estate firm, which is looking to divest its non-core assets to trim debt, has reportedly reached an understanding with the Lodha Group to jointly develop its 17-acre Mumbai Textile mill plot. DLF had bought the land from the National Textiles Corporation for Rs 702 crore in 2005. It has since considered [...] Continue Reading »
The Punjab and Haryana high court order barring developers from using ground water continues to draw sharp reaction from developers. The developers blamed the government stating that in spite of collecting external development charges (EDC) and infrastructure development charges (IDC) from them, the government has put them in a precarious situation. They argued that Haryana [...] Continue Reading »
Even though the realty sector of India is witnessing a slowdown, Ahmedabad real estate seems to bag 50,000 new residential units in the mid-segment category in next two years. Commercial space absorption rate has outdone the pre-recession levels in the city. This market overview of Ahmedabad was released by one of the leading real estate [...] Continue Reading »
A real estate consultancy report highlights that while commercial rentals in one-time high streets like SG Highway and CG Road in Ahmedabad saw a marginal increase of 4 to 6 per cent, for Prahaladnagar and Law Garden it jumped to over 20 per cent on year-to-year basis. The focus seems to be moving away from [...] Continue Reading »
The old constructions at Talkatora Road and North and South Avenue will be demolished by Central Public Works Department (CPWD), in order to make space for modern apartment complexes. A bungalow at Talkatora Road will get replaced by a seven-storeyed apartment complex housing 14 flats and a multi-purpose hall on the ground floor. These flats [...] Continue Reading »
Even though the real estate sector has not been doing very well, the Andhra Pradesh government is planning to revise the market values of agricultural and urban lands from August 1. The move is taken to increase the revenue to the department of Registration and Stamps by raising the registration fee and stamp duty, which will [...] Continue Reading »
Chief Minister Prithviraj Chavan has asked the Pimpri-Chinchwad Municipal Corporation (PCMC), at a discussion in the Assembly on Monday, to provide a report in connection with the increase in cost in construction of low-cost flats for poor. The cost of flats being constructed in different parts of the city had been generating a lot of [...] Continue Reading »
