Realty News
The commissioner of Bruhat Bangalore Mahanagara Palike (BBMP), MK Shankarlinge Gowda, announced on Tuesday, that the authority is looking for more partnerships with realty developers in building houses for economically weaker sections (EWS) in the city. During the interaction of BBMP with Confederation of Real Estate Developers’ Association of India (CREDAI), Adarsh Developers M.D, BM [...] Continue Reading »
The Punjab and Haryana high court on Monday stopped issuing new licenses to developers in Gurgaon, because of the depleting groundwater situation, which has come as a relief to the residents in the area as they have been facing severe water crisis. Most of the Gurgaon is dependent on groundwater and more than 60 MGD [...] Continue Reading »
The Karnataka High Court on Tuesday directed the Commissioner of the Bruhat Bangalore Mahanagara Palike (BBMP) to file an affidavit on the plan of action relating to reconstruction of 1,640 flats for the eligible persons from economically weaker sections (EWS) at Ejipura. The BBMP had constructed 1,512 flats spread over 42 blocks and allotted them [...] Continue Reading »
Global real estate consultant Cushman & Wakefield has announced that they would be opening their new office, their 10th one in the country, in Ahmedabad. It bears testimony to growing Gujarat real estate market which has seen active industrial growth in the state in the last few years. Gujarat has seen a model growth in [...] Continue Reading »
In an expected reaction, industry body Assocham on Tuesday said the realty sector and investments in Haryana will be hit following the High Court order directing the state government not to issue permits for construction unless builders give in writing that groundwater will not be drawn by them. The body asserted that the order could [...] Continue Reading »
The Special Lokayukta Court on July 17 accused the Lokayukta police for not taking any action related to violation of rules by the Bangalore Development Authority (BDA). A complaint was filed by ex-councillor Lakshminarayana against the authority stating that BDA allowed conversion of land for residential purpose which was actually meant for maintaining a nursery. [...] Continue Reading »
Semi-private corporate rooms are built at the Unity Health Complex (UHC) in Mangalore. The chairman of New Mangalore Port Trust (NMPT), Dr P Tamilvanan, inaugurated the corporate rooms on July 17. The rooms are mainly designed for people of lower socio-economic status, with a patient-friendly nursing counter and various other facilities. Unity hospital is known for [...] Continue Reading »
The Kolkata Metropolitan Development Authority (KMDA), following the controversy over Pinki Pramanik’s plot off EM Bypass in Kasba, has decided to speed up work of preparing a report on the detailed status of all land sold off EM Bypass, including residential plots and flats. The KMDA has started work on preparing the status of land [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI), the apex body of real estate developers from across the country, expressed that the government’s policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. CREDAI National President, Lalit Kumar Jain said that the economy is in a bad shape [...] Continue Reading »
The draconian Urban Land Ceiling (Regulation) Act (ULCRA) was scrapped by the Maharashtra government four years ago, which still continues to be a bitter issue between the state and builders. Though nearly forty notices were issued from past one year by the state urban development department to return the tenements to government, many developers challenged [...] Continue Reading »
