Realty News
A crude sutli bomb exploded at city builder Sunil Jejani’s front yard at Chakenya Layout, the intensity of which led to panic among nearby residents. When the blast took place, Jejani was having dinner with state minister Nitin Raut at their residence. On being informed by his family, Jejani and Raut rushed to the spot [...] Continue Reading »
Resident Welfare Associations (RWAs) across Noida have taken an initiative to survey all the sectors and make residents aware of tenants and servants verification. This move was developed following the murder of a jeweler by his servant on July 2 in sector 50. Vimal Sharma, the president of RWA sector 50, said that, on July [...] Continue Reading »
A local court in Bangalore has issued a non-bailable warrant (NBW) against Karnataka Forest Minister, CP Yogeshwar, after he failed to appear before it in connection with Mega City Scam cases filed against him. The minister was allegedly involved in 14 cases concerning the Mega City Builders and Developers Ltd. (MDBL), Bangalore. The firm had [...] Continue Reading »
Foreign investors are funding Indian real estate market after the release of Press note 2 in 2005 which opened up construction and development for Foreign direct investment (FDI). Many investors who had invested at that time, largely in residential sector, are now heading towards maturity and are withdrawing their prime investments. According to a report [...] Continue Reading »
Buyers staged a protest in Greater Noida for lack of transparency in the system as developers were booking houses and plots without getting layout plans approved by Yamuna Expressway Authority. They demanded that the Authority has to upload the status of developers and their projects in their area on their official website. On Wednesday, buyers [...] Continue Reading »
Mumbai Metropolitan region (MMR), which normally has an annual flat sales average of 80,000 units, declines with only 45,000 apartments sold in the year 2011-12. According to the Knight Frank research report released on Thursday the market has an unsold inventory of 80,000 flats valued at Rs 1.05 lakh crore. Sales in the financial year 2012 [...] Continue Reading »
Sobha Developers, a Bangalore-based leading real estate company, on Friday revealed that it has sold properties worth Rs 479 crore in the first quarter of this fiscal, up by 58% from the same period last year. In the first quarter of 2011, the firm had sold properties worth Rs 302.7 crore. For the quarter ended [...] Continue Reading »
Files of real estate projects are piling up at the Hyderabad Metropolitan Development Authority (HMDA) for the past two months waiting for approval. The new metropolitan commissioner Neerabh Kumar Prasad is said to be sending the files back to the developers red-marked with query after query so that the files stay in endless cycles. The [...] Continue Reading »
The residents of the Malaysian Township project in Hyderabad are enraged by the attachment notice issued by the local Income Tax (I-T) department on 13th of June. The department issued an attachment order on the developer of the township, Swarnandhra-IJMII Integrated Township Development Company Pvt Ltd (SITCO), for nonpayment of tax of Rs 54 crore. [...] Continue Reading »
CBI is presently concentrating on ‘benami‘ owners of flats and it claimed that a senior politician had involved in those transactions. According to sources, an intense investigation has been carried on by CBI with regard to the case and certain details have been shared with the Enforcement Directorate to check the money trace into the [...] Continue Reading »
