Realty News
The Central Bureau of Investigation filed a charge sheet against 13 accused people in the Adarsh Housing Society scam, including the former Maharashtra Chief Minister, Ashok Chavan, the former MLC, Kanhaiyalal Gidwani, senior retired Army officials and bureaucrats and a former employee of the Defence Ministry. Charge sheet has also been filed against senior bureaucrats [...] Continue Reading »
Owing to the reduced number of property sales, real estate developers of Mumbai are set to build smaller one bedroom flats. Market surveys and customer feedbacks have confirmed that there is a huge demand for 1 BHK flats. Therefore, around 1,000 one bedroom flats are being launched freshly in Mumbai. Hubtown Limited has launched 100 [...] Continue Reading »
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »
The Delhi government is planning to build 7,400 flats for the economically weaker sections in the Bhalswa-Jahangirpuri area. More than 10,000 flats built earlier under EWS scheme are still left unoccupied. Delhi Urban Shelter Improvement Board has approved the construction of 7,400 flats and a double-storey community hall in Trilokpuri. The cost of the hall [...] Continue Reading »
The residents of Doddanekundi are sick of the nearby polluting-factories. The members of Doddanekkundi Residents’ Welfare Association have been complaining to Karnataka State Pollution Control Board (KSPCB) regarding this issue for more than a decade but till now no action has been taken. Sources said Graphite India is one of the few units that have been [...] Continue Reading »
The President of a residents’ welfare association (RWA) allegedly assaulted one of the residents due to an argument over membership charges. The incident took place at a gated community, Sispal Vihar, on Sohna Road on Wednesday. Following the incident a group of tenants gave a complaint and a case was registered against the accused. The [...] Continue Reading »
The Mumbai home sales market has stagnated in June due to high prices and most buyers stop purchasing and expect the prices to come down. The Mumbai real estate market piles up with unsold inventory amounting to 80,000 units which forms 37 per cent of the total residential supply under construction. However, rising inventory with [...] Continue Reading »
The Mumbai apartments sale in the financial year 2012 dropped by more than 60% from its peak in 2007 and 35% from 2011. The city’s real estate market has stagnated with only 45,000 apartments sold in the Mumbai metropolitan region (MMR) during 2011-12, well below the market average of 80,000 units annually. A report released by Knight Frank research [...] Continue Reading »
The Anti-Corruption Bureau (ACB) will be inquiring Niranjan Hiranandani, the co-founder of Mumbai-based Hiranandani Group, with regard to a criminal complaint case filed against him in connection with suspected irregularities in a housing project. A special court has directed the ACB, while hearing the complaint filed by activist Santosh Daundkar against Hiranandani, for allegedly cheating [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
