Realty News
The smart cities project is a long-term plan and expecting results overnight will be immature, Union Urban Development Minister M. Venkaiah Naidu said here on Friday. He indicated a larger, dominant role for the States in the project with the Centre playing only a supporting role. Naidu said that contrary to popular perception, the project [...] Continue Reading »
Industrial and infrastructure project proposals will get security clearance within 12 weeks as the Home Ministry has streamlined the process by issuing a detailed guideline in this regard. The decision has been taken as part of the Narendra Modi government‘s push for attracting FDI for infrastructure projects and setting up of industries, which is expected [...] Continue Reading »
The Tata Group has put in place a centralized platform to collaborate and tap synergies across its 100-plus group companies to boost growth and save on costs. Tata Sons, the apex investment holding company of the tea-to-telecom conglomerate, has set up “clusters” and “enablers” to leverage on group companies’ resources, strength and expertise to maximize [...] Continue Reading »
Around 400 projects across the Mumbai Metropolitan Region (MMR) are awaiting appraisal for environment clearances since July since the regulatory body has remained non-functional for two months. These projects not only pertain to real estate development, but also to information technology parks, commercial hubs, college expansion and hospital revamp plans. They are pending appraisal by [...] Continue Reading »
The rules for the much-awaited real estate regulator that were notified by the Maharashtra government on Saturday has a significant provision that allows home buyers of a stalled project to form a legal entity that can assume the complete control of the construction process. Maharashtra is all set to become the first state in the [...] Continue Reading »
After the adoption of an aggressive stand in its election campaign, accusing the Congress on the change-of-land use (CLU) issue, the INLD is finding it difficult to cash in on the issue after what the Punjab and Haryana High Court did by cancelling the land allotted to realty giant DLF. The INLD has gone on [...] Continue Reading »
Scotch any idea of zipping through a dedicated bus corridor through the twin cities at the start of next year. The much-touted Hubli-Dharwad bus rapid transit system (BRTS) project, which envisaged a 22.25-km-long corridor between Hubli and Dharwad and dangled the promise of segregated bus ways, controlled bus stations, off-board ticketing through smart cards and [...] Continue Reading »
The Delhi Development Authority (DDA) housing scheme is a big lottery for Delhiites, and applicants, it appears, are not taking any chances. After opening to a huge response from the public, the sale of forms for the DDA housing scheme 2014 has hit a slump. The reason is the beginning of the ‘Pitra Paksh’ or [...] Continue Reading »
When 65-year-old Ranjana Kamble, who has lived for over two decades in a tiny shanty in Dharavi’s Shatabdi Nagar, moves into a brand new ‘1 BHK’ flat in a multi-storey building in the coming weeks, Maharashtra Chief Minister Prithviraj Chavan will no doubt want to present the relocation as a feather in the cap of [...] Continue Reading »
The Indian property market went through a bull run in the last decade, with prices in most major cities sky-rocketing. However, fortunes of the country’s largest property developer DLF have been less than spectacular over this period. The company’s share price, which crossed Rs 1,000 per share in early 2008, trades at around Rs 175 [...] Continue Reading »
