Realty News
The Pune real estate sector is witnessing a fast track growth as it has undergone a constant transformation over the last few decades – from a simple, rural community to a military base, and on to one of the most sought-after cities for property. With the city becoming more industrialized, the market for residential, business [...] Continue Reading »
An environmental researcher, Arshinder Pasricha, has been raising her voice against residents’ burning of leaves practice in Mohali for the past couple of months. Few of the Resident Welfare Associations have also joined her in this effort. She says that usually, the employees of the Municipal Corporation burn leaves and other related stuff. But now, [...] Continue Reading »
Eastern Financiers is buoyant on LIC Housing Finance. It recommends buying rating on the stock with a target of Rs 329 in its July 2, 2012 research report. LIC Housing Finance (LICHF), promoted by LIC of India, is one of the largest players in the nation’s housing loan segment.In addition of having a widespread network [...] Continue Reading »
The Greater Noida master plan has been approved by the statutory committee of the NCR Planning Board (NCRPB). The developers in Noida Extension said that the construction of residential projects which were put to halt could be resumed. They are waiting for the committee’s recommendations to be approved by the board. But the farmers are [...] Continue Reading »
The state government of Maharashtra has rejected Mhada’s proposal of allowing flat owners to lease out their houses within the five-years lock-in period. The state expressed its opinion that by allowing this move, people looking at low-cost houses as an investment opportunity will be encouraged. Meanwhile, it will be unfair to those who are homeless. [...] Continue Reading »
Protesting the forceful acquisition of 227 acres of land by the government to set up the proposed Indian Institute of Management (R) and Central Law University, the students, along with parents, have been sitting on a ‘dharna’ since March 4. Though the villagers live in extreme poverty they are not academically weak. But due to [...] Continue Reading »
The former Chief Minister of Maharashtra, Ashok Chavan, on Saturday passed the blame to Union Science and Technology Minister, Vilasrao Deshmukh, for granting permission to the Adarsh housing society. Mr. Chavan said that Mr. Deshmukh, the then Chief Minister, had allotted the government land, regardless of the land valuation. He also blamed Finance Department suspecting [...] Continue Reading »
Chennai-based real estate developer, Omshakthy Agencies, has proposed a new 150 acre gated mini-township project at Tirumudivakkam near Chennai. It is planning to raise around Rs 150 crore through the private equity (PE) route for the project. The initial investment is expected to be around Rs 300 crore, of which 50 per cent would be [...] Continue Reading »
The Indian developers mainly target luxury, high-end and upper-mid housing segment. Meanwhile the housing requirements of the lower middle-income and lower income groups that are grossly neglected in India. There is an ever-growing housing shortage since the cities fall short of planned housing for low-income group. According to the report by real estate services firm [...] Continue Reading »
Mumbai land prices have grown higher and higher along with the time. Underhand and shady land dealings are a part of Mumbai real estate industry. A Madhya Pradesh government-owned company had sold a prime eight-acre plot for Rs 1.75 crore to a little-known builder a decade ago. The same land, when it was resold to [...] Continue Reading »
