Realty News
Ghaziabad Development Authority have already sealed 170 flats in the Amrapali Village in Nyay Khand-II in Indirapuram for violating the building bylaws. Now the authority is planning to conduct a survey to identify all illegal properties in Ghaziabad. After the completion of the survey, all such constructions will be demolished. The survey program will be [...] Continue Reading »
Due to insufficient fund allotments, the EMS housing projects in Kochi are having a hard time. Because of the fund scarcity, thousands of homeless families, who are currently staying in makeshift sheds, are unable to complete their house construction before the monsoon. The EMS or affordable housing projects are aiming to provide houses to all [...] Continue Reading »
The builders of Bhubaneswar are concentrating in building 1 BHK flats and most of the residential projects in Bhubaneswar contains 30 percent to 40 percent of 1 BHK units. According to an analysis almost 3,000 units of one BHK houses are in different stages of construction in the city. Most of the projects are coming [...] Continue Reading »
Nagpur Municipal Corporation has started the process to examine all buildings in Nagpur. This project verification program will be conducted for all old and new constructions in the city. The Nagpur Municipality has ordered the NMC‘s public works department to verify all the constructions and according to the nature of violation, the owners of the [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) said that there is a need for comprehensive reforms to check black money and corruption in the realty sector. CREDAI has been advocating for single window system for project clearances to cut down time and chance for corruption. CREDAI has recommended reforms in four key [...] Continue Reading »
The real estate builders in Mangalore see more foreign investment for the projects in Mangalore. The foreign investors are showing their interest in investing into Indian realty business as the price of Rupees is falling compared to US dollar. Due to rupee depreciation, a Rs 60 lakh worth of property in Mangalore now costs United [...] Continue Reading »
Vision India Real Estate has planned to invest Rs 1750 crore in two different apartment projects in Chennai. The company is currently developing a 680-unit apartment project at Padur near the Old Mahabalipuram Road (OMR) in collaboration with Gem Group. Vision India has planned to launch a villa, apartment and plotted residential project on 75 [...] Continue Reading »
The Rajiv Awas Yojana was announced in the 2009 budget. It was a government initiative to improve the living conditions for the urban poor through the construction of houses in India for the so-called economically weaker sections (EWS). A critical part of the program, amounting to one-fourth of such projects, is developing rental accommodation. However [...] Continue Reading »
Amalgamated Bean Coffee Trading Co. Ltd (ABCTCL) recently opened a luxury resort, The Serai Bandipur, in Karnataka under its Coffee Day Hotels and Resorts brand. In Serai Bandipur resort 24 rooms will be available. Along with a restaurant, a gymnasium and a spa is constructed for the visitors of the resort. Jeep rides, safaris, nature [...] Continue Reading »
Real estate in Mangalore will get another luxurious residential apartment named Summit. The apartment complex will be constructed by the Designer Homes. The project is strategically located at the summit on airport road, Mary hill, and a premium residential and commercial area of Mangalore. Summit will be constructed with all modern architecture and high quality [...] Continue Reading »
