Realty News
The urban development minister‘s plan of keeping Delhi Metro fares down by generating revenue through property development could be a non-starter. More than a decade after starting services, Delhi Metro has generated a little over Rs 900 crore against a target of over Rs 2,500 crore. More than Rs 700 crore of that revenue was [...] Continue Reading »
The hundreds of crores homebuyers have invested in Noida are safe. The Centre’s draft of the redrawn eco-sensitive zone around the Okhla bird sanctuary doesn’t affect any realty project in the area, a highly placed official in the UP government said on Sunday. T The draft proposes a no-construction zone extending 1.27km from the sanctuary [...] Continue Reading »
The Union Ministry of Housing and Urban Poverty Alleviation plans to map the needs and requirements for affordable housing. They plan to work closely with all the stakeholders in promoting Green Affordable Housing. They also plan to work with the State Governments closely so that the project can be executed with efficiency. The ministry has proposed to [...] Continue Reading »
The Maharshi Dayanand University Teachers’ Association (MDUTA) has alleged that the state government got a bypass road and railway over bridge constructed through the university campus to favour a private builder whose township is located nearby. The road from the Delhi bypass towards Jhajjar was initially proposed to be constructed along a private township located [...] Continue Reading »
Honourable finance Minister Arun Jaitley had introduced FDI in real estate during the maiden budget presented on July 10, 2014 and the contours of the guidelines were finalised in the last few months. It seems that it was a successful move as many countries are already investing in the infrastructure and real estate in India. [...] Continue Reading »
Legal action against 36 persons was initiated by the office of the HUDA (Haryana Urban Development Authority) Estate Officer as they acquired plots against “false” affidavits over the past several years. Estate Officer Satpal Singh stated that 16 FIRs have already been registered on HUDA’s complaint and very soon they will register the rest. The plot holders [...] Continue Reading »
The announcement of building 100 smart cities by the government has created a lot of ripples among the corporate world and many MNCs like Otis Elevators, Johnson Controls Etc. want to board the bandwagon of this infrastructure growth. Now Schneider Electric is the newest entrant in this sector. Schneider Electric has announced that they want to [...] Continue Reading »
Last Monday (September 1), the Rajasthan High Court,stayed the hike in toll on the Jaipur-Delhi national highway. This stay order will remain till such time the National Highways Authority of India (NHAI) and the operator file an affidavit confirming that the road is in good condition. They also have to confirm that a proper and maintained [...] Continue Reading »
Synergy Property Development Services, a Bangalore-based project management consulting and turnkey solutions company, has signed a memorandum of understanding (MoU) with Malaysia-based HSSI. This firm is an engineering consultancy practices company, and this MoU was signed for a strategic partnership to collaborate on real estate and infrastructure development projects in Malaysia, South East and Far East [...] Continue Reading »
The Centre on Monday announced the setting up of two bio-technology parks and a most modern weather forecasting system in Jammu and Kashmir. This will be done in the backdrop of the upcoming assembly elections in flood-hit Jammu and Kashmir. The objectives of setting up the Biotech Parks are to utilize the medicinal plant, photo [...] Continue Reading »
