Realty News
Commerce and Industry Minister Nirmala Sitharaman has said in a recent statement that the Government is mulling a proposal pertaining to the easing of the norms related to foreign direct investment (FDI) in the construction sector. With Sitharaman disclosing that the Government is currently working on a proposal under which FDI norms in construction development [...] Continue Reading »
The Lieutenant Governor has allotted Rs 1.25 crore for every village in each district of the Capital. This amount was earmarked to ensure overall development of the city. A budget of Rs 200 crore has been sanctioned by the rural development board for the current financial year 2014-15 for the purpose. The government has now asked [...] Continue Reading »
In an evident attempt to decongest towns and cities along the Bangalore-Mysore corridor, an 800-acre township is being planned by the Karnataka Government at Tubinakere, which is located between Mandya and Srirangapatna. The executing authority for the planned township in Tubinakere will be the Karnataka Housing Board (KHB). In a statement released to the reporters, [...] Continue Reading »
On Monday, September 8, a reprieve of 15 more working days was granted by the Supreme Court to the jailed Sahara chief, Subrata Roy. With Roy required to raise an amount of Rs. 10,000 crore to secure his bail, the reprieve has been granted by the SC to give him the time to seal the [...] Continue Reading »
The Ministry of Urban Development has revealed that, for its ambitious ‘100 smart cities’ initiative, a web portal will be launched for inviting the participation of all stakeholders – including the general public – in discussions pertaining to the initiative. According to the information shared by a senior official of the Ministry, the web portal [...] Continue Reading »
On Monday, the Noida authority stated that it is considering a proposal to build an 800-metre-long elevated road to ensure seamless connectivity for commuters travelling between Noida and Ghaziabad. This elevated road is proposed to be built above Chhijarsi village and Chhijarsi Crossing along the National Highway-24. This stretch witnesses massive bottlenecks in traffic especially during peak [...] Continue Reading »
At the 51st Annual General Meeting of the Indian Paint Association – which is a CII affiliate – in Kolkata on Monday, West Bengal’s Minister for Municipal Affairs and Urban Development, Firad Hakim, said that the State has made a strong pitch for 10 ‘smart cities.’ With regard to West Bengal’s proposal for 10 ‘smart [...] Continue Reading »
Presidency Infraheights, a Delhi-NCR based real estate developer, is coming up with its first flagship FDI-funded residential project called Presidency Heights on Sector 25, Yamuna Expressway, inside Jaypee Sports City. The project will offer 629 apartments in two and three BHK variants. It will also have a limited number of penthouses. The two BHK units [...] Continue Reading »
After successfully playing the role of a pioneer in affordable housing 14 years ago, Vastushodh Projects has now forayed into affordable housing for senior citizens. The project called SukhGram has been launched in Pune under the company’s UrbanGram brand. Sachin Kulkarni, managing director at Vastushodh Projects said the project would be an independent gated community [...] Continue Reading »
With the current proposals on slum rehabilitation around the Mumbai airport going nowhere, the civil aviation ministry is proposing a plan to relocate slum dwellers around the airport on the land to be freed, post the removal of slums. According to the civil aviation ministry plan, which has the approval of civil aviation minister Ashok [...] Continue Reading »
