Realty News
The members of Citizens’ Action Forum, HSR RWA Federation, RTI activist and several other residents forum have decided to take up the Agara lake restoration project by themselves. As recently, the High Court has cancelled the Agara Lake’s PPP contract, the residents staying around agara lake have decided to save the lake. They all agreed [...] Continue Reading »
A five-bedroom flat in the Commonwealth Games Village was sold at Rs. 7.3 crore to the Delhi State Cooperative Bank. The Delhi Development Authority opened bids for the 110 flats in the CWG village. Public sector units and banks made the winning bids for as many as 87 apartments. The State Bank of India led [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) has announced that the builders associations in India may go on a strike in October. The builders association in India wants the Government to resolve issues related to delay in sanctioning of projects in India, and to control the ever increasing price of cement and [...] Continue Reading »
After the UP government cancelled the Greenfield airport project at Jewar in Greater Noida, the property prices around Noida and Greater Noida slumped by 25 to 30 per cent. The Yamuna Expressway‘s returns were linked to a large part on the development of the airport at Jewar and the consequent traffic generated on this highway. [...] Continue Reading »
The government of India is planning to check the generation of black money in the real estate sector in India. In order to do that the government again suggested to introduce the tax deduction at source (TDS) on sale-purchase of properties in India. In a Paper on black money prepared by the Finance Ministry, it [...] Continue Reading »
Low-lying high tension (HT) power cables can be touched from roof tops of various apartments in Chennai. According to norms, all overhead cables should be replaced with underground ones wherever possible. But in many areas like Cantonment Pallavaram, Pammal, Anakaputhur and Nagelkeni in Chennai, the HT power lines can be seen on the top of [...] Continue Reading »
Cost of apartments in India has increased as well as the rate of interest on housing loans in last couple of decades. But according to the HDFC Ltd, the affordability of purchasing a home in India also has been increased. In an analysis the financial institution has found that a home buyer, on an average, [...] Continue Reading »
The water content of Hyderabad has been reduced by the increase of the real estate projects in Hyderabad. As drilling machines digging deep into the ground to lay foundations for the high-rises in Hyderabad, the water-table has receded dangerously. Most of the developers have violated all building norms leaving little open space for the rain [...] Continue Reading »
It is a known fact that property in rapidly-developing cities as Bangalore will find demand across all price points. At this point of time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term [...] Continue Reading »
The Ghaziabad Development Authority (GDA) has sealed 170 flats at Ghaziabad under the Amrapali Village Apartments in Nyay Khand-II, Indirapuram for violating building bylaws. The authority has found that the builder illegally constructing two towers with 68 and 102 flats inside its already existing Amrapali Village housing complex in Indirapuram. An inspection team has found [...] Continue Reading »
