Realty News
Builders of Kochi are discouraging the use of river sand and are maximizing the use of m-sand for constructions . The builders association has directed all the construction in Kochi to be done with the help of m-sand, and they are limiting the use of river sand only for plastering. The builders took the decision [...] Continue Reading »
Nandi Infrastructure Corridor Enterprise Limited has raised a private equity fund for the Bangalore-Mysore expressway.The total estimated cost of construction of the highway is Rs 4000 crore. The Bangalore-Mysore Expressway project which has been in the making for nearly 16 years, raised $100 million from a private equity fund owned by J P Morgan for [...] Continue Reading »
The largest real estate builders in India DLF will sale its Aman Resorts. The builder took the decision to reduce its rising debt. DLF is trying to reduce the burden of $4.2 billion debt by selling its non-core assets. DLF is hoping to get a value close to $ 400 million from the Aman Resorts [...] Continue Reading »
The growth of the real estate market in Ghaziabad and Meerut has increased the rising opportunity for the marble retail business in the area. The marble industry in India has been flourishing since the real estate started growing in the Indian market. Now India is one of the foremost marble markets in the world. The [...] Continue Reading »
The residents of Gurgaon are facing water crisis. To avoid people from wasting potable water, the authorities have decided to act tough. Last month the Haryana Urban Development Authority (HUDA) has fined 12,000 people for wasting potable water. The defaulters were penalized for using potable water to wash cars, terraces and maintain green belt areas. [...] Continue Reading »
An illegally constructed multi-storey commercial complex on the government’s land has been demolished by the district authorities in Mysore. The structure was lying vacant for the past two years. Once the government has identified the land as government property, they started demolishing the structure. Srinivas, a resident of Kumbarkoppal, approached High Court and then to [...] Continue Reading »
The Punjab Department of Local Government has ordered to stop all construction activity in village Kansal. The order came after the order given by the Punjab and Haryana High Court banning fresh construction in the Sukhna catchment area. As Kansal village falls within the Sukhna catchment area and the Nayagaon Notified Area Committee (NAC) is [...] Continue Reading »
Kondapur and its surrounding pockets such as Madhapur, Hi-Tec City and even Gachibowli are inhabited by professionals from the corporate world who reside in the many towering apartments. The apartments are full of residents migrated from the entire India. Water has been a perennial problem in these parts of town with the situation worsening overt [...] Continue Reading »
The private equity fund of IIFL has planned to invest in a central Mumbai slum redevelopment project. The PE fund, IIFL Real Estate Fund has committed to invest Rs 80 crore in a housing society-cum-slum-redevelopment project in Mumbai’s Sion Koliwada area. The redevelopment project will construct about 1.2 million sq ft sale able space. The [...] Continue Reading »
The state government has proposed to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region. With this decision the builders will get the chance to construct more apartments, which will definitely increase the supply of the properties in Mumbai region. The government officials have confirmed that the decision to give [...] Continue Reading »
