Realty News
Landowners in Greater Noida will be hit hard if the Greater Noida Industrial Development Authority (GNIDA) changes its building bylaws. A new proposal, likely to be approved in the next board meeting, will make it mandatory for plot owners to build approved structures on their plots within five years of allotment, failing which could lead [...] Continue Reading »
Annapurna Builders and Developers have come up with a premium residential project, White House Celestia, which is expected to be ready in about 15 months, at Banajara Hills in Hyderabad. The project has 30 units in combinations of three BHK and four BHK, and prices vary between Rs 2 crore and Rs 3 crore. According [...] Continue Reading »
On Monday the Greater Noida authority clarified that it had not allotted land to any developer to sell apartments to members of only one particular community. The Greater Noida authority does not make decisions based on caste, creed or community and this allegation is baseless. The realtor also washed his hands of the controversy and [...] Continue Reading »
There seems to be no place for the poor in the Millennium City in Gurgaon though they have played an important role in its development. Apparently the authorities are trying to lessen the number of slums and provide affordable housing to the people from the economically weaker sections (EWS) of the society by continuously making [...] Continue Reading »
The vice-chairman of DDA, Balwinder Kumar, has ordered a month-long drive for sealing as well as removal of all the unauthorised constructions. This was done in the wake of rampant construction of unauthorized rooms and alterations being carried out by various occupants of DDA flats at D-6, VasantKunj. This is a norm in Delhi to [...] Continue Reading »
The Centre on Wednesday said the forthcoming visit of the Chinese President is expected to bring about a directional change in the relationship between the countries in addition to boosting trade and investments. Commerce and Industry Minister Nirmala Sitharaman said that some announcements are expected during the visit with regard to setting up of industrial [...] Continue Reading »
Ahead of China President Xi Jinping’s visit to the country, Beijing is showing a renewed interest in India infrastructure sectors, especially in winning road-building contracts. Sources said many Chinese teams have met road transport and highways ministry officials in recent weeks and have conveyed their interest in India’s large road projects, including those in which [...] Continue Reading »
In a move that will hasten decision-making, the Centre on Wednesday empowered Central Ministries and Departments to clear projects up to Rs 1,000 crore by themselves. Earlier, the limit was Rs 300 crore. The Government has raised the limit by amending the Transaction of Business Rules for the Cabinet Committee on Economic Affairs. The move [...] Continue Reading »
Tata Steel expects rising demand for affordable housing in the country to drive growth for its pre-fabricated construction solutions. The company introduced its low-cost, pre-fabricated housing solution, Nest-In, last year and saw good initial response in the Indian market, a company official said. We see this as an upcoming technology that could address the vast [...] Continue Reading »
India Infoline Finance Ltd, the non-banking finance company (NBFC) of financial services firm IIFL Holdings Ltd, has closed three back-to-back real estate investments in projects in Mumbai, said people familiar with the development. India Infoline Finance has put in around Rs 260 crore across these three deals primarily in the form of loans to developers, [...] Continue Reading »
