Realty News
The government of India has planned to set up committee to evolve a workable strategy for reducing the time taken in approval of real estate projects in India. According to builders association, faster approval process can reduce the cost of any project between the range of 20 to 40 percent. The minister of housing and [...] Continue Reading »
The vacancy rate of the office space in the real estate market in Chennai is growing. Seeing the trend, builders are moving towards the residential space for sure returns. It is reported that more than 30 percent of the office spaces are lying vacant in the peripheral areas such as Old Mahabalipuram Road (beyond Perungudi) [...] Continue Reading »
Real estate market in Chennai was predominantly a market for 2BHK and 3BHK apartments. According to a recent survey, it is reported that villas in Chennai are more in demand than conventional apartments. The report also revealed that the demand for luxury and studio apartments is also catching up in Chennai. The report has said [...] Continue Reading »
The Himachal Pradesh high court has directed the state government to submit its report regarding efforts made by them to improve the condition of roads in the state. The road construction work taken by the government is going on a very slow pace. The residents of different areas are complaining about the same. The court [...] Continue Reading »
The Supreme Court had extended the stay on sand auctions in Vijayawada, so constructions of all projects in Vijayawada are suffering from the unavailability of sand in the area. Before the apex court issued the ban, the cost of sand was between Rs.3,000 and Rs.3,200. But soon after the ban was implemented the cost has [...] Continue Reading »
According to a report by a real estate analysis firm, the sale and launch of residential properties in Mumbai and its suburbs is still slugging. The rates of apartments are still on the higher side and the potential buyers are deferring their decisions and as an outcome the rental rates in Mumbai have started increasing. [...] Continue Reading »
The urban development department of Nagpur has proposed to reserve 20 percent of private apartments for the low cost affordable housing program. The builders of the city have opposed the proposal saying that it is government’s responsibility to provide affordable accommodation for the economic weaker section (EWS) of the state. The builders also said that [...] Continue Reading »
Vasathi housing is going to construct their second housing project under the affordable housing scheme. The residential project in Hyderabad will be developed at Chintal, which comes close to Balanagar and Kukatpally in the city. Navya, the affordable housing complex will have 190 apartments along with supermarket, polyclinic and pharmacy. The main aim of the [...] Continue Reading »
The Yettinahole water project will be launched by June 20th, as reported by a state government official. This water project will serve the purpose of providing pure drinking water for the residents of Kolar, Chikballapur, Bangalore Rural, Tumkur and Ramangaram districts. The estimated cost of the project is Rs 200 crore and the government has [...] Continue Reading »
