Realty News
The Southern Command authorities will construct 1175 apartments in Pune. The apartments will be constructed for the defense personnel. All the apartments will be constructed over a period of three years. The construction of the apartments will be done on the same land where the post-retirement bungalow was constructed for the president of India. As [...] Continue Reading »
LIC Housing Finance Ltd has planned to invest in the real estate market in Bangalore. For that purpose they have raised Rs 250 crore by a real estate private equity fund. According to a higher official of the equity firm, the amount is mostly raised from the institutional investors like banks and corporates. The equity [...] Continue Reading »
The Municipal Corporation of Nagpur has planned to introduce new modified NOC for the high rising apartments in Nagpur. The updated NOC needs to be collect by the new buildings with a height of over 25 meters. The standing committee will approve the new NOC structure for the fire safety. NOC from the fire safety [...] Continue Reading »
The Supreme Court has upheld the AP high court ban on sand quarrying. However, the contractors of Maharashtra are continuously excavating sand from areas of Nizamabad district. Construction activity of real estate in Mumbai are coming to a grinding halt due to the court’s order, the sand mafias are illegally extracting sand for getting higher [...] Continue Reading »
Smart living is adding competitiveness to the apartments in Bangalore. The developers are constructing more smart homes to attract home buyers for the new upcoming projects in Bangalore. Recently launched project Sobha Habitech by Sobha Developer is a major example of Smart Homes in Bangalore. According to the builders the smart home is the one [...] Continue Reading »
The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
The construction of a 61-storey structure under the Slum Rehabilitation Authority (SRA) scheme has stopped. The construction was started on Eastern slopes of Cumballa Hill by Halkara Builders Pvt Ltd. The builder has stopped the construction of the apartments as the land is slide prone. There is another apartment which stands above the slopes on [...] Continue Reading »
The Maharashtra government, plans to implement the recommendations of the Asthana Committee in the rental housing project. The project involves construction of 5 lakh flats in Mumbai Metropolitan Region (covering some areas in nearby districts) and giving them out on rent. The rent for these flats is expected to be Rs.800 – Rs.1,500. The rental [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) had conducted MHADA lottery in 2010 to sell its flats, but the lottery winners haven’t got their flats yet. It was the third time MHADA conducted the lottery scheme in order to allot flats in Mankhurd-Mandale belt. Since then, around 3000 lottery winners are still waiting to shift [...] Continue Reading »
The Delhi Development Authority (DDA) and Delhi Metro Rail Corporation (DMRC) have been asked by the Delhi High Court, to stop the construction of a multi-storied housing society near the University of Delhi. The university had leased 3 hectares of land to DMRC for the construction of Vishwavidyalaya Metro Station and Mass Rapid Transport System [...] Continue Reading »
