Realty News
With the order by the Supreme Court (SC), DLF builders stopped the construction of the Kalka-Pinjore Urban Complex. The villagers of Islamnagar files a special leave petition challenging the land acquisition. The Haryana Urban Development Authority (HUDA) also has to stop its construction activity on the same land in question. Earlier the high court had [...] Continue Reading »
The UP government will speed up the construction of another bridge over Ganga connecting Samneghat with Ramnagar. The construction of the bridge had started in January 2007. But after the change in the political scenario of the state, the construction work was halted. As the work is taken with urgency, the construction of wells for [...] Continue Reading »
The real estate is the second largest employment generating sector in India. The builders associations are demanding for a special status on a par with industry for this sector. NAREDCO (National Real Estate Development Council) and CREDAI (Confederation of Real Estate Developers’ Association of India) made several representations to the Union government demanding special status [...] Continue Reading »
The private equity fund ASK Property Investment planned to raise $ 250 -300 million fund for investing into real estate in India. The company has already set up the fund raising program for $ 40 million from its Singapore subsidiary. ASK property is constantly looking for investment opportunities in the domestic real estate markets. They [...] Continue Reading »
The cost of construction is increasing in Coimbatore. The increasing cost of construction material as well as the cost of labour has guided the rising curve for the properties in Coimbatore. Due to the scarcity of land the construction of the properties are moving towards the suburbs of the city. The cost of land in [...] Continue Reading »
The students come down for studies and work are preferring renting apartment in Bangalore rather than staying in a Paying Guest (PG) accommodation. Few years ago, PG was in high demand as students found it more affordable and comfortable to live in. However, with the time progressing it has been learnt that PG has transformed [...] Continue Reading »
In Mumbai, according to the recent real estate report it was revealed that around 35000 housing sectors is kept unsold! The real estate developers and builders are more worried about the unsold apartments in Mumbai city. The total value of unsold properties in Mumbai is around Rs 8,535 crore and it has been predicted that [...] Continue Reading »
The Maharashtra Chamber of Housing Industry (MCHI) has blamed state government for not keeping track of affordable housing stock in Mumbai. Also, MCHI in collaboration with Confederation of Real Estate Developers Association of India (Credai) had signed a deal to construct 5 lakh homes by April, 2010. Mumbai being the costliest city in India offers [...] Continue Reading »
Although Chennai is facing a shortage of 24000 homes in the budget homes segment, Real Estate experts from the city say that there has been a steady demand for budget and luxury properties in Chennai. If sources are to be believed, the properties in the bracket of Rs. 20 to 45 lakhs are the most [...] Continue Reading »
Chennai welcomes the launch of a high-end limited unit residential apartment project at Kottivakkam on Old Mahabalipuram Road (OMR). The apartment project is named “Maplewood Premier” and will be developed by Mangal Tirth Estates. The “Maplewood Premier” offers six residential apartments each measuring 3,300 sq ft. The apartments comprise of four bedrooms, wet kitchen with [...] Continue Reading »
