Realty News
The residents of Guntur Municipal Corporation (GMC) are facing severe drinking water problem. People are depending on water tankers to get water supply in the apartments in Guntur. Due to inadequate rainfall the ground water level has depleted. And as a result bore wells in many areas in the city failed to supply water. The [...] Continue Reading »
The Gurgaon Municipality has decided to form four zonal committee to resolve the objections raised by the residents. It is informed that there are over 50,000 pending objections related to housing tax under the municipality. The councilors suggested that ward-wise house tax committees should be formed and plots smaller than 50 square yards should be [...] Continue Reading »
The State Human Rights Commission (SHRC) of Kashmir stoped the construction of an illegal and unauthorized palatial house near Dachigam National Wildlife Park. The SHRC issued notices to several government departments over alleged illegal constructions in Srinagar. Any new constructions except for renovations are banned in green belt of Srinagar. According to a judicial member [...] Continue Reading »
The construction of a bridge over the river Kani in Kayangola village is running is a very slow speed. Due to fear of saltwater crocodile, the workers are not interested to take up the construction work. As a result no developers are participating in the construction work of the bridge. The river Kani is infested [...] Continue Reading »
The government of India has decided to attract public-private participation, in National Highways projects. To implement the government strategy the NHAI has adopted Build-Operate-Transfer [BOT] (Toll) mode of delivery under public private partnership (PPP) as the preferred mode for development of highway projects. The cost of construction varies on different territory of India. To recover [...] Continue Reading »
The Navelim civic and consumer forum (NCCF) has submitted a complainet to the Margao municipal council (MMC) and South Goa planning and development authority ( SGPDA) about a under construction building at Aquem-Baixo in Margao. As per the complaint any board is not displayed at the construction site with the details of the construction. The [...] Continue Reading »
Sundaram BNP Paribas Home Finance has decided to raise funds for investment into real estate home loan. The group will raise Rs 2700 crore in this financial year 2012-13. The company would raise the funds through non-convertible debentures and by refinancing from National Housing Bank. Sundaram home loan also set a target to disburse home [...] Continue Reading »
Shortage of sand supply in Hyderabad and the city suburbs affected the construction activity in the state. Some of the projects in Hyderabad have exhausted their sand stocks and in the absence of replenishments are forced to stop further work. Several projects are in advanced stages of completion and scheduled for handover in the coming [...] Continue Reading »
The Reserve Bank of India has doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending. This decision will encourage the EWS people for buying housing properties in India . In a notification RBI ordered to extend the bank loan limit to non-governmental agencies for the purpose of construction or [...] Continue Reading »
Following the Reserve Bank of India’s move to slash policy rates, the leading banks are planning to reduce the home loan rates. Some leading banks have already cut their home loan rates for existing and new customers, while the other banks are in the process of deciding the new rates. Higher home loan rates and [...] Continue Reading »
