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Realty News

Real estate guidelines in Chennai has changed!

Real estate guidelines in Chennai has changed!
The real estate guidelines in Chennai state has been revised! The Tamil Nadu government has notified rates for registration of properties in Chennai city. According to the realty experts the Tamil Nadu government has overtaken by 10 to 45 percent. These fresh guidelines has been revised after a gap of five years according to prevailing [...] Continue Reading »

More than 30 lakhs apartments are unsold in Maharashtra

More than 30 lakhs apartments are unsold in Maharashtra
According to the Census Directorate of Maharashtra, more than 4 lakh unsold apartments in Mumbai are available. The data has revealed the actual scenario of the real estate in Maharashtra. As per the records more than 3.7 million houses are lying vacant in the state. The number of the empty flats have been increased to [...] Continue Reading »

Prestige group projecting Rs 2000 crore sales in 2012-13

Prestige group projecting Rs 2000 crore sales in 2012-13
The Prestige Estates Projects aiming to sale Rs 2000 crore real estate projects in this financial year 2012-13. The real estate construction firm has launched many projects across the country. Among the projects the Bella Vista in Chennai is performing good. As of date the group has sold more than 1300 apartment out of 2600 [...] Continue Reading »

Affordable flats are less in Mumbai

Affordable flats are less in Mumbai
Only few thousand affordable flats are released by the Maharashtra Housing and Area Development Authority (MHADA). There are millions of people looking for their own houses in Mumbai. The annual lottery scheme by the housing board is delayed in this year, along with the number of houses available in Mumbai is almost a fifth of [...] Continue Reading »

Construction permission of Adarsh did not cost Rs 12 crore less charge

Construction permission of Adarsh did not cost Rs 12 crore less charge
The permission granted for construction of the podium and condoned deficiency in open space for the Adarsh apartment. The permission was granted on the basis of Development Control Regulations of 1991. It is being claimed that the permission leads to a loss of Rs 12 crore to the government as the premium was not paid [...] Continue Reading »

Holi-Uttrala tunnel construction will start soon

Holi-Uttrala tunnel construction will start soon
The construction work on the 7-km Holi- Uttrala tunnel at Himachal Pradesh will start soon. The proposed cost of construction is Rs 1571 crore. The detail project report has been prepared. The distance between Holi in Chamba district and Uttarala in Kangrawill be reduced by the construction of the tunnel. Presently any person has to [...] Continue Reading »

Thermal power plant boundary wall demolished by Villagers

Thermal power plant  boundary wall demolished by Villagers
The under-construction boundary wall of the proposed KVK Nilachal thermal power plant at Rahanguda village in Cuttack was demolished by the villagers. The villagers gathered the construction site in Cuttack and alleging that the construction company purchased their land at lesser prices. The villagers wants to increase the compensation amount and they also have filed [...] Continue Reading »

10 illegal properties demolished in Delhi

10 illegal properties demolished in Delhi
On Monday the MCD squad demolished all illegal constructions in Delhi region. The government has announced earlier that any illegal construction in the city will be removed to enhance the city planning. Many people had carried out construction in their houses illegally, taking advantage of the MCD elections. According to the authority the demolition drive [...] Continue Reading »

Highway projects will be on priority in Punjab

Highway projects will be on priority in Punjab
The deputy chief minister of Punjab has told the respective department for the construction of six major national highway projects, to complete them in stipulated time. The construction cost of the  Amritsar-Sri Ganga Nagar road is estimated at Rs. 3000 crore, and the cost of construction of Patiala-Bathinda four-laned road is estimated at Rs 2007 [...] Continue Reading »

Housing redevelopment project in Delhi

Housing redevelopment project in Delhi
The government of Delhi has planned to re-develop the housing colonies. The project will be the biggest construction work in Delhi. This redevelopment of colonies will be done by National Buildings Construction Company (NBCC). Kidwai Nagar colony in New Delhi will be the first to be redeveloped. The cost of the redevelopment project is estimated [...] Continue Reading »



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