Realty News
The chief minister of Andhra Pradesh has inaugurated the construction of 151 affordable houses at Tirumala for the homeless people. The construction of each houses will cost Rs. 3.8 lakh and all the construction of all the houses will be completed in eight months. All the houses will be constructed near Mangalam, a village near [...] Continue Reading »
The Nonadanga land in Kolkata since long times has been acquired by slum dwellers. The eviction of slum from this land has been a headache to Kolkata Metropolitan Development Authority (KMDA). The KMDA authority has commenced with several options to utilize the stretch of land. The Nonadanga Busti Uchchhed Pratirodh Committee is opposing the government’s [...] Continue Reading »
The Chennai Corporation has ordered the builders and the property owners not to use the public road space to store construction material for their construction work in Chennai. The corporation also ordered the engineers to take action against those who have dumped sand and other construction material on the roads. The residents also have to [...] Continue Reading »
The proud wife of a superstar and film producer Gauri Khan will showcase her aesthetic sense for interior designing in a project with Pune-based Kolte Patil Developers Ltd (KPDL) for designing couture penthouses in Pune. This will be the first ever commercial designing project by Gouri Khan. Though previously she has designed several houses of [...] Continue Reading »
The builders of Mumbai and NCR have suddenly stopped bargaining on the cost of apartments in Mumbai. There are several incidents happening now a days where builders are withdrawing any discounts proposed earlier. The recent repo rate cut by the Reserve Bank of India has made real estate developers hopeful that sales would pick up [...] Continue Reading »
The buying and leasing transactions in the commercial real estate market in India remained slow for the first quarter ended on March 31 of the calendar year 2012. This reduction is due to the weak domestic macroeconomic indicators and cautious sentiments among Indian corporates and financial institutions. The companies also hold their buying decision as [...] Continue Reading »
The government wants to make sure that no funds collected through external commercial borrowing for affordable housing scheme, will not be used by any other projects. The government is working on the implementation of the budget announcements. The project specification guideline rule and the routing of funds are under consideration. Government officials are working on [...] Continue Reading »
The real estate developers made a charge of cartelisation among cement companies to the Competition Commission of India (CCI). According to the builders agencies, the cement makers have increased the prices by 50 percent in the past six months and by 20 per cent after the Union Budget. Before six months the cost of a [...] Continue Reading »
The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price. After five years the Chennai government has revised the Guidelines values last year. This value is used by the government to access the value of the property for collecting the service tax. Growing demand for housing [...] Continue Reading »
A building which was constructed more than a year in West Tambaram Chennai is yet to see its inauguration. A total of Rs 4.5 lakh was spent on its construction which is located on Second Street, CTO Colony, in Ward No. 32 of Tambaram Municipality. It was built to house a fair price shop which [...] Continue Reading »
