Realty News
The construction of a foot-over-bridge (FOB) near Jangpura Metro station has been delayed. The Delhi High Court has asked the transport commissioner and secretary of the public works department for a clarification on the delay work. The counsel for Jangpura Residents Welfare Association (JRWA) filed a case against the department on the slow progress of [...] Continue Reading »
The President has given her assent to the amendment of the Municipal Councils and Maharashtra Regional and Town Planning Act. According to the amendment, any official allowing unauthorized constructions have to pay a fine of Rs 25,000 or will be punished by imprisonment for a month. The amendment will also allow to appoint an officer [...] Continue Reading »
Unity Infraprojects is a Mumbai-based construction firm. The firm is engaged in construction of real estate projects on its land parcels in Nagpur, Bangalore, Pune, Kolkata and Goa. Recently the Unity infraprojects is waiting for approvals for launching its residential project in Bangalore. Now the company is aiming to invest into infrastructure construction projects in [...] Continue Reading »
The rates of residential properties in Jalandhar will rise sharply after the hike in the collector rate of the real estate properties. rates of agricultural land and properties in and around Jalandhar are up from 400 % to 800 %. The Jalandhar Real Estate Dealers & Builders Association has decided to an agitation if the [...] Continue Reading »
The Parsvnath Developers plans to reduce its debt by selling some of its land parcels. Currently the firm has recorded a debt amount of Rs. 1250 crore. The main aim of the firm is to reduce the debt amount in the next 15 month. in the first step of the process, the firm planned to [...] Continue Reading »
Equinox Realty, a subsidiary of Essar Group real estate company, planned to invest Rs 600 crore in its Bangalore Project. Water’s Edge is the housing project in Bangalore. The project will be constructed by L&T, with a total built-up-area of about 2 million square feet. The residential project will construct apartments with flat size between [...] Continue Reading »
The property values in and around Panvel, Kharghar, Ulwe, southern parts of Navi Mumbai and Mumbai’s eastern corridor has been increased considerably after the announcement of the construction of an international airport in Navi Mumbai. It is a fact that a scheduled infrastructure project leads to an increase in the value of property in its [...] Continue Reading »
It is common to see that the real estate projects are constructed in phases. It is always recommended to invest in to any real estate project at the launch stage. Real estate developers use the concept of soft launch to generate the cash flow. Even before the basic approvals are in place, developers start marketing [...] Continue Reading »
Its time for reconstruction of around 144 dwelling units at Vellalore in Coimbatore. The Tamil Nadu Slum Clearance Board (TNSCB) has decided to call for tenders that will be applicable for re-construction. The reconstruction phase has therefore paved way for the new apartment launches in Tamil Nadu. The TNSCB in collaboration with district administration has [...] Continue Reading »
According to the Reserve Bank of India (RBI), the value of the security of a real estate property does not cover the outstanding loan amount, which leads to larger non-performing assets (NPAs). It is tough to get a loan against the NPAs. As the risk weightage for any loan exceeding the Loan To Value of [...] Continue Reading »
