Realty News
The growth of illegal sheds is being observed in the surrounding area of Suncity Apartment in the buffer zone of Bellandur Lake in Bangalore. The whole stretch of Outer Ring Road-Sarjapur Main Road junction in Iblur is surrounded not only by illegal sheds but with worse civic facilities. Whoever passes by or resides in this [...] Continue Reading »
The higher costs of construction and financing are showing signs of residential property rates increase in Indian cities. Property developers across the country have decided to gear up the property prices hit by slow sales, expensive financing and high interest rate regime. The Mumbai real estate industry experts say that they have managed to enhance [...] Continue Reading »
The fire safety department is planning to file cases for those commercial and residential properties who will not follow the fire safety rule. The departments has identified 71 high rises who have failed to follow the fire safety norms. The law says that if the complex does not have proper fire safety mechanism, the offenders [...] Continue Reading »
The real estate firm Infinity group of Kolkata planned to invest Rs 1000 crore in Assam in next 3-4 years. They will invest the amount for the construction of office space and residential apartments in Guwahati and other major cities of Assam. According to the Infinity group there is a huge opportunity in the cities [...] Continue Reading »
The Delhi-Gurgaon Expressway divides the two part of the old and new Gurgaon. some times before the division was distinct. Now the scenario is changed with the increasing construction of the real estate projects in both the sides of the Expressway. The construction in the old Gurgaon side was less as the lands are owned [...] Continue Reading »
The planning commission recently recommended to increase the floor space index (FSI) with the height of the apartments in India. The builders think to support the rising FSI, government must spend more for the supporting services like water, electricity and sewage. The builders welcome the rule as they will be able to construct more units [...] Continue Reading »
The height restrictions for the apartments in the posh localities of Jubilee Hills and Banjara hills is still kept up to 10 meters. The builders are not allowed to construct five floor apartments unless the construction site is surrounded by a 12 meter wide road. The new provisions in the new building rule of the [...] Continue Reading »
Municipal Corporation of Gurgaon (MCG) is driving against unauthorized constructions in the city. In the process the MCG has demolished more than twelve illegal under-construction projects in Old Gurgaon. The building demolished included individual houses as well as under-construction apartments in the area. Before the drive, the district administration has issued several orders to the [...] Continue Reading »
DLF limited is going to invest Rs 350 crore in Lucknow real estate projects. Garden city Residential township is the first project in Lucknow taken by DLF limited. The township will be built over 248 acre land. With the initial response from the project, DLF is planning to invest more in the state in similar [...] Continue Reading »
Most of the civic bodies or city corporations in the state have already presented the budget for the year 2012-13. Unlike other city corporations, Bruhat Bangalore Mahanagara Palike (BBMP) is yet to take this step. The same budget for last year was presented in August which was approved in September by the government. However, despite [...] Continue Reading »
