Realty News
It is observed that the migration of skilled and unskilled labours from Bihar, Up, Rajasthan are reduced in past few months. This reduction in labour strength made a deep impact on the speed of construction in major cities. The short fall of labour strength is due to the upcoming development projects in those states. To [...] Continue Reading »
The market scenario of the real estate industry enforced the Mumbai Metropolitan Region Development Authority (MMRDA), to rethink on the plan to sell the vacant plots at Bandra Kurla comples area. MMRDA planned to auction the land previously, however the senior officials thinks due to the uncertainty of the real estate market they will not [...] Continue Reading »
The Bihar State Finance department approves around 10,000 residential flats and several commercial projects of Bihar State Housing Board (BSHB). The board has planned to execute the projects in public private partnership (PPP)mode. The housing projects will be constructed in several locations like Bahadurpur, Lohianagar, Patna. According to the officials of BSHB, they will start [...] Continue Reading »
The sale outflow of apartments in Mumbai real estate has slowed down. It is observed that the residential apartment sales in Mumbai has dropped by 28 percent during last 1 hour. Right now Mumbai realty market has plenty of unsold apartments in and around the city. However, in the experts view all the apartments will [...] Continue Reading »
The redevelopment work of around 50 apartments in areas like; Anna Nagar, Besant Nagar, Shanthi Colony and Adyar are paused in legal battles. The issues between apartment owners and the Tamil Nadu Housing Board (TNHB) has left the apartment owners stay in rented houses. The issue is all about implementing a 10 percent increase the [...] Continue Reading »
The higher officials of Greater Cochin Development Authority (GCDA) decided not to take up any real estate development project as of now. Ideally the present focus of GCDA is to prepare a land bank by owning more stock of lands. As the government ruled out new policy of public private partnership, GCDA is looking for [...] Continue Reading »
A new tenancy rules has been formed by Delhi high court (HC)! If any house owner needs the house, tenant is expected to vacate the house immediately! Even though it is against the oral agreement between the land owner and tenant, HC has passed on this order to be followed in New Delhi. Recently the [...] Continue Reading »
Real estate industry of UP is expecting a change with the change of government. In the last few years the real estate infrastructure have seen a slow progress. However the new ruling government have close proximity with several industrialist. Hence it is expected that the real estate industry will bounce back with the new government. [...] Continue Reading »
The water supply department of Varanasi is struggling hard to facilitate water supply in most of the part of the city. As the ground water level is decreased, a number of bore well needs to be re-bored. According to an official, the work of laying water pipe line was delayed due to assembly elections, however [...] Continue Reading »
With the change in the government, Lucknow is expecting big investment in real estate sector. According to realty analysts, the focus at present of the real estate will now shift from Noida to Lucknow. The industrial movement in Lucknow will boost up by the change in the ruling party in the state. Various housing projects [...] Continue Reading »
