Realty News
GREATER NOIDA: If fines don’t work, maybe shame will. The Greater Noida Industrial Development Authority (GNIDA) has started penalizing housing societies that have failed to install waste treatment plants. simply just in case that fails to form builders fall in line, the development agency plans to award ranks to each housing society supported, however, they [...] Continue Reading »
Inaugurating the program for revenue divisional officers of nine districts in Trichy Region, District Revenue Officer (DRO) T Shanthi said that the time for registration of the Tenancy Agreement has been extended and citizens are hereby directed to register their Tenancy Agreement on or before 18th September 2020 in compliance with the New Tenancy Act, Tamil [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) has lost a nearly 20-year-old battle to acquire 11,515 square feet in Mumbai’s Suraj Apartment. A 38-story pencil-like tall building at Breach Candy, in South Mumbai. MHADA had held up claim to the area on the basis of the extra Floor Space Index (FSI) allegedly used by [...] Continue Reading »
The state govt of Kerala has issued a revised administrative sanction for the completion of basic infrastructure works at Muttathara fishermen residential colony. It is first of its kind large-scale housing scheme executed for fishermen families unsafe to sea erosion in the district. The total amount funded by Kerala Govt for the necessary infrastructure stood [...] Continue Reading »
The center’s Rs 25,000 crore relief package is as of now out of reach for most critical housing projects in Noida. A real estate market that badly needs a relief package from the govt because most of the projects do not meet the eligibility clause. The central fund can only be utilized to complete projects [...] Continue Reading »
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
KOLKATA: From now on, the owner of a thika tenancy land in the city will be considered as the leaseholder and the resident as the administrator. The civic body has begun the procedure of prefacing the system that will provide further identification to the owners as strong as the tenants of all thika tenancy lands, KM mayor Firhad [...] Continue Reading »
VIJAYAWADA: Obtaining land for the affordable housing project is demonstrating to be a huge objection for the Vijayawada Municipal Corporation (VMC). While it has previously zeroed in around 500 acres, the civic body requires to obtain 200 acres more extra to build 70,000 affordable homes in the city. However, tenants of nagara Panchayat encircling the city are not especially [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
