Realty News
Realty sector in Bangalore and other metros is facing a crisis as unskilled labourers are leaving the construction work mid way. Labourers hailing from Bihar who had come to metros in the intention of earning big money have no longer interest in the city life. This is all because, their own state has become a [...] Continue Reading »
Kumar Properties, a renowned real estate name in Pune has decided to spread its developmental work down South also. It is in the verge of completing its new project in Jalahalli, Bangalore. The project is named as Kumar Princetown, namesake of the Pune property. The developers have already fulfilled dreams of over 18000 families of [...] Continue Reading »
Apartment maintenance has loads to do! May it be for the flat owner, apartment association, builder or a developer everybody has to maintain day to day and annual accounts of apartments. Here is one of the integrated portal to relive issues in concern with apartment and communities, Commonfloor (www.commonfloor.com). Commonfloor (CF) is a real estate [...] Continue Reading »
Irony is the scenario in present real estate sector! Once in a while there is a breaking news saying Indian realty is doing too good and very next moment there is drop down in realty sales. Whether Indian realty is stable or not? This is the hot discussion and debate going on in Indian realty [...] Continue Reading »
The Indian realty market if at all did well; the credit goes to the Non Resident Indian (NRI) investors. According to the recent survey it has been traced that NRIs have contributed 18 percent to the sales in realty market. Real estate expert’s claim saying that even the NRI’s would be aware that 2011 for [...] Continue Reading »
The zonal officials belonging to Municipal Corporation of Delhi (MCD) have given a final warning to demolish the illegal structures in Delhi. Illegal properties at Sainik Farm, Mahipalpur extension, Mahavir Enclave and Vasant Vihar. According to MCD reports these illegal building owners have misused the innocence of the property buyers and have hid the illegality [...] Continue Reading »
A Borivli resident has recently been compensated with Rs 50000 by the builder for late handing of flat keys. He filed a complaint in Mumbai Suburban District Consumer Disputes Redressal Forum against Soni and Associates from whom he had bought the flat in April 2004. The Consumer Forum noticed that the buyer was suffering from [...] Continue Reading »
IVRCL Infra, a Hyderabad based firm has planned to sell some of its lands in Bangalore, Pune, Chennai, Hyderabad and Visakhapatnam to recover from debt. The land measures around 1600 acres which was kept for real estate development. They have in total of 2300 acres of land, out of which 700 acres is being used [...] Continue Reading »
Rajiv Awas Yojana (RAY) will be soon be commencing the provision of affordable housing to the slum dwellers. The Kolkata government has planned to launch this on a pilot project basis at present at Bhubaneswar. Experts from state Housing and Urban Development department say that soon after the launch in Bhubaneswar, they will be looking [...] Continue Reading »
The ready reckoner (RR) which directs the realty land rates is now demanding a revision. However, with the slow pace recorded in the present realty market, the Maharashtra government has paused the revision work for time being. The proposal of 20 percent average hike in stamp and registration duties are being denied. To discuss the [...] Continue Reading »
