Realty News
The industry is facing a crunch and the fund gap over the next five years alone would be as high as $70 billion.The move of cutting property prices by 20% following RBI’s increase in repo has come in as a shock and will hit both developers and home buyers given the higher cost of funding, [...] Continue Reading »
Chief minister Sheila Dikshit said an earthquake can cause unprecedented damage to Delhi and hence it was essential to concentrate on preparedness. Delhi has densely populated areas with a large number of unsafe buildings. A sizeable number of unauthorized colonies and urban slums compound vulnerability in the city. “There is a need to ensure strict [...] Continue Reading »
Mumbai state government cleared 100% premium on the additional 25% Floor Space Index (FSI). While the premium charged on residential projects has been fixed at 100%, the premium for industrial areas will be charged at 125% while that for commercial projects will be fixed at 150%. Currently, builders are known to sell flats with added [...] Continue Reading »
About 150 people visited the headquarters when the master plan was displayed on the first day on July 22. On Monday, the visitors’ number increased to 250. The metropolitan authority had invited objections and suggestions from citizens on the draft master plan for Hyderabad Metropolitan Region a couple of days ago. The draft master plan [...] Continue Reading »
Nearly 1,00,000 homebuyers have collectively invested around Rs 1,500 crore in housing projects in Noida Extension so far. Allahabad High Court likely to pronounce its verdict, thousands of homebuyers are on tenterhooks. The five main villages in court today account for more than 75,000 flats on 1850-hectare land. Allahabad High Court had on July 20 [...] Continue Reading »
All corporators of PMC Pune supported the paid FSI concept by saying that the Transfer of Development Rights (TDR) has not yielded results but the scams associated with it have only tarnished the city’s image.The FSI is the ratio of total floor area of a building to the size of the plot which indicates the [...] Continue Reading »
Builders, who were allotted land by the Greater Noida Industrial Development Authority (GNIDA), have stopped all construction work in Sahberi and the Authority officials pulled down whatever hoardings, property advertisements etc remained there. The authority has begun the process of returning land to farmers. Developers affected by the Sahberi order have also been given the [...] Continue Reading »
Residents of Tannery Road agree that road widening is necessary as it is a major thoroughfare for commuters heading to the Bengaluru International Airport and welcome the move. However, their grievances are with the BBMP, which is keen to acquire the land by issuing Transferable Development Rights (TDR) certificates instead of providing compensation based on [...] Continue Reading »
The authority and other departments like Fire department confirmed that no Noida Extension builder had sought NOC from it till date. “Though some builders had visited the department about their Noida Extension projects, till date nobody has submitted papers for NOC,” said chief fire officer Mahavir Singh. Builders, however, claimed that they started construction after [...] Continue Reading »
A ‘cool roof’ is one treated with a coating to reduce the amount of absorbed solar radiation and heat. Research suggests that such roofs are more reflective that the conventional ones. Leading to savings on your AC bill. This, in turn, reduces carbon emissions and helps in promoting a cooler and a greener planet. To [...] Continue Reading »
