Realty News
Pune’s impressive IT growth, affordable property prices and stable political atmosphere pulling investors to its shores. In fact market analysts from the city say that all corporate firms on expansion mode are now vying for space in Pune as against Hyderabad. Also spelling doom for the once booming sector are cash-rich investors and developers from [...] Continue Reading »
Supreme Court on Wednesday upheld an Allahabad High Court judgment cancelling land allotment in Shahberi village. Nearly 6,500 apartment and villa owners in seven residential projects in Noida Extension are nervous after the judgement. The verdict is, however, expected to delay projects in the area. Around 5,500 units in Shahberi have already been sold and [...] Continue Reading »
The Noida Authority on Wednesday cancelled the allotment of 108 flats in sector 71 reportedly for carrying out illegal constructions. The RWA of the colony, however, has said that Noida Authority should have stopped the illegal constructions when it was happening under their noses instead of harassing the residents now. Noida Sector 71 RWA president [...] Continue Reading »
According to a market researcher, a total of Rs 3,000 crore has been put at stake which comprises about Rs 900-1,000 crore of individual investors and rest between developers and financial institutions. The worst affected among the four namely — the builders, banks, investors and farmers — are middle class investors. In the eye of [...] Continue Reading »
“Buyers who want more carpet area and want to stay within city limits are opting to go for resale properties. With property prices at an all time high now, the market is seeing a slump since eight months and there is only 2-5 per cent buyers of the luxury home segment. People are choosing to [...] Continue Reading »
For redevelopment of old properties in Pune, Pune Municipal Corporation (PMC) may propose more FSI to tackle congestion in old city areas. The details of the proposal will be incorporated in the revised Development Plan (DP) of the old city. The DP of the old city areas will lay out policies and proposals for development [...] Continue Reading »
In a move to make the building plan sanctioning procedure hassle-free, Municipal Corporation of Delhi (MCD) is soon going to make the process online, but in a phased manner. From August, Delhiites can get their building plans sanctioned online and that too within seven working days. “Unlike now, when owners have to go and submit [...] Continue Reading »
The Supreme Court on Wednesday imposed Rs 10 lakh as a cost on the Greater Noida Industrial Development Authority (GNIDA) and directed it to hand over the 156 hectares of land in Greater Noida in Uttar Pradesh to the villagers and farmers. The Court upheld the Allahabad High Court order quashing the acquisition of the [...] Continue Reading »
The hoteliers were aggrieved by Mayawati government’s decision to cancel the allotment of land after allegations of the land worth crores being given away cheap. The Supreme Court on Tuesday upheld the allotment of land but asked them to pay almost triple the original price if they still wanted to retain the allotted land. A [...] Continue Reading »
The farmers accused Karnataka Industrial Areas Development Board (KIADB) of handing over the excess land through an absolute sale deed, instead of dropping the acquisition, thus depriving them of their homes. Over 100 farmers had been protesting for the past three days. On Saturday, two farmers fell unconscious. The farmers allege that that NICE, which [...] Continue Reading »
