Realty News
On Wednesday, Haryana Government decision with regard to the allotment of a 350-acre land area to realty biggie DLF in Gurgaon in 2010 was set aside by the Punjab and Haryana High Court. The High Court’s decision pertains to the massive land parcel which was allotted to DLF by the Haryana Government at Wazirabad, Gurgaon. [...] Continue Reading »
In a recently-released report, real estate consultant Cushman & Wakefield analyzed the performance of the residential segment across India’s top seven cities — Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. On the basis of its analysis, the realty consultant has ranked the average capital value appreciations across the cities. According to Cushman & Wakefield, [...] Continue Reading »
After having made investments in average capital value appreciations in the past, Infosys co-founder NR Narayana Murthy’s family office Catamaran Ventures – which manages a portion of Murthy’s wealth – has now made investments is the realty sector. According to the details shared by unidentified sources familiar with the development, Catamaran Ventures has forayed into [...] Continue Reading »
The process for the construction of five ‘smart cities’ will apparently be commenced by the government by the end of the current fiscal year. Towards that end, contracts for the development of trunk infrastructure for five smart cities will be rolled out by the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) in the near future. [...] Continue Reading »
On the second day after the mega housing scheme was launched by the Delhi Development Authority (DDA), they once again received tremendous response. About 30,000 forms were sold on the first day on Monday. On Tuesday more than 40,000 forms were sold. A DDA spokesperson expressed his happiness over the huge success of the scheme and stated [...] Continue Reading »
DDA’s new housing scheme received a huge response from the citizens; however the slum dwellers are not happy about it. A body of dwellers of slum clusters has moved to the Delhi High Court, challenging the DDA’s new housing scheme. The JJ clusters’ dwellers welfare association is very upset about a DDA decision. They claimed [...] Continue Reading »
The public works department has received a go-ahead from the NGT (National Green Tribunal) to resume work on the expansion of the Andheria Mod-Mahipalpur road. This has brought a lot of relief to the hundreds of people who use the Andheria Mod-Mahipalpur road daily to access Gurgaon and IGI airport. In February 2012 the work was stalled [...] Continue Reading »
In April 2013 the residents of Barwala village, which encircles Rohini’s sectors 34 to 37, had filed a writ petition in the Delhi High Court (HC) against the DDA’s (Delhi Development Authority) plan to construct flats there. Following this compensation dispute, this local agitation may delay the handover of at least 3,000 flats in Rohini. A few weeks [...] Continue Reading »
Some heavy weights in politics are going to face the wrath of the Maharashtra state government soon. The state government has prepared a list of 26 people, including prominent politicians, who will face action for occupying more than one flat under the chief minister’s quota by producing false affidavits. The state found 52 such cases of [...] Continue Reading »
L&T (Larsen and Toubro) Hyderabad Metro Rail Limited today hinted at the possibility of cost escalation of the elevated metro rail project by about Rs 2,500 crore to Rs 3,000 crore.The Rs 12,132-crore-project may need such additional funding for some of the unavoidable circumstances. These include the initial delay in the appointed date, inflation and [...] Continue Reading »
