Realty News
The growth in the output of eight core sector industries – with a combined weight of 38 percent in the Index of Industrial Production (IIP) – slowed to 2.7 percent in July from 5.3 percent in the same month last year. The data released by the ministry of commerce on Monday showed the slower pace [...] Continue Reading »
Local agitation may delay handover of at least 3,000 flats in Rohini. Following a compensation dispute, residents of Barwala village, which encircles Rohini’s sectors 34 to 37, had in April 2013 filed a writ petition in the Delhi high court against DDA’s plan to construct flats there. A few weeks later, DDA obtained a vacation [...] Continue Reading »
The monsoon season generally underscores a period of slow realty activity, but that perception is apparently set to change in 2014; thanks largely to the fact that some of India’s major festivals are falling earlier than usual this year. In the wake of earlier festivals, realty developers have started announcing attractive discounts and offers to [...] Continue Reading »
Amid speculation that the environment ministry is planning to make NGT a mere advisory body, lawyers, petitioners and even common people are concerned about losing an important instrument of ensuring environmental justice. After the Centre’s decision to replace the planning commission, the ministry may amend National Green Tribunal Act 2010 to strip NGT of its [...] Continue Reading »
Almost a year after Delhi Development Authority increased the cap on height of residential buildings from 15 metres to 17.5 metres, no one has benefited from the new policy. The municipal corporations in the city are unable to sanction building plans with 17.5 metre height as it would require clearance from Delhi Fire Service (DFS) [...] Continue Reading »
Answering queries raised by the media regarding inclusion of EWS houses at Dwarka, Sector -23 in the new housing scheme as one bedroom apartments, the Delhi Development Authority (DDA) on Monday clarified that the flats at Dwarka, Sector-23 was initially conceived as affordable houses for lower sections of the society and accordingly the work was [...] Continue Reading »
That first movers don’t always have an advantage is something Lavasa Corp has painfully discovered. The company, a subsidiary of Ajit Gulabchand’s Hindustan Construction Company, had announced plans to build a smart city, arguably India’s first, over a decade ago. Lavasa, about 60 km from Pune, was planned as an integrated hill city, where residents [...] Continue Reading »
India currently faces a housing shortage of approximately 18 million units. However, despite the huge housing shortage in` the country, the vacancy rates are quite high in some of the leading cities of the country. Expert analyses of the current situation in India’s housing market have revealed that although housing continues to be a big [...] Continue Reading »
According to a recent statement made by Sanjeev Nandwani, Development Commissioner, SEZs (Eastern and North Eastern Zone), a total export income of Rs 15,000 crore was generated by the Special Economic Zones (SEZs) in West Bengal in FY 2013-14. The disclosure was made by Nandwani on the sidelines of a recent National IT Conclave organised [...] Continue Reading »
The Mumbai Metro master plan has been revised by the Maharashtra Government. The decision to revise the Metro master plan has been taken by the government to ensure that the Chatrapati Shivaji International Airport in Mumbai and the proposed international airport at Panvel in Navi Mumbai are directly connected. As a result of the revision, [...] Continue Reading »
