Realty News
With the Centre’s requisite approval to the Phase-I extension of the Chennai Metro Rail expected in the near future, the land acquisition process for the Metro extension project will likely be commenced by the Chennai Metro Rail Limited in the coming months. The Phase-I extension of Chennai Metro Rail involves a 9-km stretch between Washermanpet [...] Continue Reading »
In a recent statement, the Delhi Development Authority (DDA) has revealed that it has reached a decision with regard to allowing the conversion of property – from leasehold to freehold – through general power of attorney and registered agreement to sell. The move announced by DDA is noteworthy because an earlier ruling by the Supreme [...] Continue Reading »
GIC, Singapore’s sovereign wealth fund will enter into a joint venture with Brigade Enterprises very soon. On Monday this was announced and a memorandum of understanding (MoU) was signed. The Bangalore-based realty major and GIC, through its affiliate company, will jointly invest up to Rs 1,500 crore in residential and mixed-use development properties in select cities [...] Continue Reading »
CBRE the global property consultant on Monday released a report which gave some insight about the activities in the real estate sector. According to its findings the residential real estate market across leading cities of the country is unlikely to see any traction before the upcoming festive season. It is expected that demand will improve during [...] Continue Reading »
There was a huge demand from the market and the launch of the DDA ‘Housing Scheme 2014′ received a huge response from the people. The DDA today launched its much- awaited ‘Housing Scheme 2014‘ offering over 25,000 flats across various categories. Balvinder Kumar the Vice-Chairman of DDA stated that the DDA Housing Scheme 2014 is now [...] Continue Reading »
$25 billion Hinduja Group has committed $10 billion to invest in India and is currently in the process of screening five-six projects in the infrastructure sector. Gopichand P. Hinduja is hoping that the Hinduja Group will be third time lucky in investing in India in a big way after having failed to have done so in 1991 [...] Continue Reading »
A metro extension connecting Dwarka and Gurgaon has been delayed indefinitely, as the Delhi Metro Rail Corporation (DMRC) has not submitted the detailed project report to the Haryana government. With the state assembly polls due in October, the model code of conduct will further delay the project. The extension plan has been struggling to take [...] Continue Reading »
A consumer forum in New Delhi stated that the construction firm was trying to grab the money of the “innocent consumers” with “mala fide” intention. They slapped the construction firm with charges and asked to pay Rs four lakh. The New Delhi Consumer Disputes Redressal Forum which was presided by C K Chaturvedi, asked Vian [...] Continue Reading »
Prime Minister Narendra Modi is all set to convert Varanasi into a ‘smart city‘. Varanasi is among one of the oldest cities in India and for many, Varanasi is about salvation. Indians believe that if they die in Kashi (Varanasi) then they will directly go to heaven. Itsghats, temples and narrow, dingy bylanes give the [...] Continue Reading »
Telangana realty sector rejoices as VAT removal and single window clearances will come to force soon
Real estate players in Hyderabad say project execution delays will be reduced with a string of reforms initiated by the government. The newly bifurcated state has initiated many reforms in the real estate sector and the builder community is very happy as they feel that they will save time with the proposed single window clearance [...] Continue Reading »
