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Generally, once the residential or commercial constructions are completed developers or builders have a sole authority to maintain them. However, the state has no powers or regulated machinery to provide management of social infrastructure to any realty transactions directly. This is where the developers and builders have got complete authority of plots, houses or apartment maintenance. [...] Continue Reading »
Jawaharnagar in Hyderabad is soon going to breathe a pinch of fresh air. Ramky Enviro Engineers Limited (REEL) is soon going to start segregation and disposal of garbage on trial basis from 18th of January. After implementing the process of segregation of degradable and non-degradable wastes, it will be a water and air pollution free [...] Continue Reading »
Home buyers are taken for a surprise when they are asked to pay under interest subvention scheme. Under this scheme, some of the buyers who have made a payment of initial amount have this right of not paying the EMI (equated monthly installment) for the time period when the property is under construction till its [...] Continue Reading »
When whole of the country was witnessing a slump in real estate, Bangalore faired bit well amidst all the chaos. Inspite of hike in property prices and high interest rates, the garden city performed better than all other metros. As compared to other metros, residential sales in Bangalore saw a fall of only 7% as [...] Continue Reading »
It seems like garbage bins in Vizag are finding it difficult to hold all the garbage produced in the households. The city corporation is finding the solid waste management quiet difficult to manage. Now, the street dustbins have been replaced with new dumper bins. The new bins are filled with garbage taken from door to door [...] Continue Reading »
Housing Development & Infrastructure Ltd (HDIL), a renowned real estate developer is to sell a two acres plot in Andheri, Mumbai. The deal has been stuck at around Rs 300 crore between HDIL and another real estate group. This plot was already a part of the land on which its residential project Metropolis was being [...] Continue Reading »
Land deals and regularization of properties have been made easier for common man in Gujarat. According to a new scheme by power of attorney (PoA) route, which has been worked out by the state government will be helpful for its residents. This step was taken into being because there was no sign of many original [...] Continue Reading »
An initiative taken by State Bank of India (SBI) is a ray of hope for home buyers in this era of highs! SBI has cut procession fees by half on home loans making it generous enough for the buyers. The new charges launched has been made effective from January 11, 2012. The bank has thought [...] Continue Reading »
About 35 developers in Mumbai have been given notices to give away the flats which were kept for public housing. The notices were given by the urban land ceiling (ULC) department to bring back 1,284 houses. Under the Urban Land (Ceiling and Regulation) Act (Ulcra), the flats are to be used for general public but [...] Continue Reading »
Real estate market saw many ups and downs in 2011. The firms either big or small who are listed at the Bombay Stock Exchange (BSE) degraded all in the previous year. The realty stocks’ price on an average went down by almost 51% with some firms going down as much as 80% in 2011. The [...] Continue Reading »
