Uncategorized
Supreme Court in New Delhi has taken a responsible step of revealing the burden flat owners. After the expiry of specified time mentioned in the house agreement, neither the authority nor the developer is barred from collecting additional prices from the flat allottees. Much before, the Haryana government said that the authorities can demand additional [...] Continue Reading »
The excess area built in the apartments will be regularised only after the developers pay market prices for the same. The same scenario was witnessed at Commonwealth Games village apartments in New Delhi by the Delhi Development Authority (DDA). Also the completion certificate has not been issued to the flat buyers in CWG village apartments. [...] Continue Reading »
Lokh sabha recently passed a Bill stating that it would grant a grace time of three more years for all the unauthorized and illegal buildings in Delhi. The walled city was on high alert carrying on back to back demolition drive. The NCT of Delhi Laws (Special Provisions) Second Bill 2011 has taken responsibility of preventing [...] Continue Reading »
Rail over bridge (ROB) construction in Kochi was stopped on issues of land acquisition. However, it has been finally cleared by District Collector PI Sheik Pareeth. The District Collector has cleared all the confusions and said that there was transparency lacking in acquiring two specific plots for the North rail overbridge. The land has now [...] Continue Reading »
Developers and builders in Hyderabad has to follow up a mandatory procedure of displaying a building house plan in front of the under-construction buildings. These building plans are to be approved by Greater Hyderabad Municipal Corporation (GHMC). The main idea is to display the plan for public view and this would also ensure transparency of [...] Continue Reading »
Sarovar hotels, a well known hospitality firm is all set and ready to strengthen its presence in Africa. Sarovar has deeded a contract with M & H Corporation Ltd in managing three-star property. Experts from Sarovar Hotels say that they are contended to emerge their presence in Nairobi (Africa). As the feel good factor is [...] Continue Reading »
The new Bill introduced in lokh sabha will soon be giving provisions for the banks to accept the immovable properties. Banks and financial institutions in New Delhi at present are not empowered to accept immovable property in concern against the defaulting borrower. The amendments will be made accordance with The Enforcement of Security Interest and [...] Continue Reading »
This news comes in as an hurricane! Finally the developers have started cutting down the property rates. This was the royal time all the prospective buyers were waiting for! Unbelievable property rates in Mumbai have come down by 10 to 30 percent. Just to survive in this sluggish real estate market, the city developers are [...] Continue Reading »
This is the fifth successful year for Sumansa Exhibitions organizing the Indian property show oversea in Dubai! This year the property show will be held form December 15 to 17th. Over 70 developers will be showcasing around 300 projects which is estimated worth 5 million dollars. This year’s Indian Property Show in Dubai will be [...] Continue Reading »
Improvements infrastructures like; roads, bus rapid transit system, flyover, traffic and transportation are on plans in Coimbatore. A detailed project report (DPR) was prepared under Jawaharlal Nehru National Urban Renewal Mission to bring out a successful infrastructure. Around Rs. 637 crores has been sought by the Coimbatore Corporation for improving city infrastructures. Hereafter, corporation will [...] Continue Reading »
