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Reserve Bank of India (RBI) home loans are increasing frequently resulting in the people being dissuading from buying houses. Sanjay Dutt the CEO of Jones Lang LaSalle India reported saying that the home loan interest hike will decrease the construction activity directly impacting on the real estate sector. Few smaller builders will find edged out of [...] Continue Reading »
The property consultants see hike in policy rates that is proving a minimal effect on taming inflation, on all- round cost. Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India reported saying that the rising inflation is for further tightening of the key policy rates in the financial market and also the prospective buyers themselves holding capacity [...] Continue Reading »
In New Delhi, Ashutosh Dixit from People’s Action reported saying that the RWA members across the city are planning to group with placards and banners. United Residents Joint Action (URJA) is heading the protest named as ‘Maha panchayat‘ and also will encourage trade associations. The Residents’ Welfare Associations (RWAs) in the city are coming forward to protest against [...] Continue Reading »
The Municipal Corporation (MC) in Chandigarh has claimed to formulate 12 teams of public health wing under the supervision of sub divisional engineers (SDEs), to meet immediate emergency complaints especially during the time of heavy rains. However the residents have claimed that none of the government wing had come forward to help them to solve [...] Continue Reading »
The Maharashtra Chamber of Housing Industry (MCHI) has come up with a rule to strengthen its mechanism to clear the issues. The new method of the rule is mandatory for the developer to sell the property as per the carpet area. Environment certificates and a title clearance certificate along with the other approvals before accepting bookings [...] Continue Reading »
In Chennai, the apartment gains were recorded maximum in areas where the base price was low. In north Chennai, the builders are found to be hesitant to promote projects as the prices have been low drastically. The disparity between the north and south has always been in the real estate flow. There was drastic rise in prices [...] Continue Reading »
The Pune Municipal Corporation (PMC), Pune road department head Pramod Nirbhavane reported saying that they have completed all road repairs and only in some areas the work is being carried on. However the civic body has appointed six private agencies for the construction of road repair and also provide labor meanwhile the PMC provides material needed [...] Continue Reading »
Pune Municipal Corporation(PMC’s) executive engineer, N Barapatre reported saying that the tenders for the works were informed long before to avoid the delay in the further work and the work is expected to start over by the end of this year, 2011. PMC has several improvement plans at the traffic junctions which has been a major [...] Continue Reading »
Power supply in Noida was turned down between noon and 3pm and this affected several sectors all over the city. Since the electricity feeder lines are drawn from the other sectors the power supply was affected in nearby sectors too. Electricity supply was disrupted for over three hours on Thursday in almost all the sectors of Noida, apart [...] Continue Reading »
The people living along the Noida-Greater and Noida Expressway area and its neighborhood, five underpasses beneath the e-way will soon be widened. The Noida Authority will follow the ‘box push’ technology for the constructions. Noida Authority chief project engineer, Sant Ram reported saying that the subways and underpasses are built after digging up the road and [...] Continue Reading »
