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Pune market has always caught the attention of national as well as international property buyers and investors. E-profest is acting as powerful medium to showcase the city’s property and cater to all interested buyers. Confederation of Real Estate Developers Association of India (CREDAI) started a virtual realty fair, e profest which saw a good response [...] Continue Reading »
The construction activity in new developing areas on the periphery of eastern Ahmedabad has increased manifold in last three years. There is a huge demand for one and two bedroom houses which is luring many builders to build such schemes on encroached land. AMC officials pulled down 107 row houses and seven shops in Vatva. [...] Continue Reading »
Figures collated by online portal Foreclosure India on auctions held by banks and Debts Recovery Tribunal (DRT) since January 2010 show that of 32 cities across India, Mumbai’s speculative realty market has the second highest number of foreclosed properties after Bangalore. DRT show a 23 per cent rise in cases of Mumbai properties, mostly residential, [...] Continue Reading »
The water level of the Mutha River began to rise since Monday afternoon, forcing people residing on the river banks to vacate their places. Mechanics and owners of food joints had to hurriedly remove their vehicles and stalls to safer places. The Pune Municipal Corporation (PMC) on Monday rescued about 60 residents from Anandnagar on [...] Continue Reading »
The Chennai Corporation has offered assistance to large apartment complexes by offering to collect non-biodegradable waste and excess manure. For instance, Asiana Flat Owners Association in Venus Colony, Alwarpet, is reaping the benefits of source segregation. Six women segregate waste collected from the flats. They work two hours to separate plastics and non-biodegradables from household [...] Continue Reading »
Cordcon Builders Pvt Ltd will have to pay the amount to one of its residents, Anant Shirotiya as reimbursement for the money he spent on repairing the damage and the mental agony he suffered due to the leakage. In March 2002, Shirotiya booked a flat in Cordcon’s high rise, Sagar City. Shirotiya noticed dampness in [...] Continue Reading »
A number of properties in New Delhi will now benefit from floor-wise sanctioning as a number of property owners, who have bought individual floors but are unable to make any alterations unless other owners give them no objection certificates (NOCs). After this policy comes into effect, each house will be an independent unit. Currently, ground [...] Continue Reading »
The country’s leading realty consultant Jones Lang LaSalle pointed out that the projects would be delayed, unsold housing stock will rise and developers might have to offer new projects at 10-15 per cent discount, all because of a slowdown in property demand. Indian real estate sector is likely to see a gloomy phase in the [...] Continue Reading »
Delhi will be mapped using remote sensing and GIS (Global Information System) tools. This would be updated from time to have real-time data of the ground situation. Inputs would be taken from here to detect and prevent unauthorized development and encroachment on public land and facilitate the protection of green belts. According to DDA, Delhi [...] Continue Reading »
Considering a petition by Suburban Travels owner CP Ajith Kumar and Ernakulam Merchants Union, the Kerela High court directed the Kochi Corporation to file a detailed explanation on the situation of the roads in the city and come up with a plan for maintaining the roads. The petition asked for a minimum guarantee on the [...] Continue Reading »
