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The real estate projects in Delhi, Mumbai and Bangalore are resulting in a delay progress. According to a real estate research organization this delay is due to the shortage in funding. The downfall in global economy as well as the rise of the cost of obtaining funds results into the low demand and as a [...] Continue Reading »
Sunteck Realty has closed the best deal ever for their real estate projects in Gurgaon. They procure a 16 acre land with optimum price of Rs 300 Crore. According to the company higher official, Suntech took the advantage of slowdown of the market scenario and closed the best deal for their future project. Their plan [...] Continue Reading »
Happy go news for the citizens and property buyers in Mumbai! The amendments in Development Control Regulations (DCR) followed up by huge number of residential and commercial property launches have commenced showing the signs of property rates fall! Some of the real estate experts have predicted property rate fall by 10 and 30 per cent [...] Continue Reading »
The delay in construction projects is doing nothing but burdening the property buyers who end up paying lakhs extra by the time they get possession of their flats booked! Whereas the developer will hardly pay Rs 5-10 per square feet as penalty! This is not bringing in any justice to the property buyers as the [...] Continue Reading »
Trespassers occupied a 40 acres land in Noida and on 8th February the Noida Authority demolished all the shops developed on the government land. The Noida Authority along with the district police bulldozed the shops and concrete structure on the authority land. According to the CEO of Noida Authority this movement is a message for [...] Continue Reading »
A builder in Mumbai was booked a case for taking over the possession of a bungalow in Bandra forcibly! Four private company security guards were detained for helping in breaking locks of the house! The surrounding residents called up Bandra police who rushed into the bungalow spot immediately and found a representative of MB Builders [...] Continue Reading »
No worries, from now onwards the citizens of Mumbai will have to evaluate their property tax liability followed up by which they have to pay it online. Soon, Mumbaikars will be able to calculate their property tax in the similar way filing income tax returns. This proposal is kept pending to be approved from municipal [...] Continue Reading »
A new set of building rules has been approved by the state government bringing in sense of worries for the small-time builders in Mumbai. It has been learnt that these builders big time sold flower beds, common lobbies, terraces and voids at market rates for flats construction. Around maximum of the builders in Bandra-Khar-Juhu are [...] Continue Reading »
The Bombay High Court asked the Hiranandani builders to construct affordable houses in their upcoming residential projects. Which is now followed up by a state teachers’ union asking the builder to consider flats for teachers from government-recognized schools. The High Court noticing the extra built up area by the builder, has therefore ordered them to [...] Continue Reading »
Delay! Delay in construction projects! All you can hear from the metro cities is the delay in construction projects from all over India. Yes, it’s not a news just for the sake of it. However, the housing projects are getting delayed in a very large number which is intern taking Indian real estate into a [...] Continue Reading »
