2010
Supertech CMD RK Arora, Responding to an Allahabad High Court order to raze two of its under-construction towers in Noida, declared that the projects fully complied with the rules. He added that to protect the interest of homebuyers the company will move to the Supreme Court in a week. Demolition of the twin 40-storied towers [...] Continue Reading »
The residents of The World Spa, Sector 30 in Gurgaon fed up coping up with the bad maintenance up kept in the apartment locality revolted back! Protest was staged against the developer and soon after a month a new agency for over all apartment maintenance has been placed! The new maintenance agency will take initiative [...] Continue Reading »
The law of demand and supply is going viral in Indian realty industry! Looking back at previous year the property sales was down by almost 30 percent with the immediate raise of 25 percent! According to the realty reports collected by Liases Foras, a real estate research agency; Delhi has witnessed 17% growth in sales [...] Continue Reading »
Bangaloreans, here you have a surprising news to hear from Karnataka State Pollution Control Board (KSPCB)! KSPCB has decided to spread a message to all the apartments and companies in Bangalore city to grow sandalwood trees in their premises. This sounds to be pretty interesting! However, the main agenda behind this initiative is the drop [...] Continue Reading »
The severe liquidity crunch during year 2010 and 2011 had stalled all the realty transactions in India. There was a complete downfall in the constructions, rent-in, rent-out and even sale deeds. A new life has been brought into real estate industry, wherein around Rs.200 crore from JM Financial Ltd’s non-banking financial company (NBFC) has been [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) budget seems to have no end to it! For the year 2010 and 2011, BBMP had budget estimation presented was Rs 3,856 crore or 8,861 crore. It had raised revenues for a full quarter, which was unmeasurable. The budget demand for the previous year was just a curtain raiser [...] Continue Reading »
Property buyers in Gurgaon and Faridabad may have to fork out an extra ‘charge’ with Haryana deciding to levy an infrastructure augmentation charge on developers.The state assembly passed the Haryana Development and Regulation of Urban Areas (Amendment) Bill, 2010 on Tuesday.The amendment enables private developers to get full and partial completion certificates for projects. The [...] Continue Reading »
