Ahmedabad
Real estate developers in Ahmedabad are building dwelling units of smaller size to make them affordable. The size of 3 and 4-BHK apartments reduced by around 40% to keep their prices down. The trend of smaller dwelling units started 3-4 years back but now it seems to have become the norm in the city’s construction [...] Continue Reading »
International Finance Corporation (IFC) is strengthening its affordable housing team in India. Senior investment and property development managers and green specialist from its global office are expected to join the Indian arm by August. The low-cost housing initiative is currently headed by Subrata Dutta Gupta who was earlier involved in IFC’s housing finance business. It [...] Continue Reading »
National Housing Bank (NHB) has taken 2007 realty as a benchmark of the Residex pegged at 100. The figures show how Ahmedabad along with five others cities – Mumbai , Delhi, Chennai, Lucknow and Pune – have bucked the trend of falling prices. Residex (residential index) figures for city areas reveal that the road expansion [...] Continue Reading »
“Buyers who want more carpet area and want to stay within city limits are opting to go for resale properties. With property prices at an all time high now, the market is seeing a slump since eight months and there is only 2-5 per cent buyers of the luxury home segment. People are choosing to [...] Continue Reading »
The Supreme Court on Wednesday imposed Rs 10 lakh as a cost on the Greater Noida Industrial Development Authority (GNIDA) and directed it to hand over the 156 hectares of land in Greater Noida in Uttar Pradesh to the villagers and farmers. The Court upheld the Allahabad High Court order quashing the acquisition of the [...] Continue Reading »
Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank (NHB). As demand came back with gradual economic recovery in India, realtors, some of whom were facing severe debt problems, started raising [...] Continue Reading »
Land worth 40 crore at Vilasiya village were sold on fake power of attorney. Ashok Patel, resident of Usmanpura, had bought 67 bigha land at Vilasiya village from Zahir Fazal Siddiqui, a resident of Mumbai, in February 2011. When Patel went for registration of the land, he realized that he was cheated. Patel on Sunday [...] Continue Reading »
The slack in demand due to slower sales and tardy implementation of infrastructure projects has slowed demand for cement used to build reinforced concrete roads, dams, bridges and houses. Leading cement manufacturers have started offering discounts of as much as Rs 10-20 per 50 kg bag in the last two months as slow sales begin [...] Continue Reading »
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] Continue Reading »
The District Education Officer (DEO) in Ahmedabad has asked all schools to remove mobile towers within a month. The DEO had written to all schools in January, asking them to provide details of cellphone towers, terms of contract with mobile phone companies, payment and duration. Sources say there are more than 10 schools in the [...] Continue Reading »
