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Development control rules under criticism

Development control rules under criticism
The Maharashtra chief minister agreed new development control rules (DCR) at Mumbai on Tuesday. The implementation of this new rule is to eradicate the illegal practices in the realty industry. However, the policy’s emphasis denied saying that this new rule gives a clear picture about the revenue Brihanmumbai Municipal Corporation (BMC) earns from the builders [...] Continue Reading »

Houses to be constructed with two-metre space each

Houses to be constructed with two-metre space each
The Municipal Corporation of Delhi (MCD) has passed on a mandatory rule to construct the houses leaving two-metre space from the adjacent buildings to it. The recent incident wherein the digging of basement lead to collapse of the adjacent building provoked MCD to pass this mandatory norm. Especially the residential sectors which are generally constructed [...] Continue Reading »

Rs 45000 crore realty debts a bad start for year 2012!

Rs 45000 crore realty debts a bad start for year 2012!
2012 realty economy is up already started and there are lot of expectations from the investors, developers and property buyers point of view. There are huge amount of construction sectors which is kept unsold. Along with this the realty industry is in debt even toady with more than Rs 45,000 crore. The unlisted players who [...] Continue Reading »

Realty developments paused in Hyderabad

Realty developments paused in Hyderabad
Hyderabad realty sales went on pretty good during the year 2011. However, the city realty sales are no more the same; as the realty construction is on halt and the land sales have dropped down completely. The government order (GO 86) restrictions had paused building constructions in the congested zones in the city. Meanwhile the [...] Continue Reading »

Competition between investors and builders for selling flats!

Competition between investors and builders for selling flats!
Real estate market has been witnessing a continuous ambiguity First, investors invested in properties leaving no affordable properties for buyers. Now, those nervous investors are selling off the properties below market rates and destroying developers’ sale market. Both buyers and investors are in a puzzled state. In this total confused market, look for properties which are [...] Continue Reading »

Home loan prepayment in risk!

Home loan prepayment in risk!
It is a fact that realty sales dropped down badly during 2011. Even a recent survey by real estate experts revealed that the housing financing companies also had to face same situation resulting in home loan sales drop down. However, in the real time scenario there is a different story in concern with these housing [...] Continue Reading »

List of unsold flats grows for Mumbai!

List of unsold flats grows for Mumbai!
Mumbai saw a dip in residential projects being launched this year due the long lasting effect of the slump in realty market. As per a report by property consultants Knight Frank, as planned out of 54,968 units, only 19,470 residential units were launched in Mumbai in 2011. The upside down projection in realty market is [...] Continue Reading »

Gurgoan residents fed up with poor civic facilities

Gurgoan residents fed up with poor civic facilities
If there is overflowing sewage, pothole all over the road. Why would the development authority even develop so called posh or luxury colonies? Few colony residents in Gurgoan city are in dilemma with the same question. Civic woes are never ending, inspite of it the builders seem to charge a hefty sum for the sale of [...] Continue Reading »

Vijay Shanthi builders to sell Park Avenue-Phase I

Vijay Shanthi builders to sell Park Avenue-Phase I
Vijay Shanthi Builders who are into providing its customers art and lifestyle apartments recently announced the sale of it’s project Park Avenue (Phase I). The entire project of Park Avenue has been declared to be sold which today bares a cost of Rs.95 Crores. Park Avenue is located Vandalur Kelambakkam Road (SH-121), Melakottaiyor Village, Chennai. [...] Continue Reading »

Sudden project approvals fright builders of supply clog!

Sudden project approvals fright builders of supply clog!
Initially there was delay in project approvals by the concerned authorities but now there has been a sudden rise in the same! The long delayed projects are now getting approved by the Government which in turn are frightening Mumbai builders of excessive supply and price depreciation. According to sources, the approvals will gain pace after [...] Continue Reading »



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