Builders
The impact of fluctuating property prices have left the developers and builders worried! In the same context, the Maharashtra government has sent a request to Union ministry of environment and forests (MoEF) to give nod for green clearance at the earliest. It has been learnt that SEAC and SEIAA are the two major government bodies [...] Continue Reading »
Mangalore claims a tremendous growth in residential realty segment during 2011. Midst increase of bank interest rates, cost of raw materials and inflation, the realty is sky high in Mangalore. The increase has also hit the realty sales, however the confidence in the developers, builders and the property buyers has resulted in growth remained stagnant [...] Continue Reading »
The rupee depreciation in the past six months has gone to 20 percent and likely there are chances of property prices drop down by 20 percent. In the same context the non-resident Indians (NRIs) are in a mad rush to invest in Indian realty sector as the rupee breached the Rs 54-mark against the US [...] Continue Reading »
Buying a home for yourself? March into the Times Budget Homes Expo which starts today in Pune. The exhibition is for buyers looking for affordable housing within budgetable rates. It will be a 2 days show and the venue for the exhibition is fixed at Hotel Pride, Shivajinagar. All the renowned builders and developers will [...] Continue Reading »
Now, none of the developers or builders are interested in utilizing the land in Hyderabad. Dozens of realty projects are kept pending this year. All these situations happened only because of the order passed by government. The government order say that 20 percent of the built-up area on this 200 acre land is reserved for [...] Continue Reading »
It is no strange news when we hear a builder promising something and not providing it afterwards! To teach a lesson to these type of builders, residents of Bangalore took ahead a step and made them pay. Builders Sumadhura Constructions, whose Sumadhura Shangrilla Apartments at Mahadevapura had 84 owners, paid 100% amount on water connection. [...] Continue Reading »
Builders have again started charging residents and property buyers for parking spaces in spite of Supreme Court’s order. Earlier this year, some of the builders were planning to crouch in cash for parking slots. Their plans got approved by BMC and they were able to cash in money for illegal activity. However SC dismissed the [...] Continue Reading »
The builders and developers in Chennai are planning to pre-launch their projects which was kept unsold or unused due to major drop in property sales. Only because of the rising interest rates and property price hike nearly half-a-dozen of mega residential projects were on hold. On the occasion of Pongal (festival), the city developers are [...] Continue Reading »
The Bihar assembly has passed on Bihar Apartment Ownership (Amendment) Bill, 2011 in order to settle disputes between the builders and property buyers. This bill is expected to bring in more transparency in the property transactions. The Urban Development minister Prem Kumar presented the bill in the assembly house and all the members present there [...] Continue Reading »
Developers and builders in Hyderabad has to follow up a mandatory procedure of displaying a building house plan in front of the under-construction buildings. These building plans are to be approved by Greater Hyderabad Municipal Corporation (GHMC). The main idea is to display the plan for public view and this would also ensure transparency of [...] Continue Reading »
