Builders
Delhi is making more and more space for people to live in by developing vertically, perhaps has not been considering the need for parking, walking and driving space. With multiple members staying in the same house and owning multiple vehicles is causing vehicular congestion on the colony roads. The colony roads are eternally clogged with [...] Continue Reading »
As real estate is going through a crisis specially in cities like Mumbai, builders are struggling through the bureaucratic hurdles involved in getting a project cleared. The builders are forced to go through a tangled clearance procedure as they have to approach a host of state and central departments that take their own time clearing [...] Continue Reading »
The Income Tax department has raided 45 premises of Indore’s 10 real estate firms. As per reports, 300 officials conducted the operations and recovered Rs 2 crore in cash and sealed 15 lockers of nine realtors. Officials of I-T department said that a host of irregularities have come to the fore during the raids which [...] Continue Reading »
The Haryana Urban Development Authority (HUDA) has announced that it is planning to provide canal water to builders for construction purposes. While the details and the procedure is to be finalized soon, HUDA officials state that canal water supply is likely to increase by the end of this month. Till then, the builders will have [...] Continue Reading »
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
CNBC AWAAZ has announced to hold ‘Real Estate Awards 2012’ to recognize the effort and worth of visionaries and professionals from the real estate industry. The theme for this year’s awards is “Modern Marvel” and it is slated to be held in November. The organisers have called for entrees within September 21. The awards will [...] Continue Reading »
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »
The Madhya Pradesh state government‘s decision to levy Narmada tax has come under fire from various builders and property owners. The property owners are to pay tax prior to getting building permission for any construction is bound to put an additional burden on those constructing new house, as well as on those who had bought [...] Continue Reading »
Implementing the Punjab and Haryana High Court order banning the use of groundwater for construction, the Haryana Urban Development Authority (Huda) is all set to take strict action against builders violating the ban. Huda has sent an ultimatum to those builders whose construction work is underway to submit their water source details. Moreover, in an [...] Continue Reading »
Himachal Pradesh has halted plans of over 60 builders and developers to sell flats and cottages in the state. The developers whose projects are in limbo include DLF, Janta Land Promoter Ltd, Omax Construction Pvt Ltd, Optima Construction Pvt Ltd, Amar Nath Aggarwal Builders Pvt Ltd and Surya Builders. Most of these developers’ projects are [...] Continue Reading »
