Chennai
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 »
Builders are tapping domestic PEs and NBFC to raise cash as banks turn wary of financing construction projects. Under a receivable financing deal, which is generally for 12-18 months, money generated through installments paid by home buyers is put in an escrow account by the builder and used only for repayment to the lender and [...] 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 »
PropEquity, an online data and analytics search platform, has conducted an extensive study of the construction delays in real estate projects and the impact on the industry. Data points covering over 10,000 projects being executed by over 1,500 developers across 11 cities in prime residential locations have been studied to arrive at the trends contained [...] Continue Reading »
By August, the State Information Commission (SIC) plans to introduce the option for applicants to check the status of their RTI application through SMS and through the SIC website. Pointing out that this would spare applicants the effort of making a visit to the commission in person to enquire about the status, Sripathi added that [...] Continue Reading »
According to a research report by Crisil Research, large builders like DLF, Unitech, Parsvnath, Omaxe, Ansals and Emaar MGF have already diversified into smaller cities of the country. The cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam are expected to add 354 million sq ft of residential development in the [...] Continue Reading »
People-friendly administration is new Krishnagiri District Collector C.N. Maheshwaran’s agenda. At his maiden weekly Grievance Day Program on Monday, he gave instructions to all department heads to maintain registers for public complaints. He insisted that each and every complaint should be countersigned by the head of the department. All the departments should appoint a liaison [...] Continue Reading »
About two decades ago, IIT Madras estimated that about 650 waterbodies existed in the Chennai region. More than half of them were located south of River Adyar. At present, most of the waterbodies within the city have vanished and only a few remain in the immediate periphery. According to records of the Water Resources Department [...] Continue Reading »
The delay of Porur flyover made life difficult for motorists travelling on Mount Poonamallee Road and Arcot Road. The delay in the land acquisition process has delayed the project to construct a flyover at the busy Porur junction. The Rs.34.72-crore flyover would benefit motorists travelling on Mount Poonamallee Road and Arcot Road and expected to [...] Continue Reading »
The local body had failed to ensure adequate supply of protected drinking water to the residents of Anna Street and many other parts in Veerappan Chatram Municipality. Over 100 residents of Anna Street blocked the traffic in Veerappan Chatram Erode. They also pointed out that the sanitary conditions in many residential colonies remained poor as [...] Continue Reading »
