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Construction

Mumbai witnesses surplus new launches

Mumbai witnesses surplus new launches
Mumbai has witnessed new launches of around 3,600 units in the recent April-June quarter which is more than twice the number of 1,700 housing units launched in January-March, said Abhishek Kiran Gupta and Gagan Agrawal of Bank of America Merrill Lynch. The Mumbai real estate is lagging behind for past one year owing to which [...] Continue Reading »

Residential segment witnesses higher PE exits

Residential segment witnesses higher PE exits
Foreign investors are funding Indian real estate market after the release of Press note 2 in 2005 which opened up construction and development for Foreign direct investment (FDI). Many investors who had invested at that time, largely in residential sector, are now heading towards maturity and are withdrawing their prime investments. According to a report [...] Continue Reading »

Chikmagalur Municipality set to check tax evasion

Chikmagalur Municipality set to check tax evasion
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »

New flat buyers to pay 15 per cent extra

New flat buyers to pay 15 per cent extra
The approval of the Greater Noida master plan by the statutory body of NCR Planning Board is all set to push the real estate prices in the region amid indications from developers that they would go for a price revision once the draft gets approved by the board. New buyers may have to end up [...] Continue Reading »

VUDA Visakhapatnam plot case – CBI inquires

VUDA Visakhapatnam plot case – CBI inquires
The Visakhapatnam Urban Development Authority (VUDA) had auctioned 21 plots in the year 2001, out of the land which was reserved for construction of a community centre. The auction was challenged in the High Court by the then president of the Sri Balaji Park Residents Welfare Association. The court called the act of VUDA as [...] Continue Reading »

Use fly ash instead of cement in construction – MSRIT students

Use fly ash instead of cement in construction – MSRIT students
The students of M S Ramaiah Institute of Technology (MSRIT), Bangalore have come up with a replacement to cement in construction, under the guidance of realty experts. Using fly ash instead of cement will reduce the construction cost of projects. Moreover, fly ash is a very economical and environment-friendly solution. According to a recent survey, [...] Continue Reading »

Noida developers warned of illegal constructions

Noida developers warned of illegal constructions
A warning notice has been issued to all developers who have been carrying out illegal construction activities by the Noida, Greater Noida and Yamuna Expressway authorities. The public notice states that the lease of project will be cancelled and the authority will immediately demolish the structure in case of any violation of rules. Many developers in [...] Continue Reading »

Kolkata’s RCGC plans to play game of realty

Kolkata’s RCGC plans to play game of realty
India’s oldest golf club, Kolkata’s Royal Calcutta Golf Club (RCGC), plans to enter real estate sector in order to create a regular source of income to rise its operational revenue and gather funds for the clubhouse and course upgrade. The club authorities will be signing a joint agreement with private equity (PE) player, Xander Group, [...] Continue Reading »

Nature remains far from Vasant Kunj!

Nature remains far from Vasant Kunj!
Those were the days when Vasant Kunj residents used to sight nilgai, deer, and wild hare easily in the 600-acre kikar forest. Now, with the rising urbanization and increase in population, one can only see traffic, mounds of construction rubble and garbage. The Rajokri forest, which used to be a forest reserve, now has become [...] Continue Reading »

New apartments being launched in Gurgaon

New apartments being launched in Gurgaon
The Raheja Developers will be investing Rs 300 crore in a group housing project at Haryana. The residential project has been named as ‘Oma‘ inclusive of 640 apartments with 40 storeys and it has been claimed as one of the tallest buildings at Dharuhera. The Raheja Developers Chairman and MD say that this project is [...] Continue Reading »



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