Delhi
Recently, Tata Housing declared it is planning to invest Rs.1, 200 crore for developing 13 housing projects for senior citizens in the next five years. In Bangalore by the name of Riva Residences, the company had already launched its first project and work for similar projects would soon commence in more cities, including Chennai, Ahmedabad, [...] Continue Reading »
In Eastern Delhi the municipal corporation has cancelled all major projects sanctioned by the Trans-Yamuna Area Development Board last year. Reason for this is that the Aam Aadmi Party disbanded the board during its stint in government and told the agency not to award any new work. Before the collapse of the AAP-led government, the [...] Continue Reading »
Shortage of funds has made it difficult to start with the conservation process of 16 unprotected monuments. With no government instated in Delhi currently, officials say clearances for Phase II of the project—conceived by Delhi government’s archaeological department and Indian National Trust for Art and Cultural Heritage (Intach)—could take several months. Meanwhile, there have been [...] Continue Reading »
Some of the main reasons for fall in revenue collections in the National Capital are Spiraling cost of properties, high inflation rate, and worrisome slump in the economy owing to recession. This has resulted in buyers, especially from middle class, preferring NCR regions. The middle class are making a beeline to own property in the [...] Continue Reading »
One of the most ambitious infrastructure projects in Delhi, the signal-free road corridor from Vikaspuri to Waziarbad may miss its deadline. The four mini-projects related to the entire stretch, also known as the East-West Corridor, are also experiencing delays. Public Works Department cite “environmental issues” as the reason for the delay. They are saying that [...] Continue Reading »
Retirement homes, or senior citizen living spaces, are becoming big business in the country. Senior housing is a $25-billion industry worldwide, according to Jones Lang LaSalle India. India has an approximate demand for 3 lakh such homes prized at over $1 billion. The massive demand for flats or townships for senior citizen with or without [...] Continue Reading »
In Delhi 123 properties, under the control of the Land and Development Office, have been denotified enabling transfers of title to Delhi Wakf Board. The board can take decisions regarding the properties including selling them. These are prime properties in the capital. Manish Tewari, Minister for Information and Broadcasting informed that the cabinet has approved [...] Continue Reading »
A proposed six-lane bridge across Yamuna, parallel to the existing Okhla Barrage, will be offered to the Commuters travelling between Delhi, Noida and Faridabad. Just two bids have been received by Noida Authority for its tender, one of which has failed to comply with the parameters set. The Authority has pronounced to recall the tenders [...] Continue Reading »
Due to the political turmoil in the city over the past two months, the development work in the 1,000-odd regularized colonies has almost come to a standstill in the Capital. The work to provide the basic amenities to Lakhs of people of living in these colonies had been initiated in late 2012 and early 2013. [...] Continue Reading »
Chairman of leading real estate player Sobha Developers Limited, Ravi Menon, has been honoured with the prestigious ‘EY Entrepreneur of the Year Award 2013′ in energy, real estate and infrastructure category, making him one of the youngest recipients of this award. Menon was recognised, from over a total of 350 nominations, for creating world class assets working [...] Continue Reading »
