Delhi
Indian Railways has come up with a new plan to generate revenues. Next financial year, the agency employing the largest number of people in Asia, plans to generate about Rs 5,000 crore by monetizing its land reserves. This Rail Land Development Authority (RLDA) led initiative involves five projects across the country. So far, in this financial year, RLDA [...] Continue Reading »
J Jayalalithaa, the Chief Minister of Tamil Nadu inaugurated a 400-bed Multi Super, Rs 141.14 crore, Speciality Hospital in the compound which was the erstwhile secretariat complex constructed by the previous DMK regime. The sprawling building had been built in an area of over 10 lakh sq.ft by the previous M Karunanidhi-led DMK government at the Omandurar Government Estate in [...] Continue Reading »
The joint venture real estate company of Dubai’s Emaar Properties and India’s own MGF Group is seriously considering the idea of what it calls an “iconic” building in India. The venture has since its launch in the country in 2005, remained focused on high-end residential and commercial properties (in the ratio of 9:1). The development activities of [...] Continue Reading »
Famed Realty firm, Ambience Group will invest about Rs 1,800 crore to develop an integrated township and two housing projects over the next four years. The Delhi based group plans to launch two housing projects in Noida and Gurgaon, comprising a total of 1,100 housing units and a 350-acre township at Panipat. The 150-acre project in Gurgaon, named as [...] Continue Reading »
DLF, India’s largest realty firm, said on Monday that following the scrapping of Rs. 6000 Crore project that it had bagged from the DDA in July 2007, it had received a refund of Rs. 675.81 Crores from the agency. DLF would now have to return the 35 Acres of land that it received from DDA [...] Continue Reading »
WAKF is a non-governmental organization registered with the Government of India and head quartered in New Delhi. This is a charitable trust who targeted projects to provide a whole lot of social services to the underprivileged in India. There are around 158 Wakf properties in Delhi which are under the illegal encroachment of Archaeological Survey [...] Continue Reading »
The Ministry of Road Transport and Highways (MoRTH) has come up with revised toll charges for four/six-laning expressways. The center has suggested that the investment will be rationalized its existing tolling norms across the 35,000-km stretch of National Highways. The road ministry has vocally confirmed that the affair of permitting road companies to collect toll [...] Continue Reading »
Kalindi Kunj Bridge was built in 1984 and since December 23, 2012 this carriageway was closed for repair work. Kalindi Kunj Bridge connects the south Delhi with Noida. The Uttar Pradesh state irrigation department has written to the Gautam Budh Nagar SP (traffic) and the authorities in Delhi had to divert the traffic traveling every [...] Continue Reading »
South West Delhi real estate sectors will soon compete with NCR real estate sectors as land prices in the green belt areas of 27 villages on the periphery of Delhi have seen a steep surge after the Delhi Development Authority notified the zone recently. According to the publication dated April 18, 2013, few zones like [...] Continue Reading »
The Delhi Government is taking new steps to deliver its promise towards the residents of unauthorized colonies. The building control norms stated in master plan 2021 will be relaxed so that regularization of the unauthorized colonies becomes possible for the 1,639 colonies. The state’s Urban Development Department has also asked for relaxations in MPD-2021, to [...] Continue Reading »
