Developers
Many real estate projects in Mumbai‘s western suburbs have been halted in recent times due to the sluggish demand and new Development Control Rules (DCR). Brihanmumbai Municipal Corporation (BMC) recently came up with a list of delayed projects in Mumbai and the western suburbs accounted for 202 of the 326 stalled projects in the city. [...] Continue Reading »
The Punjab and Haryana high court order barring developers from using ground water continues to draw sharp reaction from developers. The developers blamed the government stating that in spite of collecting external development charges (EDC) and infrastructure development charges (IDC) from them, the government has put them in a precarious situation. They argued that Haryana [...] Continue Reading »
The Punjab and Haryana high court on Monday stopped issuing new licenses to developers in Gurgaon, because of the depleting groundwater situation, which has come as a relief to the residents in the area as they have been facing severe water crisis. Most of the Gurgaon is dependent on groundwater and more than 60 MGD [...] Continue Reading »
While making his position clear on tackling the alleged nexus between the BMC officials and construction lobbies, the Maharashtra Chief minister Prithviraj Chavan admitted that development charges of Rs. 102 crore is yet to be recovered from the developers. It is to be noted that the usual procedure is that BMC recovers this charge from [...] Continue Reading »
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 »
Buyers staged a protest in Greater Noida for lack of transparency in the system as developers were booking houses and plots without getting layout plans approved by Yamuna Expressway Authority. They demanded that the Authority has to upload the status of developers and their projects in their area on their official website. On Wednesday, buyers [...] Continue Reading »
Files of real estate projects are piling up at the Hyderabad Metropolitan Development Authority (HMDA) for the past two months waiting for approval. The new metropolitan commissioner Neerabh Kumar Prasad is said to be sending the files back to the developers red-marked with query after query so that the files stay in endless cycles. The [...] Continue Reading »
A workshop was organised by Embarq India, a not-for-profit enterprise of the World Resources Institute (WRI), in which town planners, architects, mobility experts as well as developers discussed the concerns with regard to sustainable mobility and infrastructure within special residential zones (SRZs) that are coming up in the city outskirts. According to the Confederation of [...] Continue Reading »
Local developers show mixed reactions as the revised government order (GO 245) on affordable housing issued by the Municipal Administration and Urban Development (MAUD) department on Saturday. While developers lauded the state government for exempting projects measuring up to 5 acres from the EWS/LIG clause, they rued its decision to lay separate guidelines for the [...] Continue Reading »
Jamshedpur realty, being chased by one or the other crisis, did not yield good response in the first two quarters of 2012. When the developers were finding ways to tide over the Chotanagpur Tenancy (CNT) Act 1908 crisis and Sanjeevani Buildcon fraud episode, the economic slowdown has just hit them hard. Jamshedpur Builders Association Chairman, [...] Continue Reading »
