group housing
The new rates are likely to be effective from next month. According to sources, the Noida Authority proposes to hike the land allotment rate of residential and commercial properties by 15% and industrial properties by 10%, respectively. Sources told sources the proposal is ready and will be tabled in the next board meeting of the [...] 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 »
The Delhi Development Authority (DDA) is planning to make a new provision in the Master Plan 2021 for introduction of studio apartments and service apartments. As per the proposal, studio apartments will be allowed to come up in residential zones while service apartments will be restricted to commercial centers. According to the DDA’s proposal, it would [...] Continue Reading »
Lucknow- Uttar Pradesh government has planned to revise housing policy in favour of developers for reserving certain percentage of units for economically weaker sections (EWS) of the society in their housing projects on above 3,000 square metres of land. The policy will be made applicable to both group housing and plot development projects. According to [...] Continue Reading »
New Delhi- Delhi Development Authority is hopeful of completing the Master Plan 2021 review by June-July 2013. In 2012, the Union urban development minister Kamal Nath had said that the mid-term review would be completed by the end of 2012. But as per sources, it was a tedious process as each amendment in the master [...] Continue Reading »
Belgaum- The government of Karnataka has been strictly accused by the Comptroller & Auditor General of India (CAG) for illegally denotifying land which was acquired by the Bangalore Development Authority (BDA). The report, Denotification of Land by Government and Allotment of Sites by BDA, containing all details regarding how the rules and court orders were jeered [...] Continue Reading »
Raheja Developers waiting for the approval for a 108 acres township project at Sohana Nagar, Gurgaon. The projected investment for the entire project will be around Rs.1000 crore. The developer has submitted the letter of intent to the approval authority and waiting to get the final clearance. The total investment will be made through internal [...] Continue Reading »
