Housing projects
Gurgaon’s underground water table has reached a significant low of 51 metres and the state has failed to check on this. The water crisis which Gurgaon faced this summer is only going to get worse. The estimated demand is 200 million gallons per day (MGD), whereas Haryana Urban Development Authority (HUDA) is able to supply [...] Continue Reading »
The auditor general (AG) of Pune government has said that the Pune Municipal Corporation (PMC) has failed to collect proper stamp duty from various builders of the city. In their audit report of the slum rehabilitation housing projects in Pune it id found that payment of stamp duty and royalty charges from the contractors had [...] Continue Reading »
North Mumbai has become the preferred choice for developers to undertake new housing projects. In a recent survey, it is found that the Andheri-Dahisar belt has seen major construction, with 55 per cent of the new supply of residential units coming up in this area in the first quarter of 2012. Last year the construction [...] Continue Reading »
With the rising development of industries and factories in the Tumkur Road area, the growth of residential real estate is increasing in the area. Many high rise apartments in Bangalore are coming up in the Tumkur Road area, which are surrounded by factories, five star hotels, and super specialty hospitals. The improved transportation system in [...] Continue Reading »
The rise in the per capita income has increased the demand for housing opportunities in India. As a result the cost of the properties has also increased in Indian property market. It is noticed that the sudden rise in the property price has happened due to the lag between the demand and supply. Housing projects [...] Continue Reading »
The Rajiv Awas Yojana was announced in the 2009 budget. It was a government initiative to improve the living conditions for the urban poor through the construction of houses in India for the so-called economically weaker sections (EWS). A critical part of the program, amounting to one-fourth of such projects, is developing rental accommodation. However [...] Continue Reading »
The government is taking strong position against the illegal constructions in India. In a recent incident, the Noida authorities have put a halt to work on four housing projects of Logix Infratech Pvt Ltd citing violation of building laws. Thousands of apartments in Noida were constructed at Sectors 150, 147 and 137 by Logix group, [...] Continue Reading »
Bangalore based real estate developer Sobha Developer has set a target of Rs 2000 crore from selling of real estate projects in India. According to a higher official of Sobha developer, the growth momentum in terms of launching and booking of new projects will continue in the same pace. In last financial year of 2011-12, [...] Continue Reading »
Real estate in Bhopal will get 70 new housing projects after withdrawal of the compulsion for houses for Lower Income Group (LIG) and Economically Weaker Sections (EWS). Two years before the management had abolished the shelter charges and it was made compulsory to have EWS and LIG plots flats in every project. After that the [...] Continue Reading »
The Orissa Development Authorities Act, 1982 cannot be implemented to rural areas. In a judgment, the High court said that bringing 205 villages under the BDA planned area would take away the power, duties, functions and authority of gram panchayats by the development authority. In the order the high court restricts the power of the [...] Continue Reading »
