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Housing

Housing projects in Kolkata to undergo arsenic test

Housing projects in Kolkata to undergo arsenic test
Kolkata Municipal Corporation (KMC) has decided to tackle the arsenic threat looming large over the residential areas of the city. As per the new rules charted out by KMC, it has been made mandatory for promoters in certain parts of the city to get groundwater tested for arsenic before they can submit building plans. The [...] Continue Reading »

BJP criticizes BMC for its decision to cut down trees

BJP criticizes BMC for its decision to cut down trees
Criticizing Brihanmumbai Municipal Corporation (BMC) passing a proposal to chop down 481 tress for a housing project in Goregaon (E), BJP corporators have accused the civic administration of giving in to pressure from the developer and walked out of a general body meeting. The BJP has raised doubts over transplanted trees as a solution to [...] Continue Reading »

Noida Authority exempts flat owners from paying fine

Noida Authority exempts flat owners from paying fine
The Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered after purchasing stamp papers within the Supreme Court’s deadline of January 26, 2012. The Authority has decided to exempt them from paying the penalty of Rs 100 per day for the period after the purchase [...] Continue Reading »

Hiranandani to consrtuct 3,000 affordable homes in Powai

Hiranandani to consrtuct 3,000 affordable homes in Powai
The Hiranandani Group is to construct low-cost affordable houses in Powai. The Bombay high court restrained the Hiranandani group from starting any construction in Powai. The Powai project has been under much controversy so far. Following a public interest litigation (PIL) alleging large scale violations by Hiranandani in building flats instead of affordable houses in [...] Continue Reading »

Mumbai tops number of affordable houses

Mumbai tops number of affordable houses
A recent survey was carried out by real estate research firm Jones Lang LaSalle (JLL) on affordable housing in seven cities – Mumbai, New Delhi, Kolkata, Chennai, Pune, Ahmedabad and Bangalore. The survey shows that Mumbai tops six other cities in the country for the number of upcoming affordable housing projects. Around 15 projects are [...] Continue Reading »

BDA loses Arkavathy Layout land to BEML housing society

BDA loses Arkavathy Layout land to BEML housing society
Distracted with legal battles, the Bangalore Development Authority (BDA) has lost 108.94 acres out of its 2,750 acres to Bharat Earth Movers Limited (BEML)?Employees’ House Building Co-operative Society (HBCS) at several villages in north Bangalore. The land was taken for formation of Arkavathy Layout. Now, the civic body has laid claim to 1,200 acres, albeit with [...] Continue Reading »

NHB makes home loans easier for weaker section

NHB makes home loans easier for weaker section
Good news emerge for economically weaker section as National Housing Bank (NHB)has slashed its refinance rate by up to 100 basis points for home loans not exceeding Rs 5 lakh. NHB said it has reduced the rate to promote affordable housing finance for low income people in urban areas. It has been pondering schemes for [...] Continue Reading »

Property launches fell by 44% in Q2: C&W

Property launches fell by 44% in Q2: C&W
According to Cushman & Wakefield (C&W), residential property launches across major cities in India fell by nearly 44% to 17,500 units in the second quarter of 2012. C&W cites the prime reasons behind the fall being delay in approvals, significant inventory in certain places and postponement of project to accord new launches with the festival [...] Continue Reading »

Brick Eagle Capital invests in affordable housing with Xrbia

Brick Eagle Capital invests in affordable housing with Xrbia
Brick Eagle Capital Group is the latest to enter the low cost housing sector. It plans to invest Rs. 200 Crore in five projects of Xrbia Developers Limited. Xrbia is an affordable housing venture promoted by the Eiffel group. The proposed five projects will come up in the area of Karjat, near Mumbai, on 150 [...] Continue Reading »

SC stays HC’s rule, town planning official gets relief

SC stays HC’s rule, town planning official gets relief
The Supreme Court has put stay on a July 23 Haryana High Court ruling, providing temporary relief to TC Gupta, director general of the town and country planning department in Gurgaon. Gupta was found guilty of  allowing residential complexes in Gurgaon by issuing license to Anant Raj Industries for construction of housing colonies, despite the [...] Continue Reading »



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