Project completion
The Andhra Pradesh Housing Board (APHB) and private players have stalled the property registrations of various residential and commercial projects which in turn has created inconvenience to the property buyers as the hurdles involved are not yet cleared by them. The registration which had a deadline was put on hold as the project completion and power pf attorney [...] Continue Reading »
Mumbai, NCR and Bangalore alone took up 75 per cent of the total office space absorbed in India in the April-June quarter. Almost 96 per cent of the entire space was left unsold and got added to the present quarter. Other cities such as Chennai, Pune and Hyderabad experienced delays in project completions. But however, [...] Continue Reading »
NHAI once targeted to construct 20 Km road in a day. But the authority is lagging in pace for completing the projects. According to an official of The Parliamentary Standing Committee on Transport, Tourism and Culture, NHAI is not in a position to complete any project within the scheduled period. It is also reported that [...] Continue Reading »
The Union ministry of housing & urban poverty alleviation has prepared the draft of the real estate regulatory bill. The proposal in the draft will encourage the builders to promote clarity regarding the project information. The proposed draft also ensure that builders will concentrate about timely project completion, failing which penalties will be imposed. Failing [...] Continue Reading »
The Private Equity invested into Indian Real estate during the period of 2006-07. It is the time to return the investments. However as the development of those projects are running behind the schedule, the Realtors are looking for secondary PE deals to pay back the initial investments. According to the analysts the PE firms are [...] Continue Reading »
According to a recent survey made in all major cities in India, it is found that most of the Real Estate projects in India are running behind the schedule. The scenario is worst in the capital city. According to the survey the builders in Bangalore and Mumbai are working more efficiently than other parts of [...] Continue Reading »
Nowadays, development of projects are getting delayed because of many factors. It is not always builders’ fault! The factors may range from getting Government approvals on the property, hike in property prices and borrowing rates, unavailability of skilled and unskilled labourers and land acquisition from true owners, etc. The Real Estate Transparency Index 2011 showed [...] Continue Reading »
