real estate project
The much-awaited Real Estate (Regulation and Development) Bill has obtained clearance from the Cabinet on 4th June. The Bill is expected to bring in transparency in the nation’s real estate sector with tighter norms for selling projects and preventing property fraud cases. This Act may be called as the Real Estate (Regulation and Development) Act, [...] Continue Reading »
Delhi-NCR: KV Developers is to invest Rs 300 crore for its new group housing project in Greater Noida by 2016 in which they are planning to build about 800 flats. This is the first real estate project by KV Developers. The realtor is planning to launch the project soon and to start the construction work [...] Continue Reading »
Supertech presents “Supertech Eco Citi”, India’s first Gold Standard Approved Residential Development, at Sector-137, Noida. The project is expected to be completed in December 2014. Supertech Eco Citi, an eco-centrism apartment, comes with a range of modern amenities such as 82% open landscaped area, two central park of 3 acres and 2 acres each within [...] Continue Reading »
The Uttar Pradesh Government has stalled two major multi-crore projects of Delhi. The Public Works Department’s (PWD) project on the bypass road in Kalindi Kunj area and Transco in Noida are the two projects which have been temporarily stopped by the Government. According to senior Delhi Government officials, CM Sheila Dikshit had personally spoken to [...] Continue Reading »
While the government of India forcing leading real estate developers to cater to the needs of buyers of economically weaker section (EWS) through developing affordable housing projects, the developers are concerned about the loss of incentives for being in the business of building affordable houses. Developers claim that there is no difference in the amount [...] Continue Reading »
In a move to help the company hedge against the over-exposure to its core market, Indiabulls Real Estate is to launch seven new projects outside Mumbai in the remaining part of 2012-13. The company is to launch residential as well as office projects in Sonepat, Gurgaon, Indore and Chennai. Including a township in Savroli on [...] Continue Reading »
While question marks have been put as to number of new project launches, Gee Cee Ventures has announced that it plans to launch a real estate project in Navi Mumbai. The project would be a residential cum commercial real estate project. It will be developed on a land bought for Rs. 101 crores at Navi [...] Continue Reading »
As the development authorities of Noida, Greater Noida and Yamuna Expressway have raised land rates the realtors remain apprehensive about the impact due to the increase. RK Arora, CMD, Supertech, stated that increased land costs would impact the group housing sector and the burden would have to be borne by the investors. Many developers feels [...] Continue Reading »
The government of India has planned to set up committee to evolve a workable strategy for reducing the time taken in approval of real estate projects in India. According to builders association, faster approval process can reduce the cost of any project between the range of 20 to 40 percent. The minister of housing and [...] Continue Reading »
It will be mandatory for a real estate mutual fund to invest at least 75 % of the scheme`s net assets in real estate companies and related securities. In that amount a minimum of 35 % was to be invested directly into real estate projects in India. The investment funds also will not be allowed [...] Continue Reading »
