Realty News
A builder was asked to pay compensation of Rs 2 lakh to a couple by the Maharashtra State Consumer Commission for cancelling a booking of a flat. The builder cancelled the booking when the Thane based couple denied to pay Rs 1,000 per square feet which is more than the booking rate. The couple booked a 1,200 sq [...] Continue Reading »
Bombay realty, the real estate arm of Business conglomerate Wadia Group is coming up with its first fully integrated mixed-use project in Mumbai. The project ‘Island City Center’ will be located in Dadar. The project is spread over 29 acres which will host luxury residences, a five-star hotel, offices, serviced apartments, a high street, a mall, an [...] Continue Reading »
Larsen & Toubro, one of the leading engineering & construction company is planning to come up with one of the largest housing project in Powai campus in Mumbai measuring up to two million sq ft over 20 acres of land. The price of residential units in and around Powai is around Rs 25,000 per sqft. The [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
Real estate has been the most visible source for black money as it has never been regulated in India. This is also a hot topic in the India Parliament which opened on November 29, 2012. Other than real estate, black money also involves owners and investors. Black money is present in every step of a real estate project, [...] Continue Reading »
Recently, Writer Realty, the real estate branch of Writer Group has brought a two-acre of land for Rs 200 crores in Bandra. The company is planning to utilise this land for mixed-use residential purpose. By next year they are planning to launch a luxury residential project which will be located near Pali Hill. There was a [...] Continue Reading »
New Delhi- In a recent announcement made by Agro-chemical firm, Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra. Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as [...] Continue Reading »
According to a report submitted by DTZ, a property consultant, by 2020 the higher education sector will create real estate demand of around 900 million sq ft. This is to maintain the current gross pupil enrollment ratio of 12 per cent. However, with the current pace, it is not possible to achieve the target before 2036. Gross [...] Continue Reading »
Pune- The civic bodies are now able to get more funds intended for homes schemes for the weaker people. The Centre recommended to create a whole new fund scheme intended for low-income communities in order to purchase or construct house. The ministry of housing and urban poverty alleviation (HUPA) made a decision to up-date the [...] Continue Reading »
The Bhopal Municipal Corporation (BMC) has send notice to the owners of dilapidated buildings to demolish or reconstruct them as it poses risk to life of consumers, residents and shopkeepers. However, no actions have been taken regarding this from owners side yet. The BMC has marked around 217 buildings which are in bad shape and [...] Continue Reading »
