Realty News
The Gurgaon district administration has found that few builders and promoters are selling unauthorized land. In a report the authority has informed the police to register a case against a real estate company here for selling plots of land without a valid license. One of such illegal real estate company is Earth Infrastructure Ltd. they [...] Continue Reading »
Today, the real estate sector is the most consumptive industry as it uses up a lot of money, energy and resources during the process of construction and throughout the building’s lifetime. With an average life time of 30 to 50 years, a building can contribute to huge economic and environmental losses if not designed carefully. [...] Continue Reading »
Fire accidents are being reported with unfailing regularity as the buildings and apartments in India are not following proper fire safely rules. Some major accidents happened in the past such as Uphaar fire tragedy in Delhi or Kumbakonam school fire in Tamil Nadu or AMRI hospital fire in West Bengal or the Carlton Towers fire [...] Continue Reading »
Mahima Worldwide Developers Pvt Ltd is a company with diversified interests like Real Estate, Marketing, Agritech etc. Mahima Groups is a leading real estate developer. The group has different residential projects in Bangalore and Patna. Mahima Group has constantly demonstrated ethical and transparency in real estate business practices. Mahima builders have a voracious urge to [...] Continue Reading »
GMR Infrastructure has reported net loss of Rs 3.66 billion in the financial year 2011-12. According to a company spoke person the loss is due to poor performance of the power segment due to shortage of gas and delay in the process of monetization of real estate at DIAL (Delhi International Airport). GMR Infrastructure is [...] Continue Reading »
In a recent study made by a real estate research firm it is revealed that the cost of properties in Delhi-NCR have increased by an average of 25 percent. Properties in Noida record the highest property inflation rate in the region, with a 48 percent increase in prices. The research was made over 40,302 residential [...] Continue Reading »
Prestige Estates Projects had launched real estate projects in India roughly about 9.6 million sq ft in 2011-2012, out of which they have sold almost 5 million sq ft with the sales turnover of almost Rs 2,127 crore. The rental income of Prestige Estates as of now stands at about Rs 187 crore and that [...] Continue Reading »
The real estate developers in India are concentrating more on the execution and completion of the older under construction projects in India. The real estate market is struggling to come out of the situation as project delay is a major concern for the investors as well as for the home buyers. It is reported that [...] Continue Reading »
The National Highways Authority of India (NHAI) has made a notification for widening of national highways to 45 meters in the district. The coordination committee of people’s forum had opposed the decision stating that this decision will help the land mafias in those areas. According to the group, widening of roads up to 30 meter [...] Continue Reading »
Two builders of Maurya Constructions and Developers Pvt Ltd accused of cheating the buyers around Rs 60 lakh were arrested from Doranda locality. The police took the action against a case filed by the people who bought flats from the builder. In the petition, the flats owners complained that the builders had threatened them of [...] Continue Reading »
