Residential units
Unitech, Real Estate Company, is set to deliver at least six million sq ft of developed area this financial year by increasing its construction spending, a jump from its rate of four million sq ft annually in the past few years. Prior to 2009, when the economy started slowing, the company had nine million sq [...] Continue Reading »
The residential segment of the real estate market, defies the price determining demand-supply mechanism. The Fitch group’s research arm, India Ratings and Research Pvt. Ltd. recently came up with a report titled “2014 Outlook: Real Estate Sector”. It has been said in the report that the prices of residential units have risen continuously since financial [...] Continue Reading »
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
Dharuhera is the fastest emerging industrial town on the outskirts of Delhi. As per the report, Dharuhera is the fastest growing town of Haryana and that it is also the new growth corridor of Gurgaon and New Delhi. Strategic location Dharuhera is situated on NH-8, the busy Delhi-Jaipur Highway, and is on an hour’s drive [...] Continue Reading »
New Delhi: With few minor modifications, the redevelopment plan of Kidwai Nagar (East) has been approved by the Delhi Urban Art Commission (DUAC). If the area is redeveloped, it is expected to allow multi-storeyed residential towers comprising around 4,800 residential units besides one million feet of commercial space in that area. the project will be [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) which represents the organised real estate developers and builders across the country is seeking a reduction of mandatory provision of reservation of housing units from 15 percent to 5 percent of the total built up area for economically weaker section (EWS) quota. The joint secretary [...] Continue Reading »
Pune: A 46-year old developer of Pune, Kumar Properties, has come up with its first luxury project named ‘Sienna’ at Hadapsar, Pune. the developer has planned to launch many luxury residential projects under its Privie brand. Spreading across four acres of land in a prime location, Sienna offers 3BHK and 4BHK apartments in Pune. It [...] Continue Reading »
Gandhinagar: New housing policy has been drafted by the Gujarat government and is expected to be announced in a month’s time. According to sources, the government will simultaneously announce two sub-policies on slum rehabilitation and affordable housing in the cities. The state government has been planning to develop 22 lakh houses in the urban areas [...] Continue Reading »
Lucknow- Lucknow Mayor Dinesh Sharma directed the corporation officials to form a committee in order to bring in transparency in the house tax assessment system and applicable interests on them. The decision came in following the complaints lodged by corporators about residents being overcharged and being compelled to pay compound interest during collection of taxes. [...] Continue Reading »
Bhubaneswar- Odisha developers are suspicious with the state government’s plan of developing one lakh affordable houses in 10 years. The government had initiated ‘scheme for affordable urban housing in Odisha-2012′ which directs developers to reserve 15 percent built-up space for developing residential units for economically weaker section (EWS) and lower income group (LIG). But the [...] Continue Reading »
