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Emaar MGF to invest Rs 500cr on Gurgoan housing project
Real estate major Emaar MGF will invest Rs 500 crore to build a mid-income housing project at Gurgaon in Haryana. The company, which plans to launch its initial public offer to raise up to Rs 3,850 crore, would develop 1,250 units in the 29 acre-project located at Sector-77 in Gurgaon. Sources said that investment in the project [...]
Continue reading...Metro Rail take four years to go Greater Noida
11. March 2010
Greater Noida from Noida’s way to bring the Metro. Construction will begin this year. To complete it in four years time DMRC has sought, but the Authority has demanded earlier to start Metro. Wednesday of the subway Detaild DMRC project report (DPR) submitted to the Authority. Greater Noida Phase One construction of the Metro DMRC [...]
Continue reading...Tallest Indian skyscraper gets its act together
11. March 2010
The Rs1,200 crore project, India’s most expensive residential address, has been bogged down by legal issues over the dangers its construction posed to the stability of Cumballa hill, on which it was being built Eight years after construction began at the Imperial twin towers project in Mumbai, its developers have finally received the mandatory occupancy certificate [...]
Continue reading...Why collect tax if building illegal? SCB asked to clarify
11. March 2010
Hyderabad: An inquiry committee probing the March 3 accident in which a Kiran aircraft performing aerobatics as part of India Aviation-2010 show crashed into a three-storied building in New Bowenpally, sought a clarification from the Secunderabad Cantonment Board (SCB) on the tax paid by building owner L Ramesh Kumar on the unauthorised building. A three-member committee [...]
Continue reading...Builders cash in on proposed infra projects to hardsell flats
11. March 2010
Ananya Shekdar, a software professional, during her daily hunt for a flat was surprised when she came across a developer in Wadala who showed her the map of his residential building scheme, boasting of the site’s proximity to upcoming projects like the trans-harbour link, the Metro rail and the Monorail. In Navi Mumbai too, proposed projects [...]
Continue reading...‘Set up panel to check SRA fraud’
11. March 2010
Taking a serious note of the large-scale resale of flats allotted under slum rehabilitation schemes, the Bombay high court on Wednesday recommended to the Maharashtra government to set up an “independent authority’’ to monitor and take action against such offenders. The advice followed a report submitted before a division bench of Justice F I Rebello and [...]
Continue reading...Industrial plots not for houses
11. March 2010
These can’t be converted into residential plots, rules apex court; Punjab govt to get back 100 acres allotted for the purpose The Punjab government is set to get back about 100 acres of land in Phase VIII- A and VIII-B of Industrial Area here with the Supreme Court ruling that industrial plots can- not be converted [...]
Continue reading...UP MLA held for cheating Noida builder
10. March 2010
FAKE LETTERHEAD OF EX-CM USED TO CON A former UP minister and sitting MLA from Shikohabad was arrested by the Noida police on Monday and sent to judicial custody after his anticipatory bail in a cheating case was rejected by a local court. The police said he allegedly cheated a builder of Rs 5 crore. The [...]
Continue reading...GMADA Relief for 900 allottees
10. March 2010
Though GMADA has allowed the Sector 76-80 allottees to construct houses, they will have to give an undertaking that they won’t seek basic services for the areas under litigation The Greater Mohali Area Development Authority (GMADA) has allowed nearly 900 allottees in Sector 76-80 to construct houses on their plots. However, the permission comes with a [...]
Continue reading...DDA will paint your building, fix worst ones
10. March 2010
HOME WORK Prompted by HT reports, will create fund to maintain infrastructure If you live in a shabby DDA colony, get ready for a makeover. The Delhi Development Authority has woken up to its responsibilities after Hindustan Times last month highlighted the appaling condition of its housing colonies. Recently, Lieutenant Governor Tejendra Khanna, who is also DDA chairman, [...]
Continue reading...Proposed Metro Routes Ghaziabad
9. March 2010
PHASE – I : Rajive Chowk To Vaishali PHASE – II : Vaishali – Indirapuram – Mahrauli PHASE – III : ISBT (Delhi) – Old Bus Stand Ghaziabad
Continue reading...Centre no to subsidy for housing projects
8. March 2010
Uttar Pradesh government is set to lose its sleep over a missed ‘discount’. In a move which potentially threatens state government’s scheme to provide affordable housing to all, the Union ministry of housing and poverty alleviation has rejected the proposals pertaining to subsidy under the scheme. What has actually made the housing officials here jittery is [...]
Continue reading...Unique Designer Gardens, Parks Planned Along Sabarmati Riverfront
8. March 2010
Get ready to walk on some outof-the-world green spaces along the banks of Sabarmati. The mega Sabarmati riverfront project will now have urban green spaces with a difference. Sabarmati River Front Development Corporation Limited (SRFDCL) has roped in a panel of designers specifically entrusted to come up with innovative designs for envisaged parks and gardens along [...]
Continue reading...Bigger burden for developers
8. March 2010
To Pay For Infrastructure Projects In Residential, Industrial Layouts Even as the real estate sector recovers from the economic slowdown, land developers should brace to pay improvement expenses for residential and industrial layouts developed on single unit property. These include expenses incurred directly or indirectly on laying roads, drains, flyovers, providing water supply and street lighting [...]
Continue reading...Soon, a single flat owner can apply for conveyance
8. March 2010
The much-awaited deemed conveyance rules will allow even a single flat owner to apply for conveyance even if other members of the society and the builder gang up against him/her. Various secretaries and chairmen of housing societies had gathered at a hall in Thakur Complex, Kandivli (E) to discuss salient features of the deemed conveyance on [...]
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- Supertech to invest Rs 4,000 cr in 15 projects; plans IPO
- Emaar MGF to invest Rs 500cr on Gurgoan housing project
- Metro Rail take four years to go Greater Noida
- Tallest Indian skyscraper gets its act together
- Shapoorji, Ethiopia ink 50,000ha land deal
- Why collect tax if building illegal? SCB asked to clarify
- Builders cash in on proposed infra projects to hardsell flats
- ‘Set up panel to check SRA fraud’
- Industrial plots not for houses
- Khaitan IAS man to Head Delhi Real Estate Practice
11. March 2010
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