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Omaxe starts allotment of EWS houses
DRAW OF LOTS TO DECIDE ALLOTTEES FOR 615 UNITS UNDER THE EWS SCHEME AT TICKET PRICE OF RS 3.10 TO 3.24 Leading real estate developer, Omaxe Ltd, on Thursday began the process to allot flats to Economically Weaker Section (EWS) at PDA Omaxe City, Patiala, Punjab. Omaxe allotted 960 units with basic amenities, well-furnished layout, at [...]
Continue reading...Realty in Mohali gains momentum
13. July 2010
The Greater Mohali Area Development Authority’s (GMADA) dream project, Aerocity, coming over 1,000 acres in Mohali and offering accommodation for 4,000, has evoked an unanticipated response, signaling real estate in the region is moving in a positive direction. GMADA expects to sell around 300,000 forms in just a month for the 4,000-odd accommodations, indicating a rise [...]
Continue reading...GMADA told to find a new dumping ground site, again
9. July 2010
New proposed site also rejected by State Expert Appraisal Authority for Environment After the Punjab and Haryana High Court issued a notice to the Greater Mohali Area Development Authority (GMADA) to find a new site for the dumping ground, the State Expert Appraisal Authority for Environment has rejected the proposed site for dumping ground in Sector [...]
Continue reading...Aerocity: Draw of Plots in July-end
25. June 2010
LETTERS OF INTENT TO BE ISSUED IMMEDIATELY THEREAFTER; BANKS LOWER RATE OF INTEREST The Greater Mohali Area Development Authority (GMADA) will hold the draw of lots for the Aerocity project in the last week of July and issue letters of intent immediately thereafter. GMADA hasn’t settled on a date yet for holding the draw of lots, [...]
Continue reading...Delay in completion of Sukhdev Enclave
18. June 2010
The completion of multistorey residential complex - Sukhdev Enclave - on Hambran Road here has been delayed. Enquiries conducted by Hindustan Times reveal that a couple of points were not taken into consideration at the time of signing contract with the private contractors, resulting which the delay has been caused. Ludhiana Improvement Trust (LIT) is constructing 458 [...]
Continue reading...LIT holding back info on ‘82 housing project’
8. June 2010
State Information Commission, Punjab, has summoned a RTI applicant Rajinder K. Singla to appear before it 11 times without providing him any information. During this period, the executive officer-cum-Public Information Officer (PIO) of Ludhiana Improvement Trust has appeared for hearing only once. Yet, he has not been penalized for his absence nor been Singla awarded any [...]
Continue reading...Ludhiana Builders Association demands regulatory committee
7. June 2010
Expressing concern over hike in the prices of construction material in the recent past, Ludhiana Builders Association has urged the government to constitute a regulatory committee for settling of basic rates of the construction material for a particular period. Addressing a joint press conference here on Sunday, the association patron S.S. Mavi, president H.S. Virdi, general [...]
Continue reading...Affordable homes in Punjab and Haryana
29. May 2010
affordability’ scenario in some of the Tier-III cities of Punjab and Haryana With the realty sector showing signs of recovery the property prices in the tier -III cities of Punjab and Haryana are once again heading north. And, experts feel, the time is right for the end-user to assess the market scenario, especially the affordable housing [...]
Continue reading...Punjab & Haryana Metro project route extended
20. May 2010
PUNJAB DEMANDS FIRST CORRIDOR TO BE EXTENDED TILL MULLANPUR WHILE HARYANA GOVERNMENT DEMANDS ITS EXTENSION TILL SECTOR 21 IN PANCHKULA The Metro rail project will touch new destinations going beyond the points decided earlier for the tricity. This would be done in the first phase of the project as per the demand of Punjab and Haryana [...]
Continue reading...Nod to property law changes for women
18. May 2010
The Punjab Council of Ministers on Monday approved certain amendments in three different laws giving equal rights to women in the property of their parents. The Cabinet approved amendments in certain provisions of the Punjab Land Reforms Act, 1972, Punjab Security of Land Tenure Act, 1953, and the Pepsu Tenancy and Agricultural Land Act, 1955, which [...]
Continue reading...Attractive real estate investment options in Amritsar
8. May 2010
An attractive real estate investment destination for both developers and investors, the Amritsar realty market is coming back to life after two-and-a-half years of stagnation Attractive The religious and spiritual centre of Punjab because of its Golden Temple, Amritsar city is also known for its food and culture. It gets the highest number of non-resident Indian [...]
Continue reading...Omaxe launches India Trade Tower in Mullapur
6. May 2010
Omaxe Ltd, India’s leading real estate developer, on Wednesday announced the launch of “India Trade Tower“, the tallest commercial edifice of Punjab in Mullapur. This office-cum-shopping complex will be a part of the proposed Global Business Park which will be an international hotel and business hub spread over approximately 26 acres. India Trade Tower will be a [...]
Continue reading...airport city - HC gives hope to farmers
6. May 2010
DRAIN FROM TREATMENT PLANT ONLY SOURCE OF WATER FOR IRRIGATION; GMADA TO ADDRESS CONCERNS BEFORE PLUGGING IT The Greater Mohali Area Development Authority (GMADA) will have to consider the representation of farmers, who are against plugging of a drain for developing Airport City.Justice K. Kannan of the Punjab and Haryana High Court on Wednesday directed the [...]
Continue reading...Omaxe expects Rs 120 cr from commercial complex in Punjab
5. May 2010
Real estate firm Omaxe today said it would develop an office-cum-shopping complex in Punjab and expects a sales revenue of Rs 120 crore over the next two and a half years. The company today launched ‘India Trade Tower’, arguably the tallest commercial edifice of Punjab in Mullapur (near Chandigarh), Omaxe said in a statement. The complex, which [...]
Continue reading...Housefed to construct 2,500 new flats
29. April 2010
Housefed Punjab-The Federation of Co-operative House Building Societies Ltd. has set a target to construct 2500 new flats in current financial year. In a meeting of the Housefed officials and 400 representatives of various societies, presided over by Chairman the members passed budgetary provisions. Addressing the gathering, Bawa said the Housefed has earned a profit of Rs [...]
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30. July 2010
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