According to a report by property consultant Cushman & Wakefield, in 2016, the supply of retail space touched a five-year high to 5.3 million sq ft across eight cities. “Retail mall spaces have seen … READ FULL STORY
A bench headed by the National Green Tribunal (NGT) chairperson, justice Swatanter Kumar, on January 5, 2017, took the Ministry of Environment and Forests (MoEF) to task, for not ‘applying its mind’, while amending … READ FULL STORY
Housing minister Prakash Mehta, on January 5, 2017, announced that the Maharashtra government will only take a premium for redevelopment of Maharashtra Housing and Area Development Authority (MHADA) layouts and that the condition that … READ FULL STORY
Pedestrianisation of Connaught Place on a pilot basis, will be implemented for three months from February 2017, for ground-level testing of issues related to changes in traffic circulation, experience of pedestrians and shop owners, … READ FULL STORY
In a move that will help bring down the cost of home, auto and other loans linked to the marginal cost of funds-based lending rate (MCLR), more banks slashed their benchmark lending rates on … READ FULL STORY
The Lodha Group, on January 4, 2017, announced the setting up of its Startup Investment Fund, which will not only provide angel funding or venture capital, but also business opportunities, industry contacts and mentorship. … READ FULL STORY
Pointing out that the maximum damage to mangrove areas, have taken place in Colaba, Worli and Malvani, the Mangrove Cell of the Maharashtra government is likely to start fencing these areas by February 2017. … READ FULL STORY
Realty firm Godrej Properties has said that over 300 apartments of its Godrej Greens housing project in Pune, have been sold within two months of its launch. This represents more than 75% of the … READ FULL STORY
Taking a cue from State Bank of India, other lenders including India’s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost … READ FULL STORY
The National Green Tribunal’s (NGT’s) west zone bench, on January 2, 2017, comprising justice UD Salavi and Dr Ajay Deshpande, granted an interim stay on any kind of construction of the Pune Metro route … READ FULL STORY
Pursuing its aim of providing ‘homes and not houses’, the centre on January 2, 2017, said that it will not only provide a roof over the heads of as many as 44 lakh people … READ FULL STORY
Prime minister Narendra Modi, in his national address on new year’s eve, announced a slew of measures, to provide homes for the poor and middle-class in both, rural and urban areas. Elaborating on the … READ FULL STORY
In further relief to people hit by demonetisation, the Reserve Bank of India (RBI), on December 28, 2016, gave borrowers another 30 days, over and above 60 days, for repayment of housing, car, farm … READ FULL STORY
