The Delhi Development Authority (DDA) has completed all the formalities for the launch of its housing scheme comprising 12,000 flats and the proposal has been sent to the Lieutenant Governor (LG) for his approval, … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on May 4, 2017, said that the government was working on Geographic Information System (GIS) mapping of all the properties in the state. “We are working on GIS mapping … READ FULL STORY
Chennai has witnessed a huge influx of population, owing to the growth in employment opportunities, especially in the IT and manufacturing sectors. Obviously, this had led to a rise in the demand for properties … READ FULL STORY
The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of ‘Housing for … READ FULL STORY
There are several abandoned and derelict under-construction projects in Mumbai, Navi Mumbai and Thane. For instance, in October 2009, Ajay Singh (name changed on request) invested in a 3-BHK, of a 16-storeyed under-construction project … READ FULL STORY
“Primarily and importantly, the metro has to come to Mumbai. Considering the traffic woes people are suffering from, the metro needs to come to ease them out. “Now, we will have to see what … READ FULL STORY
The Allahabad High Court, on May 3, 2017, declined a plea to unseal 1,060 flats in Supertech’s Czar Suites, in Greater Noida. The flats, which were allegedly illegally constructed, were sealed following the order … READ FULL STORY
The Delhi High Court, on May 3, 2017, said that it is the job of the union urban development minister to monitor the situation arising out of unauthorised constructions in the national capital and … READ FULL STORY
A study by credit information company CIBIL, has revealed that loans meant for affordable housing (home loans of under Rs 10 lakhs ticket size), have shown a robust 23 per cent CAGR over the … READ FULL STORY
Rakesh Sharma, a retired doctor, spent his lifetime savings to buy an apartment along the Noida-Greater Noida Expressway. Sharma, who already owned a house in Delhi, hoped to lead a comfortable life after retirement, … READ FULL STORY
Haryana chief minister Manohar Lal Khattar, on May 2, 2017, said that a web of metro train connectivity would be woven in and around Gurugram, to ease the traffic woes. Presently, the metro rail … READ FULL STORY
Xander Group, on May 2, 2017, signed a deal with Shriram Properties, to acquire 100 per cent stake in Shriram’s Gateway SEZ in Chennai, for USD 190 million (Rs 1,250 crores), with a further … READ FULL STORY
Although the Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March 2016 and all the 92 sections of the Act come into effect from May 1, only 13 states and … READ FULL STORY
