The Environment Ministry, on August 2, 2018, informed the Madras High Court that the land acquisition process for the Chennai-Salem Greenfield corridor, was being done completely in accordance with law and the project cannot … READ FULL STORY
In different cases of alleged land grab in Chennai, the police have retrieved properties worth Rs 12 crores and arrested eight people. This included retrieval of a 12,000-sq-ft property at nearby Sholinganallur, where the … READ FULL STORY
New launches across the top nine cities declined by 20 per cent in Q2 2018 (April, May and June) over Q2 2017, whereas, sales were within two per cent of last year, according to … READ FULL STORY
The secondary real estate market in India has started showing signs of recovery, after being hit by the demonetisation drive. However, the industry and property buyers expect the government to streamline the market. A … READ FULL STORY
The Madurai bench of the Madras High Court, on July 19, 2018, ruled that all landlords and landladies are entitled to file or initiate rent control proceedings, by invoking the Old Rent Control Act, … READ FULL STORY
The productivity of an enterprise, is directly proportional to the happiness index of its manpower. However, when it comes to Indian real estate, a vast portion of the workforce remains disillusioned, while businesses seem … READ FULL STORY
According to data from job site Indeed, the real estate sector in India has seen a drop in the number of job postings, by eight per cent from May 2017 to May 2018, in … READ FULL STORY
There has been a whopping 50 per cent jump in overall new housing launches in Q2 2018, over the preceding quarter, with the maximum supply in the affordable segment (less than Rs 40 lakhs). … READ FULL STORY
As many as 31 water bodies in three northern districts of Tamil Nadu, have been taken up for restoration, under an initiative of the Confederation of Indian Industry (CII). The water bodies in Chennai … READ FULL STORY
The Comptroller and Auditor General (CAG) has blamed the Chennai Metropolitan Development Authority (CMDA) for the 2015 floods in the city, saying that the city development authority altered land uses in the metropolitan area … READ FULL STORY
The Madras High Court, on July 5, 2018, dismissed a petition filed by a local Tamil Maanila Congress (TMC) functionary, seeking permission for a public meeting in Salem against the proposed Chennai-Salem expressway project, … READ FULL STORY
The National Green Tribunal (NGT), on July 3, 2018, rapped the Tamil Nadu Pollution Control Board, for not obeying its order to refund Rs 12 crores to a private builder in the state and … READ FULL STORY
The Salem-Chennai expressway project is not meant for the benefit of any individual but for the overall development of Tamil Nadu, chief minister K Palaniswami said, on June 30, 2018. “It (the question) itself … READ FULL STORY
