The Tamil Nadu government is implementing the Jal Shakti Abhiyan, a campaign for water conservation, in 5,807 village panchayats spread over 249 rural blocks, official sources said, on October 24, 2019. They claimed the … READ FULL STORY
The Madras High Court, on October 4, 2019, refused to quash a money laundering case filed by the Enforcement Directorate (ED), against real estate firm VGN Developers Private Limited, related to the purchase of … READ FULL STORY
The real estate sector, which witnessed decades of traditional approaches, will now be revolutionised by ‘disruptors’ that have initiated a new wind of demand in the sector, says a report titled ‘Real Estate – … READ FULL STORY
In 2017, the Chennai Metropolitan Area was expanded by eight times and all of the Kancheepuram district, along with Chengalpet, became a part of it. Since then, the demand for properties in the area, … READ FULL STORY
The National Highways Authority of India (NHAI) told the Supreme Court, on August 22, 2019 that the Rs 10,000-crore Salem-Chennai eight-lane green corridor road project, is of ‘national importance’ and that the Madras High … READ FULL STORY
Global warming, climatic changes, increasing population, construction activities, industrialisation, etc. – all of these are likely to worsen the water shortage that we already face today. To deal with this problem, municipalities all over … READ FULL STORY
In the top 9 cities in India, there has been a massive developer consolidation, with over 50% of the total developers that existed in 2011-12 leaving the market by 2017-18, according to PropEquity Research. … READ FULL STORY
Senior citizen Sitalakshmi Nair, a resident of Coimbatore, moved into a rental flat in Mumbai’s Matunga, to live in the same housing complex as her son. However, owing to the high rental in the … READ FULL STORY
Approximately 17,328 new residential units were launched in the three southern cities of Bengaluru, Hyderabad and Chennai in Q1 2019 – 17% higher than the previous quarter, according to the Vestian Quarterly Newsletter, ‘ … READ FULL STORY
Mahindra Lifespace Developers Limited has announced the inauguration of ‘ORIGINS’ by Mahindra World City, Chennai, located on the NH-16, near Ponneri. The industrial cluster has been developed in a 60:40 joint venture between Mahindra … READ FULL STORY
The Indian commercial real estate market is estimated to provide 294 million sq ft of REITable space from the existing office stock, according to JLL’s report titled ‘India REITs – Heralding a new era … READ FULL STORY
The market dynamics for the residential luxury segment, are different from other asset classes, primarily due to the target end-user segment and their expectations from such assets. Owning a prime piece of residential real … READ FULL STORY
A Supreme Court bench of chief justice Ranjan Gogoi and justices Deepak Gupta and Sanjiv Khanna, on April 22, 2019, said that it is not inclined to interfere with the Madras High Court order … READ FULL STORY
