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
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
The initial euphoria generated after the notification of the Real Estate (Regulation & Development) Act (RERA), on May 1, 2016, is now waning, with increasing doubts over its effectiveness in protecting the consumers’ interests. … READ FULL STORY
The centre, on April 26, 2017, sanctioned the construction of over one lakh more houses for the urban poor, with an investment of Rs 4,200 crores, under the Pradhan Mantri Awas Yojana (Urban). With … READ FULL STORY
A draft of a scheme to regularise unapproved housing plots and layouts in Tamil Nadu, has already been prepared and was under circulation, Advocate General R Muthukumaraswamy informed the Madras High Court, on April … READ FULL STORY
The Tamil Nadu government, on March 24, 2017, has proposed to extend the validity period of building planning permissions, from the existing three years, to five years. The move was necessitated due to difficulties … READ FULL STORY
The first bench of the Madras High Court, comprising chief justice Sanjay Kishan Kaul and Justice M Sundar, on January 30, 2017, declined to vacate the order banning the registration of plots and houses, … READ FULL STORY
The ministry of Housing and Urban Poverty Alleviation (HUPA), on January 18, 2017, has approved the construction of 78,703 additional affordable houses for the Economically Weaker Sections (EWS) in the states of Tamil Nadu, … READ FULL STORY
Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on January 17, 2017, asked all states to implement the Real Estate (Regulation and Development) Act, at the earliest. Describing it as one of … READ FULL STORY
The Madras High Court has refused to relax the ban on the registration of unapproved plots in Tamil Nadu, saying that the whole endeavour was to untangle the mess created by indiscriminate conversion of … READ FULL STORY
West Tambaram is one of the oldest neighbourhoods located in the southern part of the city of Chennai and is one of the major residential and commercial hubs of the city. Earlier the area … READ FULL STORY
West Mambalam is one of the oldest neighbourhoods located in the city of Chennai. The area was a village which was later included in the city of Chennai, when the zamindar of the area … READ FULL STORY
Known for the Vadapalani Andavar Temple and the famous film studios, Vadapalani is one of the oldest neighbourhoods located in the city of Chennai. The locality has a history which dates back to the … READ FULL STORY
