2022-10-15
The Ghaziabad Development Authority (GDA) is planning to revive the Indirapuram extension scheme, which was put on the back burner due to farmers’ protests over enhanced land compensation. GDA may now develop a mini-township with group housing societies on just 12 acres of land which it managed to acquire.
2022-10-14
Institutional investments in Delhi-NCR's real estate market jumped 2.5 fold year-on-year to USD 754 million during January-September, according to Colliers India. As per the data, Delhi-NCR attracted institutional investments worth USD 754 million during the first nine months of this year, compared to USD 301 million in the year-ago period.
2022-10-14
The nation's largest lender State Bank's home loan book has surpassed the Rs 6-lakh-crore-mark, making it the largest in the industry. To mark the occasion, the bank also announced a festive offer for home loan buyers, offering up to 25 bps discount on interest rate starting at 8.40 per cent and also the waiver of the processing fee till January 31, 2023.
2022-10-14
Citizens applying for sanctioning building plans for residential properties in "special category" will no longer require a NOC from the fire service department as the Municipal Corporation of Delhi has relaxed norms. Earlier, obtaining a prior no-objection certificate from the fire department was "mandatory" for the sanction of plans for residential buildings.
2022-10-14
BENGALURU urban development department has asked the rural development and panchayat raj department to hand over e-property data of two gram panchayats to BBMP. This comes in the backdrop of several areas of Kaggalipura and Somashettyhalli gram panchayats being brought under BBMP’s ambit. The Palike has implemented e-property software for ease of services.
2022-10-14
Chinese local governments have started buying up homes to bring down high unsold housing stock. Homebuyers have moved cautiously even though more than 200 cities have taken steps to boost demand, offering subsidies, group-buying discounts, smaller down payments and cuts in mortgage interest rates.
2022-10-14
The Gurugram bench of the Haryana Real Estate Regulatory authority (RERA) has directed International Land Developers (ILD) to refund a homebuyer's money along with interest as it failed to deliver the property on time. The complainant booked an apartment in ILD Arete group housing project on June 10, 2015 and the due date of possession was December 10, 2019.
2022-10-14
Goa state government hiked stamp duty for transfer of registration of immovable property. While the revenue department kept the stamp duty in the first slab unchanged, it has significantly increased duty for the other slabs by 50 basis points.
2022-10-14
Kochi Metro Rail Ltd (KMRL) is planning to complete the construction of its new line from JLN Stadium to Infopark at Kakkanad in two years. KMRL authorities sought the support of public and people’s representatives to complete the project in a time-bound manner.
2022-10-13
India Cements Ltd has entered into a pact to sell its entire stake in Springway Mining Private Limited (SMPL) to JSW Cement for a total consideration of Rs 476.87 crore. SMPL owns limestone-bearing land at Panna district and is in the process of setting up a cement plant at Damoh district in Madhya Pradesh.
