2022-10-11
Residential sector saw an annual growth of 15% in July-September 2022. Sold 73,691 housing units across top eight cities in the country from 64,010 in Q3 2021. All markets saw average prices increase in the range of 3% to 10% YoY during this period.
2022-10-11
The housing scheme for the Economically Weaker Sections (EWS), mooted by the Greater Mohali Area Development Authority (GMADA), has gone into hibernation mode as even after many efforts, the authority has failed to launch the scheme till date. In total, GMADA was planning to construct 22,000 flats for the EWS, for which the authority has already acquired 230 acres of land for the project.
2022-10-11
The Chandigarh railway station is to pay Rs 2.30 crore property tax in 15 days or face action, according to a notice issued by the municipal corporation (MC). The recovery notice mentioning the property tax for the financial year of 2022-2023 includes arrears the railway station has not deposited.
2022-10-10
Private equity investment in real estate increased 40 per cent during the April-September period of this fiscal to USD 2.8 billion, with a huge inflow coming from foreign funds especially in office assets. According to the Anarock report, PE investment stood at USD 2 billion in the corresponding period of the last financial year.
2022-10-10
Punjab government has simplified procedures to enable speedy clearances of change of land use (CLU) certificates, completion certificates, layout and building plans. This has been done by decentralising regulatory approvals that empower Urban Development Authorities, to grant approvals.
2022-10-10
The civic body has decided to conduct GIS (geographical information system) mapping of the entire Nashik city to help in planning various development works. The work has been started through two private agencies. The Nashik Municipal Corporation will be doing the mapping in five divisions of the civic body, covering almost 85% of the city.
2022-10-10
American multinational corporation Qualcomm has picked up over 1.8 million sq ft spread over an entire 20-storey commercial tower in realty developer K Raheja Corp’s information technology park in Hyderabad. The new office is expected to accommodate over 17,000 employees, including its existing staff in Hyderabad that is expected to shift here and new joinees.
2022-10-10
The MahaRERA has directed the developer of a project in Worli to pay a compensation of Rs 15 lakh — Rs 14 lakh for “loss of opportunity and loss of comfort for lifelong users” and Rs 1 lakh as compensation for mental agony to a couple. However, the developer failed to allot the flats or enter into an agreement of sale and amended the sanctioned plans without consent and changed it to 2 BHK flats measuring 900 sq ft.
2022-10-10
Lucknow Development Authority announced plans to develop a multi-storey housing and commercial complex in the green corridor along Gomti. LDA vice chairperson Indramani Tripathi instructed the members of Project Implementation Unit (PIU), constituted for the implementation of the project, to prepare a land bank after conducting a survey of the route.
2022-10-10
Environment minister Nilesh Cabral said that the state government has decided to set up construction and demolition (C&D) waste recycling facility at Cunchelim, Mapusa. “The site has been identified. It is government property and we plan to set up a construction and demolition waste recycling facility plant there,” he said.
