Category: Construction Industry

US-based company Kovorks partnered with Marvel Infrabuild to develop India’s largest co-working space in Bengaluru.

March 19, 2020

US-based flexible office space provider Kovorks collaborated with city-based Marvel Infrabuild to create India’s largest coworking facility with a capacity of around 25,000 desks. The new luxurious co-working space would extend across 15,000,00 sqft at Whitefield main road. Kovorks already runs versatile offices in seven locations in the US and Malaysia. “India’s co-working market has […]

US-based company Kovorks partnered with Marvel Infrabuild to develop India’s largest co-working space in Bengaluru.more

Credai –MCHI reports about 65% of home buyers defaulting on installments.

March 18, 2020

The coronavirus disease has had a crippling impact on the real estate sector with approximately 65% flat buyers defaulting on installments since last week, said Credai -MCHI, the apex body comprising more than 1,400 builders in the Mumbai metropolitan region (MMR). Worse, there are also reports of the closing down of malls that retail stores will […]

Credai –MCHI reports about 65% of home buyers defaulting on installments.more

Gujarat co-operative society’s residents can now apply for redevelopment.

March 17, 2020

Residential buildings incorporated under the 1962 Gujarat Co-Operative Societies Act and intending to conduct redevelopment can now apply to the Paldi Co-operative Registrar, according to an urban development department notification. There are 6,714 housing societies established under the GCS Act of 1962 in Ahmedabad and over the last three months, several of this demonstrated an unwillingness […]

Gujarat co-operative society’s residents can now apply for redevelopment.more

Construction work freezes in China due to epidemic prevention.

March 12, 2020

In February, construction operations in China halted when the government prolonged the lunar New Year break and urged residents to remain indoors for a coronavirus epidemic preventive. The flu-like disease began from central Wuhan has killed 3,158 people and affected over 80,000 in mainland China. Japan’s Komatsu report, one of the most significant manufacturers of […]

Construction work freezes in China due to epidemic prevention.more

Telangana High Court takes strict action against illegal constructions.

On 11 March, the Telangana High Court sent a strong note that those who hide behind stay orders received from courts to secure their unlawful systems are no longer safe. The High Court also demanded that Lokesh Kumar, Commissioner of the GHMC, provide information of all cases pending with the High Court and civil courts […]

Telangana High Court takes strict action against illegal constructions.more

Gujarat RERA receives notice from the High Court for dismissal of a builder case.

March 9, 2020

On 3 March Gujarat High Court issued a notice to the Gujarat Real Estate Regulatory Authority (RERA) seeking a response to the plea for dismissal on the day of the adjournment of the complaint. The RERA dismissed the argument after the declaration of an adjournment in a case, on the grounds that the party did […]

Gujarat RERA receives notice from the High Court for dismissal of a builder case.more

Developer held in cheating nearly 80 flat buyers in Mumbai.

March 6, 2020

After two years on the run and changing around a dozen SIM cards, a 51-year-old developer was arrested on Wednesday from Andheri area by the city economic offences wing (EOW) police, where he was staying in a rented flat. The accused, who is embroiled in five cases, had offered flats in the saleable portion of […]

Developer held in cheating nearly 80 flat buyers in Mumbai.more

South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.

March 5, 2020

MHADA has made investments in redevelopment buildings in South Mumbai less costly for developers. It directly translates into affordable housing for the common man at the heart of Mumbai. Are you living in a compact house in South Mumbai? Or perhaps, you’ll find yourself in an old building and have no other choice but to […]

South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.more

Yerappanahalli, an emerging residential locality in Bengaluru.

Yerappanahalli is located in the north-eastern outskirts of Bengaluru. The airport and Manyata Tech Park are near to it. Sources report that approximately 86% of the available properties are residential plots and 14% are residential houses. The Yerappanahalli locality rating by the consumers is 4 out of 5 on livability. The ideal type of property […]

Yerappanahalli, an emerging residential locality in Bengaluru.more

Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.

February 28, 2020

The State housing department would shortly be enabling the Slum Rehabilitation Authority (SRA) project beneficiaries to sell their homes in five years instead of ten years. Housing Minister Jitendra Awhad made the announcement at the assembly on 25 February to reduce the lock-in period. The decision was taken on the basis of a recommendation provided […]

Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.more

Category: Construction Industry

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