Category: Features

Prime Minister speaks about the rapid construction of PMAY houses during the pandemic period.

September 12, 2020

Prime Minister Narendra Modi stated on Saturday that the average housing construction time for the Pradhan Mantri Awas Yojana (PMAY-Gramin) were 45 to 60 days against 125 days at the time of the pandemic, as migrant workers returned home during lock-down and contributed towards it. He said that under the PMAY, during the coronavirus phase, […]

Prime Minister speaks about the rapid construction of PMAY houses during the pandemic period.more

Revenue reforms will simplify the process of property tax assessment.

September 11, 2020

Hyderabad- Revenue reforms will not only benefit property owners that run around for mutation (transfer of ownership) but will also simplify the process of property tax assessment for those residing within the GHMC limits. Earlier, the buyer had to go to the GHMC’s citizen service centre, along with a demand draft, latest encumbrance certificate, affidavit, […]

Revenue reforms will simplify the process of property tax assessment.more

Bombay High Court ordered MMRDA to stop road-widening work on housing society plot.

September 10, 2020

On 8 September, Bombay High Court ordered MMRDA “for further stalling of road-widening work on a property owned by a housing society” in Kurla, after alleging that the government had “high-handedly” taken over 700 square metres. The work is carried out in an extended road from Kurla to Vakola on a road between Santacruz and […]

Bombay High Court ordered MMRDA to stop road-widening work on housing society plot.more

Adani Realty leases 30,000 sqft of space to Japanese largest bank MUFG.

September 7, 2020

The largest bank of Japan MUFG pick up 30,000 sqft of space on rent for 10 years for approximately Rs 90 crore at the commercial building in Adani Realty at BKC, sources said. After many years in Nariman Point, the bank that started operations in Mumbai in 1953 relocates its Indian headquarters to BKC. Established […]

Adani Realty leases 30,000 sqft of space to Japanese largest bank MUFG.more

IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.

September 4, 2020

Crisis-hit IL&FS will be inviting initial bids to sell its corporate headquarters in the Bandra-Kurla Complex (BKC) in Mumbai at the end of this month, almost two years after the debt-ridden infrastructure lender folded, two people with direct development knowledge said. By the end of this financial year, the organisation aims to monetise the high-end […]

IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.more

PNB Housing Finance plans to lay off around 5-7% of its employees to streamline costs.

September 3, 2020

The PNB Housing Finance mortgage lender is intended to lay off around 5-7% of its employees to an apparent effort to streamline costs as the business is declining, joining an extensive number of firms which trimmed their workforce over the last six months. On Wednesday, barely a month after Hardayal Prasad began taking as chief […]

PNB Housing Finance plans to lay off around 5-7% of its employees to streamline costs.more

BBMP plans to launch smart parking on 10 CBD roads in a month.

September 2, 2020

Smart parking is going to be launched on 10 CBD roads in a month. BBMP planned to introduce the system on 85 roads with a particular emphasis on Central Business District (CBD). Initially, the facility is accessible on 10 roads. The project is being implemented according to the Public-Private Partnership (PPP) model and includes the […]

BBMP plans to launch smart parking on 10 CBD roads in a month.more

GMDA initiates Geographical Information System to prevent land scams.

September 1, 2020

In order to accurately map land areas across the district, the Gurugram Metropolitan Development Authority (GMDA) has launched a survey using Geographic Information System (GIS) technology. The method of land demarcation will be modernised. The decision was made after officers of GMDA were informed of illegal land invasions, which they were not aware of. Marking […]

GMDA initiates Geographical Information System to prevent land scams.more

Government is expected to announce its latest Affordable Rental Housing Complex (ARHC).

August 31, 2020

Soon, students in Gujarat and those coming from other states will be likely to take advantage of rental homes at a much cheaper price than the market price. The Gujarat Government is expected to announce its latest Affordable Rental Housing Complex (ARHC) scheme within a week or two. Under the ARHC program, the organization is […]

Government is expected to announce its latest Affordable Rental Housing Complex (ARHC).more

ICRA predicts overall real estate inventory to decrease by 40-60%.

August 29, 2020

ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]

ICRA predicts overall real estate inventory to decrease by 40-60%.more

Category: Features

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