Pune Metropolitan Region Development Authority (PMRDA) has revised the route of the third phase of the metro project to avoid a collision with the flyover of the University Circle. The 23-km route will link the busy IT Park Hinjewadi to Shivajinagar. In the previous plans, the Metro would converge the flyover, which prompted either to […]
PMRDA to revise the metro project route to evade flyover clash.more
Despite slow economic growth and rental in the Central Business Districts (CBDs) of Bengaluru and Mumbai, the Indian Office Market will continue to be strong in 2020, while CBD rental growth is expected to remain steady in the National Capital Region (NCR), Knight Frank India said. The CBD of Bengaluru is expected to see more […]
The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.more
The Maharashtra Government plans to bring the various agencies responsible for affordable housing schemes under a single umbrella. Sources indicate that the Government is considering bringing the Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and others to urban development services in order to streamline and speed up affordable housing projects. While […]
State Government to soon unite housing bodies to speed up affordable housing projects.more
The Dewan Housing Finance Corporation (DHFL) administrator allegedly issued total debt settlement demands of about Rs 1.2 lakh crore from creditors after the RBI referred debt settlement to the indebted Non-Banking Finance Company (NBFC). “The lenders have filed their claims including debenture holders, secured lenders and depositors. So far the amount is about Rs 1.2 […]
DHFL administrator issued debt settlement- receives Rs 1.2 lakh crore claims from creditors.more
In January, the Pune Municipal Corporation (PMC) will conduct a lottery under Pradhan Mantri Aawas Yojana to allot some 2,200 homes. It would be the first lottery for homes under this scheme in areas such as Vadgaon, Hadapsar and Kharadi, by Pune Municipal Corporation (PMC). “The municipal government has completed the construction authorization process. Several […]
PMC is going to carry lottery for more than 2,00 PMAY houses in January.more
According to property consultancy firm Anarock, in 2019, the price gap between ready-to-move-in (RTM) and under-construction (UC) homes has fallen to mere 3–7% in the top seven cities. There is a decline in the price differential between the two categories year on year. The difference in 2018 was around 5-9%, but in 2017 it was […]
The price difference between under-construction and ready-to-move homes decreases to 3-7%.more
Over the last four years, co-working has been geared to its growth. India is at the forefront of a working revolution with several companies and SMEs rather work out of co-working areas rather than traditional offices. Many small and large players set up operations in 2019, and in the seven top cities in India, there […]
The increasing demand for Co-working space in MNCs, Corporates and SMEs.more
A common dilemma for prospective tenants when searching for a home on rent is to determine what amenities are necessary and based on that what rental amount of the house should be. “The facilities close to one’s home in metropolitan cities could be costly and only accessible through annual membership. Most people, therefore, prefer basic projects […]
Important amenities that a tenant should check before renting a house.more
The Union Cabinet approved the insolvency and bankruptcy code amendments on 11 December. Based on an official release the Code amendments aim, at removing bottlenecks, rationalizing the corporate insolvency resolution process (CIRP) and protecting last-mile funding will boost investment in financially distressed sectors. “Additional thresholds introduced by the authorized representative for the purpose of preventing frivolous […]
IBC amendment bill 2019 seeks to protect last-mile funding.more
To assist depositors who placed their money in the safekeeping of now-jailed DS Kulkarni developer, officials of the Economic Offences Wing (EOW) of Pune Police will request the tribunal to allow the sale of 143 builders’ properties, all of which don’t have any litigation against them. “If it is approved by the court, these properties […]
EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.more
