Category: New Projects

construction workers

Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.

March 21, 2020

Realty developers body the Confederation of Real Estate Developers Association of India (CREDAI) has opted to pay construction staff even though they are off work owing to sickness or work stoppage at the site in the context of ongoing coronavirus mayhem. CREDAI has mentioned in a letter to members of its realty developers that this change would […]

Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.more
Financial crisis

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

Top 5 property apps to consider while hunting a house.

March 14, 2020

Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]

Top 5 property apps to consider while hunting a house.more
Under-construction Building

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
High Court of Gujarat

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
Waiver on Stamp duty

Karnataka state minister announces a reduction on stamp duty by 3%.

March 7, 2020

Stamp duty on new apartments or flats with costs below Rs 20 lakh would be lowered to 2% from 5%, as of April 1, to encourage affordable housing, as announced by the state Chief Minister B.S. Yediyurappa on March 5. “I propose that the stamp duty on the first time registration of new flats or […]

Karnataka state minister announces a reduction on stamp duty by 3%.more
Bengaluru

Yerappanahalli, an emerging residential locality in Bengaluru.

March 5, 2020

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
Google Office

Search Engine giant Google is going to lease 1.2 million sqft office space in Bengaluru.

February 27, 2020

Google leases about 1.2 million sqft of office space in Bengaluru from commercial developer Bagmane Group, people familiar with the matter said. The deal will be one of the biggest in the country’s largest office sector this year. The lease will add to the tech giant’s portfolio of real estate in Bengaluru, where it has […]

Search Engine giant Google is going to lease 1.2 million sqft office space in Bengaluru.more
CCTV Camera

Housing Minister will mandate CCTV cameras in all new buildings.

Home Minister Anil Deshmukh said on Wednesday to the Legislative Council, that the installation of CCTV cameras would become mandatory in new buildings in Maharashtra. He also said that the CCTV cameras would be connected to the state Home department’s Crime and Criminal Tracking Network and Systems (CCTNS). This announcement was made while the opposition […]

Housing Minister will mandate CCTV cameras in all new buildings.more
Partnership

L&T Realty is going to develop a residential project together with DB Realty in Malad, Mumbai.

February 25, 2020

The real estate development arm Larson & Toubro’s (L&T Realty) is in planning to do a partnership with DB Realty for developing a residential project in the Malad area of Mumbai’s Western suburb. The said project is estimated to be over 1.4 million sq ft, said three persons with direct knowledge of the development. The […]

L&T Realty is going to develop a residential project together with DB Realty in Malad, Mumbai.more