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Category: Property Updates

Gujarat Chief minister Vijay Rupani

The Chief Minister of Gujarat has approved the construction of skyscrapers with 70 or more floors.

May 27, 2021

Gujarat is one step closer to transforming the skylines of its five major cities with ‘iconic towers’ such as those seen in Dubai and Singapore. Chief Minister Vijay Rupani approved the final notification addressing the construction of buildings with 70 or more stories on May 25, paving the path for this move. The approval was […]

The Chief Minister of Gujarat has approved the construction of skyscrapers with 70 or more floors.more

Morgan Stanley predicts that the Dubai property market will improve due to higher-than-expected demand.

May 19, 2021

According to Morgan Stanley, Property prices in Dubai are increasing for the first time in six years, owing to increased demand and a decline in project launches since 2017. According to ValuStrat consulting firm research, residential values increased by 1.2% month on month in April, and the index’s fastest monthly growth rate in seven years. “Residential property […]

Morgan Stanley predicts that the Dubai property market will improve due to higher-than-expected demand.more
Property Transfer

Registration of property stops in Karnataka; builders fear a disruption of cash flow.

May 14, 2021

The registration of property has stopped across Karnataka because after declaring a two-week lockdown, the government shut its 243 offices of the sub-registrar for the time being. “To ensure the safety of our staff and the public our offices have been closed down. Online registration is not even allowed,” KP Mohanraj, inspector general of registration and […]

Registration of property stops in Karnataka; builders fear a disruption of cash flow.more
Metro Construction

The Metropolitan Planning Committee (MPC) has approved Phase II-A and Phase II-B of the Bengaluru Metro.

May 11, 2021

Namma Metro’s Phase II-A (Central Silk Board to KR Puram) and Phase II-B (KR Puram to the Kempegowda International Airport) project cover 58.19 km, have been approved by the Metropolitan Planning Committee (MPC). The approval took place months after the Centre’s approval and almost 2 years after the state government’s approval. However, it is unclear why […]

The Metropolitan Planning Committee (MPC) has approved Phase II-A and Phase II-B of the Bengaluru Metro.more
Construction

NAREDCO aims for the establishment of isolation facilities for construction workers.

May 7, 2021

Developers from all real estate projects in the twin cities and the area of Yamuna Expressway are asked to provide isolation facilities on their construction sites for Covid affected workers, the Naredco builders’ body said on May 6. Despite the fact that over 25% of migrant workers have returned to their hometowns, over a lakh people […]

NAREDCO aims for the establishment of isolation facilities for construction workers.more
Building Construction

Construction firms are able to support their workers by using the reverse migration option.

April 13, 2021

Real estate and construction firms have so far been able to keep their workers on the job by using the lessons learned from last summer’s tumultuous evacuation of towns, even as reverse migration of unskilled workers working in retail, hotels, street vendors, and other miscellaneous occupations has begun in the wake of new mobility curbs. […]

Construction firms are able to support their workers by using the reverse migration option.more
Mhada

State Housing Department Relaxes Rules for the Redevelopment of Cessed Buildings in Mumbai.

March 15, 2021

The state housing department provides relaxed conditions for the redevelopment of old and decayed cessed buildings in the city with hundreds of Mhada NOCs stuck for over a year. It has removed a 2019 GR which, several developers have said, was unworkable. Now developers would not be expected in order to obtain a redevelopment NOC to […]

State Housing Department Relaxes Rules for the Redevelopment of Cessed Buildings in Mumbai.more


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