The Delhi Development Authority (DDA) is planning to launch 5,000 new houses in 2020 as part of its initiative to provide affordable housing to all. Though, the move comes at a time when over 20,000 owners surrendered their flats oversize and location within a six-year period. “DDA is set to launch 5,000 new apartments by […]
Delhi Development Authority to launch 5,000 new houses under housing for all scheme.more
Maharashtra’s government is encouraging private real estate developers to collaborate with its housing authority Maharashtra Housing & Area Development (MHADA) in constructing affordable residential projects across the state, said Jitendra Awhad, state housing minister. The State governments of Uttar Pradesh, Haryana, and West Bengal have already explored this pattern. “We (MHADA) will be delighted to […]
Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.more
The government is set to enforce a law to regulate unauthorized building construction in Bruhat Bengaluru Mahanagara Palike (BBMP) limits by penalizing those who breach the construction norms with a fine. On February 18, the Government tabled in the assembly the Karnataka Municipal Corporations (Amendment) Bill 2020. The bill aims to penalize those who create […]
Bengaluru Municipal Corporation elects to fine illegal constructions.more
On 18 February, Jaiprakash Associates Ltd (JAL) stated that it has received a letter from the Yamuna Expressway Industrial Development Authority (YEIDA) expressing its decision to cancel Jaypee International Sports’ allotment of land arbitrarily and would contest the case. Jaypee International Sports is a JAL division which entered in October 2015 after its merger. “Jaypee […]
Jaiprakash Associates receives a letter from YEIDA with a decision of cancelling the allotment of land.more
Places like Tambaram and Chromepet could see a surge in demand because of the proposed metro service from the Chennai Airport to Kilambakkam. After the much anticipated and needed announcement of Chennai Metro Rail, which would connect Chennai Airport to Kilabakkam, southern suburbs like Tambaram and Chromepet expect an increase in property prices. According to […]
South-Chennai to become an ideal investment zone.more
Singapore’s GIC sovereign wealth fund is the front runner in acquiring Mapletree Investment’s Global Tech Park in Bengaluru for nearly Rs 2,500 crore, in the commercial real estate area of India, with the largest output of private equity (PE). “GIC is now shortlisted and the documentation is in the process while it has not yet […]
Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.more
According to property consultant Anarock, housing sales bookings of the top nine listed developers increased by 2% to nearly Rs 5,800 crore during the third quarter of this fiscal year. DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Godrej Properties, Mahindra Lifespace Developers, Oberoi Realty and Kolte Patil have been included in this sales bookings list. “In […]
Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.more
The Nashik Municipal Corporation (NMC) chose to introduce an incentive of up to 5% on the prompt payment of property tax bills for the first quarter of the financial year 2020-21 to collect a maximum property tax. When you pay online, you can get another 1% tax rebate. Those who pay their annual tax in […]
NMC introduces 5% tax rebate on prompt tax payments.more
The Wadhwa Group, based in Mumbai, has concluded with a joint development agreement between Thakur Group, to develop a two-acre parcel of land located in Kandivali’s suburb. The two firms are planning a 350,000 square feet development potential residential project on the land. The Wadhwa Group will take care of the development, approvals, constructions, design […]
Wadhwa Group to collaborate with Thakur Group to develop a plot in Mumbai.more
In order to make home buyers buy property easily by reputable developers, The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an application. The app helps buyers to find their preferred projects and directly contact developers. The app was launched by Chattisgarh RERA Chief Vivek Dhand and by Minister of Transport, Housing […]
CREDAI launches Awaas app to help buyers find their desired property.more