In order to assure the safety and security of construction workers on the site, online registration and allocation of smart cards would be started in Maharashtra by next year. The labour welfare board will set up 41 centres across the state to allow workers to register themselves without any problems. Till now Aurangabad, Jalna, Worli, […]
Construction workers in Maharashtra will receive smart cards from 2020.more
Based on the ban on construction activities in the city to tackle air pollution, builders have stated that home buyers waiting to take possession of their dream house in Delhi-NCR will need to wait for three more months. The Environment Pollution (Prevention and Control) Authority, (EPCA) had enforced construction ban on last Tuesday, until Monday, […]
Delhi-NCR projects may get delayed by three months due to the construction ban.more
India Ratings and Research said in their reports that the home buyers will be benefited that are awaiting possession of their homes, by the India government’s decision to set up a Rs 25,000 crores fund to provide a priority for debt financing to complete stalled housing projects. The Fund would provide an alternative outlet to net-worth-positive […]
India Ratings suggest the imbalance of Demand-Supply may worsen with the Government’s Rs 25,000 crores fund.more
Over 75,000 homebuyers of Amrapali, Jaypee Infratech and Unitech will not be eligible for support from Rs 25,000 crore stress funds in the National Capital Region, because of numerous conditions applied by the government under the scheme, said homebuyers and industry players. “Maybe these three players are not qualified, but the property sector is beyond […]
Jaypee Infratech, Amrapali & Unitech may not be eligible for the FM’s Rs 25,000 crore stress fund.more
The electronic transactions are on the rise Three years after Narendra Modi in a national address banned Rs 500 and Rs 1000 currency notes but many people still prefer cash transactions than digital transactions, according to a survey. The survey also revealed that following the demonetization of currency notes black money continues to dominate the real estate […]
66% of Real Estate Transactions are still carried-out through cash; post demonetization.more
It was an exercise in public relations fraught with potential pitfalls. But the BMC seems to be sitting nicely at the end of the seven-day #PotholeChallenge2019—the corporations claim to have fixed nearly 70% of their complaints about potholes and also decide to call up all of their complainants and confirm that their concerns are dealt with ‘Satisfaction’. The […]
Mumbai Officials claim to have achieved 70% of potholes complaint under Pothole Challenge 2019.more
In order to reactivate the main industry, also to boost the economy and to provide aid to home buyers, the cabinet approved Rs 25,000-crore special windows to finance housing projects that are stalled. The money will be available for projects that are “net worth positive,” FM Nirmala Sitharaman said. There will be potential distribution to […]
The cabinet opens Rs 25,000 crore window for projects that are on hold.more
The Supreme Court, on 4 November 2019, prohibited all construction and demolition activities in the region, along with the burning of garbage and waste in order to enact the severe air pollution in Delhi-NCR as ‘atrocious’. The apex court said, because of the ‘worsening of emergency’, people cannot ‘left to die’, the people engaged in […]
Supreme Court bans construction, demolition, waste burning in Delhi-NCR.more
On Tuesday, Finance Minister Nirmala Sitharaman flagged concerns about the real estate sector problems, saying that much attention is needed in the ailing industry. “The Indian Government is extremely committed to and works with RBI to see how best we can change existing legislation, where it is required, and assist the people in this particular sector […]
The government is working on reviving the real estate sector, says Nirmala Sitharaman.more
Maharashtra Metro Rail Corporation Limited will seek guidance from the new state government on the implementation of future phases of the city’s mass transportation system. Brijesh Dixit, Managing Director of Maharashtra Metro Rail Corporation Limited (MahaMetro), said, “We plan to consult with the state government to seek direction for future phases. Pune City has many […]
MahaMetro officials seek to consult new government for the future metro routes.more