Category: REAL ESTATE NEWS

MHADA lottery to begin by June last week

June 9, 2018

By Realty Quarter Bureau Mumbai Board of Maharashtra Housing & Area Development Authority (MHADA) has announced it’s this year lottery in last week of June. Chief Officer of Mhada, Deependra Singh said, the process of lottery will begin shortly after the advertisements are out ending the citizens to get affordable homes. This year it has […]

MHADA lottery to begin by June last weekmore
Metro Construction

Mumbai Metro wants permission to carry work at night on Metro Phase III

By Realty Quarter Bureau Stating that the tunnel-boring work in Cuffe Parade could only be done at night, when the traffic was minimal, the Mumbai Metro has sought the high court’s permission to carry out construction work round-the-clock The Mumbai Metro Rail Corporation (MMRC), on June 6, 2018, approached a High Court-appointed committee, seeking urgent […]

Mumbai Metro wants permission to carry work at night on Metro Phase IIImore

Be cautious against fraudulent activities in PMAY’s name: Housing Minister

By Realty Quarter Bureau The minister of housing and urban affairs, Hardeep Singh Puri, on June 7, 2018, warned home buyers that ‘fly-by-night operators’ were using the name of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) programme to lure customers, when they had ‘nothing to do’ with the scheme. “A lot of activities by builders and […]

Be cautious against fraudulent activities in PMAY’s name: Housing Ministermore

4crore houses by 2022, says MODI

June 7, 2018

By Realty Quarter Bureau The government has been working to free the housing sector of corruption and middlemen to ensure people get their own houses without facing troubles, Prime Minister Narendra Modi said recently. He also said that use of latest technology is ensuring faster building of houses for the poor in rural and urban […]

4crore houses by 2022, says MODImore

State government to push infra development for Ecotourism

By Realty Quarter Bureau The state government is keen to develop ecotourism destinations to increase tourist footfall. A source said work was already in progress at 30 places of scenic beauty across 22 districts. Tourism minister Ashok Chandra Panda is pinning great hopes on the project for the growth of state tourism. He recently told the reporters […]

State government to push infra development for Ecotourismmore

World Bank Loans India $500m for Rural Road Building

By Realty Quarter Bureau The Indian government and the World Bank have signed an agreement for a $500m loan to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) rural roads project. The project includes the construction of 7,000km of all-weather roads, half of which will be built using green technologies, including: Climate vulnerability […]

World Bank Loans India $500m for Rural Road Buildingmore
RBI

RBI hikes interest rate by 25 basis points

By Realty Quarter Bureau In the second bi-monthly monetary policy for the current fiscal, the central bank revised upwards the retail inflation range to 4.8-4.9 % in the first half of 2018-19, and 4.7 % in the second half The Reserve Bank for the first time in four-and-half-years raised key interest rate today by 25 basis […]

RBI hikes interest rate by 25 basis pointsmore

BMC’s new policy on dilapidated buildings can boost re-development

By Realty Quarter Bureau Monsoon has arrived and Brihanmumbai Municipal Corporation has uploaded its new policy on dilapidated buildings on its website, which civic officials say will speed up the redevelopment process. Disputes between tenants and owners often lead to a delay in vacating a building and redevelopment drags on for years, said civic officials The new policy lists detailed guidelines for […]

BMC’s new policy on dilapidated buildings can boost re-developmentmore

Telangana replaces about 4,000 transport vehicles with electric ones

June 6, 2018

By Realty Quarter Bureau The Telangana government plans to replace about 4,000 state-run public transport vehicles in Hyderabad, run on diesel, with electric vehicles in a phased manner, the state’s municipal administration minister has announced As an environment-friendly measure, the Telangana government is planning to phase out 3,800 Road Transport Corporation (RTC) vehicles in Hyderabad, the […]

Telangana replaces about 4,000 transport vehicles with electric onesmore

State government issues guidelines for construction of bridges

By Realty Quarter Bureau The Maharashtra government has come out with guidelines to avoid a delay in the construction of bridges, due to a lengthy land acquisition process. According to a recently-issued government resolution (GR), the Public Works Department (PWD) will take action and slap a penalty, on those not following the norms. “Construction work […]

State government issues guidelines for construction of bridgesmore