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Monthly Archives: November 2018

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Maharashtra govt approves development of PMAY houses u...

The resolution states that five acres of privately owned land would have to developed with good roads, public transport facilities, healthcare, schools, water and drainage facilities. PIMPRI CHINCHWAD: The state housing department has approved a resolution to develop public-private partnership housing units under the Pradhan Mantri Awas Yojana in all the municipal corporations. The resolution states that five acres of privately owned land would …

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Vatika to invest Rs 375 crore in Gurgaon Industrial Pa...

The company will be investing over Rs 375 crore to develop this industrial park spread over 120 acres and infrastructure around the same, said a top company official. MUMBAI: Realty developer Vatika is venturing into industrial parks with its maiden project in Gurgaon’s Manesar Industrial Area. The company will be investing over Rs 375 crore to develop this industrial park spread over 120 acres and infrastructure around the …

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Almost 14 lakh houses in India are now ‘green’

India now has an ambitious target of having 10 billion sq ft green building footprint by 2022. It is expected to increase the green footprint by around 10%. Almost 14 lakh houses in India have chosen to go for a ‘green building’ tag which amounts to about 6.33 billion sq ft. It however constitutes mere 5% of total residential properties present in the country. …

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Noida: Nodal officer to hold meetings every Wednesday ...

“The meetings will be held every week from 10am–1pm. The timing can be tweaked in keeping with the requirements,” said Narendra Bhooshan, the GNIDA CEO. NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed its additional CEO KK Gupta as a nodal officer for resolving disputes between the homebuyers and developers. The officials will hold meetings every Wednesday. “The meetings will be held every week …

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Noida’s Earth Infrastructure put money in 10 she...

On Saturday, the crime branch and Sector 20 police arrested Mukul Garg, who was serving as assistant general manager (projects) at the company. NOIDA: Police are likely to recommend attachment of the properties of jailed directors of real estate company Earth InfrastructuresLtd for an alleged fraud of nearly Rs 168 crore by creating different shell companies in the name of family members of different directors. …

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UP-RERA issues show-cause notices to 12 Noida builders...

The notices were slapped on these developers on the basis of a forensic audit by Currie and Brown (C&B), Noida Authority’s official financial analyst. NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) on Wednesday issued show-cause notices to as many as 12 developers who have been found to have diverted homebuyers’ money meant for completion of their housing projects in Noida and Greater Noida. The notices …

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In seven months, Navi Mumbai flat registrations up 10%...

Builders have attributed this to infrastructural developments in the city—the new airport project and the Nerul-Belapur-Kharkopar railway line—have been major draws for prospective home buyers. NAVI MUMBAI: There has been a steady rise of 10% in the number of house registrations in Navi Mumbai in the past seven months, compared to the same period last year. Builders have attributed this to infrastructural developments in …

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After three-year slump, real estate sector in Visakhap...

According to Credai sources, the sector had an unsold inventory of 80,000 flats in the state, which developers were trying to sell. Of this, an estimated 5,000 apartments are in inventory in Visakhapatnam. VISAKHAPATNAM: The residential real estate market in Visakhapatnam is showing an upward movement with increasing demand from the salaried class, industry sources said on Monday. The sector had gone into a slump three …

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