Top posts
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Dubious land deal could put Karnataka CM in trouble
Bangalore The land at Rachenahalli in Bangalore, which landed CM BS Yeddyurappa in trouble, was denotified BDA land. The one-acre plot, which was sold to a mining company by the CM’s family for a whopping Rs 20 crore, was purchased for a meagre Rs 40...
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Land aquisition for layout quashed in bangalore
Bangalore Observing that the government has failed its own agency BDA, the Karnataka high court on Wednesday quashed acquisition of land for J P Nagar VIII phase layout in and around Kothanur in Uttarahalli hobli. “It is an illusion on the part of the...
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Slumdwellers plea on larger Mumbai flats dismissed
Mumbai Slumdwellers and residents of housing societies cannot be on an equal footing, the high court has ruled. A division bench of Justice Dhananjay Chandrachud and Justice Anoop Mohta dismissed a petition filed by some slumdwellers residing on a prime...
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Realty developers will be forced to cut property prices by 20% after RBI rate hike
Property prices are expected to correct around 20% as realty developers may not be able to hold on to the current prices following the Reserve Bank of India’s liquidity tightening move to increase repo and reverse repo rates by 50 basis points (bps) each....
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Cloud over e-way projects, farmers move high court
There is bad news for an estimated 300,000 homebuyers and homeowners along the Noida-Greater Noida Expressway. Farmers of Shahdra village (Sector 41), located along the highway, on Wednesday moved the Allahabad High Court, seeking quashing of "forcible"...
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After Noida land mess, Gurgaon tries to cash in
Noida/ Gurgaon: Planning to buy a house? Troubled by the land acquisition row in Noida? Don't worry because you haven't run out of options. In fact, property agents from Gurgaon, Faridabad and Dwarka expressway are flooding people's inboxes with promotional...
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Realty revolves around clubs in Ahmedabad
Ahmedabad When the late Babubhai Patel, the Rajpath Club founder, purchased a piece of land on SG Road in 1973 at Rs 6.25 per sq yd, he wouldn’t have thought that in fewer than 40 years, the land surrounding the club would be sold at around Rs 1 lakh...
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Mumbai real estate still strong despite terror attacks
Mumbai Mumbai’s scars will take a long time to heal but its indomitable spirit is as strong as ever. Even as anger mounts over the recent blasts and the government’s inability to provide a safer city, there is a determination to not buckle under. It’s...
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Builders, Buyers Hopeful of Solution in Noida Extension Case
With the Allahabad High Court giving farmers an option of out-of-court settlement with GNDA, flat buyers and builders in Greater Noida today expressed hope that a solution will emerge before the August 12 deadline. “It’s a positive development. From blame...
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Singapore Plans to act as Facilitator to bring China’s savings into Indian Real Estate
Singapore plans to act as a facilitator to bring in China’s savings into the Indian economy and other South Asian countries. Similarly, it has evinced interest in promoting the concept and practices of real estate investment trust (REIT) in India, reports...
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Commercial real estate market open for smaller investors too
Investing in commercial real estate particularly buying an office space or retail space is big investment. According to the several real estate market watchers from previous several months there is upsurge i n demand of commercial property investment...
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Urbanising the Chennai metro
Chennai As several Asia-Pacific and Indian cities undertake plans to construct a metro link to facilitate public transport, certain essential issues remain to be addressed. Although the metro and monorail projects endeavor to create options for faster...
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AP CM may have changed land use in power play
Hyderabad Allegedly under pressure from powerful politicians, chief minister N Kiran Kumar Reddy on Tuesday approved a controversial decision to change land use of a large chunk of land in Ranga Reddy district falling under the environmentally sensitive...
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Chennai Corpn seals three bldgs
Chennai The Chennai Corporation on Friday sealed three under-construction buildings at Choolai, in the Nungambakkam zone, for violating development control rules. This is the first time the corporation has acted against such structures. Earlier, the Chennai...
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Mahabalipuram to get Japanese township
Chennai Japanese engineering services company JGC Corporation, Mizuho Bank and Ascendas, a business space developer, have teamed up to develop a township near Mahabalipuram spread over 1,450 acres targeted at Japanese companies. The Omega project will...
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Chennai airport sought more land than required
Chennai The Airports Authority of India (AAI) has decided to conduct a re-survey of the 15.67 acres of land it wanted the state government to acquire from a neighbourhood in Kolapakkam near Porur. Validating residents’ fears that the AAI is asking for...
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Illegal bldgs stand tall despite AMC notice
Ahmedabad If you want to witness the brashness with which laws are flouted with impunity visit Lakhia ni Pol in Khadia area in the walled city. Despite several notices issued by the Ahmedabad Municipal Corporation (AMC) to demolish an illegal building,...
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Hearts sink as loan rate rises
Mumbai When Ranjith Thomas, a finance executive, heard the RBI had hiked interest rates, his heart sank. His monthly outgoings for the Rs 20 lakh loan he had taken last year had just gone up from approximately Rs 16,000 to Rs 19,000. “I don’t have vices....
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Builders say 20 percent fall in real estate prices likely
Property prices are expected to correct around 20% as realty developers may not be able to hold on to the current prices following the Reserve Bank of India’s liquidity tightening move to increase repo and reverse repo rates by 50 basis points (bps) each....
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Home loans to be costlier
Delhi/NCR Be ready to pay more in EMIs. Lending rates will go up in all segments, including home and car loan, after RBI hiked the key rates again on Tuesday. The central bank has increased the repo and reverse repo rates 50 basis point each. “We are...
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Govt to regularise abadi land
Delhi/NCR Faced with the prospect of agitating farmers derailing housing projects across Noida, Noida Extension and Greater Noida in Gautam Budh Nagar district, the UP government on Tuesday decided to accept their demand for regularization of inhabited...
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Loan interest hike hits Noida Extn home buyers
Delhi/NCR Home buyers in Noida Extension were dealt a double whammy on Tuesday. While their agony is going to get prolonged as hearing of petitions filed by villagers in the Allahabad High Court has been deferred, they may soon have to shell out additional...
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Window opened for out-of-court Noida Extn solution
Delhi/NCR All petitions against land acquisition in Noida and Greater Noida have been referred to the chief justice of the Allahabad High Court. Acquisition of more than 3,000 hectares of land spread across nearly a dozen villages had been challenged...
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Noida farmers say court order major victory
Delhi/NCR Allahabad High Court’s decision on Tuesday to defer hearing farmers’ petitions seeking denotification of Noida Extension villages has revived hopes of reconciliation between farmers and Greater Noida Authority. However, as the court directed...
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GNIDA & builders hope for solution to emerge
Delhi/NCR While farmers on Tuesday greeted Allahabad High Court’s directive on holding talks with Greater Noida Authority as a vindication of their position on land acquisition, the Authority also heaved a sigh of relief as it now has more than two weeks...