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Greater Noida Land Row: GNIDA, Builders Approach Farmers for Negotiation
With the Allahabad High Court setting August 12 as the deadline for the stakeholders in the Greater Noida land row, the Greater Noida Authority (GNIDA) and builders on Wednesday initiated the first round of negotiations with farmers offering them annuity,...
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Rental property in demand in Palam Vihar
Gurgaon Palam Vihar is one of the popular and well-maintained residential areas in Gurgaon. It is developed and maintained by Ansal Property and Infrastructure Ltd (APIL). The residential market has varied options from group housing developments, residential...
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Not giving promised plots to Villagers a mistake: CEO
Noida authority chairman and CEO Balvinder Kumar has said even the state government cannot effect a hike in land compensation already paid to farmers. He, however, said the authority was committed to solving other issues and saving real estate projects...
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Realtors begin parleys with landowners
Despite the Greater Noida authority's warning to builders not to get involved in the process of negotiations with farmers, several real estate players, who have huge stakes in Noida Extension, have begun approaching farmers. “More than two dozen farmers...
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IT gives Hyderabad realty a boost
Hyderabad The Telangana issue may have kept Andhra Pradesh on the boil, but Hyderabad continues to beat the heat by reigning as a hot and happening destination for IT/ITeS (information technology and IT enabled services ) sector, according to the latest...
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Balewadi in Pune sprints ahead in real estate market
Pune Earlier considered as a small village near Baner, Balewadi has suddenly been revamped with several new properties coming up here. The major reason for the growth can be attributed to the Commonwealth Youth Games in 2008. The games, hosted at Shri...
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NAR & CREDAI Join Hands to Bring Transparency and Ethics in Real Estate Sector
National Association of Realtors India (NAR-India) and Confederation of Real Estate Developers Associations of India (Credai) have come together to bring transparency and ethics in property sales and other service offerings to customers. The two associations...
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PCMC initiative for advance property tax payments
Pune Citizens in Pimpri-Chinchwad who pay property tax in advance before August 31 will get a 10% concession in general tax this year. The general body of the Pimpri Chinchwad Municipal Corporation (PCMC) approved a resolution to this effect on Thursday....
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RBI’s Move to Raise Repo Rates by 50 bps is Shocking: CREDAI
The Reserve Bank of India’s move to raise repo rate by 50 basis points comes as a shock for the real industry as the burden on account of increased rates of interest will hit the developers as well as home buyers, says Lalit Kumar Jain, National President...
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Pune real estate has the edge
Pune Pune is, historically, an established education base; manufacturing industrial hub, IT and ITeS hotspot, besides being a second home destination. However, recently it seems to have added another feather to its cap by beating Hyderabad in the realty...
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Pune civic admin supports paid FSI
Pune The civic administration, on Monday, supported the concept of ‘paid floor space index (FSI)’, wherein any developer will be able to purchase FSI at the government ready reckoner rates and utilize it for construction. “The concept was implemented...
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New power substations to improve supply in Chennai suburbs
Chennai Till last week, K Sudakar, a class 7 student of a government school in Sembakkam, used to complete his homework before sunset as the erratic power supply doesn’t allow him to study beyond nightfall. Not any longer. The ordeal of students like...
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Polepally SEZ in Hyderabad oustees on warpath again
Hyderabad Four years after her 15-acre agriculture land was taken away for Polepally Special Economic Zone (SEZ), Nanavath Gambli now runs from pillar to post for at least obtaining a daily wage labour work. A resident of Gudlakamma thanda near Polepally...
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GIS may be used to map Gr Hyderabad properties
Hyderabad With confusion over number of households in the city, the Greater Hyderabad Municipal Corporation (GHMC) is contemplating to use geographic information system (GIS) to map all assessed properties in Greater Hyderabad. On a pilot basis, one block...
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Plot owners verify details with Hyderabad master plan
Hyderabad C Venugopal had purchased a plot in survey number 25 of Yamnampet village in Keesara mandal two years ago. On Monday, he landed at the Hyderabad Metropolitan Development Authority (HMDA) office in Tarnaka to check land usage of his plot on the...
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Emami & Sheth Mumbai Based Developers may team up
Mumbai Emami Group is poised to team up with Sheth Developers of Mumbai to jointly develop prime real estate on Gokhale Road (south) in Dadar, Mumbai. If plans fructify, the duo intend to build an upmarket residential complex packed with swanky lifestyle...
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Orbit may develop Jindal city bungalow in Mumbai
Mumbai Sajjan Jindal, vice-chairman and managing director of JSW Steel, is in advanced talks with property firm Orbit Corporation for joint development of Maheshwari House, a sea-facing bungalow on Nepean Sea Road in Mumbai that he recently bought, said...
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Kids want open space, protest against road widening in bangalore
Bangalore Children hit the street to protect their playground at Malleswaram 18th Cross on Sunday. Protesting against Bruhat Bangalore Mahangara Palike (BBMP)’s road-widening plan, the children demanded that their playground and trees be spared. Fifteen-year-old...
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Builders told to clear out of Sahberi
Delhi/NCR The Greater Noida Authority on Monday issued notices to seven builders who have projects in Sahberi village of Noida Extension to return the land that had been allotted to them for construction of residential projects. “This step has been taken...
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Noida master plan change may give solution
Delhi/NCR With more and more farmers joining the chorus for higher compensation, a worried Noida Authority moved in to ease the tension on Monday. Authority chairman Balwinder Kumar visited Sorkha and Parthala Khanjarpur villages that have been leading...
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New FSI proposal in mumbai could negatively affect investors
Mumbai Property investors and speculators who book flats even before the project starts are a nervous lot. Civic chief Subodh Kumar’s proposal that the development control regulations (DCR) for building approvals be amended could affect them badly, said...
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What went wrong in Noida?
The Noida authority has promised that developed land plots would be allotted, as part of rehabilitation benefits, to farmers — agitating and threatening to stall real estate projects in the city — in a fortnight. But authority is not in possession of...
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Jaypee Greens Launched Exclusive Residences On Golf Course
Jaypee Greens Pebble Beach is an exclusive project on Golf course with exclusive 4BHK apartments set on the 18th Hole of the Graham Cook Signature Golf Course at Wishtown, Noida. The elite Noida Pebble Beach residences are available in the options of...
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HC stays cancellation order for Seawoods plot in Mumbai
Mumbai Influential Pune builder Avinash Bhosale has dragged the City Industrial Development Corporation (Cidco) to court for cancelling the allotment of a 12-acre plot in Seawoods, Navi Mumbai, made to his company in 2008. Cidco’s managing director Tanaji...
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BMC FSI guidelines will cripple redevelopment: MCHI
Mumbai The Maharashtra Chamber of Housing Industry (MCHI) on Friday said that the Brihanmumbai Municipal Corporation’s (BMC) new building guidelines will cripple redevelopment projects. Municipal commissioner Subodh Kumar’s proposal will allow developers...