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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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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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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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Slow demand fails to check property prices in Mumbai
Mumbai: Despite a sustained sluggishness in demand, property prices in Mumbai, India’s largest real estate market, do not seem to relent. Experts say a reason for this is the financing structure of real estate projects, where many developers, especially...
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ASK PIA to raise Rs 480 cr for domestic realty fund
After successfully raising Rs 520 crore in June, 2011, ASK Property Investment Advisors (ASK PIA), now plans to raise Rs 480 crore from high networth individuals (HNI) to invest in residential properties. ASK PIA, a venture of the ASK Group, was set up...
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Penalty to regularise Pune bldgs may go
Pune Elections are round the corner, and political parties have begun playing populist cards to appease voters. All party corporators in the Pune Municipal Corporation (PMC) are thinking of scrapping the decision to impose fine to regularise unauthorised...
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Unitech coming up with Office cum Retail Complex in Gurgaon
Unitech is coming up with a commercial complex named Nirvana Courtyard 2 within Nirvana Country 2, a 100 acre integrated township located in Sector 71,72 Gurgaon. The ready-to-move office suits, in sizes starting from 486 square feet, consist of false...
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Ghodbunder Road: an upcoming destination in Thane
Mumbai Ghodbunder Road is one of the major roads leading out of Thane, a suburb of Mumbai in the Mumbai Metropolitan area. It connects the Eastern Express Highway and the Western Express Highway via Thane. In addition, the road provides connectivity to...
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Leela Group all set to Sell Leela Resorts Kovalam for Rs500cr
The Leela Group is set to sell its marquee property in Kovalam, a famous beach on the outskirts of the capital of Kerala, as part of an ongoing exercise to ease its debt burden. The property, Leela Resorts Kovalam, is being sold for 500 crore to NRI Ravi...
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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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Faridabad - Neharpar - Point of attraction
While Faridabad has predominantly been the NCR’s industrial township in the past few years, it has witnessed massive development both in terms of commercial and residential projects. There’s been a flurry of real estate activity in some of the developed...
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Parsvnath Reports 19.04% fall in Consolidated Net Profit
Real estate developer Parsvnath has reported 19.04 per cent fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project. Meanwhile, the company’s board has approved to raise Rs 2,000 crore through...
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Ghaziabad Based Project “Hi-tech City” in spotlight for acquisition of 8,700 acres of Land
Fingers are now being raised at acquisition of 8,700 acres, spanning 18 villages in Ghaziabad, for a “hi-tech city” even as the Uttar Pradesh government faces flak for acquiring agricultural land for private builders in Greater Noida. This time, the land...
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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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Ashok Piramal Group company Peninsula to develop 300-acre plot in Mumbai
MUMBAI: Peninsula Land, an Ashok Piramal Group company, will jointly develop a 300-acre plot in Thane with an unknown land aggregation firm, sources familiar with the development said. Peninsula will plan, construct , market and sell the property developed...
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ATS Infrastructure buys 14-acre plot in Gurgaon for Rs 150 crore
ATS Infrastructure has bought a 14-acre plot in Gurgaon for Rs 150 crore and will build an upper mid-market residential project, in what would be the builders's first real estate project in the city. Sources who did not want to be identified said that...
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Hyderabad property tax rates to increase next year
Hyderabad Be prepared to pay five per cent more property tax every year beginning April, 2012. The decision to increase property tax has been taken by the Greater Hyderabad Municipal Corporation (GHMC) to repay the Rs 600 crore bank loan being taken for...
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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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SC quashes Maya''s land acquisition for jail
New Delhi, Aug 3(PTI) In a fresh jolt to Mayawati government in Uttar Pradesh, the Supreme Court today quashed the state's move to acquire private land by invoking the "emergency clause" in Jyotibha Phule Nagar for construction of the district jail. A...
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Anglo Indian to Use MCC Brand for its 12 Proposed Residential Projects in India
Anglo Indian, a real estate development and investment company focused on India-centric projects, will use Marylebone Cricket Club’s (MCC) brand for its 12 proposed residential projects in India. Anglo Indian has inked a licensing agreement with MCC Overseas...
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Abu Dhabi Rental Market Equates to Dubai High End Properties
Dubai real estate market is in the state of flux. This situation remains same across the all the regions and all types of properties whether available for sale or rental properties. Some new residents are landing in the city but the numbers are neither...
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Palm beach road Mumbai residents blame developers
Mumbai Home buyers, many of whom have invested their life savings to buy high-end apartments on Palm Beach Road, are shocked that a CID inquiry is being conducted into alleged violations of FSI norms in their towers. Clueless as to how to check if their...
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Farmers from Mayawati's village move court
Lucknow: At least 50 farmers from Uttar Pradesh Chief Minister Mayawati's native village Badalpur in Greater Noida Wednesday moved the Allahabad High Court against acquisition of some 203 hectares of land and sought its restoration. They alleged that...
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Land sharks encroaching areas in Secundrabad
Hyderabad The issue of encroachments in the Secunderabad Cantonment jurisdiction area has got serious enough that it was discussed at a meeting between defence officials and director-general of police V Dinesh Reddy on Wednesday. The defence officials...
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NCR real estate may get costlier
The draft land acquisition and resettlement and rehabilitation bill will have a direct impact on real estate prices in Delhi and neighboring Gurgaon, Faridabad and Noida -if it becomes law. The bill’s proposals that no irrigated and multi-crop land can...