News & Facts

The economically weaker section is getting benefited by the scheme introduced by the government whereby, Rs.1.5 lakh in subsidy would be granted to buy house. So far, such facilities have been granted only in cases where properties were developed on lands provided by the State government or municipal bodies. This announcement came in the aftermath of a bunch of private developers launching affordable housing projects. The Union Housing Minister M. Venkaiah Naidu is very keen on seeing this sche... Read More
JAIPUR : The Jaipur Development Authority has clearly decided not to pursue its golf course project to be developed on 592 bigah land in Achrol village. The present market condition is not much conducive to such ideas being implementd. JDA’s finance wing has blatantly refused to go ahead with this mega project as it sees a slump in the realty sector. Moreover, the management feels that no private player is very keen on developing such projects and it would only take a meaningless bite on t... Read More
The housing board’s decision to increase circle rates has left the stakeholders unhappy in Ghaziabad. GHAZIABAD: The Uttar Pradesh Housing Board has increased the circle rates for residential and commercial plots in all sectors of Vasundhara. From the IST of April, the circle rates have been revised by 16% which has actually left the stakeholders very unhappy. The move has evoked a lot of criticism. According to the Uttar Pradesh housing board’s superintendent engineer, K S Singhal... Read More
After the end of April 17, there is a high likelihood of the new housing scheme to provide 12,000 flats by the Delhi Development Authority. Out of the total number of flats, more than 85% is from the areas such as Rohini, Dwarka, Narela, Vasant Kunj and Jasola whereas, only the remaining numbers of flats that are unoccupied are from the 2014 scheme. However, 2,000 flats are lying vacant currently. The urban body has tied up with 10 banks for sale of application forms and scheme-related transacti... Read More
A massive number of applications have been received through various channels of the government, for different credit-linked subsidies for housing loans, in the past few months. Now that the online internet penetration is not up to the expected level in this country, it does not pose a problem according to the Ministry of Housing and Urban Poverty. It may require some facilitation. Job opportunities will be developed in those areas too. The Credit Linked Subsidy Scheme (CLSS) was the Housing Min... Read More
Finally, 21,000 individual allottees are finding relief after more than 7 years of getting allotted lands by the Yamuna Industrial Development Authority (YEIDA).    In a surprising move, the authority has plans to handover close to around 6,000 residential plots and flats, in the next 3 months. The first 3,055 allottees have already been issued letters of possession, in January and February 17.    According to officials, the 6,029 plots and flats will be located in sector... Read More
New Delhi: As per a report by Economist Intelligence Unit (EIU), there are four Indian cities where the “cost of living” is cheaper compared to other cities in the globe while, Singapore seems to be the most expensive one for the fourth consecutive year. Bangalore (3rd place), Chennai (6th), Mumbai (7th) and New Delhi (10th) have been ranked by EIU among the 10 cheapest cities in the world. The cheapest is Almaty in the world followed by Lagos. Karachi was placed 4th, Algiers (5th),... Read More
Nitesh, which is well known for its residential developments for the middle and the high-income groups will now focus on developing commercial spaces at a cost of Rs. 1,500 crore across the city. BENGALURU: In the next 3 years, the property developer Nitesh Estates will develop Grade A office spaces at a cost of Rs. 1,500 crore. Nitesh has so far focused on the residential projects across the city of Bengaluru. Now that it has shifted its focus on commercial segment, the company has decided to ... Read More
My Home, Telangana’s large and rapidly developing real estate house has joined hands with office space specialists RMZ group to develop a 10 million sq. ft. commercial property in Hyderabad. This project aims at developing 6,500 crore office space in 10 acres of land in Hyderabad. This prestigious property will be developed in Hyderabad Information Technology (IT) and Engineering Consultancy City, abbreviated as HITEC City. Both RMZ and MY Home group will be contributing at equal ratio in ... Read More
Real estate giant wave Infratech has expressed its interest into surrender 110 acres of land in sector 25A and 32 in NOIDA. The company has put it in black and white to Noida Authority that it wants to surrender 110 acres of the allotted 152 acres near spice Mall, Noida to build a mixed land use project. The Wave City centre project in Noida was allotted in March 2011 and was valued at Rs.6,500 Crore at the time of its launch. Land area totaling to 152 acre was allotted to Wave Infratech at the... Read More
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