- Friday, June 22, 2018

Reduce water use in agriculture, to prevent crisis: Former ISRO chairman

Eminent scientist and former chairman of the Indian Space Research Organisation (ISRO), K Kasturirangan, has called for an agriculture regime, where water requirement comes down from (the current) 80-85 per cent to something like … READ FULL STORY The post Reduce water use in agriculture, to prevent crisis: Former ISRO chairman appeared first on Housing News.

- Friday, June 22, 2018

Co-working spaces to triple in three years: Knight Frank Report

According to a report by property consultant Knight Frank, co-working companies took up two million sq ft space in the first quarter of 2018 itself, which has exceeded the annual tally of 2017 at … READ FULL STORY The post Co-working spaces to triple in three years: Knight Frank Report appeared first on Housing News.

- Friday, June 22, 2018

Salem-Chennai Highway project will affect farmers: CPI leader

The proposed green corridor project from Salem to Chennai is unnecessary, as the project would deprive thousands of farmers of their fertile land, secretary of the Tamil Nadu unit of the CPI, R Mutharasan … READ FULL STORY The post Salem-Chennai Highway project will affect farmers: CPI leader appeared first on Housing News.

- Thursday, June 21, 2018

DSK Group cheating case: Bank of Maharashtra CMD among six held

The Economic Offences Wing (EOW) of the Pune Police, on June 20, 2018, arrested six people, including the serving and a former CMD of the Bank of Maharashtra, in a cheating case lodged against … READ FULL STORY The post DSK Group cheating case: Bank of Maharashtra CMD among six held appeared first on Housing News.

- Thursday, June 21, 2018

Kolkata announces housing project, for those with monthly earning of Rs 30,000 and lesser

The West Bengal government has announced a housing project, ‘Nijoshree’, under which two categories of flats would be provided to people, whose monthly earnings are not above Rs 30,000. The two categories of residential … READ FULL STORY The post Kolkata announces housing project, for those with monthly earning of Rs 30,000 and lesser appeared first on Housing News.

- Thursday, June 21, 2018

Shiv Sena accuses government of overlooking objections to Mumbai DP

Shiv Sena leader Anil Parab, on June 20, 2018, accused the Maharashtra government of overlooking the objections raised by corporators and other elected representatives, regarding the Mumbai Development Plan (DP) 2034. The BJP-led state … READ FULL STORY The post Shiv Sena accuses government of overlooking objections to Mumbai DP appeared first on Housing News.

- Thursday, June 21, 2018

More than 100 homes booked in three days at Puravankara’s ‘Big 72 Hrs’ expo

Puravankara Ltd’s flagship three-day home expo, ‘Big 72 Hrs’, has received more than 100 spot bookings between June 15 and June 18, 2018, the company said, in a statement. In these three days, the … READ FULL STORY The post More than 100 homes booked in three days at Puravankara’s ‘Big 72 Hrs’ expo appeared first on Housing News.

- Thursday, June 21, 2018

Delhi land pooling policy: Public feedback to be put before board on July 2-3, 2018

Public suggestions and objections on the Delhi Development Authority’s (DDA’s) land pooling policy will be put before the Authority’s Board of Enquiry and Hearing, from July 2-3, 2018, an official statement said. In December … READ FULL STORY The post Delhi land pooling policy: Public feedback to be put before board on July 2-3, 2018 appeared first on Housing News.

- Thursday, June 21, 2018

Maharashtra to tweak law, to check sale of civic land at concessional rates

The Maharashtra government has said that it would add an additional clause to the Maharashtra Municipal Corporation Act’s existing clause 79(d), for not allowing civic land to be given away at concessional rates. The … READ FULL STORY The post Maharashtra to tweak law, to check sale of civic land at concessional rates appeared first on Housing News.

- Wednesday, June 20, 2018

RBI raises housing loan limits under priority sector lending

Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve … READ FULL STORY The post RBI raises housing loan limits under priority sector lending appeared first on Housing News.

- Wednesday, June 20, 2018

Bullet train: Gujarat farmers up in arms, oppose land surveys

Land acquisition for the Mumbai-Ahmedabad Bullet Train project is facing opposition from farmers in Gujarat, with villagers not allowing the joint measurement survey to take place in many places. Farmer leaders are demanding that … READ FULL STORY The post Bullet train: Gujarat farmers up in arms, oppose land surveys appeared first on Housing News.

- Wednesday, June 20, 2018

HC raps BMC over blanket nod to agencies, to trim trees

A Bombay High Court bench of justices AS Oka and RI Chagla, on June 19, 2018, sought to know from the Brihanmumbai Municipal Corporation (BMC), on what basis the civic body had granted a … READ FULL STORY The post HC raps BMC over blanket nod to agencies, to trim trees appeared first on Housing News.

- Tuesday, June 19, 2018

Will make Bengaluru plastic-free, protect lakes: Deputy CM

Karnataka’s deputy chief minister G Parameshwara, on June 18, 2018, said that the government would take effective and strict measures, to make Bengaluru free from plastic. Parameshwara, who is the minister-in-charge for Bengaluru city … READ FULL STORY The post Will make Bengaluru plastic-free, protect lakes: Deputy CM appeared first on Housing News.

- Tuesday, June 19, 2018

Hiranandani Group launches luxury, ready-to-move-in apartments at Ghodbunder Road, Thane

The Hiranandani Group has launched an uber luxury project, ‘One Hiranandani Park’, on Ghodbunder Road, in Thane. Eight towers that have been opened up in the project with nearly 900 units, offer ready-to-move-in luxurious … READ FULL STORY The post Hiranandani Group launches luxury, ready-to-move-in apartments at Ghodbunder Road, Thane appeared first on Housing News.

- Tuesday, June 19, 2018

Piramal Capital & Housing Finance sanctions Rs 200 crores to Appaswamy Group, Chennai

Piramal Capital & Housing Finance, a subsidiary of Piramal Enterprises Limited, has sanctioned an approximately Rs 200 crores facility to the Appaswamy Group (Appaswamy), via a structured equity transaction, to enable the acquisition of … READ FULL STORY The post Piramal Capital & Housing Finance sanctions Rs 200 crores to Appaswamy Group, Chennai appeared first on Housing News.

- Monday, June 18, 2018

New IBC ordinance dilutes RERA’s powers: MahaRERA

Maharashtra’s real estate regulator MahaRERA chief Gautam Chatterjee, while welcoming the central government’s decision to empower home buyers by giving them the status of financial creditors under the bankruptcy law, however, added that the … READ FULL STORY The post New IBC ordinance dilutes RERA’s powers: MahaRERA appeared first on Housing News.

- Monday, June 18, 2018

Bombay HC reserves order on Aarey Colony Metro 3 car shed

Amidst protests from activists and residents over its proposal to build a metro car shed in Aarey Colony, the Maharashtra government told the Bombay High Court, on June 15, 2018 that the construction work … READ FULL STORY The post Bombay HC reserves order on Aarey Colony Metro 3 car shed appeared first on Housing News.

- Monday, June 18, 2018

Want our nod for bullet train? Give us doctors, street lights, medicines, say Palghar villagers

Ponds, ambulances, solar street lights and doctors, are some of the demands that villagers in Maharashtra’s Palghar district want met, before they give their nod to the government’s ambitious bullet train project, say officials. … READ FULL STORY The post Want our nod for bullet train? Give us doctors, street lights, medicines, say Palghar villagers appeared first on Housing News.

- Monday, June 18, 2018

Haryana approves high-speed rail project, from Delhi to Haryana-Rajasthan border

The Haryana government, on June 15, 2018, gave its approval for a Regional Rapid Transit System (RRTS) project between Sarai Kale Khan in Delhi and the Haryana-Rajasthan border near Shahjahanpur-Neemrana-Behrod. The RRTS project will … READ FULL STORY The post Haryana approves high-speed rail project, from Delhi to Haryana-Rajasthan border appeared first on Housing News.

- Thursday, June 14, 2018

PMAY: Carpet area hike to push home sales in smaller cities

The Ministry of Housing and Urban Affairs, on June 12, 2018, increased the carpet area of houses eligible for benefits under the Pradhan Mantri Awas Yojana’s (PMAY’s) credit-linked subsidy scheme (CLSS) to 160 sq … READ FULL STORY The post PMAY: Carpet area hike to push home sales in smaller cities appeared first on Housing News.

- Thursday, June 14, 2018

Environmental emergency in Bellandur lake, not even 1 ml of clean water available: NGT informed

A National Green Tribunal-mandated committee, on June 14, 2018, said that the biggest lake in Bengaluru, Bellandur lake, had become the largest septic tank of the city due to the ‘sheer callousness and indifference’ … READ FULL STORY The post Environmental emergency in Bellandur lake, not even 1 ml of clean water available: NGT informed appeared first on Housing News.

- Thursday, June 14, 2018

Telangana issues guidelines to limit plastic use in urban local bodies

In a significant step towards conservation of the environment, the Telangana government, on June 13, 2018, issued guidelines to limit plastic usage in offices of urban local bodies in the state. The guidelines followed … READ FULL STORY The post Telangana issues guidelines to limit plastic use in urban local bodies appeared first on Housing News.

- Wednesday, June 13, 2018

Puravankara to introduce home exchange plan

In a first-of-its-kind initiative, real estate developer Puravankara Ltd has announced a Home Exchange Plan – an initiative with multiple benefits for the home sellers who are looking to upgrade their homes. The initiative, … READ FULL STORY The post Puravankara to introduce home exchange plan appeared first on Housing News.

- Wednesday, June 13, 2018

DDA receives 800 suggestions on amendments to Delhi Master Plan

The Delhi Development Authority (DDA) has received over 800 suggestions and objections from the public, over a period of 15 days, on the proposed amendments to the Master Plan for Delhi (MPD) 2021, since … READ FULL STORY The post DDA receives 800 suggestions on amendments to Delhi Master Plan appeared first on Housing News.

- Wednesday, June 13, 2018

One in four Indians willing to take a pay cut for shorter commute: Survey

With commuting to work becoming a major concern for professionals, due to clogged roads and lack of public transport, a survey has revealed that most Indians (78 per cent) desire a shorter commute time, … READ FULL STORY The post One in four Indians willing to take a pay cut for shorter commute: Survey appeared first on Housing News.

- Wednesday, June 13, 2018

BMC justifies nod granted to private agencies to trim trees

The Brihanmumbai Municipal Corporation (BMC), on June 12, 2018, told the Bombay High Court that it was well within its powers, in granting permission to some private bodies for trimming trees on their respective … READ FULL STORY The post BMC justifies nod granted to private agencies to trim trees appeared first on Housing News.

- Tuesday, June 12, 2018

Central team to urge West Bengal government to switch over to RERA

The centre will soon send a team to urge the West Bengal government, to switch over to the Real Estate (Regulation and Development) Act (RERA) to protect home buyers’ interest, an official has said. … READ FULL STORY The post Central team to urge West Bengal government to switch over to RERA appeared first on Housing News.

- Tuesday, June 12, 2018

Dubai’s MBM to support Dharavi slum redevelopment: Maharashtra CM

The chairman of Dubai-based MBM Group, has shown his willingness to support the Dharavi slum redevelopment project, apart from other urban infrastructure initiatives of the state government, a release issued by the chief minister’s … READ FULL STORY The post Dubai’s MBM to support Dharavi slum redevelopment: Maharashtra CM appeared first on Housing News.

- Tuesday, June 12, 2018

Four-fold rise on physical infrastructure expenditure in West Bengal: CM

West Bengal has witnessed a four-fold rise in its expenditure on physical infrastructure, since the Trinamool Congress formed the government in 2011, chief minister Mamata Banerjee said, on June 10, 2018. Recently, Rs 18,000 … READ FULL STORY The post Four-fold rise on physical infrastructure expenditure in West Bengal: CM appeared first on Housing News.

- Friday, June 08, 2018

Guard against fraudulent activities in PMAY’s name: Housing minister

The minister of housing and urban affairs, Hardeep Singh Puri, on June 7, 2018, warned home buyers that ‘fly-by-night operators’ were using the name of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) programme to lure … READ FULL STORY The post Guard against fraudulent activities in PMAY’s name: Housing minister appeared first on Housing News.

- Friday, June 08, 2018

Smaller cities more successful in implementing waste-segregation policy: CSE

“Smaller cities have been more successful in implementing source-segregation, compared to bigger cities. They have also been innovative in their approach and hence, have performed well,” the Centre for Science and Environment’s (CSE’s) programme … READ FULL STORY The post Smaller cities more successful in implementing waste-segregation policy: CSE appeared first on Housing News.

- Friday, June 08, 2018

PIL alleges CIDCO is dumping debris, in wetland in Navi Mumbai

The Bombay High Court, on June 7, 2018, issued notices to the City and Industrial Development Corporation (CIDCO) and civic authorities in Navi Mumbai, in response to a public interest litigation alleging that the … READ FULL STORY The post PIL alleges CIDCO is dumping debris, in wetland in Navi Mumbai appeared first on Housing News.

- Thursday, June 07, 2018

RBI announces hike in limits for cheaper loan for affordable housing

In a statement on June 6, 2018, the Reserve Bank of India (RBI) said that it has decided to revise the housing loan limits for priority sector lending (PSL) eligibility from Rs 28 lakhs … READ FULL STORY The post RBI announces hike in limits for cheaper loan for affordable housing appeared first on Housing News.

- Thursday, June 07, 2018

RBI rate hike: No major impact on home sales, say experts

The Reserve Bank of India (RBI), for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 per cent to 6.25 per cent, on inflation concerns, … READ FULL STORY The post RBI rate hike: No major impact on home sales, say experts appeared first on Housing News.

- Thursday, June 07, 2018

DLF to expand Cybercity in Chennai by 1.6 million sq ft

Commercial real-estate developer DLF, on June 6, 2018, announced the expansion of DLF Cybercity in Chennai, by adding three blocks spread over 1.6 million sq ft. Designed by architect Hafeez Contractor, the blocks have … READ FULL STORY The post DLF to expand Cybercity in Chennai by 1.6 million sq ft appeared first on Housing News.

- Thursday, June 07, 2018

Mumbai Metro seeks permission to carry out work at night on Line III

The Mumbai Metro Rail Corporation (MMRC), on June 6, 2018, approached a High Court-appointed committee, seeking urgent permission to carry out construction work round-the-clock, in the Cuffe Parade area for the Metro III line. … READ FULL STORY The post Mumbai Metro seeks permission to carry out work at night on Line III appeared first on Housing News.

- Wednesday, June 06, 2018

Government promulgates IBC ordinance, home buyers to be treated as financial creditors

President Ram Nath Kovind has given his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, according to an official release. “The ordinance provides significant relief to home buyers, by recognising their … READ FULL STORY The post Government promulgates IBC ordinance, home buyers to be treated as financial creditors appeared first on Housing News.

- Wednesday, June 06, 2018

RBI hikes interest rate on inflation concerns

The Reserve Bank of India (RBI), on June 6, 2018, for the first time in four-and-half-years, raised the key interest rate by 25 basis points to 6.25 per cent, on inflation concerns arising from … READ FULL STORY The post RBI hikes interest rate on inflation concerns appeared first on Housing News.

- Wednesday, June 06, 2018

Without viable alternatives, blanket ban on plastics bound to fail: Experts

On the occasion of World Environment Day, on June 5, 2018, experts laid stress on having viable alternatives to plastics and argued that without it, a blanket ban on all consumer plastics was bound … READ FULL STORY The post Without viable alternatives, blanket ban on plastics bound to fail: Experts appeared first on Housing News.

- Wednesday, June 06, 2018

MMRDA mulls dedicated bicycle paths, near metro stations

The Mumbai Metropolitan Region Development Authority’s (MMRDA’s) newly-appointed commissioner, RA Rajeev, has said that he is considering creating bicycle stands at metro stations, as well as a few dedicated cycle paths that will enable … READ FULL STORY The post MMRDA mulls dedicated bicycle paths, near metro stations appeared first on Housing News.

- Tuesday, June 05, 2018

Delhi Jal Board withdraws plea in NGT, alleging high ammonia level in Yamuna

The Delhi Jal Board (DJB) has withdrawn its plea in the National Green Tribunal (NGT) that sought directions to the Haryana government, to check the ‘dangerous level of ammonia’ in the Yamuna, saying the … READ FULL STORY The post Delhi Jal Board withdraws plea in NGT, alleging high ammonia level in Yamuna appeared first on Housing News.

- Tuesday, June 05, 2018

Decibel levels of three metro work spots recorded: Maharashtra to Bombay HC

The Maharashtra government, on June 4, 2018, told the Bombay High Court that it has recorded the decibel levels at three spots where construction work for the Metro III line is underway and has … READ FULL STORY The post Decibel levels of three metro work spots recorded: Maharashtra to Bombay HC appeared first on Housing News.

- Tuesday, June 05, 2018

BMC allowing indiscriminate felling of trees: Activist to HC

Mumbai-based activist Zoru Bhatena has moved the Bombay High Court, seeking directions that the city’s civic body be restrained from carrying out itself, or allowing residents to undertake ‘trimming’ and ‘hacking’ of trees. In … READ FULL STORY The post BMC allowing indiscriminate felling of trees: Activist to HC appeared first on Housing News.

- Monday, June 04, 2018

Benami attachments worth crores may fall flat, as no authority for 1.5 years

Over 780 benami asset attachments worth crores of rupees, run the risk of being invalidated in the near future, as the government has failed to create a designated adjudicating authority for over a year-and-a-half … READ FULL STORY The post Benami attachments worth crores may fall flat, as no authority for 1.5 years appeared first on Housing News.

- Monday, June 04, 2018

SBI, PNB, ICICI Bank raise lending rates

Days ahead of the Reserve Bank of India’s (RBI’s) monetary policy review, SBI, PNB and ICICI Bank, on June 1, 2018, increased their benchmark lending rates or the marginal cost of funds-based lending rate … READ FULL STORY The post SBI, PNB, ICICI Bank raise lending rates appeared first on Housing News.

- Monday, June 04, 2018

CMRS nod to Mundka-Bahadurgarh section of Delhi Metro’s Green Line

Operations will soon begin on the 11.2-km-long fully-elevated section between Mundka and Bahadurgarh of the Delhi Metro’s Green Line, as the commissioner for metro rail safety (CMRS) has given its approval for starting passenger … READ FULL STORY The post CMRS nod to Mundka-Bahadurgarh section of Delhi Metro’s Green Line appeared first on Housing News.

- Monday, June 04, 2018

Telangana to replace about 4,000 transport vehicles with electric ones

As an environment-friendly measure, the Telangana government is planning to phase out 3,800 Road Transport Corporation (RTC) vehicles in Hyderabad, the state’s municipal administration minister KT Rama Rao said. “We are changing the diesel … READ FULL STORY The post Telangana to replace about 4,000 transport vehicles with electric ones appeared first on Housing News.

- Monday, June 04, 2018

Maharashtra government issues guidelines for construction of bridges

The Maharashtra government has come out with guidelines to avoid a delay in the construction of bridges, due to a lengthy land acquisition process. According to a recently-issued government resolution (GR), the Public Works … READ FULL STORY The post Maharashtra government issues guidelines for construction of bridges appeared first on Housing News.

- Friday, June 01, 2018

Government approves construction of 1.5 lakh houses for urban poor

The Centre has approved the construction of 1.5 lakh houses for the urban poor under the Pradhan Mantri Awas Yojana (Urban), taking to 47.52 lakhs the tally of houses under the programme so far, … READ FULL STORY The post Government approves construction of 1.5 lakh houses for urban poor appeared first on Housing News.

- Friday, June 01, 2018

Haryana cabinet okays one-time relief to unauthorised constructions

The Haryana cabinet has approved a policy for granting one-time relief to unauthorised commercial constructions, and regularisation of illegal conversions -from residential to commercial in core areas. While unauthorised commercial constructions in Haryana are … READ FULL STORY The post Haryana cabinet okays one-time relief to unauthorised constructions appeared first on Housing News.

- Friday, June 01, 2018

Affordable housing policy approved by Haryana cabinet

The Haryana cabinet has approved a comprehensive affordable housing policy – ‘Housing For All-2018’ for core areas of municipalities in the state. To implement the policy, the authority under the Haryana Development and Regulations … READ FULL STORY The post Affordable housing policy approved by Haryana cabinet appeared first on Housing News.

- Friday, June 01, 2018

Hiranandani Parks launches RERA registered villa plots ‘Hiranandani Tierra’, at its township at Oragadam

Hiranandani Parks, Oragadam, is an integrated township project in Chennai, and it has launched premium residential villa plots in the project. Strategically located on the GST Trunk road connecting two national highways of Bangalore … READ FULL STORY The post Hiranandani Parks launches RERA registered villa plots ‘Hiranandani Tierra’, at its township at Oragadam appeared first on Housing News.

- Tuesday, May 29, 2018

Delhi HC restrains housing project owner and builder, from cancelling allotment

The Delhi High Court today restrained the owner and builder of a housing project in Dwarka, from cancelling the allotment of home buyers who have not taken possession of flats, alleging that they lack … READ FULL STORY The post Delhi HC restrains housing project owner and builder, from cancelling allotment appeared first on Housing News.

- Monday, May 28, 2018

First phase of Delhi-Meerut Expressway, and the Eastern Peripheral Expressway, inaugurated by PM

Prime minister Narendra Modi has inaugurated the first phase of the Rs 7,500-crore Delhi-Meerut Expressway that is expected to reduce travel time considerably. Modi, after inaugurating the 14-lane highway spanning Sarai Kale Khan in … READ FULL STORY The post First phase of Delhi-Meerut Expressway, and the Eastern Peripheral Expressway, inaugurated by PM appeared first on Housing News.

- Friday, May 25, 2018

Haryana shelves plan to divert Gurugram-Manesar Expressway through the Aravalli forests

The Haryana government has told the National Green Tribunal (NGT) that it has shelved its plan to divert a 12-km stretch of the Gurugram-Manesar Expressway, passing through the Aravalli range forests. The statement was … READ FULL STORY The post Haryana shelves plan to divert Gurugram-Manesar Expressway through the Aravalli forests appeared first on Housing News.

- Friday, May 25, 2018

SDMC earns Rs 9.69 lakhs by selling surplus solar power

The South Delhi Municipal Corporation (SDMC), on May 24, 2018, claimed that it had become the first civic body in the country to generate solar energy from rooftop panels and earning income, by selling … READ FULL STORY The post SDMC earns Rs 9.69 lakhs by selling surplus solar power appeared first on Housing News.

- Thursday, May 24, 2018

Cabinet clears ordinance for amendments to bankruptcy code, home buyers to be financial creditors

The cabinet headed by prime minister Narendra Modi, on May 23, 2018, approved the promulgation of an ordinance to amend the Insolvency and Bankruptcy Code 2016 (IBC), minister for law and justice Ravi Shankar … READ FULL STORY The post Cabinet clears ordinance for amendments to bankruptcy code, home buyers to be financial creditors appeared first on Housing News.

- Thursday, May 24, 2018

L&T, RInfra, Tatas, 15 others, bid for Nagpur-Mumbai Expressway project

The Maharashtra State Road Development Corporation (MSRDC), on May 23, 2018, opened the financial bids for the ambitious Rs 46,000-crore Nagpur-Mumbai Maharashtra Samruddhi Expressway. The bidders for the project include L&T, Tata Projects-CENGIZ joint … READ FULL STORY The post L&T, RInfra, Tatas, 15 others, bid for Nagpur-Mumbai Expressway project appeared first on Housing News.

- Thursday, May 24, 2018

PM to inaugurate Eastern Peripheral Expressway on May 27, 2018

Prime minister Narendra Modi will inaugurate the Kundli-Ghaziabad-Palwal (KGP) Expressway, also known as the Eastern Peripheral Expressway, on May 27, 2018. The inaugural ceremony will be held at the District Sports Stadium of Baghpat, … READ FULL STORY The post PM to inaugurate Eastern Peripheral Expressway on May 27, 2018 appeared first on Housing News.

- Wednesday, May 23, 2018

Amendments to IBC give home buyers primacy with banks; gives status of ‘secured financial creditors’ to home buyers

In a welcome news for home buyers, the union cabinet, on May 23, 2018, has reportedly approved amendments to the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers the status of financial creditors. … READ FULL STORY The post Amendments to IBC give home buyers primacy with banks; gives status of ‘secured financial creditors’ to home buyers appeared first on Housing News.

- Wednesday, May 23, 2018

Delhi: I-T raids on farm house, land developers unearth Rs 215 crores black money

The Income Tax (I-T) Department has unearthed black money of over Rs 215 crores, after it conducted multiple raids over the weekend against two real estate groups, who were selling land and farm houses … READ FULL STORY The post Delhi: I-T raids on farm house, land developers unearth Rs 215 crores black money appeared first on Housing News.

- Wednesday, May 23, 2018

Congress alleges irregularities in publication of Thane Urban Renewal Plans

The Congress party has alleged that the Shiv Sena and the Thane Municipal Corporation (TMC) administration are responsible for ‘irregularities’ in the publication of Urban Renewal Plans (URPs), for cluster development in the city. … READ FULL STORY The post Congress alleges irregularities in publication of Thane Urban Renewal Plans appeared first on Housing News.

- Wednesday, May 23, 2018

NDMC considering cancellation of licence of Vivanta by Taj-Ambassador, in Lutyens’ Delhi

The New Delhi Municipal Council (NDMC) is examining the directions issued by the Delhi Pollution Control Committee (DPCC), to cancel the licence of hotel Vivanta by Taj-Ambassador Hotel in Lutyens’ Delhi, after the DPCC … READ FULL STORY The post NDMC considering cancellation of licence of Vivanta by Taj-Ambassador, in Lutyens’ Delhi appeared first on Housing News.

- Wednesday, May 23, 2018

Dispose complaints pertaining to roads within 96 hours: Haryana CM

Haryana chief minister Manohar Lal Khattar, on May 22, 2018, directed the departments concerned to strictly adhere to the timeline of 96 hours, for the disposal of complaints received on the ‘Harpath App’, a … READ FULL STORY The post Dispose complaints pertaining to roads within 96 hours: Haryana CM appeared first on Housing News.

- Tuesday, May 22, 2018

Delhi Metro Magenta Line’s Janakpuri-Kalkaji section to be inaugurated on May 28, 2018

Union minister for housing and urban affairs (independent charge) Hardeep Singh Puri and Delhi chief minister Arvind Kejriwal, will officially inaugurate the Janakpuri West-Kalkaji Mandir section of the Delhi Metro’s Magenta Line on May … READ FULL STORY The post Delhi Metro Magenta Line’s Janakpuri-Kalkaji section to be inaugurated on May 28, 2018 appeared first on Housing News.

- Tuesday, May 22, 2018

Maharashtra CM directs MMRDA to meet timelines

Maharashtra chief minister Devendra Fadnavis, on May 21, 2018, directed the town planning authority, Mumbai Metropolitan Region Development Authority (MMRDA), to speed up the pace of work and complete projects within the timelines. Fadnavis, … READ FULL STORY The post Maharashtra CM directs MMRDA to meet timelines appeared first on Housing News.

- Tuesday, May 22, 2018

Bombay HC bars 72-year-old woman’s abusive son from entering her house

A Bombay High Court bench, presided over by justice SJ Kathawalla, refused to allow a plea filed by a 72-year-old city doctor’s son, who sought access to his mother’s house. “Prima facie, the plaintiff … READ FULL STORY The post Bombay HC bars 72-year-old woman’s abusive son from entering her house appeared first on Housing News.

- Monday, May 21, 2018

Builders may lose MHADA contract if project is delayed

The Maharashtra government is planning to amend the law and provide for the termination of contracts with private builders, if they do not complete the projects of the Maharashtra Housing and Area Development Authority … READ FULL STORY The post Builders may lose MHADA contract if project is delayed appeared first on Housing News.

- Monday, May 21, 2018

Clean Ganga project director calls for expediting Yamuna riverfront development

National Mission for Clean Ganga (NMCG) director general Rajiv Ranjan Mishra, reviewed the progress of the Yamuna Riverfront Development project ‘Asita’, being implemented by the Delhi Development Authority (DDA) and asked officials to expedite … READ FULL STORY The post Clean Ganga project director calls for expediting Yamuna riverfront development appeared first on Housing News.

- Monday, May 21, 2018

NGT refuses to stay construction of waste recycling plant in Gurugram

The National Green Tribunal (NGT) has refused to stay the ongoing construction of a waste recycling facility, in the catchment area of the Basai wetland in Gurugram, on a petition alleging that it lacked … READ FULL STORY The post NGT refuses to stay construction of waste recycling plant in Gurugram appeared first on Housing News.

- Friday, May 18, 2018

SC gives 12 stalled projects of Amrapali to three co-developers

In a major relief to over 42,000 home buyers, the Supreme Court, on May 17, 2018, allowed three co-developers to complete the 12 stalled projects of Amrapali Group, in the next six to 48 … READ FULL STORY The post SC gives 12 stalled projects of Amrapali to three co-developers appeared first on Housing News.

- Friday, May 18, 2018

Maharashtra mulls PPP model, to acquire land for affordable housing

The Maharashtra government is mulling a public-private partnership (PPP) policy, under which it plans to acquire land parcels in the Mumbai Metropolitan Region (MMR) and develop low-cost homes, giving further impetus to its affordable … READ FULL STORY The post Maharashtra mulls PPP model, to acquire land for affordable housing appeared first on Housing News.

- Friday, May 18, 2018

179 per cent rise in vehicles but only 15 per cent in road length in Delhi, since 2001

Delhi’s Lt Governor Anil Baijal, who reviewed the city’s traffic management, on May 17, 2018, directed the agencies concerned to take effective enforcement drives, to ensure that people utilise authorised parking spaces wherever available, … READ FULL STORY The post 179 per cent rise in vehicles but only 15 per cent in road length in Delhi, since 2001 appeared first on Housing News.

- Thursday, May 17, 2018

Cabinet approves metro line extension in Noida

The cabinet, on May 16, 2018, approved the extension of the Dwarka-Noida City Centre line of Delhi Metro, up to Sector-62, which borders Ghaziabad in UP, with an investment of Rs 1,967 crores, union … READ FULL STORY The post Cabinet approves metro line extension in Noida appeared first on Housing News.

- Thursday, May 17, 2018

RICS working on draft standard, to help property firms to address risks of financial crimes

The Royal Institution of Chartered Surveyors is working on a new draft standard, called the ‘Countering bribery and corruption, money laundering and terrorist financing’ Professional Statement. This standard aims to set out the obligations … READ FULL STORY The post RICS working on draft standard, to help property firms to address risks of financial crimes appeared first on Housing News.

- Thursday, May 17, 2018

SC asks Jaiprakash Associates to deposit Rs 1,000 crores by June 15, 2018

The Supreme Court, on May 16, 2018, ordered real estate firm Jaiprakash Associates Limited (JAL), to deposit an additional Rs 1,000 crores, by June 15, 2018, to refund money to the home buyers, if … READ FULL STORY The post SC asks Jaiprakash Associates to deposit Rs 1,000 crores by June 15, 2018 appeared first on Housing News.

- Thursday, May 17, 2018

Singapore to draw up development plan for Pune Metropolitan Region

Singapore’s minister-in-charge of trade relations S Iswaran and Maharashtra’s chief minister Devendra Fadnavis, while chairing the inaugural Maharashtra-Singapore Joint Committee meeting on May 16, 2018 in Mumbai, signed a framework agreement, to facilitate Singapore … READ FULL STORY The post Singapore to draw up development plan for Pune Metropolitan Region appeared first on Housing News.

- Thursday, May 17, 2018

Will maintain status quo till May 21, 2018, on water supply to Delhi: Haryana

The Haryana Government, on May 16, 2018, assured the Supreme Court that it would maintain the status quo, on the supply of Yamuna river water to the national capital till May 21, 2018 and … READ FULL STORY The post Will maintain status quo till May 21, 2018, on water supply to Delhi: Haryana appeared first on Housing News.

- Wednesday, May 16, 2018

SC sets up panel to auction Unitech’s properties

Considering the plight of home buyers, who are waiting to get refund of their money, a Supreme Court bench headed by chief justice Dipak Misra, gave the liberty to justice Dhingra to nominate a … READ FULL STORY The post SC sets up panel to auction Unitech’s properties appeared first on Housing News.

- Wednesday, May 16, 2018

Janakpuri West-Kalkaji Mandir metro section gets approval to start passenger services

The commissioner for metro rail safety has given the mandatory approval, to start passenger services on the 25.6-km-long section between Janakpuri West and Kalkaji Mandir, which will soon be thrown open for public, an … READ FULL STORY The post Janakpuri West-Kalkaji Mandir metro section gets approval to start passenger services appeared first on Housing News.

- Wednesday, May 16, 2018

SC partly modifies its stay on amendments to Delhi’s Master Plan

The Supreme Court, on May 15, 2018, asked the centre to give a 15-day window, to consider objections to the proposed amendments to the Master Plan of Delhi (MPD) and take a final call, … READ FULL STORY The post SC partly modifies its stay on amendments to Delhi’s Master Plan appeared first on Housing News.

- Monday, May 14, 2018

MHADA to be planning body for future government housing schemes in Mumbai: CM

Chief minister Devendra Fadnavis, on May 11, 2018, announced that the Maharashtra Housing and Area Development Authority (MHADA) would be the planning authority, for all future government housing schemes in Mumbai and its surrounding … READ FULL STORY The post MHADA to be planning body for future government housing schemes in Mumbai: CM appeared first on Housing News.

- Monday, May 14, 2018

Jaiprakash Associates asks SC to consider the revival of one of its firms

Realty firm Jaiprakash Associates Limited (JAL), on May 11, 2018, told the Supreme Court that it has deposited Rs 750 crores with the apex court registry, for refunding money to home buyers and sought … READ FULL STORY The post Jaiprakash Associates asks SC to consider the revival of one of its firms appeared first on Housing News.

- Monday, May 14, 2018

Bullet train: Compensation for land to be much more than what Act says

The compensation provide to farmers, whose land will be acquired for the Ahmedabad–Mumbai Bullet Train project, will be ‘much more than what they are expecting’, implementing agency National High Speed Rail Corporation Limited’s (NHSRCL’s), … READ FULL STORY The post Bullet train: Compensation for land to be much more than what Act says appeared first on Housing News.

- Friday, May 11, 2018

Top 10 office markets that witnessed highest rental growth in Q1 2018: Colliers report

The first quarter of 2018 witnessed a remarkable 23 per cent year-on-year (YoY) increase in office space demand, with 11.4 million sq ft of pan Indian absorption recorded. With the intensifying office demand, rental … READ FULL STORY The post Top 10 office markets that witnessed highest rental growth in Q1 2018: Colliers report appeared first on Housing News.

- Friday, May 11, 2018

SC spots fund diversion by Amrapali Group, seeks financial details

The Supreme Court, on May 10, 2018, found that the embattled real estate firm Amrapali Group, in its affidavit filed before it, had said that Rs 2,766 crores were diverted to two other companies. … READ FULL STORY The post SC spots fund diversion by Amrapali Group, seeks financial details appeared first on Housing News.

- Friday, May 11, 2018

HC pulls up Haryana for not repairing old canal bringing water to Delhi

The Delhi High Court, on May 10, 2018, pulled up the Haryana government for not issuing any tenders till date, for repair of the old sub-branch canal, which carries water to the national capital, … READ FULL STORY The post HC pulls up Haryana for not repairing old canal bringing water to Delhi appeared first on Housing News.

- Friday, May 11, 2018

Open Eastern Peripheral Expressway to the public by May 31, 2018: SC

The Supreme Court, on May 10, 2018, directed that if the Eastern Peripheral Expressway is not inaugurated on or before May 31, 2018, it should be thrown open to the public who were facing … READ FULL STORY The post Open Eastern Peripheral Expressway to the public by May 31, 2018: SC appeared first on Housing News.

- Thursday, May 10, 2018

Cheating complaints against builders cannot be termed as ‘civil disputes’: Bombay HC

The Bombay High Court’s justice Shahrukh Kathawalla, in an order passed last week, said that the police should not shirk away from their responsibility by terming complaints of cheating against developers, as civil disputes. … READ FULL STORY The post Cheating complaints against builders cannot be termed as ‘civil disputes’: Bombay HC appeared first on Housing News.

- Thursday, May 10, 2018

Absence of information, high debt of cities impeding municipal bonds: Moody’s

The primary constraints in developing a municipal bond market, are the lack of timely and publicly available information on fiscal performance, debt and contingent liabilities, as well as governance and management issues, international rating … READ FULL STORY The post Absence of information, high debt of cities impeding municipal bonds: Moody’s appeared first on Housing News.

- Thursday, May 10, 2018

States ‘diverting’ funds meant for environment protection: SC

A Supreme Court bench of justices Madan B Lokur and Deepak Gupta, on May 9, 2018, asked the state governments, whether there was any plan to utilise funds of around Rs 75,000 crores, including … READ FULL STORY The post States ‘diverting’ funds meant for environment protection: SC appeared first on Housing News.

- Thursday, May 10, 2018

US companies evince interest in Jewar airport: Minister

Uttar Pradesh health minister Sidhartha Nath Singh, who was on a five-day visit to the US, on May 9, 2018, announced that many US companies have expressed interest in the upcoming international Jewar airport. … READ FULL STORY The post US companies evince interest in Jewar airport: Minister appeared first on Housing News.

- Thursday, May 10, 2018

Maharashtra for inclusion of forest labourers as construction workers

Maharashtra finance minister Sudhir Mungantiwar, on May 9, 2018, said that the state government would write to the Union Labour Ministry, asking for the centre to include forest labourers as construction workers. “If forest … READ FULL STORY The post Maharashtra for inclusion of forest labourers as construction workers appeared first on Housing News.

- Wednesday, May 09, 2018

Over-exploitation of groundwater in Delhi, situation semi-critical: SC

The Supreme Court, after perusing a report filed by the Central Ground Water Board (CGWB) on the status of groundwater level in Delhi from May 2000 till May 2017, said it indicated an ‘extremely … READ FULL STORY The post Over-exploitation of groundwater in Delhi, situation semi-critical: SC appeared first on Housing News.

- Wednesday, May 09, 2018

Congress seeks PM’s intervention, to block Mumbai DP proposals on salt pan lands

Mumbai cannot afford to have salt pans and no-development zones, which are the last remaining open spaces in the city, fall prey to the builder lobby, former member of parliament and Mumbai Congress president … READ FULL STORY The post Congress seeks PM’s intervention, to block Mumbai DP proposals on salt pan lands appeared first on Housing News.

- Wednesday, May 09, 2018

Aviation ministry gives site clearance to new Pune international airport

The Civil Aviation Ministry, on May 8, 2018, said that it has given ‘site clearance’, for the construction of a greenfield international airport near Pune. Maharashtra chief minister Devendra Fadnavis had, in 2016, announced … READ FULL STORY The post Aviation ministry gives site clearance to new Pune international airport appeared first on Housing News.

- Wednesday, May 09, 2018

Dubai’s Relam Investment to invest USD 300 million in India

Dubai-based Relam Investment LLC will make India its hub for investments in south-east Asian markets, its chairman and managing director, Sultan Ali Rashed Lootah said, on May 8, 2018. “We have allocated an investment … READ FULL STORY The post Dubai’s Relam Investment to invest USD 300 million in India appeared first on Housing News.

- Tuesday, May 08, 2018

SC issues notice to Unitech on contempt plea of home buyers

A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on May 7, 2018, issued a notice to real estate firm Unitech Ltd, on a joint contempt petition … READ FULL STORY The post SC issues notice to Unitech on contempt plea of home buyers appeared first on Housing News.

- Tuesday, May 08, 2018

Special coach for women introduced in Hyderabad Metro

A special coach exclusively for women, was introduced in Hyderabad Metro trains, on May 7, 2018. Hyderabad Metro Rail Limited (HMRL) managing director NVS Reddy and L&T Metro Rail (Hyderabad) Limited MD and CEO … READ FULL STORY The post Special coach for women introduced in Hyderabad Metro appeared first on Housing News.

- Tuesday, May 08, 2018

Bullet train land measuring process suspended, due to MNS’ protest

Officials have said that the process of measuring the land that needs to be acquired for the Mumbai-Ahmedabad high speed rail corridor, was suspended on May 7, 2018, after workers of the Maharashtra Navnirman … READ FULL STORY The post Bullet train land measuring process suspended, due to MNS’ protest appeared first on Housing News.

- Monday, May 07, 2018

Railways’ 12,066 acres of unused land up for grabs, for 13 states

Nearly 12,066 acres of surplus land of the Railways, are now up for grabs. The national transporter has written to 13 states, asking them to either buy or exchange these land parcels, for developmental … READ FULL STORY The post Railways’ 12,066 acres of unused land up for grabs, for 13 states appeared first on Housing News.

- Monday, May 07, 2018

700 borewells sealed in Delhi, residents complain about scarcity of water

According to SDM officials, a total of 718 borewells have been sealed in Delhi, following a National Green Tribunal (NGT) order to this effect in January 2018. Dwarka, Vikaspuri and Janakpuri are among the … READ FULL STORY The post 700 borewells sealed in Delhi, residents complain about scarcity of water appeared first on Housing News.

- Monday, May 07, 2018

Maharashtra streamlines norms for transfer of flats built on government-given land

The Maharashtra government has issued a Government Resolution (GR), streamlining the rules for the sale or transfer by other means, of flats in cooperative housing societies built on government-allotted lands. As per the GR … READ FULL STORY The post Maharashtra streamlines norms for transfer of flats built on government-given land appeared first on Housing News.

- Monday, May 07, 2018

Encroachments are one of the reasons behind road accidents in Delhi: Draft policy

Encroachments on roads, pathways and pedestrian paths, have become one of the reasons for road accidents and congestion, says a draft policy on road safety by the Delhi government’s Transport Department. The draft policy … READ FULL STORY The post Encroachments are one of the reasons behind road accidents in Delhi: Draft policy appeared first on Housing News.

- Friday, May 04, 2018

Sealing drive: SC says situation in Delhi irreversible

The Supreme Court, on May 3, 2018, while hearing a matter relating to the sealing of unauthorised constructions in Delhi, observed that it was perhaps ‘too late’ to improve the situation but the authorities, … READ FULL STORY The post Sealing drive: SC says situation in Delhi irreversible appeared first on Housing News.

- Friday, May 04, 2018

Bullet train land row: Railways to offer higher compensation to farmers

A spokesperson for the National High-Speed Rail Corporation Limited (NHRCL), which is implementing the Mumbai-Ahmedabad bullet train project, on May 3, 2018, assured that due care had been taken to cause the least inconvenience … READ FULL STORY The post Bullet train land row: Railways to offer higher compensation to farmers appeared first on Housing News.

- Friday, May 04, 2018

Haryana to increase floor area ratio in HSIIDC industrial areas

Haryana chief minister Manohar Lal Khattar, on May 3, 2018, announced that the floor area ratio (FAR) in HSIIDC industrial areas would be increased from 150 to 200 per cent, with appropriate charges. FAR … READ FULL STORY The post Haryana to increase floor area ratio in HSIIDC industrial areas appeared first on Housing News.

- Thursday, May 03, 2018

Government clears Rs 5,082-crore plan to build new terminals at Chennai, two other airports

The Cabinet Committee on Economic Affairs (CCEA) chaired by prime minister Narendra Modi, has given its approval for the expansion and upgradation of integrated terminals at Chennai, Guwahati and Lucknow airports, at a cost … READ FULL STORY The post Government clears Rs 5,082-crore plan to build new terminals at Chennai, two other airports appeared first on Housing News.

- Thursday, May 03, 2018

Mumbai Metro: Andheri road digging work only for soil testing, says MMRDA

The Mumbai Metropolitan Regional Development Authority’s (MMRDA’s) lawyer, Kiran Bagalia, on May 2, 2018, told the Bombay High Court that the digging work in suburban Andheri for the Metro 2B Line, was only for … READ FULL STORY The post Mumbai Metro: Andheri road digging work only for soil testing, says MMRDA appeared first on Housing News.

- Thursday, May 03, 2018

Office space leasing rises by 23 per cent in March quarter: Colliers International

Bengaluru continued to grab the highest share of office space absorption in the January to March quarter of 2018, accounting for 34 per cent of the total leasing volume, followed by the National Capital … READ FULL STORY The post Office space leasing rises by 23 per cent in March quarter: Colliers International appeared first on Housing News.

- Thursday, May 03, 2018

Protect farmers’ rights under Land Act for bullet train: Patel to Modi

In a letter to prime minister Narendra Modi, Congress leader Ahmed Patel, on May 2, 2018, said farmers’ representatives had complained that rules and procedures under the Right to Fair Compensation and Transparency in … READ FULL STORY The post Protect farmers’ rights under Land Act for bullet train: Patel to Modi appeared first on Housing News.

- Wednesday, May 02, 2018

India has 14 out of 20 most polluted cities in the world: WHO

Delhi and Varanasi are among the 14 Indian cities that figured in a list of 20 most polluted cities in the world, in terms of PM2.5 levels in 2016, data released by the World … READ FULL STORY The post India has 14 out of 20 most polluted cities in the world: WHO appeared first on Housing News.

- Wednesday, May 02, 2018

Home buyers approach RERA, against Earth Infrastructure Ltd

A group of home buyers in Gurugram has approached the Real Estate Regulatory Authority against a company, which has allegedly duped more than 500 of them. An association of the allottees appeared before the … READ FULL STORY The post Home buyers approach RERA, against Earth Infrastructure Ltd appeared first on Housing News.

- Wednesday, May 02, 2018

Maharashtra launches online service for authenticated 7/12 receipts

The Maharashtra government, on May 1, 2018, launched an online service to provide authenticated 7/12 land record receipts, a major boost to expedite handling of intra-departmental documents. Chief minister Devendra Fadnavis became the first … READ FULL STORY The post Maharashtra launches online service for authenticated 7/12 receipts appeared first on Housing News.

- Wednesday, May 02, 2018

MIDC land deal: Pune Anti-Corruption Bureau submits report on alleged irregularities

The Anti-Corruption Bureau (ACB) has submitted a detailed report in a Pune court, in connection with the case of alleged irregularities in the purchase of MIDC land near the city, involving former Maharashtra revenue … READ FULL STORY The post MIDC land deal: Pune Anti-Corruption Bureau submits report on alleged irregularities appeared first on Housing News.

- Wednesday, May 02, 2018

Complaint registered against builder in Ghaziabad

The residents’ welfare association of Antriksh Sanskriti Welfare Association (ASWA), has registered a complaint against a builder who allegedly hoodwinked gullible flat buyers in Ghaziabad. The association has claimed that the buyers had booked … READ FULL STORY The post Complaint registered against builder in Ghaziabad appeared first on Housing News.

- Tuesday, May 01, 2018

HC asks for DDA’s plans for land at IFC Narela

The Delhi High Court has asked the Delhi Development Authority (DDA), for its plans for the land left after 25 of 397 hectares, are given to chemical industries at the Integrated Freight Corridor (IFC) … READ FULL STORY The post HC asks for DDA’s plans for land at IFC Narela appeared first on Housing News.

- Tuesday, May 01, 2018

CPWD endorses additional Rs 231 crores for Signature Bridge construction

The Central Public Works Department (CPWD) has endorsed an additional estimate of around Rs 231 crores of the Delhi Tourism and Transportation Development Corporation (DTTDC), to complete the construction of the Signature Bridge on … READ FULL STORY The post CPWD endorses additional Rs 231 crores for Signature Bridge construction appeared first on Housing News.

- Tuesday, May 01, 2018

Goa Regional Plan 2021: Inquiry ordered into land conversion allegations

Goa’s town and country planning minister, Vijai Sardesai, in a note forwarded to the chief town planner, has asked a five-member committee to ‘conduct a detailed study and inquiry, on the allegations against politicians, … READ FULL STORY The post Goa Regional Plan 2021: Inquiry ordered into land conversion allegations appeared first on Housing News.

- Friday, April 27, 2018

Mumbai Development Plan 2034, a ploy to sell Mumbai to builders: Opposition

The opposition Congress, on April 26, 2018, slammed the Mumbai Development Plan (DP) 2034, saying it was aimed at selling off the city to builders, ahead of the 2019 elections. The NCP charged that … READ FULL STORY The post Mumbai Development Plan 2034, a ploy to sell Mumbai to builders: Opposition appeared first on Housing News.

- Friday, April 27, 2018

NITI Aayog proposes Yamuna Authority to combine river cleaning efforts

The NITI Aayog is proposing to set up a ‘Yamuna River Authority’, with a view to coordinating the work being done by various government departments for cleaning the river, its vice-chairman Rajiv Kumar said, … READ FULL STORY The post NITI Aayog proposes Yamuna Authority to combine river cleaning efforts appeared first on Housing News.

- Friday, April 27, 2018

Loans from NBFCs and HFCs to grow by 21 per cent each year, till 2020

Non-banking finance companies’ (NBFCs’) and housing finance companies’ (HFCs’) wholesale credit book, which includes real estate and infrastructure lending, is likely to grow at 21 per cent annually till 2020, said a report. Asset … READ FULL STORY The post Loans from NBFCs and HFCs to grow by 21 per cent each year, till 2020 appeared first on Housing News.

- Thursday, April 26, 2018

Mumbai’s Development Plan 2034 to aggravate infrastructure woes: Experts

The Maharashtra government, on April 25, 2018, approved the Mumbai Development Plan 2034. While the real estate sector welcomed the plan, others have expressed concern over its impact on infrastructure. The research wing of … READ FULL STORY The post Mumbai’s Development Plan 2034 to aggravate infrastructure woes: Experts appeared first on Housing News.

- Thursday, April 26, 2018

SC to examine credentials of firm willing to complete Amrapali projects

The Supreme Court, on April 25, 2018, asked Noida-based Galaxy Group, which is willing to complete three projects of the Amrapali Group, to furnish its financial standing, its track record and an undertaking for … READ FULL STORY The post SC to examine credentials of firm willing to complete Amrapali projects appeared first on Housing News.

- Thursday, April 26, 2018

Mumbai Metro work: HC seeks to know if noise pollution norms were violated

The Bombay High Court, on April 25, 2018, sought to know from the Maharashtra government, if there was any violation of noise pollution norms at three spots in the city, where construction work for … READ FULL STORY The post Mumbai Metro work: HC seeks to know if noise pollution norms were violated appeared first on Housing News.

- Thursday, April 26, 2018

Solar project covers 512 households in the Sunderbans

The World Wide Fund for Nature-India (WWFI), under its ‘Sahasra Jyoti’ project, had been working extensively with local communities in the Sunderbans mangrove forest area of West Bengal, to provide them cost-effective energy solutions, … READ FULL STORY The post Solar project covers 512 households in the Sunderbans appeared first on Housing News.

- Wednesday, April 25, 2018

Mumbai Development Plan 2034 receives government’s nod

The government’s approval, on the long-pending Mumbai Development Plan (DP) 2034, is a welcome move. The DP is likely to spur real estate activity in the city and also pave the way for the … READ FULL STORY The post Mumbai Development Plan 2034 receives government’s nod appeared first on Housing News.

- Wednesday, April 25, 2018

Foundation stone laid for Kathputli Colony redevelopment

Union minister Hardeep Singh Puri, on April 24, 2018, said that the Kathputli Colony residents held an important position in India’s culture and history and assured them that they would have proper houses by … READ FULL STORY The post Foundation stone laid for Kathputli Colony redevelopment appeared first on Housing News.

- Wednesday, April 25, 2018

HC tells Mumbai police to suggest measures to ease traffic in market areas

A division bench of the Bombay High Court, of justices NH Patil and GS Kulkarni, on April 24, 2018, asked the city’s traffic police to frame measures, to ease traffic in market areas and … READ FULL STORY The post HC tells Mumbai police to suggest measures to ease traffic in market areas appeared first on Housing News.

- Wednesday, April 25, 2018

Delhi environment minister moots development of vertical gardens to tackle pollution

The environment and forest minister of the Delhi government, Imran Hussain, on April 24, 2018, wrote letters to the Delhi Development Authority (DDA), the Public Works Department (PWD) and also the municipal corporations in … READ FULL STORY The post Delhi environment minister moots development of vertical gardens to tackle pollution appeared first on Housing News.

- Tuesday, April 24, 2018

Centre gives in-principle approval for Jewar airport

The centre has given an in-principle approval to the proposed greenfield airport near Jewar, in Gautambuddh Nagar, during a steering committee meeting held in New Delhi. The approval to this effect was given at … READ FULL STORY The post Centre gives in-principle approval for Jewar airport appeared first on Housing News.

- Tuesday, April 24, 2018

Piramal Housing Finance enters Pune, to add 4-5 cities in six months

Piramal Finance, the financial services arm of diversified firm Piramal Enterprises, on April 24, 2018, said it has expanded its housing finance business to Pune, marking its foray into the market. Piramal Housing Finance, … READ FULL STORY The post Piramal Housing Finance enters Pune, to add 4-5 cities in six months appeared first on Housing News.

- Tuesday, April 24, 2018

RBI’s new rules on NPAs may hit infrastructure financing

With the Reserve Bank of India (RBI) giving no relaxation to its February 12 framework on the resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially … READ FULL STORY The post RBI’s new rules on NPAs may hit infrastructure financing appeared first on Housing News.

- Tuesday, April 24, 2018

Bombay HC refuses interim stay on amendment to Trees Act

A division bench of the Bombay High Court, of justices AS Oka and Riyaz Chagla, on April 23, 2018, heard a petition filed by an activist, Zoru Bhathena, challenging validity of an amendment – … READ FULL STORY The post Bombay HC refuses interim stay on amendment to Trees Act appeared first on Housing News.

- Tuesday, April 24, 2018

Thailand companies keen to invest USD 3 billion in Indian infrastructure projects

Thailand-based companies see good opportunity in India and are looking to invest around USD three billion by 2020, Thai Trade Center’s executive director and consul, Suwimol Tilokruangchai said. “The fast growing Indian market remains … READ FULL STORY The post Thailand companies keen to invest USD 3 billion in Indian infrastructure projects appeared first on Housing News.

- Monday, April 23, 2018

Delhi’s PWD to strengthen roads, construct drains before monsoon

The Delhi government’s Public Works Department (PWD) has approved nearly Rs 4.93 crores, for executing the work of strengthening of roads and construction of footpaths and drains in various areas. The administrative approval has … READ FULL STORY The post Delhi’s PWD to strengthen roads, construct drains before monsoon appeared first on Housing News.

- Monday, April 23, 2018

SG Estates to invest Rs 250 crores on housing project in Ghaziabad

Real estate firm SG Estates will invest Rs 250 crores, to develop 800 flats in a 3.5-acre housing project at Siddharth Vihar, in Ghaziabad, its director Gaurav Gupta has said. “We have all the … READ FULL STORY The post SG Estates to invest Rs 250 crores on housing project in Ghaziabad appeared first on Housing News.

- Monday, April 23, 2018

CPWD to monitor projects, works through web-based software

The Central Public Works Department (CPWD), which functions under the Housing and Urban Affairs (HUA) Ministry, has launched a web-based system, e-MB (electronic measurement book), to monitor the financial progress or utilisation of funds … READ FULL STORY The post CPWD to monitor projects, works through web-based software appeared first on Housing News.

- Monday, April 23, 2018

Mysuru royal family scion bats for preserving Bengaluru’s built heritage

The current scion of the Mysuru royal family, which built iconic forts and palaces during its rule, has pitched for preserving the heritage of Bengaluru, including the now-threatened Asiatic building. Yaduveer Krishnadatta Chamaraja Wadiyar, … READ FULL STORY The post Mysuru royal family scion bats for preserving Bengaluru’s built heritage appeared first on Housing News.

- Friday, April 20, 2018

Environment Ministry frames new draft CRZ rules aimed at boosting development

The Environment Ministry has framed a new draft Coastal Regulation Zone (CRZ) Notification, 2018. The draft notification has been uploaded on the ministry’s website and comments sought from the public, within 60 days. Under … READ FULL STORY The post Environment Ministry frames new draft CRZ rules aimed at boosting development appeared first on Housing News.

- Friday, April 20, 2018

Yamuna water supply: SC summons chief secretaries of Delhi, Haryana

A Supreme Court bench, headed by justice Madan B Lokur, on April 19, 2018, took a strong note of the apathy shown by the authorities, in dealing with the water woes of the residents … READ FULL STORY The post Yamuna water supply: SC summons chief secretaries of Delhi, Haryana appeared first on Housing News.

- Friday, April 20, 2018

Lutyens’ Delhi a parasitic urban space: CSE director general

The Centre for Science and Environment’s (CSE’s) director general Sunita Narain, on April 19, 2018, warned that the richer Delhi was becoming, the ‘less livable’ it was turning into. Speaking in the presence of … READ FULL STORY The post Lutyens’ Delhi a parasitic urban space: CSE director general appeared first on Housing News.

- Thursday, April 19, 2018

SC gives Sahara time till May 15, 2018, to sell properties in Aamby Valley

The Supreme Court, on April 19, 2018, allowed the Sahara Group to choose any parcel of its property in the Aamby Valley City project in Maharashtra and sell them by May 15, 2018 and … READ FULL STORY The post SC gives Sahara time till May 15, 2018, to sell properties in Aamby Valley appeared first on Housing News.

- Thursday, April 19, 2018

Sealing drive: Centre proposes task force, to examine safety of buildings

The central government, on April 18, 2018, told a Supreme Court bench of justices Madan B Lokur and Deepak Gupta that the special task force (STF), which would be set up to oversee the … READ FULL STORY The post Sealing drive: Centre proposes task force, to examine safety of buildings appeared first on Housing News.

- Thursday, April 19, 2018

RICS announces competition, to tackle problems arising from rapid urbanisation

The Royal Institution of Chartered Surveyors (RICS) has launched the ‘Cities for our Future competition’, in partnership with the United Kingdom National Commission for UNESCO and the Association of Commonwealth Universities. The challenge calls … READ FULL STORY The post RICS announces competition, to tackle problems arising from rapid urbanisation appeared first on Housing News.

- Thursday, April 19, 2018

HC directs police to check noise levels at three Mumbai Metro sites

The Bombay High Court, on April 18, 2018, directed the police to conduct checks at three spots, where construction work for the Mumbai Metro III project is on, to ascertain if noise pollution norms … READ FULL STORY The post HC directs police to check noise levels at three Mumbai Metro sites appeared first on Housing News.

- Thursday, April 19, 2018

Work of Eastern Peripheral Expressway complete: Centre to SC

The centre, on April 18, 2018, informed the Supreme Court that work on the Eastern Peripheral Expressway, which envisages signal-free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar (Greater Noida) and Palwal, has been completed. … READ FULL STORY The post Work of Eastern Peripheral Expressway complete: Centre to SC appeared first on Housing News.

- Wednesday, April 18, 2018

Residential realty sees turnaround, as sales jump 33% in Q1 2018: PropTiger’s Realty Decoded report

PropTiger.com, on April 17, 2018, released the findings of its ‘Realty Decoded Report’ for Q1 (January-March) 2018. As per the report, sales across the top nine cities (Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, … READ FULL STORY The post Residential realty sees turnaround, as sales jump 33% in Q1 2018: PropTiger’s Realty Decoded report appeared first on Housing News.

- Wednesday, April 18, 2018

GST relief mainly for housing projects executed after July 2017: Report

According to a report by JLL and PwC, while the Goods and Services Tax (GST) has simplified the tax treatment for the realty sector and resolved some of the long-standing issues like valuation, the … READ FULL STORY The post GST relief mainly for housing projects executed after July 2017: Report appeared first on Housing News.

- Wednesday, April 18, 2018

File affidavit showing that norms were flouted: HC on Aarey car shed

A Bombay High Court bench of justices SC Dharamadhikari and PD Naik, on April 17, 2018, directed the petitioners who are opposing the construction of the proposed metro car shed in Aarey Colony area, … READ FULL STORY The post File affidavit showing that norms were flouted: HC on Aarey car shed appeared first on Housing News.

- Wednesday, April 18, 2018

This World Heritage Day, change byelaws to make people benefit from heritage buildings: Experts

Walking through the narrow, winding lanes of Sita Ram Bazar in Chandni Chowk, where the overhead web of electric wires and encroaching tarpaulin shades outside shops make every day seem cloudy, the once two-storey … READ FULL STORY The post This World Heritage Day, change byelaws to make people benefit from heritage buildings: Experts appeared first on Housing News.

- Wednesday, April 18, 2018

HC pulls up Maharashtra government over Tansa pipeline demolitions

The Bombay High Court, on April 17, 2018, pulled up the Maharashtra government, for failing to identify a place in Mumbai to accommodate persons, who were displaced after their houses in the vicinity of … READ FULL STORY The post HC pulls up Maharashtra government over Tansa pipeline demolitions appeared first on Housing News.

- Tuesday, April 17, 2018

Yamuna water supply: Delhi disputes agreement reached with Haryana

The AAP government in Delhi, on April 16, 2018, disputed the correctness of an agreement pertaining to the release of water from the Yamuna by Haryana, saying that the minutes of a meeting held … READ FULL STORY The post Yamuna water supply: Delhi disputes agreement reached with Haryana appeared first on Housing News.

- Tuesday, April 17, 2018

HC poses queries to Mumbai, Thane civic bodies on tree cutting

The Bombay High Court, on April 16, 2018, sought to know from the civic bodies of Mumbai and Thane, if their municipal commissioners take expert opinion, before passing orders to fell trees. As per … READ FULL STORY The post HC poses queries to Mumbai, Thane civic bodies on tree cutting appeared first on Housing News.

- Tuesday, April 17, 2018

Construction work of Dwarka Express Highway to begin soon: Gadkari

Union Road Transport and Highways minister Nitin Gadkari, on April 16, 2018, said that the construction work on the Dwarka Express Highway, would begin within the next one month. About Rs 7,000 crores would … READ FULL STORY The post Construction work of Dwarka Express Highway to begin soon: Gadkari appeared first on Housing News.

- Monday, April 16, 2018

SC asks Jaiprakash Associates to deposit Rs 100 crores by May 10, 2018

The Supreme Court, on April 16, 2018, directed realty firm Jaiprakash Associates Limited (JAL), to deposit Rs 100 crores with its registry, by May 10, 2018. The bench, headed by chief justice Dipak Misra, … READ FULL STORY The post SC asks Jaiprakash Associates to deposit Rs 100 crores by May 10, 2018 appeared first on Housing News.

- Monday, April 16, 2018

India seeks China’s help, for speeding-up of Bengaluru-Chennai train corridor

India has sought China’s assistance, to speed up the Bengaluru-Chennai railway corridor to 150 kms per hour, at the Strategic Economic Dialogue (SED) held between the two countries, in Beijing, NITI Aayog’s vice-chairman Rajiv … READ FULL STORY The post India seeks China’s help, for speeding-up of Bengaluru-Chennai train corridor appeared first on Housing News.

- Monday, April 16, 2018

HC tells Tamil Nadu to publish master plan for Kodaikanal

A division bench of the Madras High Court, of justices M Sathyanarayanan and P Rajamanickam, has asked the Tamil Nadu government to publish the amended master plan for Kodaikanal local planning area, within 12 … READ FULL STORY The post HC tells Tamil Nadu to publish master plan for Kodaikanal appeared first on Housing News.

- Monday, April 16, 2018

Tickets on Mumbai-Ahmedabad bullet train to cost between Rs 250-Rs 3,000

Giving the first official indication of the likely fares on the government’s ambitious Mumbai-Ahmedabad bullet train project, Achal Khare, the managing director of the National High Speed Rail Corporation Ltd (NHSRCL), told reporters that … READ FULL STORY The post Tickets on Mumbai-Ahmedabad bullet train to cost between Rs 250-Rs 3,000 appeared first on Housing News.

- Monday, April 16, 2018

Embassy to invest USD one billion on warehousing space

Embassy Industrial Parks has said that it plans to add nearly five to six million sq ft of warehousing space each year and will be investing around USD one billion over the next three … READ FULL STORY The post Embassy to invest USD one billion on warehousing space appeared first on Housing News.

- Friday, April 13, 2018

Mumbai flat owners in buildings with OCs, to get individual property tax bills

The Brihanmumbai Municipal Corporation (BMC), on April 12, 2018, announced that personalised property tax bills will be issued, to the people who own flats in those buildings that will get the Occupancy Certificates (OCs) … READ FULL STORY The post Mumbai flat owners in buildings with OCs, to get individual property tax bills appeared first on Housing News.

- Friday, April 13, 2018

Water taps may completely dry up in India: Study

According to the developers of a new satellite early warning system for the world’s 5,00,000 dams, shrinking reservoirs in India, Morocco, Iraq and Spain, could spark the next ‘day zero’ water crisis, The Guardian … READ FULL STORY The post Water taps may completely dry up in India: Study appeared first on Housing News.

- Friday, April 13, 2018

Gurugram divided into four zones for undertaking development: CM

Haryana chief minister Manohar Lal Khattar, on April 12, 2018, said that the state government was giving special focus to Gurugram and that the administration had divided the city into four zones, to boost … READ FULL STORY The post Gurugram divided into four zones for undertaking development: CM appeared first on Housing News.

- Friday, April 13, 2018

Genpact, Simplex sign pact, to develop technology park in Kolkata

US-listed IT services company Genpact, has tied up with Kolkata-based Simplex Infra, for co-development of a technology park in Kolkata, a Genpact official said, on April 12, 2018. Genpact has a 1.5-acre leased land … READ FULL STORY The post Genpact, Simplex sign pact, to develop technology park in Kolkata appeared first on Housing News.

- Friday, April 13, 2018

HSIIDC proposes to develop IMT Sohna under PPP mode

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has proposed development of Industrial Model Township (IMT) Sohna, spread across 1,292 acres of land, through the PPP (public-private partnership) mode. The proposed IMT will … READ FULL STORY The post HSIIDC proposes to develop IMT Sohna under PPP mode appeared first on Housing News.

- Thursday, April 12, 2018

DDA announces Rs 8,032-crore budget for FY19, to make Delhi a world-class city

The Delhi Development Authority (DDA), on April 11, 2018, presented its budget for FY 2018-19, along with revised estimates for 2017-18, before the Authority, the DDA’s highest decision-making body, during a meeting held at … READ FULL STORY The post DDA announces Rs 8,032-crore budget for FY19, to make Delhi a world-class city appeared first on Housing News.

- Thursday, April 12, 2018

Bellandur: NGT raps Karnataka government, forms panel to inspect lakes

A National Green Tribunal (NGT) bench, headed by acting chairperson justice Jawad Rahim, pulled up the Karnataka government, saying that the report submitted by the state government on the Bellandur lake in Bengaluru was … READ FULL STORY The post Bellandur: NGT raps Karnataka government, forms panel to inspect lakes appeared first on Housing News.

- Thursday, April 12, 2018

SC asks Waqf Board to show signed documents of Shah Jahan on Taj Mahal

A Supreme Court bench headed by chief justice Dipak Misra, on April 11, 2018, asked the counsel for the Uttar Pradesh Sunni Waqf Board, to show it documents to substantiate the board’s claim that … READ FULL STORY The post SC asks Waqf Board to show signed documents of Shah Jahan on Taj Mahal appeared first on Housing News.

- Thursday, April 12, 2018

SC seeks details from Amrapali, on money collected and invested

In a bid to ascertain whether there was any ‘siphoning’ of funds, the Supreme Court, on April 11, 2018, asked real estate major Amrapali Group, to provide details of the money it had collected … READ FULL STORY The post SC seeks details from Amrapali, on money collected and invested appeared first on Housing News.

- Thursday, April 12, 2018

HC relief for builder Niranjan Hiranandani in provident fund case

The Bombay High Court, on April 11, 2018, quashed a CBI charge-sheet against prominent Mumbai-based builder Niranjan Hiranandani, in a case related to alleged non-depositing of provident fund (PF) dues of his employees. Hiranandani, … READ FULL STORY The post HC relief for builder Niranjan Hiranandani in provident fund case appeared first on Housing News.

- Wednesday, April 11, 2018

Louis Berger consortium bags contract for Mumbai Metro 4 line

Louis Berger, as part of a DB Engineering-led consortium, which also includes Hill International, on April 10, 2018, said that it has been awarded the project management and construction management services contract, including design … READ FULL STORY The post Louis Berger consortium bags contract for Mumbai Metro 4 line appeared first on Housing News.

- Wednesday, April 11, 2018

Haryana collects stamp duty revenue of over Rs 4,265 crores

The Haryana government has collected revenue of over Rs 4,265.18 crores, as stamp duty and registration fees during the period from April 1, 2017 to March 31, 2018, as against Rs 3,260 crores in … READ FULL STORY The post Haryana collects stamp duty revenue of over Rs 4,265 crores appeared first on Housing News.

- Wednesday, April 11, 2018

India may turn to Japan, to deal with solid waste problem: Housing minister

India’s capacity to dispose solid waste in a scientific manner will be increased in the near future, union minister for housing and urban affairs, Hardeep Singh Puri said, on April 10, 2018. “According to … READ FULL STORY The post India may turn to Japan, to deal with solid waste problem: Housing minister appeared first on Housing News.

- Wednesday, April 11, 2018

Rinfra subsidiary DAMEPL not to enforce arbitral award in its favour: HC informed

Reliance Infrastructure subsidiary Delhi Airport Metro Express Private Ltd (DAMEPL), which pulled out from running the Airport Express metro line, has agreed in the Delhi High Court, on April 10, 2018, not to enforce … READ FULL STORY The post Rinfra subsidiary DAMEPL not to enforce arbitral award in its favour: HC informed appeared first on Housing News.

- Tuesday, April 10, 2018

SC orders issuance of public notice, for auctioning Unitech’s assets

The Supreme Court, on April 9, 2018, took note of all the unencumbered assets of real estate major Unitech Limited and ordered that a public notice be issued, inviting objections for auctioning them, to … READ FULL STORY The post SC orders issuance of public notice, for auctioning Unitech’s assets appeared first on Housing News.

- Tuesday, April 10, 2018

Maharashtra to have separate office for cooperative housing societies

A separate office for cooperative housing societies will be set up, to expedite issues related to registration, deemed conveyance, redevelopment, land ownership and the like, Maharashtra’s cooperation minister, Subhash Deshmukh announced on April 9, … READ FULL STORY The post Maharashtra to have separate office for cooperative housing societies appeared first on Housing News.

- Tuesday, April 10, 2018

Sector 150, Noida: Infrastructure development driving NCR’s greenest sector

Conceptualised as an industrial town, Sector 150 falls in the peripheral area of New Okhla Industrial Development Authority (Noida). During the mid-2000s, Sector 150 evolved as an IT hub and subsequently, attracted real estate … READ FULL STORY The post Sector 150, Noida: Infrastructure development driving NCR’s greenest sector appeared first on Housing News.

- Tuesday, April 10, 2018

Kamal Hassan, others in Chennai, get HC reprieve over illegal constructions near beach areas

The Madras High Court, on April 9, 2018, deferred till June 21, the city corporation’s notices for disconnecting power supply to constructions put up by 143 people, including actor-politician Kamal Hassan, allegedly in violation … READ FULL STORY The post Kamal Hassan, others in Chennai, get HC reprieve over illegal constructions near beach areas appeared first on Housing News.

- Tuesday, April 10, 2018

Haryana government comes up with water ATM policy for urban areas

The Haryana government has come up with a ‘water ATM policy’, to provide clean drinking water to people at public places in cities, state minister Kavita Jain said, on April 9, 2018. The urban … READ FULL STORY The post Haryana government comes up with water ATM policy for urban areas appeared first on Housing News.

- Tuesday, April 10, 2018

DMRC cannot shy away from paying 80 per cent of DAMEPL debt: HC

A Delhi High Court bench of justices Sanjiv Khanna and Chander Shekhar, on April 9, 2018, noted that under the agreement between the Delhi Airport Metro Express Private Ltd (DAMEPL) and the Delhi Metro … READ FULL STORY The post DMRC cannot shy away from paying 80 per cent of DAMEPL debt: HC appeared first on Housing News.

- Friday, April 06, 2018

Haryana announces increase in financial limit, for approving works in ULBs

Haryana chief minister Manohar Lal Khattar, on April 5, 2018, announced increasing the financial limit for according administrative approval, for estimates of developmental works in urban local bodies in the state. According to an … READ FULL STORY The post Haryana announces increase in financial limit, for approving works in ULBs appeared first on Housing News.

- Friday, April 06, 2018

Centre commits Rs 2,070 crores under AMRUT for 31 Gujarat cities

In a release issued on April 5, 2018, independent Rajya Sabha MP Parimal Nathwani, has said that the centre has committed a sum of Rs 2,070 crores for the development of 31 cities in … READ FULL STORY The post Centre commits Rs 2,070 crores under AMRUT for 31 Gujarat cities appeared first on Housing News.

- Friday, April 06, 2018

Peninsula Land forays into affordable housing, with project in Pune

Peninsula Land Limited, which is part of the Ashok Piramal Group, on April 5, 2018, announced its foray into the affordable housing segment, with the launch of its new project ‘addressOne’ located at Gahunje, … READ FULL STORY The post Peninsula Land forays into affordable housing, with project in Pune appeared first on Housing News.

- Thursday, April 05, 2018

RBI maintains status quo, keeps repo rate unchanged

The Reserve Bank of India (RBI), on April 5, 2018, kept the key policy rate unchanged at six per cent, for the fourth consecutive time since August 2017, in view of uncertainties around inflation. … READ FULL STORY The post RBI maintains status quo, keeps repo rate unchanged appeared first on Housing News.

- Thursday, April 05, 2018

CRISIL advises caution on home loans to businessmen, as NPAs double

Despite a surge in delinquencies, lenders are increasingly focusing on the self-employed segment, to fuel home loan growth but there is a need to tread cautiously in this risky segment, given the massive spike … READ FULL STORY The post CRISIL advises caution on home loans to businessmen, as NPAs double appeared first on Housing News.

- Thursday, April 05, 2018

BMC spent 83 per cent of budget for developmental works

The Brihanmumbai Municipal Corporation (BMC) has spent Rs 5,052 crores on capital expenditure (amounting to 83 per cent), against the allotted budget of Rs 6,111 crores in the fiscal 2017-18. This is 31 per … READ FULL STORY The post BMC spent 83 per cent of budget for developmental works appeared first on Housing News.

- Thursday, April 05, 2018

NGT dismisses plea against felling of trees for Dwarka convention centre

A National Green Tribunal (NGT) bench, headed by justice Raghuvendra S Rathore, on April 4, 4018, said that it was satisfied that all the concerns and suggestions, which the applicant had raised, regarding the … READ FULL STORY The post NGT dismisses plea against felling of trees for Dwarka convention centre appeared first on Housing News.

- Wednesday, April 04, 2018

Sealing drive: Delhi Master Plan changed to legalise what is illegal, says SC

The centre’s submission that the Master Plan of Delhi-2021, was the solution for issues related to unauthorised constructions in the national capital, on April 3, 2018, failed to impress the Supreme Court, which termed … READ FULL STORY The post Sealing drive: Delhi Master Plan changed to legalise what is illegal, says SC appeared first on Housing News.

- Wednesday, April 04, 2018

Flyover to be constructed at Manesar, to decongest NH 48

The National Highways Authority of India (NHAI) has said that it is in the final stage of preparing a detailed project report (DPR), for constructing a flyover at Manesar. According to a senior official … READ FULL STORY The post Flyover to be constructed at Manesar, to decongest NH 48 appeared first on Housing News.

- Wednesday, April 04, 2018

Lack of coordination among agencies hampering road development in Delhi: CAG

The Delhi urban development department has not set up any mechanism of coordination among multiple agencies, to prepare a plan for developing road networks, resulting in hindrance in the works required for coping up … READ FULL STORY The post Lack of coordination among agencies hampering road development in Delhi: CAG appeared first on Housing News.

- Tuesday, April 03, 2018

Sack Maharashtra minister for denotifying industrial land: Congress

In a statement issued on April 2, 2018, Congress leader Radhakrishna Vikhe Patil, citing the Bakshi Committee report on denotification of land, asked the Maharashtra government to remove industries minister Subhash Desai. Patil said … READ FULL STORY The post Sack Maharashtra minister for denotifying industrial land: Congress appeared first on Housing News.

- Monday, April 02, 2018

Gujarat announces common Development Control Regulations across state

In a bid to remove discrepancies and bring a greater transparency and improve ease of doing business for construction activities, Gujarat chief minister Vijay Rupani has approved the new common General Development Control Regulations … READ FULL STORY The post Gujarat announces common Development Control Regulations across state appeared first on Housing News.

- Monday, April 02, 2018

Pune home buyers spared, as real estate Ready Reckoner rates to remain unchanged

Ready Reckoner (RR) rates indicate the value of land or residential and commercial properties of an area, determined by the state government and are published annually. RR rates vary as per the area under … READ FULL STORY The post Pune home buyers spared, as real estate Ready Reckoner rates to remain unchanged appeared first on Housing News.

- Monday, April 02, 2018

Realty sector on recovery path, HNIs pouring money: Report

The Indian real estate market, which was at its lowest level in the past four to five years, has witnessed a recovery in 2018, owing to greater transparency and greater consolidation, says a report … READ FULL STORY The post Realty sector on recovery path, HNIs pouring money: Report appeared first on Housing News.

- Monday, April 02, 2018

Andhra Pradesh unveils action plan on urban infrastructure

The Andhra Pradesh government has been adopting a focused approach, to fill the widening gaps in infrastructure across the state and to meet the challenges posed by a fast-expanding urban geography and demography, said … READ FULL STORY The post Andhra Pradesh unveils action plan on urban infrastructure appeared first on Housing News.

- Monday, April 02, 2018

Fearing spike in NPAs, NBFCs and HFCs help realtors to sell properties

Non-banking finance companies (NBFCs) and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors, who are still reeling … READ FULL STORY The post Fearing spike in NPAs, NBFCs and HFCs help realtors to sell properties appeared first on Housing News.

- Friday, March 30, 2018

Rose Valley ponzi scam: ED attaches assets worth over Rs 2,300 crores

Officials of the Enforcement Directorate (ED), on March 29, 2018, said that the agency has issued a provisional order under the Prevention of Money Laundering Act (PMLA), attaching 11 resorts, nine hotels and a … READ FULL STORY The post Rose Valley ponzi scam: ED attaches assets worth over Rs 2,300 crores appeared first on Housing News.

- Friday, March 30, 2018

CAG slams government for failure to relocate slum-dwellers from Mumbai Airport land

The Slum Rehabilitation Authority (SRA) and the Housing Department of Maharashtra failed to shift slum-dwellers from the airport land in Mumbai, even ten years after a private builder was given the job of building … READ FULL STORY The post CAG slams government for failure to relocate slum-dwellers from Mumbai Airport land appeared first on Housing News.

- Friday, March 30, 2018

Goa revives controversial Regional Plan 2021

Nearly six years after it was put on hold due to protests, the Goa Regional Plan 2021 was revived on March 29, 2018, with the state government allowing construction activities, on a case to … READ FULL STORY The post Goa revives controversial Regional Plan 2021 appeared first on Housing News.

- Thursday, March 29, 2018

Maharashtra might have uniform development control rules for municipal bodies in the MMR

Maharashtra’s minister of state for urban development, Ranjit Patil, on March 28, 2018, informed the legislative council that a proposal for uniform development control rules (DCR) for eight municipal corporations under the Mumbai Metropolitan … READ FULL STORY The post Maharashtra might have uniform development control rules for municipal bodies in the MMR appeared first on Housing News.

- Thursday, March 29, 2018

Project to augment water supply in Dwarka, approved

The Delhi government, on March 28, 2018, approved a project to augment potable water supply in Dwarka sub-city, by creating new sources of raw water, according to an official statement. At a meeting of … READ FULL STORY The post Project to augment water supply in Dwarka, approved appeared first on Housing News.

- Thursday, March 29, 2018

No conflict of interest in de-notification of industrial lands in Igatpuri: Maharashtra CM

Maharashtra chief minister Devendra Fadnavis, on March 28, 2018, said that an inquiry found that there was no ‘conflict of interest’ in industries minister Subhash Desai’s decision on de-notification of industrial lands. Former additional … READ FULL STORY The post No conflict of interest in de-notification of industrial lands in Igatpuri: Maharashtra CM appeared first on Housing News.

- Thursday, March 29, 2018

CAG pulls up MMRDA for failure to recover Rs 770 crores from RIL

The Comptroller and Auditor General of India (CAG), in a report tabled in the Maharashtra legislature, on March 28, 2018, has said that the Mumbai Metropolitan Region Development Authority (MMRDA) is yet to recover … READ FULL STORY The post CAG pulls up MMRDA for failure to recover Rs 770 crores from RIL appeared first on Housing News.

- Wednesday, March 28, 2018

HC asks DMRC to settle immediate debts owed to banks by DAMEPL

The Delhi High Court’s justice Vibhu Bakhru, on March 27, 2018, asked the Delhi Metro Rail Corporation (DMRC) to ascertain the immediate amount that Reliance Infrastructure’s (Rinfra’s) subsidiary, DAMEPL, has to pay to 11 … READ FULL STORY The post HC asks DMRC to settle immediate debts owed to banks by DAMEPL appeared first on Housing News.

- Wednesday, March 28, 2018

Provident Park Square receives 750 bookings on first day

Provident Housing, a 100 per cent subsidiary of Puravankara Limited, has announced the successful culmination of the book building process for its first project in the RERA era and revealed its opening price points … READ FULL STORY The post Provident Park Square receives 750 bookings on first day appeared first on Housing News.

- Wednesday, March 28, 2018

Piramal Realty launches premium residential project in Mahalaxmi, south Mumbai

Piramal Realty (PRL), the real estate development arm of Piramal Group, on March 28, 2018, announced the launch of Piramal Mahalaxmi, its flagship project in south Mumbai. Tower 1 of the project will have … READ FULL STORY The post Piramal Realty launches premium residential project in Mahalaxmi, south Mumbai appeared first on Housing News.

- Tuesday, March 27, 2018

80 per cent designing of bullet train bridges, tunnels done: Official

Almost 80 per cent work of designing of the bridges, viaducts and tunnels, on the country’s first bullet train between Ahmedabad and Mumbai, has been completed by engineers based in Delhi, Mumbai and Japan, … READ FULL STORY The post 80 per cent designing of bullet train bridges, tunnels done: Official appeared first on Housing News.

- Tuesday, March 27, 2018

Telangana sets up SPV to extend metro line to Shamshabad airport

The Telangana government has set up a special purpose vehicle (SPV), which will be jointly promoted by the Hyderabad Metro Rail Limited (HMRL) and the Hyderabad Metropolitan Development Authority (HMDA), to extend the Hyderabad … READ FULL STORY The post Telangana sets up SPV to extend metro line to Shamshabad airport appeared first on Housing News.

- Tuesday, March 27, 2018

Consider allotting two reserved plots to house displaced people: HC to Maharashtra

The Bombay High Court, on March 26, 2018, asked the Maharashtra government to consider allotting two plots in the suburbs, originally reserved for a cancer hospital and a public housing project, to rehabilitate over … READ FULL STORY The post Consider allotting two reserved plots to house displaced people: HC to Maharashtra appeared first on Housing News.

- Tuesday, March 27, 2018

Will issue notification on mixed-land use along 351 roads: Delhi government

The Delhi government, on March 26, 2018, said it will issue a notification on mixed-land use along 351 roads soon, after the Supreme Court approves it, paving the way for legalising commercial establishments there. … READ FULL STORY The post Will issue notification on mixed-land use along 351 roads: Delhi government appeared first on Housing News.

- Friday, March 23, 2018

Delhi Budget: Government allocates Rs 3,106 crores for housing, urban development

The Delhi government, on March 22, 2018, proposed Rs 3,106 crores for housing and urban development in its 2018-19 budget. The budget was presented by deputy chief minister Manish Sisodia in the Delhi assembly. … READ FULL STORY The post Delhi Budget: Government allocates Rs 3,106 crores for housing, urban development appeared first on Housing News.

- Friday, March 23, 2018

MMRDA ups focus on infra, with Rs 12,157-crore budget for FY19

With a focus on speedy implementation of various infrastructure projects in the megapolis, Maharashtra chief minister Devendra Fadnavis, on March 22, 2018, approved the Rs 12,156.95-crore budget presented by the Mumbai Metropolitan Region Development … READ FULL STORY The post MMRDA ups focus on infra, with Rs 12,157-crore budget for FY19 appeared first on Housing News.

- Friday, March 23, 2018

Kolkata Metro completes tunneling under heritage buildings

A critical phase of tunneling under the busiest part of the city, which houses a number of heritage buildings, was completed by the Kolkata Metro Rail Corporation, on March 22, 2018, a Metro official … READ FULL STORY The post Kolkata Metro completes tunneling under heritage buildings appeared first on Housing News.

- Friday, March 23, 2018

No development to be allowed at Mahim Nature Park: Maharashtra government

Seeking to allay fears that the Maharashtra government planned to allow developments at the Mahim Nature Park (MNP) in Mumbai, minister of state for housing Ravindra Waikar said, “The government will keep intact the … READ FULL STORY The post No development to be allowed at Mahim Nature Park: Maharashtra government appeared first on Housing News.

- Thursday, March 22, 2018

Bengaluru among 10 cities that could face imminent water crisis

Bengaluru is among the 10 cities in the world that might be on the verge of an imminent acute water crisis, just as the one faced by Cape Town in South Africa, a CSE-assisted … READ FULL STORY The post Bengaluru among 10 cities that could face imminent water crisis appeared first on Housing News.

- Thursday, March 22, 2018

Work on Mumbai Coastal Road project to begin in May 2018: CM

Work on the Coastal Road project between Nariman Point in south Mumbai and suburban Kandivali, will start in May this year, chief minister Devendra Fadnavis told the legislative council, on March 22, 2018. In … READ FULL STORY The post Work on Mumbai Coastal Road project to begin in May 2018: CM appeared first on Housing News.

- Thursday, March 22, 2018

New Town Kolkata risks losing ‘Smart City’ tag

The housing and urban affairs ministry will review the smart city tag for New Town Kolkata, union minister Hardeep Singh Puri has said, amid reports that the city’s authorities have not implemented any project … READ FULL STORY The post New Town Kolkata risks losing ‘Smart City’ tag appeared first on Housing News.

- Thursday, March 22, 2018

Prestige Group launches Prestige Courtyards in Chennai

Prestige Group, on March 22, 2018, announced the launch of Prestige Courtyards, located in Sholinganallur, just off the Old Mahabalipuram Road, christened as Chennai’s IT corridor. Spread across 11.32 acres, Prestige Courtyards comprises of … READ FULL STORY The post Prestige Group launches Prestige Courtyards in Chennai appeared first on Housing News.

- Thursday, March 22, 2018

Railways green-lights Rs 492.87-crore project, to ease traffic congestion in Bengaluru

Keeping in mind the growing pressure of the suburban traffic in Bengaluru, the Railways has sanctioned a quadrupling project, with a provision of two additional lines from Bengaluru Cantonment to Whitefield, at a cost … READ FULL STORY The post Railways green-lights Rs 492.87-crore project, to ease traffic congestion in Bengaluru appeared first on Housing News.

- Wednesday, March 21, 2018

SC asks Jaiprakash Associates Ltd to deposit Rs 200 crores by May 10, 2018

A Supreme Court bench headed by chief justice Dipak Misra, on March 21, 2018, asked real estate firm Jaiprakash Associates Limited (JAL) to deposit Rs 100 crores by April 6, 2018 and another Rs … READ FULL STORY The post SC asks Jaiprakash Associates Ltd to deposit Rs 200 crores by May 10, 2018 appeared first on Housing News.

- Wednesday, March 21, 2018

Proposal for inclusion of four UP districts in NCR under examination: Centre

The centre was examining a proposal from the Uttar Pradesh government for inclusion of four districts – Mathura, Saharanpur, Aligarh and Bijnor – in the National Capital Region (NCR), housing and urban affairs minister … READ FULL STORY The post Proposal for inclusion of four UP districts in NCR under examination: Centre appeared first on Housing News.

- Wednesday, March 21, 2018

Digital platform for MHADA, BMC redeveloped buildings: Maharashtra CM

The redeveloped buildings of MHADA and the civic body in Mumbai, would be brought on a single digital platform by linking the documents to Aadhaar, so that information on their sale and purchase could … READ FULL STORY The post Digital platform for MHADA, BMC redeveloped buildings: Maharashtra CM appeared first on Housing News.

- Wednesday, March 21, 2018

Greenpeace asks government to immediately enforce National Clean Air Program

A green body, on March 20, 2018, protested outside the Badarpur power plant in Delhi, urging the government to enforce the National Clean Air Program (NCAP) by putting sector-wise plans, to achieve 35 per … READ FULL STORY The post Greenpeace asks government to immediately enforce National Clean Air Program appeared first on Housing News.

- Wednesday, March 21, 2018

Rinfra subsidiary moves HC, to enforce arbitration award of Rs 5,200 crores against Delhi Metro

Reliance Infrastructure’s (Rinfra’s) subsidiary Delhi Airport Metro Express Private Limited (DAMEPL), which was operating the Delhi Metro’s Airport Express line, has moved the Delhi High Court, seeking the execution of the arbitration award of … READ FULL STORY The post Rinfra subsidiary moves HC, to enforce arbitration award of Rs 5,200 crores against Delhi Metro appeared first on Housing News.

- Tuesday, March 20, 2018

No environmental laws flouted for Aarey car shed: Mumbai Metro

In an affidavit to the Bombay High Court, the Mumbai Metro Rail Corporation (MMRC), on March 20, 2018, said that the proposal to construct a car shed in Aarey Milk Colony, had been approved … READ FULL STORY The post No environmental laws flouted for Aarey car shed: Mumbai Metro appeared first on Housing News.

- Tuesday, March 20, 2018

SRA, MHADA redevelopment to be brought under MahaRERA

Maharashtra’s housing development minister Prakash Mehta, on March 19, 2018, said that redevelopment projects under the Slum Rehabilitation Authority (SRA) and Maharashtra Housing and Area Development Authority (MHADA), will soon be brought under the … READ FULL STORY The post SRA, MHADA redevelopment to be brought under MahaRERA appeared first on Housing News.

- Tuesday, March 20, 2018

Connaught Place third-most expensive office district in Asia-Pacific: Report

Commanding gross effective rentals of USD 88.8 per sq metre per month, Connaught Place in Delhi, emerged as the third-most expensive office district among global peers across 20 international cities, on the index topped … READ FULL STORY The post Connaught Place third-most expensive office district in Asia-Pacific: Report appeared first on Housing News.

- Tuesday, March 20, 2018

Falling groundwater level, salinity of water in parts of Delhi: Survey

The water level at some places in south and south-west Delhi, has gone 20 to 30 metres below the ground level, said the latest economic survey of the national capital, which was released on … READ FULL STORY The post Falling groundwater level, salinity of water in parts of Delhi: Survey appeared first on Housing News.

- Tuesday, March 20, 2018

Bring model scheme for construction workers in six months: SC

The Supreme Court has directed all the state governments and union territories, to constitute an expert committee and bring out statutory rules for construction workers, within six months. The top court said that more … READ FULL STORY The post Bring model scheme for construction workers in six months: SC appeared first on Housing News.

- Monday, March 19, 2018

Maharashtra government altering city plans to help builders: Congress

The Congress’ Mumbai chief Sanjay Nirupam, in a statement issued on March 16, 2018, alleged that the rules of the Development Control Regulations were being altered, to help a lobby of builders close to … READ FULL STORY The post Maharashtra government altering city plans to help builders: Congress appeared first on Housing News.

- Monday, March 19, 2018

Post-RERA, channel partners becoming crucial in realty sales

Following the significant change in dynamics in the real estate market, after the implementation of the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST), channel partners are increasingly … READ FULL STORY The post Post-RERA, channel partners becoming crucial in realty sales appeared first on Housing News.

- Monday, March 19, 2018

Haryana notifies development plan for Faridabad

The Haryana government has notified the development plan for Faridabad, keeping in view the overall town density of 115 persons per hectares, to accommodate 39.55 lakh people by 2031, within the urbanisable area of … READ FULL STORY The post Haryana notifies development plan for Faridabad appeared first on Housing News.

- Monday, March 19, 2018

UP government to file FIRs against builders for non-registration of flats

With many cases where real estate developers have handed over apartments to buyers without registering the flats, particularly in cities like Noida, Greater Noida and Ghaziabad that are part of the National Capital Region, … READ FULL STORY The post UP government to file FIRs against builders for non-registration of flats appeared first on Housing News.

- Monday, March 19, 2018

Godrej Properties and Godrej Fund Management, to develop commercial project, at Vikhroli, Mumbai

Godrej Properties Ltd has announced that it has diluted part of its holding in the entity, which is developing Godrej Two, the under-construction Grade-A commercial building located at The Trees in Vikhroli, Mumbai. Godrej … READ FULL STORY The post Godrej Properties and Godrej Fund Management, to develop commercial project, at Vikhroli, Mumbai appeared first on Housing News.

- Monday, March 19, 2018

Maharashtra farmers ‘reclaim’ land acquired by Nirav Modi’s firm

Farmers in Ahmednagar district of Maharashtra, on March 17, 2018, claimed that fugitive jeweller Nirav Modi, the prime accused in the alleged Rs 11,400-crore Punjab National Bank fraud, had acquired their lands at less … READ FULL STORY The post Maharashtra farmers ‘reclaim’ land acquired by Nirav Modi’s firm appeared first on Housing News.

- Monday, March 19, 2018

Work on Inland Waterways’ Haldia terminal to begin on March 23, 2018

Union minister for Road Transport and Highways, Shipping and Water Resources, Nitin Gadkari, is expected to lay the foundation stone for the Inland Waterways Authority of India’s (IWAI’s) multi-modal terminal at Haldia and the … READ FULL STORY The post Work on Inland Waterways’ Haldia terminal to begin on March 23, 2018 appeared first on Housing News.

- Monday, March 19, 2018

NGT puts construction of road through Aravalli Range, on hold

A National Green Tribunal (NGT) bench, comprising judicial members Jawad Rahim and SP Wangdi and executive member Nagin Nanda, said that a private company, which was clearing a six-hectare forested area of the Aravalli … READ FULL STORY The post NGT puts construction of road through Aravalli Range, on hold appeared first on Housing News.

- Friday, March 16, 2018

SC directs Amrapali Group to meet home buyers on March 17, 2018

The Supreme Court, on March 15, 2018, directed that a meeting of the representatives of Amrapali Group and its home buyers be held at the Supreme Court’s consultation room, on March 17, 2018. A … READ FULL STORY The post SC directs Amrapali Group to meet home buyers on March 17, 2018 appeared first on Housing News.

- Friday, March 16, 2018

Government mulls handing over maintenance of seized properties to NBCC

In its last meeting, on March 13, 2018, to discuss ways to better manage properties seized, frozen or confiscated under the Prevention of Money Laundering Act (PMLA), including those belonging to fugitive businessmen Vijay … READ FULL STORY The post Government mulls handing over maintenance of seized properties to NBCC appeared first on Housing News.

- Friday, March 16, 2018

Maharashtra introduces bill for infra projects involving underground pipelines, ducts

The Maharashtra government, on March 15, 2018, presented a bill to provide a legal framework, for speedy implementation of infrastructure projects involving laying of underground pipelines and ducts. So far, the state has no … READ FULL STORY The post Maharashtra introduces bill for infra projects involving underground pipelines, ducts appeared first on Housing News.

- Thursday, March 15, 2018

Maharashtra open to property tax waiver demand for 750 sq ft houses: CM

Maharashtra chief minister Devendra Fadnavis, on March 14, 2018, said that his government was positive to the demand of waiving property tax for houses with a carpet area of 750 sq ft. “The Brihanmumbai … READ FULL STORY The post Maharashtra open to property tax waiver demand for 750 sq ft houses: CM appeared first on Housing News.

- Thursday, March 15, 2018

Kerala gives final nod for Embassy Taurus World Technology Centre, in Trivandrum

Following the joint venture agreement between Embassy Property Development Pvt Ltd and Taurus Investment Holdings, the JV entities, Winterfell Realty Private Limited and Dorne Realty Private Limited, on March 14, 2018, signed the lease … READ FULL STORY The post Kerala gives final nod for Embassy Taurus World Technology Centre, in Trivandrum appeared first on Housing News.

- Thursday, March 15, 2018

Pune best governed, Bengaluru worst, Delhi improves: Study

Pune, with a score of 5.1, has been ranked first, when it comes to local governance, followed by Kolkata, Thiruvananthapuram, Bhubaneswar and Surat, according to the Annual Survey of India’s City-System (ASICS) undertaken for … READ FULL STORY The post Pune best governed, Bengaluru worst, Delhi improves: Study appeared first on Housing News.

- Thursday, March 15, 2018

Delhi Metro’s Pink Line inaugurated, government to clear Phase-IV soon

Chief minister Arvind Kejriwal, on March 14, 2018, said that his government would soon clear the Delhi Metro’s long-pending Phase-IV project, while indicating that there were ‘issues of financial viability’ on some of its … READ FULL STORY The post Delhi Metro’s Pink Line inaugurated, government to clear Phase-IV soon appeared first on Housing News.

- Thursday, March 15, 2018

Zaha Hadid Architects to design Navi Mumbai International Airport

Britain-based Zaha Hadid Architects (ZHA), has bagged the contract from Navi Mumbai International Airport Limited (NMIAL), after a 12-week design competition, to design the new airport’s Terminal 1 and air traffic control (ATC) tower. … READ FULL STORY The post Zaha Hadid Architects to design Navi Mumbai International Airport appeared first on Housing News.

- Wednesday, March 14, 2018

NHAI awards Rs 1,047-crore Dwarka Expressway package to L&T

The package to build an eight-lane expressway from Basai RoB to NH 8 – SPR intersection in Haryana, will be executed by L&T at a cost of Rs 1,047 crores, under EPC (engineering, construction … READ FULL STORY The post NHAI awards Rs 1,047-crore Dwarka Expressway package to L&T appeared first on Housing News.

- Wednesday, March 14, 2018

Five infrastructure projects to come up for AIIB consideration

Apart from the existing projects, five new initiatives have been proposed before the Asian Infrastructure Investment Bank (AIIB) for funding, senior investment operations specialist of the bank Soon-sik Lee said, at a symposium ‘Mass … READ FULL STORY The post Five infrastructure projects to come up for AIIB consideration appeared first on Housing News.

- Wednesday, March 14, 2018

CID to probe irregularities at SRA under ex-CEO Patil: Maharashtra government

The Maharashtra government has accepted the opposition’s demand for a CID probe, into the alleged irregularities by the former CEO of the Slum Rehabilitation Authority (SRA,) Vishwas Patil, the assembly was informed on March … READ FULL STORY The post CID to probe irregularities at SRA under ex-CEO Patil: Maharashtra government appeared first on Housing News.

- Tuesday, March 13, 2018

DDA has sought changes in Delhi Master Plan 2021: Housing minister

Union Housing and urban affairs minister Hardeep Singh Puri, said the Delhi Development Authority (DDA), on March 12, 2018, submitted an affidavit in the Supreme Court seeking an amendment to the Delhi Master Plan … READ FULL STORY The post DDA has sought changes in Delhi Master Plan 2021: Housing minister appeared first on Housing News.

- Tuesday, March 13, 2018

Land acquisition: SC sets aside two decisions of Haryana government

The Supreme Court, on March 12, 2018, set aside two orders of the erstwhile Bhupinder Singh Hooda government in connection with land acquisitions in adjoining areas of Gurugram in Haryana, terming the decisions as … READ FULL STORY The post Land acquisition: SC sets aside two decisions of Haryana government appeared first on Housing News.

- Tuesday, March 13, 2018

SDMC extends ambit of property tax amnesty scheme to all colonies

The South Delhi Municipal Corporation (SDMC), on March 12, 2018, extended the ambit of an amnesty scheme to provide substantial relief in property tax, to residents of all types of colonies, officials said. The … READ FULL STORY The post SDMC extends ambit of property tax amnesty scheme to all colonies appeared first on Housing News.

- Tuesday, March 13, 2018

SC asks Unitech to give list of assets, says would auction them to pay home buyers

The Supreme Court, on March 12, 2018, asked embattled real estate company Unitech Limited and its jailed managing director (MD) Sanjay Chandra, to give a list of its unencumbered properties in India and abroad … READ FULL STORY The post SC asks Unitech to give list of assets, says would auction them to pay home buyers appeared first on Housing News.

- Tuesday, March 13, 2018

Rise in home sales, dip in QTS indicate market recovery: ICRA

Real estate companies sold 17.26 million sq ft during the nine months from April to December 2017, against 13.35 million sq ft in the year-ago period (a rise of 29.3 per cent), according to … READ FULL STORY The post Rise in home sales, dip in QTS indicate market recovery: ICRA appeared first on Housing News.

- Tuesday, March 13, 2018

National Clean Air Programme a good start, but needs transparency: Greenpeace

Greenpeace India has welcomed the government’s growing concentration towards air pollution, while also raising concerns over what it termed as ‘ambiguity on the planning, given the lack of information on public domain regarding the … READ FULL STORY The post National Clean Air Programme a good start, but needs transparency: Greenpeace appeared first on Housing News.

- Monday, March 12, 2018

Majlis Park-South Campus stretch of Delhi Metro’s Pink Line to open on March 14

The Commissioner for Metro Rail Safety (CMRS), which inspected the Majlis Park-Durgabhai Deshmukh South Campus section of the Delhi Metro’s Pink Line from February 26-28, has given the clearance for the project and consequently, … READ FULL STORY The post Majlis Park-South Campus stretch of Delhi Metro’s Pink Line to open on March 14 appeared first on Housing News.

- Monday, March 12, 2018

Maharashtra using drones to map villages and towns

The Maharashtra government has launched a pilot project, to survey villages and towns in the state with the help of camera-fitted drones, a revenue department official said, on March 11, 2018. Mapping was earlier … READ FULL STORY The post Maharashtra using drones to map villages and towns appeared first on Housing News.

- Monday, March 12, 2018

Parliamentary panel pulls up Housing Ministry, on failure to utilise funds

The standing committee on urban development, in its report on demand for grants for 2018-19 tabled in the parliament on March 9, 2018, said it was concerned to find that the actual utilisation of … READ FULL STORY The post Parliamentary panel pulls up Housing Ministry, on failure to utilise funds appeared first on Housing News.

- Monday, March 12, 2018

Buildings being created without sense, planned development missing: Architect Doshi

According to noted architect Balkrishna Doshi, a ‘smart city’ is one that is ‘integral, efficient, uses less energy, gives more choices, is more and more independent and self-sustainable’. “When a building celebrates life, then … READ FULL STORY The post Buildings being created without sense, planned development missing: Architect Doshi appeared first on Housing News.

- Monday, March 12, 2018

Maharashtra wants planning agencies to share cost of infra projects

Maharashtra’s finance minister Sudhir Mungantiwar, on March 9, 2018, presented the budget for 2018-19, which has an estimated revenue deficit of Rs 15,374 crores and focuses on improving infrastructure. While he made a provision … READ FULL STORY The post Maharashtra wants planning agencies to share cost of infra projects appeared first on Housing News.

- Friday, March 09, 2018

Maharashtra changed Mumbai Development Plan for metro car shed: HC informed

Some city residents and activists have approached the Bombay High Court, alleging that the Maharashtra government has illegally modified the draft Development Plan 2034 for Mumbai, to show what was previously a green zone, … READ FULL STORY The post Maharashtra changed Mumbai Development Plan for metro car shed: HC informed appeared first on Housing News.

- Friday, March 09, 2018

TN seeks speedy approvals for industrial corridor projects

Tamil Nadu’s deputy chief minister O Panneerselvam, on March 8, 2018, requested the union commerce and industry minister Suresh Prabhu, to ensure that speedy clearances are accorded to the Chennai Bengaluru industrial corridor and … READ FULL STORY The post TN seeks speedy approvals for industrial corridor projects appeared first on Housing News.

- Friday, March 09, 2018

Final shape being given to new law for metro networks

Urban affairs secretary DS Mishra, on March 8, 2018, revealed that a new law was being framed, for metro networks across the country. “The two existing laws related to operation, maintenance and construction, have … READ FULL STORY The post Final shape being given to new law for metro networks appeared first on Housing News.

- Friday, March 09, 2018

Telangana plans to set up two greenfield airports

Telangana minister for IT and industries KT Rama Rao, on March 8, 2018, said that the state was planning to set up two greenfield airports at Kothagudam and Jakranpally, besides making the Warangal airport … READ FULL STORY The post Telangana plans to set up two greenfield airports appeared first on Housing News.

- Friday, March 09, 2018

KoPT plans economic zone-cum-cargo terminal at Balagarh

The Kolkata Port Trust (KoPT), on March 8, 2018, said that it was planning an economic zone-cum-extended terminal for cargo at Balagarh, using the National Waterways-1 to transport goods between Haldia and Allahabad. “National … READ FULL STORY The post KoPT plans economic zone-cum-cargo terminal at Balagarh appeared first on Housing News.

- Thursday, March 08, 2018

Population of wealthy Indians to grow by 71 per cent by 2022: Report

According to property consultant Knight Frank’s Wealth Report 2018, at 54 per cent, India has recorded one of the fastest growth in its population of individuals, with a net worth of USD 50 million, … READ FULL STORY The post Population of wealthy Indians to grow by 71 per cent by 2022: Report appeared first on Housing News.

- Thursday, March 08, 2018

PE investments decline 60 per cent in February 2018 with no mega deals: Report

Private equity and venture capital investments in February, registered a sharp 60 per cent month-on-month decline to USD 1.4 billion across 63 deals, due to the absence of any mega deals, says a report. … READ FULL STORY The post PE investments decline 60 per cent in February 2018 with no mega deals: Report appeared first on Housing News.

- Thursday, March 08, 2018

Maharashtra stays recovery of arrears from MHADA colonies for a month

The Maharashtra government, on March 7, 2018, stayed for a month the recovery of arrears from the tenants of MHADA (Maharashtra Housing and Area Development Authority) colonies in the city. The state’s housing minister … READ FULL STORY The post Maharashtra stays recovery of arrears from MHADA colonies for a month appeared first on Housing News.

- Thursday, March 08, 2018

First stretch of Ahmedabad Metro to be operational by 2018-end

The Gujarat government, on March 7, 2018, informed the state’s legislative assembly that a 6.5-km-long stretch of the metro rail project in Ahmedabad, would become functional by the end of 2018. The 6.5-km-long stretch, … READ FULL STORY The post First stretch of Ahmedabad Metro to be operational by 2018-end appeared first on Housing News.

- Wednesday, March 07, 2018

SC stays amendment in Delhi Master Plan 2021, says ‘dadagiri’ has to stop

The Supreme Court, on March 6, 2018, took strong exception to the non-filing of affidavits by the Delhi government, the Delhi Development Authority (DDA) and municipal corporations of Delhi (MCDs), on whether an environment … READ FULL STORY The post SC stays amendment in Delhi Master Plan 2021, says ‘dadagiri’ has to stop appeared first on Housing News.

- Wednesday, March 07, 2018

Allot more funds for Kolkata Metro: Parliamentary panel

The standing committee on railways, headed by Trinamool MP from Kolkata north, Sudip Bandyopadhyay, has said that the allocation to the Kolkata Metro Rail Corporation Limited (KMRCL) has been revised downwards by almost 25 … READ FULL STORY The post Allot more funds for Kolkata Metro: Parliamentary panel appeared first on Housing News.

- Wednesday, March 07, 2018

Metro rail network likely to cross 700 kms in a few years: Housing minister

Union minister Hardeep Singh Puri said, on March 6, 2018, that the metro rail network in the county was expected to cross 700 kms in the next few years. Addressing an event in New … READ FULL STORY The post Metro rail network likely to cross 700 kms in a few years: Housing minister appeared first on Housing News.

- Wednesday, March 07, 2018

HC directs Delhi Metro to pay over Rs 3,500 crores to Rinfra’s subsidiary

The Delhi High Court’s justice Sanjeev Sachdeva, on March 6, 2018, dismissed the Delhi Metro Rail Corporation’s (DMRC’s) plea against the Arbitral Tribunal’s May 2017 order, asking it to make payments to Reliance Infrastructure’s … READ FULL STORY The post HC directs Delhi Metro to pay over Rs 3,500 crores to Rinfra’s subsidiary appeared first on Housing News.

- Tuesday, March 06, 2018

Government working on Delhi Metro Phase IV, rapid rail system: Housing minister

The government has decided to go ahead with Delhi Metro’s Phase IV project and a rapid rail system connecting the national capital with Meerut, union minister Hardeep Singh Puri has said. The Delhi government, … READ FULL STORY The post Government working on Delhi Metro Phase IV, rapid rail system: Housing minister appeared first on Housing News.

- Tuesday, March 06, 2018

In a first, Citi launches treasury bill rate-linked home loans

Even as rivals continue to be reluctant about adopting external benchmarks for setting lending rates, American lender Citi, on March 5, 2018, launched the country’s first market benchmark rate-linked lending product. The bank has … READ FULL STORY The post In a first, Citi launches treasury bill rate-linked home loans appeared first on Housing News.

- Tuesday, March 06, 2018

Telangana to study Maharashtra, Karnataka model, for RERA implementation

The Telangana government has constituted a panel that will study the administrative set up and procedural aspects being followed by Maharashtra and Karnataka, vis-à-vis the Real Estate (Regulation and Development) Act (RERA). Principal secretary, … READ FULL STORY The post Telangana to study Maharashtra, Karnataka model, for RERA implementation appeared first on Housing News.

- Tuesday, March 06, 2018

SC asks Unitech to furnish details of assets

A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on March 5, 2018, ordered that “A competent authority of Unitech Limited shall file an affidavit, mentioning the … READ FULL STORY The post SC asks Unitech to furnish details of assets appeared first on Housing News.

- Tuesday, March 06, 2018

Tech-savvy buyers adopting digital medium for property dealings: Study

According to a study by property portal NoBroker.com, on a sample size of 7,063 tenants from across the country, nearly 83 per cent of the respondents preferred to search online, for prospective properties to … READ FULL STORY The post Tech-savvy buyers adopting digital medium for property dealings: Study appeared first on Housing News.

- Tuesday, March 06, 2018

Telangana sanctions Rs 100 crores for beautification of Osman Sagar Lake

The Telangana government has approved the setting up of a task force – the ‘Gandipet Lake Development Task Force’ – for the beautification of the Osman Sagar Lake, also known as the Gandipet Lake, … READ FULL STORY The post Telangana sanctions Rs 100 crores for beautification of Osman Sagar Lake appeared first on Housing News.

- Thursday, March 01, 2018

I-T Department attaches four properties of Nirav Modi

The Income Tax (I-T) Department has provisionally attached four immovable assets of diamantaire Nirav Modi, including a farm house in Alibaug, near Mumbai, valued at Rs 13 crores, a 5.24 MW solar power plant … READ FULL STORY The post I-T Department attaches four properties of Nirav Modi appeared first on Housing News.

- Thursday, March 01, 2018

Affordable housing loan borrowers more likely to default: Report

As against 1.96 per cent of overall home loans not repaid for over 90 days, the same for loans under Rs 25 lakhs, classified as affordable housing, was 2.33 per cent as of November … READ FULL STORY The post Affordable housing loan borrowers more likely to default: Report appeared first on Housing News.

- Thursday, March 01, 2018

MoU signed for e-governance of urban local bodies, in Punjab

Punjab’s local bodies department, on February 28, 2018, signed an MoU with e-Governance Foundation, for managing electronic governance of Urban Local Bodies (ULBs) in the state. After the inking of the MoU, local government … READ FULL STORY The post MoU signed for e-governance of urban local bodies, in Punjab appeared first on Housing News.

- Thursday, March 01, 2018

CCI slaps Rs one crore fine on Ghaziabad Development Authority

The Competition Commission of India (CCI), on February 28, 2018, imposed a penalty of Rs one crore on the Ghaziabad Development Authority (GDA), for abuse of dominant position with regard to sale of flats … READ FULL STORY The post CCI slaps Rs one crore fine on Ghaziabad Development Authority appeared first on Housing News.

- Thursday, March 01, 2018

Outlook for construction sector in FY19 stable: India Ratings

Rating agency India Ratings and Research, has maintained a stable outlook for the construction sector, for 2018-19, adding that a further improvement in the rating can be expected during the next fiscal, as companies … READ FULL STORY The post Outlook for construction sector in FY19 stable: India Ratings appeared first on Housing News.

- Wednesday, February 28, 2018

GIC to pick up minority stake in Prestige’s Exora Business Park

Singapore’s sovereign wealth fund GIC, has entered into a preliminary term-sheet with Bengaluru-based realty player Prestige Estates, to pick up a minority stake in the latter’s subsidiary. Prestige Estate’s wholly-owned subsidiary Prestige Exora Business … READ FULL STORY The post GIC to pick up minority stake in Prestige’s Exora Business Park appeared first on Housing News.

- Wednesday, February 28, 2018

Warrant issued against Nirav Modi, for tax evasion in a benami property case

A magistrate’s court here today issued a bailable arrest warrant against diamond trader Nirav Modi, in connection with a case of alleged tax evasion in purchase of a property which turned out to be … READ FULL STORY The post Warrant issued against Nirav Modi, for tax evasion in a benami property case appeared first on Housing News.

- Tuesday, February 27, 2018

Home prices in small towns may spike on infra focus: Report

Home prices in small cities and towns are likely to see a gradual rise, on increased infrastructure activities and real estate developers focusing on affordable housing. Price growth will be higher and faster in … READ FULL STORY The post Home prices in small towns may spike on infra focus: Report appeared first on Housing News.

- Tuesday, February 27, 2018

Higher budget allocation may boost Housing for All scheme: ICRA

According to rating agency ICRA, Budget 2018 has reinforced the government’s intent to focus on the development of the affordable housing sector under the Pradhan Mantri Awas Yojana (PMAY). “A significant increase in the … READ FULL STORY The post Higher budget allocation may boost Housing for All scheme: ICRA appeared first on Housing News.

- Tuesday, February 27, 2018

Sealing drive: Centre gives recommendations to amend Delhi Master Plan 2021

The central government has given its recommendations, for amendments to the Delhi Master Plan, which include uniform Floor Area Ratio (FAR), shifting of pubs, clubs and restaurants from residential areas and augmentation of infrastructure … READ FULL STORY The post Sealing drive: Centre gives recommendations to amend Delhi Master Plan 2021 appeared first on Housing News.

- Monday, February 26, 2018

Trump Jr focuses on expanding Trump Organization’s realty business in India

American real estate magnate Donald John Trump Jr has said that his father’s presidency is definitely a ‘negative’ for the family’s business but the senior Trump will be back to the business post-presidency. Trump … READ FULL STORY The post Trump Jr focuses on expanding Trump Organization’s realty business in India appeared first on Housing News.

- Wednesday, February 21, 2018

Cabinet approves creation of a Rs 60,000-crore fund for PMAY

The union cabinet, on February 20, 2018, approved the creation of a fund of Rs 60,000 crores, to finance the Pradhan Mantri Awas Yojana (Urban), a move that union minister Hardeep Singh Puri said … READ FULL STORY The post Cabinet approves creation of a Rs 60,000-crore fund for PMAY appeared first on Housing News.

- Wednesday, February 21, 2018

SC asks Supertech to deposit Rs 10 crores, to pay interest to home buyers

A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on February 20, 2018, directed real estate firm Supertech Ltd to deposit Rs 10 crores more with its … READ FULL STORY The post SC asks Supertech to deposit Rs 10 crores, to pay interest to home buyers appeared first on Housing News.

- Wednesday, February 21, 2018

Amrapali seeks SC nod to rope in other builders to complete projects

Real estate firm Amrapali Group, which is facing insolvency proceedings initiated by the creditor bank for not repaying its loan, has claimed that many firms have expressed interest in taking over and completing its … READ FULL STORY The post Amrapali seeks SC nod to rope in other builders to complete projects appeared first on Housing News.

- Wednesday, February 21, 2018

Government approves Rs 2,920 crores for widening Bengaluru-Mysuru Highway

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on February 20, 2018, has given its approval for the widening of a section of the NH-275, which connects Bengaluru and Mysuru. … READ FULL STORY The post Government approves Rs 2,920 crores for widening Bengaluru-Mysuru Highway appeared first on Housing News.

- Wednesday, February 21, 2018

Consultant to submit report on Kolkata Airport expansion

The consultant engaged for preparing a sustainable and capacity expansion roadmap for the Kolkata Airport, is likely to submit its report soon, a senior official of the airport has said. “We have engaged US-based … READ FULL STORY The post Consultant to submit report on Kolkata Airport expansion appeared first on Housing News.

- Tuesday, February 20, 2018

Fortis Healthcare co-owner restrained from selling properties, in bank loan default case

The Delhi Debts Recovery Tribunal (DRT) has restrained the former CEO of Ranbaxy Laboratories and the co-owner of Fortis Healthcare, Malvinder Mohan Singh, from selling a posh property in Lutyen’s Delhi and some other … READ FULL STORY The post Fortis Healthcare co-owner restrained from selling properties, in bank loan default case appeared first on Housing News.

- Tuesday, February 20, 2018

Punjab gives another chance to developers, to register under RERA

The Real Estate Regulatory Authority, Punjab, has decided to give one more chance to those promoters, who had not applied for registration of their projects till December 31, 2017. The authority has asked such … READ FULL STORY The post Punjab gives another chance to developers, to register under RERA appeared first on Housing News.

- Tuesday, February 20, 2018

Consumer commission asks Unitech to refund Rs 29 lakhs to home buyer

The National Consumer Disputes Redressal Commission (NCDRC) has asked Unitech Ltd to refund Rs 29.5 lakhs to Gurugram resident Manish Daryani, for its failure to give timely possession of an allotted flat and also … READ FULL STORY The post Consumer commission asks Unitech to refund Rs 29 lakhs to home buyer appeared first on Housing News.

- Tuesday, February 20, 2018

NGT directs states to expeditiously submit action plan on use of fly ash

A National Green Tribunal (NGT) bench, headed by justice Raghuvendra S Rathore, noted that despite its January 3, 2018 order, none of the states have submitted an action plan on the use of fly … READ FULL STORY The post NGT directs states to expeditiously submit action plan on use of fly ash appeared first on Housing News.

- Monday, February 19, 2018

Haryana government revises affordable housing policy

The Haryana government has decided to revise its Affordable Housing Policy, to provide housing for all in the state by 2022. Chief minister Manohar Lal has approved the changes in the policy to provide … READ FULL STORY The post Haryana government revises affordable housing policy appeared first on Housing News.

- Monday, February 19, 2018

Mumbai groaning under own weight, will repel investors: Mahindra

“If Mumbai, the ‘crown jewel’, continues to groan under its weight, it will drive away investors,” industrialist Anand Mahindra said, while addressing the ‘Magnetic Maharashtra’ Global Investors Summit in suburban Bandra, on February 18, … READ FULL STORY The post Mumbai groaning under own weight, will repel investors: Mahindra appeared first on Housing News.

- Monday, February 19, 2018

After 21 years, work finally begins on Navi Mumbai Airport

Prime minister Narendra Modi, on February 18, 2018, laid the foundation stone for the first phase of the Rs 16,700-crore Navi Mumbai International Airport, which will give a breather to the choked single-runway Mumbai … READ FULL STORY The post After 21 years, work finally begins on Navi Mumbai Airport appeared first on Housing News.

- Monday, February 19, 2018

Before changing Master Plan, consider environmental impact: HC to Delhi authorities

Before changing the Master Plan to permit commercial establishments to run from residential areas, the authorities should first look at the burden it would put on water, sewage, electricity, air pollution caused due to … READ FULL STORY The post Before changing Master Plan, consider environmental impact: HC to Delhi authorities appeared first on Housing News.

- Monday, February 19, 2018

PM inaugurates fourth terminal at Navi Mumbai’s Jawaharlal Nehru Port

Prime minister Narendra Modi, on February 18, 2018, dedicated the first phase of the Rs 7,900-crore fourth terminal project of the Jawaharlal Nehru Port Trust (JNPT) to the nation, which will raise the cargo … READ FULL STORY The post PM inaugurates fourth terminal at Navi Mumbai’s Jawaharlal Nehru Port appeared first on Housing News.

- Monday, February 19, 2018

Maharashtra signs pact with Virgin Group to build Mumbai-Pune Hyperloop

The Virgin Group, on February 18, 2018, signed an ‘intent agreement’ with Maharashtra, to build a hyperloop transportation system between Mumbai and Pune, which aims to reduce the travel time between the two mega … READ FULL STORY The post Maharashtra signs pact with Virgin Group to build Mumbai-Pune Hyperloop appeared first on Housing News.

- Monday, February 19, 2018

SC asks firm to deposit Rs 90 crores for purchasing Unitech’s land

A Supreme Court bench, comprising chief justice Dipak Misra and justice AM Khanwilkar, on February 16, 2018, asked Omshakthy Agencies (Madras) Pvt Ltd to deposit Rs 90 cores after Unitech Ltd informed the court … READ FULL STORY The post SC asks firm to deposit Rs 90 crores for purchasing Unitech’s land appeared first on Housing News.

- Monday, February 19, 2018

Gurugram to have satellite-based app, to check encroachment

In a bid to show zero tolerance against encroachment and unauthorised construction in the Millennium City, the Gurugram district administration along with the Gurgaon Metropolitan Development Authority (GMDA) and municipal body, have decided to … READ FULL STORY The post Gurugram to have satellite-based app, to check encroachment appeared first on Housing News.

- Friday, February 16, 2018

Real estate sentiments turn positive after six months: Report

After six months of pessimism in Q2 and Q3 of 2017, positive sentiments have surfaced in the real estate industry, with a current sentiment score of 52 in Q4 2017. The uptick stems from … READ FULL STORY The post Real estate sentiments turn positive after six months: Report appeared first on Housing News.

- Friday, February 16, 2018

Hyderabad office stock doubles in 10 years: CBRE

Hyderabad continues to remain one of the most affordable residential markets for buyers in both, premium/luxury segment, as well as high-end/mid-end segments, according to a report by CBRE South Asia Pvt Ltd. The report, … READ FULL STORY The post Hyderabad office stock doubles in 10 years: CBRE appeared first on Housing News.

- Friday, February 16, 2018

Centre to file reply in SC justifying provision protecting sealing

The centre, on February 15, 2018, told the Supreme Court that it would submit a reply, ‘justifying’ a special 2006 law, which protects unauthorised construction from being sealed in Delhi. The centre told a … READ FULL STORY The post Centre to file reply in SC justifying provision protecting sealing appeared first on Housing News.

- Friday, February 16, 2018

HC irked over lack of action plan to make Delhi buildings quake-safe

A Delhi High Court bench of justices S Ravindra Bhat and AK Chawla, on February 15, 2018, gave the municipal bodies in the city four weeks, to prepare an action plan to make buildings … READ FULL STORY The post HC irked over lack of action plan to make Delhi buildings quake-safe appeared first on Housing News.

- Friday, February 16, 2018

NMMC offers reward to people who report illegal dumping of debris

In a move aimed at ensuring that debris are not dumped illegally or in a haphazard manner, the Navi Mumbai Municipal Corporation (NMMC) has offered cash rewards to people, who send pictures of illegal … READ FULL STORY The post NMMC offers reward to people who report illegal dumping of debris appeared first on Housing News.

- Thursday, February 15, 2018

Maharashtra relaxes norms for setting up Integrated Industrial Areas

To compete with neighbouring states such as Gujarat and Karnataka in attracting investments, the Maharashtra government, on February 14, 2018, relaxed its norms for Integrated Industrial Areas (IIAs). The state cabinet passed a resolution, … READ FULL STORY The post Maharashtra relaxes norms for setting up Integrated Industrial Areas appeared first on Housing News.

- Thursday, February 15, 2018

New NPA resolution framework is long-term positive: Report

According to a report by CRISIL, the Reserve Bank of India’s (RBI’s) new framework on bad loans, has the potential to bring about a big change in the approach of banks, to monitor their … READ FULL STORY The post New NPA resolution framework is long-term positive: Report appeared first on Housing News.

- Thursday, February 15, 2018

Mahindra Lifespaces-HDFC Capital launches its first affordable housing project in Palghar

Mahindra Lifespace Developers Ltd (MLDL), on February 15, 2018, announced the launch of ‘Happinest – Palghar’ – the first affordable housing project to be undertaken by a joint platform between the company and HDFC … READ FULL STORY The post Mahindra Lifespaces-HDFC Capital launches its first affordable housing project in Palghar appeared first on Housing News.

- Wednesday, February 14, 2018

NGT directs pollution board to analyse Yamuna water supplied to Delhi

Acting on concerns over the health of the people of Delhi, the National Green Tribunal, on February 13, 2018, directed the Central Pollution Control Board (CPCB) to analyse samples of Yamuna water at four … READ FULL STORY The post NGT directs pollution board to analyse Yamuna water supplied to Delhi appeared first on Housing News.

- Wednesday, February 14, 2018

Number of rich households grows by 12 per cent in 2017: Report

The number of ultra-high net worth households in the country, which represents those with a net worth of over Rs 25 crores, has grown 12 per cent to over 1.60 lakhs in 2017, while … READ FULL STORY The post Number of rich households grows by 12 per cent in 2017: Report appeared first on Housing News.

- Wednesday, February 14, 2018

RBI’s new norms on bad loans a wake-up call for defaulters: Government

The Reserve Bank of India (RBI), on February 12, 2018, abolished half a dozen existing loan-restructuring mechanisms and instead, provided for a strict 180-day timeline for banks to agree on a resolution plan, in … READ FULL STORY The post RBI’s new norms on bad loans a wake-up call for defaulters: Government appeared first on Housing News.

- Wednesday, February 14, 2018

Piramal Finance targets affordable and mid-income housing segments

Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited (PEL), has set up a dedicated team to invest in affordable and mid-income residential projects, across the major metros in India. PFL has identified … READ FULL STORY The post Piramal Finance targets affordable and mid-income housing segments appeared first on Housing News.

- Tuesday, February 13, 2018

Delhi Jal Board moves NGT over Yamuna pollution, warns of grave crisis

The National Green Tribunal (NGT) has sought a detailed reply from the Haryana government by February 13, 2018, on a petition of the Delhi Jal Board, which claimed that the water being released by … READ FULL STORY The post Delhi Jal Board moves NGT over Yamuna pollution, warns of grave crisis appeared first on Housing News.

- Tuesday, February 13, 2018

Funds not a constraint for ongoing Kolkata Metro projects: GM

Stating that most of the ongoing projects have been sanctioned higher funds compared to 2017-18, Kolkata’s Metro Railway general manager Ajay Vijayvargiya, said a total of Rs 830.36 crores were allotted in the FY19 … READ FULL STORY The post Funds not a constraint for ongoing Kolkata Metro projects: GM appeared first on Housing News.

- Tuesday, February 13, 2018

Sobha launches lifestyle villa project in Chennai

Sobha Limited has launched a new villa project, Sobha Gardenia in Chennai. The project, located at Vengaivasal, will offer 79 lifestyle villas, of 2, 2.5, 3, 3.5 and 4-BHK units. Spread over 6.85 acres, … READ FULL STORY The post Sobha launches lifestyle villa project in Chennai appeared first on Housing News.

- Tuesday, February 13, 2018

RBI notifies revised framework to deal with bad loans

The Reserve Bank of India (RBI), on February 12, 2018, came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and … READ FULL STORY The post RBI notifies revised framework to deal with bad loans appeared first on Housing News.

- Tuesday, February 13, 2018

PM to inaugurate KMP, KGP expressways in March: Haryana CM

Haryana chief minister Manohar Lal Khattar has said that the Kundli-Manesar-Palwal (KMP) and the Kundli-Ghaziabad-Palwal (KGP) expressways are scheduled to be completed by March 31, 2018 and will be inaugurated by prime minister Narendra … READ FULL STORY The post PM to inaugurate KMP, KGP expressways in March: Haryana CM appeared first on Housing News.

- Tuesday, February 13, 2018

HC directs authorities to retrieve temple properties in TN

Noting that nearly 50,000 acres of temple land in Tamil Nadu has been encroached upon in the last few years, the Madras High Court, on February 12, 2018, directed the authorities to take steps … READ FULL STORY The post HC directs authorities to retrieve temple properties in TN appeared first on Housing News.

- Tuesday, February 13, 2018

Trial runs on Delhi Metro Majlis Park-South Campus section completed

Trials and testing on the 20.6-km-long Majlis Park-Durgabhai Deshmukh South Campus section of Line 7 (Pink Line) of Phase-III of the Delhi Metro, has been successfully completed, the Delhi Metro Rail Corporation (DMRC) said … READ FULL STORY The post Trial runs on Delhi Metro Majlis Park-South Campus section completed appeared first on Housing News.

- Monday, February 12, 2018

DDA gets 725 public suggestions on Master Plan amendment

The Delhi Development Authority’s (DDA’s) proposal, to amend the Master Plan for Delhi, has received 725 suggestions from the public. The proposals include bringing a uniform floor area ratio (FAR) for shop-cum-residence plots and … READ FULL STORY The post DDA gets 725 public suggestions on Master Plan amendment appeared first on Housing News.

- Monday, February 12, 2018

Hiranandani moves HC, seeks quashing of CBI charge sheet

Mumbai-based builder Niranjan Hiranandani, 61, has sought the quashing and setting aside of a charge sheet filed against him in September 2010, by the CBI’s Anti-Corruption Bureau, for not depositing provident funds of the … READ FULL STORY The post Hiranandani moves HC, seeks quashing of CBI charge sheet appeared first on Housing News.

- Monday, February 12, 2018

Government to come up with landfill management policy

The government is working on guidelines for the management of landfill sites and will soon come up with a policy on it, environment secretary CK Mishra said. The development assumes significance, after the cave-in … READ FULL STORY The post Government to come up with landfill management policy appeared first on Housing News.

- Monday, February 12, 2018

Madras HC comes to rescue of 66-year-old man in property dispute

Coming to the rescue of a 66-year-old man, fighting a legal battle for more than five years, to take possession of his property in a prime area in Chennai, the Madras High Court has … READ FULL STORY The post Madras HC comes to rescue of 66-year-old man in property dispute appeared first on Housing News.

- Friday, February 09, 2018

Home loans taken prior to April 2016 may become cheaper

As the Marginal Cost of Funds-based Lending Rates (MCLR) system is more sensitive to policy rate signals, it has been decided to harmonise the methodology of determining benchmark rates, by linking the Base Rate … READ FULL STORY The post Home loans taken prior to April 2016 may become cheaper appeared first on Housing News.

- Friday, February 09, 2018

PMAY (Urban): Government approves construction of over 1.86 lakh more houses

The centre has given its nod for the construction of over 1.86 lakh more affordable houses for the urban poor under its urban housing scheme, taking the total number of houses to over 39.25 … READ FULL STORY The post PMAY (Urban): Government approves construction of over 1.86 lakh more houses appeared first on Housing News.

- Friday, February 09, 2018

Millennials and youth to drive affordable housing demand: Report

Owing to cultural upbringing and high property prices, 82 per cent Indian millennials still live with their parents, with a majority of millennials still aiming to own a quality home. This was part of … READ FULL STORY The post Millennials and youth to drive affordable housing demand: Report appeared first on Housing News.

- Friday, February 09, 2018

SC questions Delhi government, DDA, over proposed amendments in Master Plan

A Supreme Court bench of justices Madan B Lokur and Deepak Gupta, on February 9, 2018, asked the Delhi authorities whether any environmental impact assessment was conducted, before proposing amendments to the Delhi Master … READ FULL STORY The post SC questions Delhi government, DDA, over proposed amendments in Master Plan appeared first on Housing News.

- Friday, February 09, 2018

Embattled DSK Group seeks help through crowdfunding

Beleaguered Pune-based builder DS Kulkarni, who is facing charges of cheating depositors, on February 8, 2018, appealed people to help his company, DSK Group, through crowdfunding. Addressing a press conference, Kulkarni said there are … READ FULL STORY The post Embattled DSK Group seeks help through crowdfunding appeared first on Housing News.

- Friday, February 09, 2018

Peninsula Land launches ‘Tower A’ of its luxury project Salsette 27, in Byculla

Peninsula Land Limited, a part of the Ashok Piramal Group, on February 8, 2018, announced the launch of ‘Tower A’ comprising of 256 premium residences at its luxury project, Salsette 27, in south Mumbai’s … READ FULL STORY The post Peninsula Land launches ‘Tower A’ of its luxury project Salsette 27, in Byculla appeared first on Housing News.

- Thursday, February 08, 2018

Do not charge GST from affordable housing buyers: Government to builders

The government, on February 7, 2018, asked builders not to charge any Goods and Services Tax (GST) from home buyers, as the effective GST rate on almost all affordable housing projects is eight per … READ FULL STORY The post Do not charge GST from affordable housing buyers: Government to builders appeared first on Housing News.

- Thursday, February 08, 2018

Mahindra, Piramal groups have shown interest in Sahara’s Aamby Valley: SC informed

The official liquidator of the Bombay High Court, on February 7, 2018, told the Supreme Court that Mahindra Lifespaces and the Piramal Group have shown interest in purchasing the Sahara Group’s Aamby Valley properties, … READ FULL STORY The post Mahindra, Piramal groups have shown interest in Sahara’s Aamby Valley: SC informed appeared first on Housing News.

- Thursday, February 08, 2018

Inflation driven by HRA, says RBI governor on status quo on interest rates

The Reserve Bank of India (RBI), on February 7, 2018, kept the repo rate unchanged at six per cent for the third time in a row, saying that higher government spending would accelerate inflation … READ FULL STORY The post Inflation driven by HRA, says RBI governor on status quo on interest rates appeared first on Housing News.

- Thursday, February 08, 2018

CM seeks execution of Pune’s Swargate integrated transport hub

Maharashtra chief minister Devendra Fadnavis, on February 7, 2018, directed the Maharashtra Metro Rail Corporation and the Maharashtra State Road Transport Corporation (MSRTC), to plan for the execution of the Swargate-Integrated Multi-Modal Transport Hub, … READ FULL STORY The post CM seeks execution of Pune’s Swargate integrated transport hub appeared first on Housing News.

- Thursday, February 08, 2018

Clarify completion dates for Eastern and Western Peripheral Expressways: SC to centre

The Supreme Court, on February 7, 2018, asked the centre to apprise it about the ‘correct position’ of dates of completion of the ongoing construction of the Eastern and Western Peripheral Expressways, which are … READ FULL STORY The post Clarify completion dates for Eastern and Western Peripheral Expressways: SC to centre appeared first on Housing News.

- Thursday, February 08, 2018

MoEF panel asks Telangana to act against cine workers’ body, for housing violations

A committee under the union Environment Ministry, has asked the Telangana government to act against the Telugu Cine Workers Co-operative Housing Society Ltd, for taking up construction work of a housing project, allegedly without … READ FULL STORY The post MoEF panel asks Telangana to act against cine workers’ body, for housing violations appeared first on Housing News.

- Wednesday, February 07, 2018

RBI keeps policy rate unchanged over inflation, fiscal deficit concerns

The Reserve Bank of India (RBI), on February 7, 2018, opted for the widely expected status quo in key rates, citing inflation concerns and flagged risks from wider fiscal deficit. The repo rate, at … READ FULL STORY The post RBI keeps policy rate unchanged over inflation, fiscal deficit concerns appeared first on Housing News.

- Wednesday, February 07, 2018

About 6,500 DDA flats surrendered by allottees: Housing minister

The Delhi Development Authority (DDA) has informed that about 6,500 flats, allotted under the Delhi Development Authority (DDA) Aawasiya Yojana-2017, have been surrendered by successful allottees, union housing and urban affairs minister, Hardeep Singh … READ FULL STORY The post About 6,500 DDA flats surrendered by allottees: Housing minister appeared first on Housing News.

- Wednesday, February 07, 2018

There will not be any fund crunch for PMAY scheme: Housing minister

“In the march towards affordable housing for all Indians by 2022, we will not have any financial constraints or bottlenecks,” housing and urban affairs (HUA) minister Hardeep Singh Puri said, on February 6, 2018. … READ FULL STORY The post There will not be any fund crunch for PMAY scheme: Housing minister appeared first on Housing News.

- Wednesday, February 07, 2018

No hot-mix plants in Delhi-NCR: NGT

A National Green Tribunal (NGT) bench, headed by acting chairperson justice UD Salvi, on February 6, 2018, said that the order of prohibition issued earlier, against the operation of hot mix plants in Noida, … READ FULL STORY The post No hot-mix plants in Delhi-NCR: NGT appeared first on Housing News.

- Tuesday, February 06, 2018

Delhi assembly committee seeks list of properties sealed

A special enquiry committee of the Delhi Assembly, has asked the commissioners of the three municipal corporations, who appeared before it, on February 5, 2018, to provide a list of the properties sealed between … READ FULL STORY The post Delhi assembly committee seeks list of properties sealed appeared first on Housing News.

- Tuesday, February 06, 2018

SC junks Hotel Leela’s plea, directs it to pay Rs 258 crores to AAI

A Supreme Court bench, comprising justices RF Nariman and Navin Sinha, on February 5, 2018, junked an appeal filed by Hotel Leela, challenging an order of the division bench of the Delhi High Court, … READ FULL STORY The post SC junks Hotel Leela’s plea, directs it to pay Rs 258 crores to AAI appeared first on Housing News.

- Tuesday, February 06, 2018

IATA chief warns about increasing costs of airport expansion

The ‘skyrocketing’ costs of expanding airport infrastructure must be controlled, to keep flight tickets affordable, the boss of airline industry group International Air Transport Association (IATA) warned, on February 5, 2018. Alexandre de Juniac … READ FULL STORY The post IATA chief warns about increasing costs of airport expansion appeared first on Housing News.

- Tuesday, February 06, 2018

Use satellite mapping to monitor, protect wetlands: Bombay HC

The Bombay High Court, on February 5, 2018, directed the Maharashtra government to use satellite mapping, to monitor and protect wetlands across the state. A bench of justices Naresh Patil and NW Sambre, also … READ FULL STORY The post Use satellite mapping to monitor, protect wetlands: Bombay HC appeared first on Housing News.

- Monday, February 05, 2018

Gurugram to be considered for Smart City Mission

Responding to a specific request by Haryana chief minister Manohar Lal Khattar that Gurugram be included in the Smart City Mission, union minister of state for housing and urban affairs Hardeep Singh Puri, said … READ FULL STORY The post Gurugram to be considered for Smart City Mission appeared first on Housing News.

- Monday, February 05, 2018

BMC presents Rs 27,258-crore budget, to focus on infrastructure

The Brihanmumbai Municipal Corporation, on February 2, 2018, presented a budget of Rs 27,258 crores for 2018-19, an increase of 8.4 per cent from the current fiscal’s figure of Rs 25,151 crores, with no … READ FULL STORY The post BMC presents Rs 27,258-crore budget, to focus on infrastructure appeared first on Housing News.

- Monday, February 05, 2018

Conserve lakes, curb illegal constructions to prevent urban flooding: Experts

Disallowing unauthorised constructions in low-lying areas, conservation of lakes and putting in place a good drainage system, are some of the major steps needed to prevent disasters due to urban flooding, said experts. “It … READ FULL STORY The post Conserve lakes, curb illegal constructions to prevent urban flooding: Experts appeared first on Housing News.

- Monday, February 05, 2018

Environment Ministry gives its nod to Telangana National Investment and Manufacturing Zone

A committee under the Ministry of Environment, Forest and Climate Change, has given its nod to prepare the terms of reference (ToR), for the development of the proposed Zaheerabad National Investment and Manufacturing Zone … READ FULL STORY The post Environment Ministry gives its nod to Telangana National Investment and Manufacturing Zone appeared first on Housing News.

- Monday, February 05, 2018

DDA proposes uniform FAR, reduction in penalty charges

The DDA has proposed bringing uniform floor area ratio (FAR) for shop-cum-residence plots and complexes, at par with residential plots, in a move that will come as a big relief to traders facing threat … READ FULL STORY The post DDA proposes uniform FAR, reduction in penalty charges appeared first on Housing News.

- Monday, February 05, 2018

Forest areas around Hyderabad need to be developed: CM

Telangana chief minister K Chandrashekhar Rao, according to an official release, said that there was 1.5 lakh acres of forest land available in a radius of 50 to 60 kilometres around Hyderabad and it … READ FULL STORY The post Forest areas around Hyderabad need to be developed: CM appeared first on Housing News.

- Monday, February 05, 2018

Telangana to set up clean authority on the lines of Tokyo

Telangana will be the first state in India, to create its own clean authority, the state’s municipal administration minister KT Rama Rao said, on February 2, 2018. “We recently entered (into) an MoU in … READ FULL STORY The post Telangana to set up clean authority on the lines of Tokyo appeared first on Housing News.

- Friday, February 02, 2018

Smart cities mission gets a 54 per cent hike in Budget 2018

With maximum increase in allocation to the Smart Cities Mission, the Housing and Urban Affairs (HUA) ministry’s budgetary provisions have been pegged at over Rs 41,765 crores for the next fiscal, a hike of … READ FULL STORY The post Smart cities mission gets a 54 per cent hike in Budget 2018 appeared first on Housing News.

- Friday, February 02, 2018

Budget 2018: Not enough measures to tackle pollution, say green bodies

Presenting his fifth straight budget in the Lok Sabha, union finance minister Arun Jaitley, on February 1, 2018, said that a special scheme will be executed with the Delhi government and adjoining states, to … READ FULL STORY The post Budget 2018: Not enough measures to tackle pollution, say green bodies appeared first on Housing News.

- Friday, February 02, 2018

Infra experts say budget’s sectoral focus to boost economy

Terming the Budget as populist, the infrastructure industry has welcomed the government’s focus on the sector, saying it will provide the necessary impetus, as the economy is pegged to grow at 7-7.5 per cent … READ FULL STORY The post Infra experts say budget’s sectoral focus to boost economy appeared first on Housing News.

- Friday, February 02, 2018

Budget 2018: Aviation sector welcomes emphasis on airport infrastructure

Finance minister Arun Jaitley in his budget presentation said that the government proposes to expand airport capacity by more than five times, to handle a billion passengers a year, adding that the balance sheet … READ FULL STORY The post Budget 2018: Aviation sector welcomes emphasis on airport infrastructure appeared first on Housing News.

- Friday, February 02, 2018

SC asks Amrapali for comprehensive plan on completion of delayed projects

Observing that it was concerned about the home buyers who had put their entire life savings, the Supreme Court, on January 31, 2018, asked real estate firm Amrapali to submit a plan on completion … READ FULL STORY The post SC asks Amrapali for comprehensive plan on completion of delayed projects appeared first on Housing News.

- Friday, February 02, 2018

Navi Mumbai Airport may take five years to be operational: Aviation minister

Addressing the second day of the annual CAPA (Centre for Asia Pacific Aviation) summit through a video link, Minister of state for civil aviation Jayant Sinha pointed out that Mumbai remained the most bottlenecked, … READ FULL STORY The post Navi Mumbai Airport may take five years to be operational: Aviation minister appeared first on Housing News.

- Friday, February 02, 2018

DDA in process of amending Master Plan 2021: Housing minister on sealing drive

Union housing and urban affairs minister Hardeep Singh Puri, on January 31, 2018, said that his ministry has proposed certain amendments to Delhi’s Master Plan 2021, which would be taken up by the Delhi … READ FULL STORY The post DDA in process of amending Master Plan 2021: Housing minister on sealing drive appeared first on Housing News.

- Thursday, February 01, 2018

Government allocates Rs 5.97 lakh crores for infra spending in 2018-19

In order to create employment and aid growth, the government has increased budgetary and extra budgetary expenditure on infrastructure for 2018-19 to Rs 5.97 lakh crores, from Rs 4.94 lakh crores in 2017-18, finance … READ FULL STORY The post Government allocates Rs 5.97 lakh crores for infra spending in 2018-19 appeared first on Housing News.

- Thursday, February 01, 2018

Exemption on interest income for senior citizens hiked to Rs 50,000

Announcing a series of benefits for senior citizens, finance minister Arun Jaitley, on February 1, 2018, said the exemption limit on income from interest for them has been raised five times, to Rs 50,000 … READ FULL STORY The post Exemption on interest income for senior citizens hiked to Rs 50,000 appeared first on Housing News.

- Thursday, February 01, 2018

Bonanza for Mumbai, Bengaluru suburban rail commuters, in Budget 2018

In a first, finance minister Arun Jaitley, on February 1, 2018, announced the expansion of the Mumbai suburban train network, spread over 465 kms, at a cost of Rs 11,000 crores and said the … READ FULL STORY The post Bonanza for Mumbai, Bengaluru suburban rail commuters, in Budget 2018 appeared first on Housing News.

- Thursday, February 01, 2018

Budget 2018: Government introduces long-term capital gains tax on equities

Presenting the Budget proposals for 2018-19, on February 2, 2018, finance minister Arun Jaitley said returns from the stock market are quite attracting and it was time to bring them under the ambit of … READ FULL STORY The post Budget 2018: Government introduces long-term capital gains tax on equities appeared first on Housing News.

- Thursday, February 01, 2018

PE investments in Indian realty to reach USD 100 billion by 2026: JLL

According to property consultant JLL, in the next 10 years, private equity (PE) inflow in the real estate sector, is likely to grow at 10 per cent CAGR to USD 100 billion by 2026, … READ FULL STORY The post PE investments in Indian realty to reach USD 100 billion by 2026: JLL appeared first on Housing News.

- Wednesday, January 31, 2018

Maharashtra becomes the first state to initiate conciliation mechanism under RERA

Aggrieved home buyers in Maharashtra, may be able to look forward to an early and amicable resolution of their disputes with their developers, with Maharashtra becoming the first state in India to initiate the … READ FULL STORY The post Maharashtra becomes the first state to initiate conciliation mechanism under RERA appeared first on Housing News.

- Wednesday, January 31, 2018

Maharashtra to convert Navi Mumbai SEZ into industrial area

The Maharashtra government has given an in-principle approval, to convert 2,140 hectares of the Navi Mumbai Special Economic Zone (NMSEZ) into an ‘integrated industrial area’. The decision to this effect was taken on January … READ FULL STORY The post Maharashtra to convert Navi Mumbai SEZ into industrial area appeared first on Housing News.

- Wednesday, January 31, 2018

Expedite clearances for Pune airport expansion: Gadkari to defence, civil aviation officials

Union road transport and highways minister Nitin Gadkari, on January 30, 2018, said that he has directed the concerned civil aviation and defence officials, to immediately provide necessary clearances for the expansion of the … READ FULL STORY The post Expedite clearances for Pune airport expansion: Gadkari to defence, civil aviation officials appeared first on Housing News.

- Wednesday, January 31, 2018

SC seeks ED’s reply on Karti Chidambaram’s plea against property attachment

The Supreme Court, on January 30, 2018, asked the Enforcement Directorate to file a reply on the petitions of Karti Chidambaram and a firm, against the provisional attachment of their properties in connection with … READ FULL STORY The post SC seeks ED’s reply on Karti Chidambaram’s plea against property attachment appeared first on Housing News.

- Tuesday, January 30, 2018

Online ‘Plot and Property Management System’ launched in Haryana

Haryana chief minister Manohar Lal Khattar, on January 29, 2018, inaugurated the new online ‘Plot and Property Management System’ of the Haryana Shahari Vikas Pradhikaran (HSVP) at Panchkula. Khattar also handed over documents of … READ FULL STORY The post Online ‘Plot and Property Management System’ launched in Haryana appeared first on Housing News.

- Tuesday, January 30, 2018

Delhi L-G notifies new policy to levy parking charges in residential areas

A new parking policy for the national capital was notified by Lt Governor Anil Baijal, on January 29, 2018, paving the way for levying charges on parking of vehicles, on designated streets and lanes … READ FULL STORY The post Delhi L-G notifies new policy to levy parking charges in residential areas appeared first on Housing News.

- Tuesday, January 30, 2018

Over 93 lakh houses constructed by government, in over three years: President

Over 93 lakh houses have been constructed by the government in the last three-and-a-half years, President Ram Nath Kovind said, on January 29, 2018, outlining the centre’s target to provide houses to every poor … READ FULL STORY The post Over 93 lakh houses constructed by government, in over three years: President appeared first on Housing News.

- Tuesday, January 30, 2018

Suggest ways to restrict number of vehicles in Mumbai: HC to government

The Bombay High Court, on January 29, 2018, directed the Maharashtra government and civic authorities, to suggest ways to limit the number of vehicles on Mumbai roads. A bench of justices Naresh Patil and … READ FULL STORY The post Suggest ways to restrict number of vehicles in Mumbai: HC to government appeared first on Housing News.

- Monday, January 29, 2018

Transport projects in Mumbai to be completed by 2022: Maharashtra CM

Confident of finishing all transport projects in Mumbai by 2022, Maharashtra chief minister Devendra Fadnavis said that the city would see a transformation, in terms of mobility, with projects ranging from underground metro and … READ FULL STORY The post Transport projects in Mumbai to be completed by 2022: Maharashtra CM appeared first on Housing News.

- Monday, January 29, 2018

Jaiprakash Associate Limited deposits Rs 125 crores in SC registry

Jaiprakash Associate Limited (JAL), which had so far deposited Rs 425 crores with the apex court registry, has deposited the remaining amount of Rs 125 crores, on January 25, 2018, as per the earlier … READ FULL STORY The post Jaiprakash Associate Limited deposits Rs 125 crores in SC registry appeared first on Housing News.

- Monday, January 29, 2018

Delhi Metro to prepare detailed project report for Hyderabad Metro Phase II

The detailed project report (DPR) preparatory work for Phase II of the Hyderabad metro rail project, has been entrusted to the Delhi Metro Rail Corporation (DMRC), the Hyderabad Metro Rail Ltd (HMRL) has said, … READ FULL STORY The post Delhi Metro to prepare detailed project report for Hyderabad Metro Phase II appeared first on Housing News.

- Monday, January 29, 2018

Bombay HC asks DSK Group to deposit Rs 50 crores, by February 5, 2018

The Bombay High Court, on January 25, 2018, granted Pune-based real estate developer, DSK Group, time till February 5, 2018, to deposit Rs 50 crores in the court to repay its investors, who have … READ FULL STORY The post Bombay HC asks DSK Group to deposit Rs 50 crores, by February 5, 2018 appeared first on Housing News.

- Monday, January 29, 2018

Ministry of Defence nod through for proposed Pune international airport

The Maharashtra government has received clearance from the Ministry of Defence, for preparing a detailed project report of the proposed international airport near Pune city, a state revenue official has said. German company Dorsch … READ FULL STORY The post Ministry of Defence nod through for proposed Pune international airport appeared first on Housing News.

- Monday, January 29, 2018

HC appoints new arbitrator in realtor-NRI dispute

Allegations of misconduct and collusion against an arbitrator – a retired judge – came to the fore before the Delhi High Court, which set aside his interim award on a dispute between a real … READ FULL STORY The post HC appoints new arbitrator in realtor-NRI dispute appeared first on Housing News.

- Thursday, January 25, 2018

India ranks 177 out of 180 in Environmental Performance Index

India is among the bottom five countries on the Environmental Performance Index 2018, plummeting 36 points from 141 in 2016, according to a biennial report by Yale and Columbia Universities, along with the World … READ FULL STORY The post India ranks 177 out of 180 in Environmental Performance Index appeared first on Housing News.

- Thursday, January 25, 2018

Delhi civic bodies failed to utilise Rs 2,000 crores collected as conversion, parking charges

All three municipal corporations in Delhi were not able to utilise around Rs 2,000 crores collected as conversion and parking charges from the city’s markets between 2006 and 2017, a government source said, on … READ FULL STORY The post Delhi civic bodies failed to utilise Rs 2,000 crores collected as conversion, parking charges appeared first on Housing News.

- Thursday, January 25, 2018

Ghaziabad and Noida to get development projects worth over Rs 500 crores

Development projects, including multi-level parking and underpasses, worth over Rs 500 crores, were dedicated to the public in Ghaziabad and Noida, on the occasion of the Uttar Pradesh Diwas, on January 24, 2018. Union … READ FULL STORY The post Ghaziabad and Noida to get development projects worth over Rs 500 crores appeared first on Housing News.

- Thursday, January 25, 2018

Bombay HC restrains Thane Tree Authority from felling trees

A division bench of the Bombay High Court, of justices AS Oka and PN Deshmukh, on January 24, 2018, ordered that the Thane Municipal Corporation’s Tree Authority can process applications but cannot pass any … READ FULL STORY The post Bombay HC restrains Thane Tree Authority from felling trees appeared first on Housing News.

- Wednesday, January 24, 2018

Sobha Ltd tops Consumer Confidence survey by Track2Realty, for fourth consecutive year

Real estate developer Sobha Ltd has been voted as the number one choice of home buyers nationally, in Track2Realty’s Consumer Confidence Report 20:20. This is the fourth consecutive year that Sobha has won the … READ FULL STORY The post Sobha Ltd tops Consumer Confidence survey by Track2Realty, for fourth consecutive year appeared first on Housing News.

- Wednesday, January 24, 2018

India ranks third among top 10 countries, for LEED green buildings

India ranks third on the US Green Building Council’s (USGBC’s) annual ranking of the top 10 countries, for Leadership in Energy and Environmental Design (LEED) certified buildings. According to the survey by USGBC, the … READ FULL STORY The post India ranks third among top 10 countries, for LEED green buildings appeared first on Housing News.

- Wednesday, January 24, 2018

WEF Centre for Fourth Industrial Revolution proposed in Mumbai: CM

The next World Economic Forum (WEF) centre for the ‘Fourth Industrial Revolution’ is being proposed to be set up in Mumbai, Maharashtra chief minister Devendra Fadnavis said, on January 23, 2018. Fadnavis made the … READ FULL STORY The post WEF Centre for Fourth Industrial Revolution proposed in Mumbai: CM appeared first on Housing News.

- Tuesday, January 23, 2018

Delhi Police files 46 FIRs against landlords, for violation of tenant verification rules

Days before the Republic Day, Delhi’s south-west district police have registered 46 FIRs against landlords, who failed to comply with tenant verification rules, a police officer said on January 22, 2018. This is part … READ FULL STORY The post Delhi Police files 46 FIRs against landlords, for violation of tenant verification rules appeared first on Housing News.

- Tuesday, January 23, 2018

Delhi government notifies rules for identifying space for vendors, hawkers

The Delhi government has notified the rules for the formation of Town Vending Committees (TVCs) across the national capital, which will identify sites and spaces for vending and hawking in the city. According to … READ FULL STORY The post Delhi government notifies rules for identifying space for vendors, hawkers appeared first on Housing News.

- Tuesday, January 23, 2018

Encroachers evicted from 12 out of 990 Waqf properties: Delhi HC told

The city government, on January 22, 2018, informed the Delhi High Court that they have evicted illegal occupants from 12 Waqf properties out of 990, which have been encroached in the national capital. The … READ FULL STORY The post Encroachers evicted from 12 out of 990 Waqf properties: Delhi HC told appeared first on Housing News.

- Monday, January 22, 2018

RERA is regulation, not strangulation: Vice-president

Speaking at the 27th All India Builders’ Convention of Builders’ Association of India, vice-president M Venkaiah Naidu, on January 19, 2018, sought to assure developers that ‘The Real Estate Regulation Act is for promotion … READ FULL STORY The post RERA is regulation, not strangulation: Vice-president appeared first on Housing News.

- Monday, January 22, 2018

Housing minister announces India’s first-ever ‘Livability Index’, covering 116 cities

The Housing and Urban Affairs Ministry has decided to assess the livability standard of 116 Indian cities, through the country’s first ‘Livability Index’. This will include the identified Smart Cities and several other cities … READ FULL STORY The post Housing minister announces India’s first-ever ‘Livability Index’, covering 116 cities appeared first on Housing News.

- Monday, January 22, 2018

Shiv Sena MP demands rehabilitation of slums on Mumbai Port Trust land

Shiv Sena MP Arvind Sawant, has demanded the rehabilitation of people living in slums on Mumbai Port Trust (MbPT) land and questioned the delay in implementing a project in this regard. Union shipping minister … READ FULL STORY The post Shiv Sena MP demands rehabilitation of slums on Mumbai Port Trust land appeared first on Housing News.

- Monday, January 22, 2018

NGT notice to Delhi government, over rainwater harvesting systems

A National Green Tribunal (NGT) bench, headed by acting chairperson justice UD Salvi, has issued notices to the Public Works Department, Directorate of Education, Central Groundwater Authority, Delhi Jal Board and others, while seeking … READ FULL STORY The post NGT notice to Delhi government, over rainwater harvesting systems appeared first on Housing News.

- Friday, January 19, 2018

BMC’s list of hawking zones runs into opposition

The Brihanmumbai Municipal Corporation (BMC), on January 18, 2018, uploaded the draft list of 85,000 hawking pitches across the city. The move has come in for severe criticism from BMC corporators, who said that … READ FULL STORY The post BMC’s list of hawking zones runs into opposition appeared first on Housing News.

- Friday, January 19, 2018

Issue contracts for Yamuna Action Plan-III projects, by March 2018: Gadkari

Union water resources minister Nitin Gadkari, on January 18, 2018, urged Delhi chief minister Arvind Kejriwal to expedite the award of contracts, for all eight projects under the Yamuna Action Plan-III, by March 2018 … READ FULL STORY The post Issue contracts for Yamuna Action Plan-III projects, by March 2018: Gadkari appeared first on Housing News.

- Friday, January 19, 2018

Kathputli Colony demolition: Irreparable loss to students, says Delhi HC

A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, on January 18, 2018, pulled up the authorities for the demolition drive in Delhi’s Kathputli Colony, saying that … READ FULL STORY The post Kathputli Colony demolition: Irreparable loss to students, says Delhi HC appeared first on Housing News.

- Friday, January 19, 2018

Delhi house panel asks civic commissioners to give conversion charge details

The Delhi assembly’s special committee on municipal corporations, on January 18, 2018, asked all the three civic commissioners to submit details of the collection and utilisation of conversation charges and parking fees. The move … READ FULL STORY The post Delhi house panel asks civic commissioners to give conversion charge details appeared first on Housing News.

- Thursday, January 18, 2018

Puravankara to invest Rs 600 crores on low-cost housing project in Bengaluru

Realty firm Puravankara Ltd, on January 17, 2018, said that it will invest Rs 600 crores, to construct an affordable housing project in Bengaluru. The project, comprising 2,100 units, will be developed on a … READ FULL STORY The post Puravankara to invest Rs 600 crores on low-cost housing project in Bengaluru appeared first on Housing News.

- Thursday, January 18, 2018

Scottish varsity strikes pact for new satellite city in Bengal

A Scottish university, on January 17, 2018, announced an agreement with the New Town Kolkata Development Authority (NKDA), to collaborate on a new satellite city in West Bengal. The agreement will see academics from … READ FULL STORY The post Scottish varsity strikes pact for new satellite city in Bengal appeared first on Housing News.

- Thursday, January 18, 2018

UP to start metro rail services in Agra, Kanpur and Meerut, by 2024

The Uttar Pradesh government has decided to start metro services in Agra, Kanpur and Meerut cities by 2024, at a total estimated cost of Rs 43,800 crores, state cabinet minister Sidharth Nath Singh said, … READ FULL STORY The post UP to start metro rail services in Agra, Kanpur and Meerut, by 2024 appeared first on Housing News.

- Thursday, January 18, 2018

Bengal gets investment proposals of Rs 2.20 lakh crores in business summit: CM

The Bengal Global Business Summit (BGBS) 2018 has attracted new investment proposals of close to Rs 2.20 lakh crores, with a job creating potential of 20 lakhs, the state’s chief minister Mamata Banerjee said, … READ FULL STORY The post Bengal gets investment proposals of Rs 2.20 lakh crores in business summit: CM appeared first on Housing News.

- Thursday, January 18, 2018

Goa’s RERA website launched, builders to register projects by February 24, 2018

The Goa government, on January 17, 2018, launched a website providing online registration facility for builders under the Real Estate (Regulation and Development) Act (RERA). The government set a deadline of February 24, 2018, … READ FULL STORY The post Goa’s RERA website launched, builders to register projects by February 24, 2018 appeared first on Housing News.

- Thursday, January 18, 2018

SC castigates government over construction workers’ welfare law

The Supreme Court, on January 17, 2018, questioned the centre’s attitude on the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 and said that it was clear that … READ FULL STORY The post SC castigates government over construction workers’ welfare law appeared first on Housing News.

- Wednesday, January 17, 2018

Bengaluru leads office space absorption in 2017: Colliers report

Notwithstanding the macroeconomic disruptions, the commercial real estate (CRE) market remained robust in 2017. The year 2017 witnessed a pan-India leasing volume of approximately 42.8 million sq ft (3.9 million sq metres), excluding renewals … READ FULL STORY The post Bengaluru leads office space absorption in 2017: Colliers report appeared first on Housing News.

- Wednesday, January 17, 2018

Telangana to bring key changes in land record administration

The Telangana government has announced that it will introduce a system that aims at facilitating immediate changes in land records, whenever any transactions take place, thus, avoiding delays in the process. “The core banking … READ FULL STORY The post Telangana to bring key changes in land record administration appeared first on Housing News.

- Wednesday, January 17, 2018

Bengal Global Business Summit: Investment proposals worth Rs 17,000 crores received

West Bengal received investment proposals worth Rs 17,000 crores, on the first day of the Bengal Global Business Summit (BGBS) from leading industrialists of the country. Reliance Industries’ chairman Mukesh Ambani, announced an investment … READ FULL STORY The post Bengal Global Business Summit: Investment proposals worth Rs 17,000 crores received appeared first on Housing News.

- Wednesday, January 17, 2018

Special committee of Delhi assembly to examine sealing drive and conversion fee issues

Delhi Assembly Speaker Ram Niwas Goel, on January 16, 2018, refereed various contentious issues, including an ongoing sealing drive by the civic bodies and collection of conversion charges, to a special committee of the … READ FULL STORY The post Special committee of Delhi assembly to examine sealing drive and conversion fee issues appeared first on Housing News.

- Wednesday, January 17, 2018

Report on illegal sale of Waqf property tabled in Delhi assembly

An interim report related to the ‘illegal’ sale of a dargah land belonging to the Delhi Waqf Board, was tabled in the Delhi assembly, on January 16, 2018. The questions and reference committee of … READ FULL STORY The post Report on illegal sale of Waqf property tabled in Delhi assembly appeared first on Housing News.

- Tuesday, January 16, 2018

Madras HC disposes of PIL against converting agricultural land into layouts

The first bench of the Madras High Court, comprising chief justice Indira Banerjee and justice Abdul Quddhose, disposed of a PIL filed by advocate ‘Elephant’ G Rajendran, seeking to restrain the Puducherry government from … READ FULL STORY The post Madras HC disposes of PIL against converting agricultural land into layouts appeared first on Housing News.

- Tuesday, January 16, 2018

PE investment in residential real estate falls by 29 per cent in 2017

According to a report by property consultant Cushman & Wakefield, private equity (PE) investments in the realty sector grew by 17 per cent in 2017 to Rs 42,800 crores, as against Rs 36,590 crores … READ FULL STORY The post PE investment in residential real estate falls by 29 per cent in 2017 appeared first on Housing News.

- Tuesday, January 16, 2018

BMC regularises modifications in Amitabh Bachchan’s property

According to information obtained by RTI activist Anil Galgali, the BrihanMumbai Municipal Corporation (BMC) has regularised modifications in the properties of actor Amitabh Bachchan and six others, in October 2017. The development came over … READ FULL STORY The post BMC regularises modifications in Amitabh Bachchan’s property appeared first on Housing News.

- Tuesday, January 16, 2018

BJP MLA wants Jinnah House in Mumbai to be converted into cultural centre

Mangal Prabhat Lodha, the BJP MLA from Malabar Hill constituency in Mumbai, within whose limits Jinnah House falls, called it a ‘symbol of conspiracy behind the partition’. In a statement on January 15, 2018, … READ FULL STORY The post BJP MLA wants Jinnah House in Mumbai to be converted into cultural centre appeared first on Housing News.

- Friday, January 12, 2018

Mumbai Port Trust to create world’s largest garden in Mumbai: Gadkari

The Mumbai Port Trust (MbPT) will reclaim 350 hectares of land, to create the world’s largest garden in Mumbai, union Shipping and Ports Minister Nitin Gadkari said, speaking after the ground-breaking ceremony of a … READ FULL STORY The post Mumbai Port Trust to create world’s largest garden in Mumbai: Gadkari appeared first on Housing News.

- Friday, January 12, 2018

Kolkata residential market prices drop sharply: Knight Frank

Residential market prices have dropped substantially in the Kolkata market in the second half of 2017, while annual launches have fallen by 47 per cent during the period, according to a study by real … READ FULL STORY The post Kolkata residential market prices drop sharply: Knight Frank appeared first on Housing News.

- Friday, January 12, 2018

Housing minister recommends municipal bonds, to improve financial condition of municipalities

The financial condition of municipalities is a ’cause for concern’, union minister Hardeep Singh Puri said, on January 11, 2018 and pitched for ‘robust financial management’, to enhance their revenues and raise funds by … READ FULL STORY The post Housing minister recommends municipal bonds, to improve financial condition of municipalities appeared first on Housing News.

- Friday, January 12, 2018

Agra-Lucknow Expressway: NGT disposes plea challenging project

A National Green Tribunal (NGT) bench headed by acting chairperson justice UD Salvi, has disposed of a plea challenging the forest clearance granted for the construction of the Agra-Lucknow Expressway, after it was informed … READ FULL STORY The post Agra-Lucknow Expressway: NGT disposes plea challenging project appeared first on Housing News.

- Thursday, January 11, 2018

Additional 0.5 FSI in island city of Mumbai

The Maharashtra government, on January 10, 2018, issued a notification announcing proposed amendments to the Development Control Rule 32 for Greater Mumbai. The amendments seek to grant additional, optional 0.50 floor space index (FSI) … READ FULL STORY The post Additional 0.5 FSI in island city of Mumbai appeared first on Housing News.

- Thursday, January 11, 2018

Association demands action against builders enriching themselves under the guise of GST

In its budget recommendations to the Finance Ministry, the Forum for People’s Collective Efforts (FPCE), a not-for-profit organisation, has suggested that the Anti Profiteering Authority needs to take stern action against those builders, who … READ FULL STORY The post Association demands action against builders enriching themselves under the guise of GST appeared first on Housing News.

- Thursday, January 11, 2018

Kolkata to emerge as a big financial centre by 2030: Additional chief secretary

Kolkata is poised to emerge as a major financial centre by 2030, a senior government official said, on January 10, 2018. Quoting a study prepared by McKinsey Global Institute, Debasish Sen, additional chief secretary, … READ FULL STORY The post Kolkata to emerge as a big financial centre by 2030: Additional chief secretary appeared first on Housing News.

- Thursday, January 11, 2018

SC upholds Kerala HC order, imposing Rs one crore fine on DLF

The Supreme Court, on January 10, 2018, upheld a Kerala High Court order, imposing a fine of Rs one crore on real estate major DLF, for constructing around 180 luxury flats along the banks … READ FULL STORY The post SC upholds Kerala HC order, imposing Rs one crore fine on DLF appeared first on Housing News.

- Wednesday, January 10, 2018

Government allows 100 per cent FDI in single-brand retail via automatic route

Foreign players in single brand retail trade will now be able to set up their own shops in India, without government approval. This follows a Cabinet decision, on January 10, 2018, to allow 100 … READ FULL STORY The post Government allows 100 per cent FDI in single-brand retail via automatic route appeared first on Housing News.

- Wednesday, January 10, 2018

Trump Towers’ maiden project in north India to come up in Gurugram

Global real estate brand ‘Trump Towers’ will make its debut in north India through real estate firms M3M India and Tribeca Developers, which launched a luxury residential project on January 10, 2018, under the … READ FULL STORY The post Trump Towers’ maiden project in north India to come up in Gurugram appeared first on Housing News.

- Wednesday, January 10, 2018

SC asks Jaiprakash Associate Ltd to give details of ongoing housing projects

The Supreme Court, on January 10, 2018, directed realtor Jaiprakash Associate Limited (JAL) to give details of its ongoing housing projects in the entire country, while reiterating its direction that its directors shall not … READ FULL STORY The post SC asks Jaiprakash Associate Ltd to give details of ongoing housing projects appeared first on Housing News.

- Wednesday, January 10, 2018

Builder booked for trying to grab actor Dilip Kumar’s bungalow

The Economic Offences Wing (EOW) of the Mumbai Police, has registered a case of cheating against a builder, for allegedly trying to grab the bungalow of veteran actor Dilip Kumar in suburban Bandra, an … READ FULL STORY The post Builder booked for trying to grab actor Dilip Kumar’s bungalow appeared first on Housing News.

- Wednesday, January 10, 2018

NGT asks residents opposing landfill site at Noida to approach UP government

The National Green Tribunal (NGT) has directed a Noida-based association of home owners to approach the Uttar Pradesh government, with its plea that the proposed Sector 123 site was unfit for setting up a … READ FULL STORY The post NGT asks residents opposing landfill site at Noida to approach UP government appeared first on Housing News.

- Wednesday, January 10, 2018

Canada-India initiative for training of smart city planners

Twenty cities across three Indian states of Punjab, Haryana and Rajasthan, are likely to have fast-track development under a new Indo-Canadian initiative to train smart city planners on capacity-building and governance, according to experts … READ FULL STORY The post Canada-India initiative for training of smart city planners appeared first on Housing News.

- Wednesday, January 10, 2018

Case against former deputy CM of Karnataka, over land allotment irregularities

The Anti-Corruption Bureau (ACB) has registered a case of cheating against the former deputy chief minister of Karnataka and senior state BJP leader R Ashok, in connection with alleged irregularities in the allotment of … READ FULL STORY The post Case against former deputy CM of Karnataka, over land allotment irregularities appeared first on Housing News.

- Wednesday, January 10, 2018

Telangana first state to begin ‘toll-operate-transfer’ scheme for road monetisation

Telangana has become the first state to initiate asset monetisation through the ‘toll-operate-transfer’ (TOT) scheme and has appointed transaction advisors to sell the 158-km-long Nehru Outer Ring Road in the state capital, Hyderabad. While … READ FULL STORY The post Telangana first state to begin ‘toll-operate-transfer’ scheme for road monetisation appeared first on Housing News.

- Wednesday, January 10, 2018

NGT directs states to submit action plan on use of fly ash

A National Green Tribunal (NGT) bench, comprising acting chairperson justice UD Salvi and expert member Nagin Nanda, directed the states and union territories to submit a comprehensive plan on the utilisation of fly ash … READ FULL STORY The post NGT directs states to submit action plan on use of fly ash appeared first on Housing News.

- Tuesday, January 09, 2018

48 per cent senior citizens involved in property-related disputes: Survey

At least 52 per cent senior citizens move court for maintenance allowance, while 48 per cent are involved in property-related disputes, including revoking of their will, according to a survey conducted in four states … READ FULL STORY The post 48 per cent senior citizens involved in property-related disputes: Survey appeared first on Housing News.

- Tuesday, January 09, 2018

Delhi environment minister seeks proposal from DDA, to develop green cover along Yamuna banks

Delhi environment minister Imran Hussain, on January 8, 2018, wrote to the Delhi Development Authority (DDA) vice-chairman Udai Pratap Singh, seeking a proposal from the authority to develop ‘greenery’ on either side of the … READ FULL STORY The post Delhi environment minister seeks proposal from DDA, to develop green cover along Yamuna banks appeared first on Housing News.

- Tuesday, January 09, 2018

BMC razes illegal extensions in Shatrughan Sinha’s residence

The Mumbai civic body has razed illegal extensions and constructions in an eight-storey residential building, owned by BJP MP Shatrughan Sinha in Juhu area. The Brihanmumbai Municipal Corporation (BMC) had received several complaints of … READ FULL STORY The post BMC razes illegal extensions in Shatrughan Sinha’s residence appeared first on Housing News.

- Monday, January 08, 2018

Tough to maintain Aamby Valley: Official receiver tells SC

The official receiver of the Bombay High Court, on January 5, 2018, moved the Supreme Court seeking its directions, contending that it was finding it difficult to maintain the Sahara Group’s Aamby Valley properties, … READ FULL STORY The post Tough to maintain Aamby Valley: Official receiver tells SC appeared first on Housing News.

- Monday, January 08, 2018

Projects worth Rs 31,930 crores underway, to decongest Delhi

Union Road Transport and Highways Minister, Nitin Gadkari has said that the government has undertaken projects worth Rs 31,930 crores, to decongest Delhi and the NCR and minimise vehicular pollution, which has become a … READ FULL STORY The post Projects worth Rs 31,930 crores underway, to decongest Delhi appeared first on Housing News.

- Monday, January 08, 2018

150 housing societies in Dwarka to get rooftop solar installations

Aiming to promote clean energy, discom BSES Rajdhani Power Limited (BRPL), on January 7, 2018, launched the country’s first solar rooftop consumer aggregation programme for residential buildings, which seeks to provide installations at a … READ FULL STORY The post 150 housing societies in Dwarka to get rooftop solar installations appeared first on Housing News.

- Monday, January 08, 2018

SC defreezes three bank accounts of Mumbai’s Adarsh Society

A Supreme Court bench of justices J Chelameswar and Sanjay Kishan Kaul, on January 5, 2018, defreezed three bank accounts of scam-tainted Adarsh Cooperative Housing Society and asked the society to deposit security of … READ FULL STORY The post SC defreezes three bank accounts of Mumbai’s Adarsh Society appeared first on Housing News.

- Monday, January 08, 2018

Haryana frames rehabilitation policy for slum-dwellers

Haryana chief minister Manohar Lal Khattar has approved the slum-in-situ policy, which states that the government would allot houses to people living in urban areas, by developing colonies under the PPP (public-private partnership) model, … READ FULL STORY The post Haryana frames rehabilitation policy for slum-dwellers appeared first on Housing News.

- Friday, January 05, 2018

Nearly 50 per cent of allottees seek cancellation, in DDA’s 2017 Housing Scheme

The Delhi Development Authority (DDA) received 5,661 requests, for surrender or cancellation of flats allotted to the applicants in its housing scheme for 2017, the Rajya Sabha was informed, on January 4, 2018. “Most … READ FULL STORY The post Nearly 50 per cent of allottees seek cancellation, in DDA’s 2017 Housing Scheme appeared first on Housing News.

- Friday, January 05, 2018

NGT gives Environment Ministry one month, to decide on clearance for Hindon elevated road

The National Green Tribunal (NGT), on January 4, 2018, directed Environment Ministry to decide within a month, on environmental clearance for the construction of a six-lane Hindon elevated road, connecting NH-24 in Ghaziabad, or … READ FULL STORY The post NGT gives Environment Ministry one month, to decide on clearance for Hindon elevated road appeared first on Housing News.

- Friday, January 05, 2018

Government launches cleanliness survey for 2018 under Swachh Bharat Mission

The government, on January 4, 2018, launched the Swachh Survekshan 2018 – a cleanliness survey which is part of the Swachh Bharat Mission. The survey will rank 500 cities on a national level, which … READ FULL STORY The post Government launches cleanliness survey for 2018 under Swachh Bharat Mission appeared first on Housing News.

- Thursday, January 04, 2018

Illegal occupants have no right over government land: Delhi HC

The Delhi High Court, on January 3, 2018, asked a group of visually impaired students, whose hostel was recently demolished, to move to an alternative accommodation given to them, saying they were illegal occupants … READ FULL STORY The post Illegal occupants have no right over government land: Delhi HC appeared first on Housing News.

- Thursday, January 04, 2018

BJP accuses CM of denotifying prime land in Bengaluru, in favour of a developer

The BJP, on January 3, 2018, accused Karnataka chief minister Siddaramaiah of denotifying 2.39 acres of land near Lalbagh in the heart of Bengaluru city, meant for a park and public amenities, in favour … READ FULL STORY The post BJP accuses CM of denotifying prime land in Bengaluru, in favour of a developer appeared first on Housing News.

- Thursday, January 04, 2018

Rainwater harvesting: NGT issues warrant against Delhi Metro MD

A National Green Tribunal (NGT) bench headed by acting chairperson justice UD Salvi, has issued a bailable warrant against the Delhi Metro Rail Corporation’s (DMRC’s) managing director Mangu Singh, after noting that nobody appeared … READ FULL STORY The post Rainwater harvesting: NGT issues warrant against Delhi Metro MD appeared first on Housing News.

- Wednesday, January 03, 2018

Urban areas need Rs 39 lakh crores for infrastructure, till 2032: Housing minister

As per the report of a high-powered expert committee (HPEC), the estimated urban investment requirement for the 20-year period, from 2012-13 to 2031-32, is Rs 39.2 lakh crores, Housing and Urban Affairs Minister, Hardeep … READ FULL STORY The post Urban areas need Rs 39 lakh crores for infrastructure, till 2032: Housing minister appeared first on Housing News.

- Wednesday, January 03, 2018

Trial runs begin on Noida-Greater Noida Metro Rail

The trial run of the Noida-Greater Noida Metro Rail commenced on January 2, 2018, with the Delhi Metro Rail Corporation’s (DMRC’s) managing director Mangu Singh flagging off the ambitious project, to link the twin … READ FULL STORY The post Trial runs begin on Noida-Greater Noida Metro Rail appeared first on Housing News.

- Wednesday, January 03, 2018

Bengal announces housing scheme for five lakh people

Five lakh people of the state would get houses under the state government’s ‘Bangla Gramin Abas Yojna’ on January 29, 2018, West Bengal chief minister Mamata Banerjee said, adding that another three lakh had … READ FULL STORY The post Bengal announces housing scheme for five lakh people appeared first on Housing News.

- Wednesday, January 03, 2018

Indiabulls Housing Finance raises Rs 1,000 crores for affordable housing

Mortgage lender Indiabulls Housing Finance (IBHF), on January 2, 2018, said it has raised Rs 1,000 crores from private sector lender Yes Bank, in the country’s maiden social affordable housing bond sale. The money … READ FULL STORY The post Indiabulls Housing Finance raises Rs 1,000 crores for affordable housing appeared first on Housing News.

- Wednesday, January 03, 2018

New buildings in Haryana to have solar power plants

The Haryana government has issued instructions, concerning installation of the solar photovoltaic power plant, for efficient use of electricity and its conservation in the state. Accordingly, all new residential buildings on a plot size … READ FULL STORY The post New buildings in Haryana to have solar power plants appeared first on Housing News.

- Wednesday, January 03, 2018

Lok Sabha passes bill, allowing infrastructure projects near protected monuments

A bill to allow the government to take up infrastructure projects within prohibited areas around protected monuments, was passed in the Lok Sabha, on January 2, 2018. “Moving away from the party lines, the … READ FULL STORY The post Lok Sabha passes bill, allowing infrastructure projects near protected monuments appeared first on Housing News.

- Wednesday, January 03, 2018

UP government approves setting up of the UP Metro Rail Corporation

The Yogi Adityanath government, on January 2, 2018, gave its nod for the setting up of the Uttar Pradesh Metro Rail Corporation. The decision was taken at a meeting of the state cabinet, presided … READ FULL STORY The post UP government approves setting up of the UP Metro Rail Corporation appeared first on Housing News.

- Friday, December 29, 2017

Government taking steps to reduce air pollution in Delhi-NCR: Environment minister

Union environment minister Harsh Vardhan, on December 28, 2017, said that the centre was taking steps to reduce vehicle emissions and promote green mobility and attacked the Delhi government, for not taking steps to … READ FULL STORY The post Government taking steps to reduce air pollution in Delhi-NCR: Environment minister appeared first on Housing News.

- Friday, December 29, 2017

Mega action plan to clean Delhi’s air nearly finalised

In a week’s time, some clarity may emerge as the environment ministry, on December 28, 2017, gave about seven days to various agencies, to respond whether deadlines listed in a mega plan to clean … READ FULL STORY The post Mega action plan to clean Delhi’s air nearly finalised appeared first on Housing News.

- Friday, December 29, 2017

Madras HC refuses to stay eviction of slum-dwellers in city

Refusing any interim relief, a vacation bench of the Madras High Court headed by justice MS Ramesh, ordered notice to the state government, returnable by January 5, 2108, on a PIL moved by Pennurimai … READ FULL STORY The post Madras HC refuses to stay eviction of slum-dwellers in city appeared first on Housing News.

- Friday, December 29, 2017

Parliament passes law to protect unauthorised colonies, slums in Delhi

The parliament, on December 28, 2017, passed The National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill. The Bill, which was passed by the Lok Sabha on December 27, 2017, gives immunity … READ FULL STORY The post Parliament passes law to protect unauthorised colonies, slums in Delhi appeared first on Housing News.

- Thursday, December 28, 2017

Delhi pollution: Confusion reigns as agencies evolve different action plans

Observing that air quality in the national capital was ‘severe’ for most of the month, the National Green Tribunal (NGT) has directed implementation of a graded response action plan, to combat different levels of … READ FULL STORY The post Delhi pollution: Confusion reigns as agencies evolve different action plans appeared first on Housing News.

- Thursday, December 28, 2017

Lok Sabha passes law to protect unauthorised colonies, slums in Delhi

The Lok Sabha, on December 27, 2017, passed The National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, which gives immunity to slums and some unauthorised constructions till December 31, 2020. The … READ FULL STORY The post Lok Sabha passes law to protect unauthorised colonies, slums in Delhi appeared first on Housing News.

- Thursday, December 28, 2017

Nearly 30.57 million sq ft office space absorbed in 2017: Report

According to a survey by Cushman & Wakefield, the net absorption of office space in 2017 dropped by seven per cent to 30.57 million sq ft, as compared to 32.85 million sq ft in … READ FULL STORY The post Nearly 30.57 million sq ft office space absorbed in 2017: Report appeared first on Housing News.

- Wednesday, December 27, 2017

Hurdles in Eastern Peripheral Expressway work resolved: NHAI to SC

In a status report filed in the apex court, the National Highways Authority of India (NHAI) has said that construction work on the Eastern Peripheral Expressway in Haryana, was proceeding without any disruption and … READ FULL STORY The post Hurdles in Eastern Peripheral Expressway work resolved: NHAI to SC appeared first on Housing News.

- Wednesday, December 27, 2017

CM asks for ‘dedicated connector’ to Nashik, through Mumbai-Nagpur Expressway

Maharashtra chief minister Devendra Fadnavis, on December 26, 2017, asked builders to give a new shape to Nashik city. Addressing the concluding ceremony of the exhibition ‘Shelter 2017’, Fadnavis underlined the need for a … READ FULL STORY The post CM asks for ‘dedicated connector’ to Nashik, through Mumbai-Nagpur Expressway appeared first on Housing News.

- Tuesday, December 26, 2017

40,000 home buyers to get possession of apartments by 2017-end: UP CM

Assuring home buyers that his government was making efforts to speed up development and people would soon witness a positive change, Uttar Pradesh chief minister Yogi Adityanath, on December 23, 2017, said that around … READ FULL STORY The post 40,000 home buyers to get possession of apartments by 2017-end: UP CM appeared first on Housing News.

- Tuesday, December 26, 2017

Noida, south Delhi closer, as PM inaugurates Delhi Metro’s Magenta Line

Prime minister Narendra Modi, on December 25, 2017, launched a 12-km stretch of the Magenta Line, a part of the Delhi Metro’s phase-III construction, with a ride between the Botanical Garden and Okhla Bird … READ FULL STORY The post Noida, south Delhi closer, as PM inaugurates Delhi Metro’s Magenta Line appeared first on Housing News.

- Tuesday, December 26, 2017

Gujarat leads in home construction under PMAY

As many as 54,474 houses have been constructed in Gujarat, since 2014-15, under the Pradhan Mantri Awas Yojana (Urban) scheme – the most by any state or union territory. The number accounts for 18.70 … READ FULL STORY The post Gujarat leads in home construction under PMAY appeared first on Housing News.

- Tuesday, December 26, 2017

Centre asks Delhi government to expedite projects under AMRUT

In a recent letter to Delhi chief minister Arvind Kerjriwal, union housing and urban affairs minister, Hardeep Singh Puri, has called for the speedy implementation of projects under the Atal Mission for Rejuvenation and … READ FULL STORY The post Centre asks Delhi government to expedite projects under AMRUT appeared first on Housing News.

- Tuesday, December 26, 2017

UP to expedite Jewar airport, roll out metro in Agra, Kanpur

While addressing a public meeting at Noida, after the inauguration of the Delhi Metro’s Magenta line by prime minister Narendra Modi, Uttar Pradesh chief minister Yogi Adityanath announced that metro rail projects would also … READ FULL STORY The post UP to expedite Jewar airport, roll out metro in Agra, Kanpur appeared first on Housing News.

- Tuesday, December 26, 2017

Higher yield expectations and taxation issues halt InvIT launch: ICRA

New issuances of Infrastructure Investment Trusts (InvITs) have dried down, after the public issues of two trusts – IRB InvIT and India Grid Trust – at the start of FY 2018. According to ICRA, … READ FULL STORY The post Higher yield expectations and taxation issues halt InvIT launch: ICRA appeared first on Housing News.

- Friday, December 22, 2017

MMRDA to spend Rs 62,943 crores, to develop 157-km metro network

The Mumbai Metropolitan Region Development Authority (MMRDA) is planning to invest Rs 62,943 crores on infrastructure, to develop a metro rail network of 157 kms in Mumbai. The MMRDA is already implementing two metro … READ FULL STORY The post MMRDA to spend Rs 62,943 crores, to develop 157-km metro network appeared first on Housing News.

- Friday, December 22, 2017

HDFC Capital closes USD 1 billion affordable housing fund

HDFC Capital Advisors, an arm of mortgage leader HDFC, has closed its second affordable housing fund, creating a USD 1-billion corpus, the lion’s share of which is flowing in from the Abu Dhabi Investment … READ FULL STORY The post HDFC Capital closes USD 1 billion affordable housing fund appeared first on Housing News.

- Friday, December 22, 2017

Land pooling: Authority nod for DDA role as facilitator, planner

The highest decision-making body of the Delhi Development Authority (DDA), on December 21, 2017, approved simplification of the land pooling policy in the national capital and the urban body’s role as being a facilitator … READ FULL STORY The post Land pooling: Authority nod for DDA role as facilitator, planner appeared first on Housing News.

- Friday, December 22, 2017

Maharashtra seeks reduction in CRZ no-development zone

The Maharashtra government is keen on reducing the no-development zone limit in the Coastal Regulation Zone (CRZ) area, to 200 metres from the coastline, against the existing 500 metres, it said on December 21, … READ FULL STORY The post Maharashtra seeks reduction in CRZ no-development zone appeared first on Housing News.

- Thursday, December 21, 2017

Lok Sabha passes Immovable Property (Amendment) Bill

A bill to amend the regulations governing compensation payable for acquisition of immovable property by the centre, for defence and security purposes, was passed by the Lok Sabha on December 20, 2107. The Immovable … READ FULL STORY The post Lok Sabha passes Immovable Property (Amendment) Bill appeared first on Housing News.

- Thursday, December 21, 2017

Allow regularisation of unauthorised plots, only if there is no construction violation: Madras HC

The Madras High Court has said regularisation of unauthorised plots can be allowed under section 113-C of the Tamil Nadu Country Planning Act, only if there is no violation of construction in such plots. … READ FULL STORY The post Allow regularisation of unauthorised plots, only if there is no construction violation: Madras HC appeared first on Housing News.

- Thursday, December 21, 2017

Japanese aid for advanced traffic management system, in Bengaluru

Japan will offer a grant of 1.276 billion yen (approximately Rs 72.86 crores), for the implementation of an Advanced Traffic Information and Management System in Bengaluru, which will include signalling systems and traffic congestion … READ FULL STORY The post Japanese aid for advanced traffic management system, in Bengaluru appeared first on Housing News.

- Thursday, December 21, 2017

West Bengal government to pay land sellers only via cheques

A notification issued by the West Bengal Finance Department, on December 19, 2017, said that to ensure the presence of rayats/sellers at the Additional District Sub-Registrar (ADSR) office at the time of registration, the … READ FULL STORY The post West Bengal government to pay land sellers only via cheques appeared first on Housing News.

- Thursday, December 21, 2017

Altico Capital deploys Rs 1,250 crores across five deals in Hyderabad and Pune

Altico Capital, a non-banking finance company, promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners, recently deployed Rs 1,250 crores across five deals in Hyderabad and Pune. This includes Rs 500 crores … READ FULL STORY The post Altico Capital deploys Rs 1,250 crores across five deals in Hyderabad and Pune appeared first on Housing News.

- Tuesday, December 19, 2017

No proposal to make Aadhaar linkage mandatory for property deals: Government

In a written reply in the Lok Sabha, on December 19, 2017, union minister of state (independent charge) for Housing and Urban Affairs, Hardeep Singh Puri, clarified that there was no proposal to make … READ FULL STORY The post No proposal to make Aadhaar linkage mandatory for property deals: Government appeared first on Housing News.

- Tuesday, December 19, 2017

GRIHA launches rating system for government houses for urban poor

The Green Rating for Integrated Habitat Assessment (GRIHA) Council, on December 18, 2017, launched ratings for houses constructed under the government’s affordable housing scheme, indicating their level of sustainability. The ratings would be between … READ FULL STORY The post GRIHA launches rating system for government houses for urban poor appeared first on Housing News.

- Tuesday, December 19, 2017

PM to launch Delhi Metro’s Magenta Line section, on December 25, 2017

The Kalkaji Mandir-Botanical Garden line of the Delhi Metro, which will reduce travel time between Noida and south Delhi, will be inaugurated by prime minister Narendra Modi on December 25, the Delhi Metro Rail … READ FULL STORY The post PM to launch Delhi Metro’s Magenta Line section, on December 25, 2017 appeared first on Housing News.

- Tuesday, December 19, 2017

Committee on Land Bill gets extension, as report still not finalised

Lok Sabha speaker Sumitra Mahajan, on December 18, 2017, informed the house that the term of the Joint Committee on the Land Bill, had been extended till the last day of the monsoon session … READ FULL STORY The post Committee on Land Bill gets extension, as report still not finalised appeared first on Housing News.

- Tuesday, December 19, 2017

Government plans to dispose of ‘enemy’ properties soon

Properties belonging to people, who had left for countries like Pakistan after the partition and free from legal tangle, will soon be disposed, of with home minister Rajnath Singh giving his nod, the home … READ FULL STORY The post Government plans to dispose of ‘enemy’ properties soon appeared first on Housing News.

- Tuesday, December 19, 2017

NGT bans construction in hills within 50 metres from Ganga

Construction activities will be prohibited within 50 metres from the edge of the river Ganga in hilly areas, as it would now be treated as a ‘no-development zone’, the National Green Tribunal (NGT) said … READ FULL STORY The post NGT bans construction in hills within 50 metres from Ganga appeared first on Housing News.

- Monday, December 18, 2017

HC nod to Delhi government’s integrated transit corridor project

The Delhi High Court, on December 15, 2017, dismissed a plea by the National Sports Club of India (NSCI) seeking a stay on the government’s integrated transit corridor project in and around Pragati Maidan. … READ FULL STORY The post HC nod to Delhi government’s integrated transit corridor project appeared first on Housing News.

- Monday, December 18, 2017

RERA’s administration under Urban Affairs Ministry’s domain

The work of the Real Estate (Regulation and Development) Act, 2016, which mandates the establishment of the Real Estate Regulatory Authority (RERA), will be looked after by the Urban Affairs Ministry, an order issued … READ FULL STORY The post RERA’s administration under Urban Affairs Ministry’s domain appeared first on Housing News.

- Monday, December 18, 2017

Centre approves bill to extend law protecting Delhi slums from punitive action

A government official, on December 15, 2017, said that the introduction of the National Capital Territory of Delhi Laws (Special Provisions) Second Amendment Bill, 2017, in parliament was approved at a cabinet meeting, chaired … READ FULL STORY The post Centre approves bill to extend law protecting Delhi slums from punitive action appeared first on Housing News.

- Monday, December 18, 2017

Kolkata Port Trust plans township policy

The Kolkata Port Trust (KoPT) is awaiting the centre’s nod, for preparing a township policy for the 111 acres of land lying at its disposal in the metropolis, its chairman Vinit Kumar said, on … READ FULL STORY The post Kolkata Port Trust plans township policy appeared first on Housing News.

- Monday, December 18, 2017

Don’t demolish ‘jhuggis’ until winter ends: Kejriwal tells Delhi agencies

According to a government statement, Delhi chief minister Arvind Kejriwal, has asked the land-owning agencies in Delhi, not to demolish any ‘jhuggi’ till February 28. “Please do not demolish jhuggis till winters are over, … READ FULL STORY The post Don’t demolish ‘jhuggis’ until winter ends: Kejriwal tells Delhi agencies appeared first on Housing News.

- Monday, December 18, 2017

Unitech seeks Rs 500 crores refund from Telangana State Industrial Infrastructure Corporation

Real estate firm Unitech Ltd has sought Rs 500 crores towards principal amount and interest from the Telangana State Industrial Infrastructure Corporation. The firm said it paid Rs 165 crores in instalments for the … READ FULL STORY The post Unitech seeks Rs 500 crores refund from Telangana State Industrial Infrastructure Corporation appeared first on Housing News.

- Monday, December 18, 2017

PIL in HC alleges collusion between north MCD, builders

The Delhi High Court has sought the response of the municipal corporation of north Delhi, on a PIL alleging that its officials were ‘colluding and conniving’ with private builders, by permitting illegal constructions. A … READ FULL STORY The post PIL in HC alleges collusion between north MCD, builders appeared first on Housing News.

- Friday, December 15, 2017

Delinquencies in the loan against property market to rise: CRISIL

Delinquencies in the loan against property (LAP) market are set to rise 70 basis points (bps) to 3.3 per cent this fiscal, even as underlying risks stemming from moderating growth, intensifying competition and falling … READ FULL STORY The post Delinquencies in the loan against property market to rise: CRISIL appeared first on Housing News.

- Friday, December 15, 2017

SC grants more time to Jaiprakash Group, to deposit Rs 125 crores

The Supreme Court, on December 15, 2017, granted time till January 25, 2018, to the embattled real estate firm Jaiprakash Associate Limited (JAL), to deposit Rs 125 crores more, for safeguarding the interests of … READ FULL STORY The post SC grants more time to Jaiprakash Group, to deposit Rs 125 crores appeared first on Housing News.

- Friday, December 15, 2017

MIHAN land given to Patanjali at throw-away price: Maharashtra opposition

Opposition parties, Congress and the NCP, on December 14, 2017, targeted the BJP-led Maharashtra government for giving 230 acres of land to Patanjali Ayurved Limited, for a food park in the non-SEZ area of … READ FULL STORY The post MIHAN land given to Patanjali at throw-away price: Maharashtra opposition appeared first on Housing News.

- Friday, December 15, 2017

No work order for projects till new landfill sites identified in Delhi: NGT

The National Green Tribunal (NGT), on December 14, 2017, restrained the Delhi Development Authority (DDA), DSIIDC and other local authorities, from awarding work for commercial projects, till they identify alternative landfill sites in the … READ FULL STORY The post No work order for projects till new landfill sites identified in Delhi: NGT appeared first on Housing News.

- Thursday, December 14, 2017

Garbage transfer stations to come up at 11 places in Gurugram

The Haryana government is planning to set up 11 garbage transfer stations in Gurugram, which will generate a minimum of 10 MW of energy from the garbage, on a daily basis, Haryana chief minister … READ FULL STORY The post Garbage transfer stations to come up at 11 places in Gurugram appeared first on Housing News.

- Wednesday, December 13, 2017

SC stays NCLT order allowing centre to take over Unitech Ltd

A Supreme Court bench comprising chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on December 13, 2017, stayed the National Company Law Tribunal’s (NCLT’s) order that allowed the centre to take … READ FULL STORY The post SC stays NCLT order allowing centre to take over Unitech Ltd appeared first on Housing News.

- Wednesday, December 13, 2017

Five-year-old moves NGT, alleging noise pollution by Delhi Metro

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, on December 12, 2017, directed the Delhi Metro Rail Corporation (DMRC) to comply with the prescribed decibel limits and directed the Delhi … READ FULL STORY The post Five-year-old moves NGT, alleging noise pollution by Delhi Metro appeared first on Housing News.

- Wednesday, December 13, 2017

RIL owes over Rs 1,900 crores in surcharge dues to MMRDA: Maharashtra CM

Reliance Industries Ltd (RIL) owes ‘additional surcharge’ of more than Rs 1,900 crores to state-run agency MMRDA, for delay in development of plots in Mumbai, the Maharashtra assembly was informed, on December 12, 2017. … READ FULL STORY The post RIL owes over Rs 1,900 crores in surcharge dues to MMRDA: Maharashtra CM appeared first on Housing News.

- Wednesday, December 13, 2017

SC pulls up Delhi government, seeks action plan for solid waste management

The Supreme Court, on December 12, 2017, asked Delhi health minister Satyendra Jain to urgently convene a meeting of the committee, on the issue of solid waste management and said a definite plan of … READ FULL STORY The post SC pulls up Delhi government, seeks action plan for solid waste management appeared first on Housing News.

- Tuesday, December 12, 2017

Cabinet nod for Rs 5,900-crore metro link to Bengaluru airport

The Karnataka cabinet, on December 12, 2017, approved a 29.62-km-long metro project that will connect Nagavara and Kempegowda International Airport, with seven stations on the route. The time frame for completing the project worth … READ FULL STORY The post Cabinet nod for Rs 5,900-crore metro link to Bengaluru airport appeared first on Housing News.

- Tuesday, December 12, 2017

NCLT should have taken our leave: SC on government takeover of Unitech

The Supreme Court, on December 12, 2017, said that the National Company Law Tribunal (NCLT) should have taken its leave, before allowing the centre to take over the management of embattled realty firm Unitech … READ FULL STORY The post NCLT should have taken our leave: SC on government takeover of Unitech appeared first on Housing News.

- Tuesday, December 12, 2017

No ready-mix plant in Noida without our approval: NGT

The National Green Tribunal has directed that no ready-mix plants will be permitted to operate at construction sites in Noida, without its specific approval. A bench headed by NGT chairperson justice Swatanter Kumar, asked … READ FULL STORY The post No ready-mix plant in Noida without our approval: NGT appeared first on Housing News.

- Monday, December 11, 2017

NCDRC orders New Delhi-based Adel Landmarks to refund money to home buyers

Home buyers cannot be made to wait indefinitely for possession of flats booked by them, the apex consumer commission has said, as it asked a private builder to refund the amount paid by its … READ FULL STORY The post NCDRC orders New Delhi-based Adel Landmarks to refund money to home buyers appeared first on Housing News.

- Monday, December 11, 2017

24 companies to invest Rs 60,000 crores in JNPT SEZ: Gadkari

Twenty-four companies have already offered to come and set up ventures in the JNPT special economic zone (SEZ) to use it for exports, Union Shipping and Ports Minister, Nitin Gadkari said, at a seminar … READ FULL STORY The post 24 companies to invest Rs 60,000 crores in JNPT SEZ: Gadkari appeared first on Housing News.

- Monday, December 11, 2017

1,100-acre logistic hub to be developed in Narnaul: Haryana CM

A logistic hub, spanning over 1,100 acres, will be developed in Narnaul, Haryana chief minister Manohar Lal Khattar said in Fatehabad, on December 9, 2017. Meetings have been held with various industrial groups and … READ FULL STORY The post 1,100-acre logistic hub to be developed in Narnaul: Haryana CM appeared first on Housing News.

- Monday, December 11, 2017

Fortis case: Have written to HUDA to cancel land lease, says health minister

Haryana health minister Anil Vij, has said that his department has written to the Haryana Urban Development Authority (HUDA), to cancel the lease of land to Fortis Hospital in Gurugram, due to alleged violations … READ FULL STORY The post Fortis case: Have written to HUDA to cancel land lease, says health minister appeared first on Housing News.

- Monday, December 11, 2017

Illegal religious structures near metro: HC seeks DDA’s reply

A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, has issued notice to the Delhi Development Authority (DDA) and the civic bodies and sought a status report, … READ FULL STORY The post Illegal religious structures near metro: HC seeks DDA’s reply appeared first on Housing News.

- Monday, December 11, 2017

Realty firm signs MoU with Punjab government, for student housing

Mona Townships Private Limited (MTPL) has signed a Memorandum of Understanding (MoU) with the Punjab government, to develop student housing in the state. The project will entail an investment of Rs 100 crores, and … READ FULL STORY The post Realty firm signs MoU with Punjab government, for student housing appeared first on Housing News.

- Thursday, December 07, 2017

Jewar airport to be developed in four phases

Nearly 3,000 hectares of land would be needed for the development of an international airport at Jewar near Noida and 1,206 hectares, costing around Rs 3,000 crores, would be needed in the first phase, … READ FULL STORY The post Jewar airport to be developed in four phases appeared first on Housing News.

- Thursday, December 07, 2017

Citizens can now view DP plot reservations via BMC mobile app

Maharashtra chief minister Devendra Fadnavis, on December 6, 2017, launched a mobile application and a web portal, aimed at enabling the civic body to offer its services using the latest technology. “Through the mobile … READ FULL STORY The post Citizens can now view DP plot reservations via BMC mobile app appeared first on Housing News.

- Thursday, December 07, 2017

Development work in Rohini scheme to be completed soon: DDA

The developmental activities in the Rohini residential scheme of 1981 will be completed shortly, the Delhi Development Authority (DDA) has said. The issuance of the allotment-cum-demand letters to the remaining 14,352 allottees of the … READ FULL STORY The post Development work in Rohini scheme to be completed soon: DDA appeared first on Housing News.

- Wednesday, December 06, 2017

Bombay HC upholds validity of RERA, allows some leeway for developers

The Bombay High Court, on December 6, 2017, upheld the validity of the Real Estate (Regulation and Development) Act (RERA). A bench of justices Naresh Patil and Rajesh Ketkar, pronounced its judgement on a … READ FULL STORY The post Bombay HC upholds validity of RERA, allows some leeway for developers appeared first on Housing News.

- Wednesday, December 06, 2017

RBI keeps key interest rates unchanged

The Reserve Bank of India (RBI), on December 6, 2017, kept the key interest rates unchanged, on expected lines, but raised the inflation forecast for the remainder of the current financial year to 4.3-4.7 … READ FULL STORY The post RBI keeps key interest rates unchanged appeared first on Housing News.

- Wednesday, December 06, 2017

HC seeks government’s stand, on PIL for changing Muslim inheritance law

A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, on December 5, 2017, asked the Ministry of Law and Justice, to examine the issue of alleged discriminatory … READ FULL STORY The post HC seeks government’s stand, on PIL for changing Muslim inheritance law appeared first on Housing News.

- Wednesday, December 06, 2017

Second airport near Kolkata feasible, if there is land: Civil aviation minister

Civil Aviation Minister Ashok Gajapathi Raju, on December 5, 2017, said if land was available, a second airport near Kolkata was a possibility. “Kolkata needs an alternative airport. If the West Bengal government gets … READ FULL STORY The post Second airport near Kolkata feasible, if there is land: Civil aviation minister appeared first on Housing News.

- Wednesday, December 06, 2017

Notify solid waste management bye-laws in three weeks: Delhi HC to LG

The Delhi High Court, on December 5, 2017, asked Lieutenant Governor Anil Baijal, to positively notify the Solid Waste Management bye-laws, framed jointly by the city’s civic bodies and environmental experts, within three weeks. … READ FULL STORY The post Notify solid waste management bye-laws in three weeks: Delhi HC to LG appeared first on Housing News.

- Wednesday, December 06, 2017

Yamuna floodplain: Phase-I of biodiversity park to be ready by April 8, 2018

The Delhi Development Authority (DDA), on December 5, 2017, told a bench headed by National Green Tribunal (NGT) chairperson justice Swatanter Kumar that biodiversity parks, would be developed along the banks of the Yamuna … READ FULL STORY The post Yamuna floodplain: Phase-I of biodiversity park to be ready by April 8, 2018 appeared first on Housing News.

- Tuesday, December 05, 2017

Two-member judicial panel to hear Mumbai Metro works’ noise pollution case

A division bench of the Bombay High Court comprising chief justice Manjula Chellur and justice MS Sonak, on December 4, 2017, directed that a two-member judicial committee would hear the matters pertaining to noise … READ FULL STORY The post Two-member judicial panel to hear Mumbai Metro works’ noise pollution case appeared first on Housing News.

- Tuesday, December 05, 2017

NGT slams Delhi government for not filing action plan to curb air pollution

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, on December 4, 2017, took exception over the failure of the AAP government to file a report on ways to deal with … READ FULL STORY The post NGT slams Delhi government for not filing action plan to curb air pollution appeared first on Housing News.

- Tuesday, December 05, 2017

Maharashtra grants administrative approval for Versova-Bandra Sea Link

The Maharashtra government, on December 4, 2017, accorded administrative approval to the Versova-Bandra Sea Link (VBSL) project, eight years after the State Cabinet Committee on Infrastructure (SCCI) cleared it. In a government resolution (GR), … READ FULL STORY The post Maharashtra grants administrative approval for Versova-Bandra Sea Link appeared first on Housing News.

- Tuesday, December 05, 2017

Kolkata airport to go green with 15 MW solar power plant

The Kolkata airport is all set to start using clean and green energy for its day-to-day operations, as its ground-mounted grid-connected solar plant, is ready for commissioning. The 15 MW plant, capacity-wise the largest … READ FULL STORY The post Kolkata airport to go green with 15 MW solar power plant appeared first on Housing News.

- Monday, December 04, 2017

Vacation orders against 875 alleged encroachers of Waqf property

The Kotwali sub-divisional magistrate (SDM), in an order dated November 28, 2017, has given 15 days’ time to 875 alleged encroachers on a Waqf property, to leave the land occupied by them at the … READ FULL STORY The post Vacation orders against 875 alleged encroachers of Waqf property appeared first on Housing News.

- Monday, December 04, 2017

DDA plans massive digitisation drive

The Delhi Development Authority (DDA) is planning to undertake a massive digitisation drive, its vice-chairman said in a statement, on December 1, 2017. Under the project – ‘DDA Digital Services: Computerised Management System for … READ FULL STORY The post DDA plans massive digitisation drive appeared first on Housing News.

- Monday, December 04, 2017

NGT orders inspection of Najafgarh land for Yamuna sewage treatment plant

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, on December 1, 2017, constituted a team of officers from the Delhi Jal Board (DJB) and the city government, who will jointly … READ FULL STORY The post NGT orders inspection of Najafgarh land for Yamuna sewage treatment plant appeared first on Housing News.

- Thursday, November 30, 2017

DDA housing scheme 2017 draw on November 30, 2017; 46,182 applicants

The draw of lots for the Delhi Development Authority’s (DDA’s) Housing Scheme 2017 is slated to be held in the Vikas Sadan’s Auction Hall in New Delhi on November 30, 2017, the Authority said. … READ FULL STORY The post DDA housing scheme 2017 draw on November 30, 2017; 46,182 applicants appeared first on Housing News.

- Thursday, November 30, 2017

Hyderabad Metro Rail opens to public, passengers elated

The Hyderabad Metro Rail, on November 29, 2017, commenced its maiden operations between Miyapur and Nagole, having a total distance of 30 kms and 24 stations, the concessionaire, L&T Metro Rail (Hyderabad) Ltd, said … READ FULL STORY The post Hyderabad Metro Rail opens to public, passengers elated appeared first on Housing News.

- Thursday, November 30, 2017

Municipalities may raise Rs 6,000 crores from bonds, by FY20

Municipal bonds, worth Rs 6,000 crores are likely to be issued over the next three fiscal years, from progressive and proactive urban local bodies (ULBs), riding on policy and regulatory facilitations, according to a … READ FULL STORY The post Municipalities may raise Rs 6,000 crores from bonds, by FY20 appeared first on Housing News.

- Thursday, November 30, 2017

Tree felling in Aravallis: NGT asks Haryana to submit revenue records

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, has asked the counsel appearing for the Haryana government to produce the revenue records of the land in Faridabad in the eco-sensitive … READ FULL STORY The post Tree felling in Aravallis: NGT asks Haryana to submit revenue records appeared first on Housing News.

- Thursday, November 30, 2017

Felling of trees for Dwarka convention centre: NGT issues notice to Centre, Delhi government

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, issued notices to the Ministry of the Environment and Forests, the AAP government, Delhi-Mumbai Industrial Corridor Development Corporation and the Delhi Pollution … READ FULL STORY The post Felling of trees for Dwarka convention centre: NGT issues notice to Centre, Delhi government appeared first on Housing News.

- Wednesday, November 29, 2017

Maharashtra to bring in new law for elevators, escalators and moving walkways

The Maharashtra cabinet, on November 28, 2017, approved a proposal to scrap the existing Maharashtra Elevators Act, 1939 and bring a new law, which will also regulate escalators and moving walkways. The legislation, expected … READ FULL STORY The post Maharashtra to bring in new law for elevators, escalators and moving walkways appeared first on Housing News.

- Wednesday, November 29, 2017

Pallavaram-Thoraipakkam Road: The new growth centre in Chennai

The 11-km stretch of the Old Mahabalipuram Road in the (OMR) Post-Toll market, is likely to cause the linear growth pattern of the OMR to diverge. Being strategically placed and well-connected to the key … READ FULL STORY The post Pallavaram-Thoraipakkam Road: The new growth centre in Chennai appeared first on Housing News.

- Wednesday, November 29, 2017

Centre open to reviewing coastal regulation norms, to promote tourism

The environment ministry was open to reviewing the Coastal Regulation Zone (CRZ) guidelines, one of its top officials said, on November 28, 2017. Arun Kumar Mehta, additional secretary, Ministry of Environment, Forests and Climate … READ FULL STORY The post Centre open to reviewing coastal regulation norms, to promote tourism appeared first on Housing News.

- Wednesday, November 29, 2017

Telangana’s double-bedroom housing scheme for poor ‘revolutionary’: Housing minister

Union minister Hardeep Singh Puri, on November 28, 2017, appreciated the Telangana government’s double-bedroom houses scheme for the poor, the state government said. The Housing and Urban Affairs Minister visited the IDH Colony in … READ FULL STORY The post Telangana’s double-bedroom housing scheme for poor ‘revolutionary’: Housing minister appeared first on Housing News.

- Tuesday, November 28, 2017

PM Modi inaugurates Hyderabad Metro Rail

Prime minister Narendra Modi, on November 28, 2017, inaugurated the Hyderabad Metro Rail and took a ride along with Telangana chief minister K Chandrashekhar Rao, in its maiden run. The first phase of the … READ FULL STORY The post PM Modi inaugurates Hyderabad Metro Rail appeared first on Housing News.

- Tuesday, November 28, 2017

Submit Coastal Zone Management Plan before April 30, 2018: NGT to states

A National Green Tribunal (NGT) bench, headed by chairperson justice Swatanter Kumar, warned all state and union territory governments that if they failed to submit their respective Coastal Zone Management Plans (CZMPs), they would … READ FULL STORY The post Submit Coastal Zone Management Plan before April 30, 2018: NGT to states appeared first on Housing News.

- Tuesday, November 28, 2017

Nobody can encroach upon property in charity’s name: Delhi HC

The Delhi High Court, on November 27, 2017, rejected the claim of a person, accused of carrying out unauthorised construction on a Waqf property, that an orphanage was being run in the premises, housing … READ FULL STORY The post Nobody can encroach upon property in charity’s name: Delhi HC appeared first on Housing News.

- Tuesday, November 28, 2017

Telangana evaluating blockchain technology for transparency in land deals

The Telangana government is keen on exploring the use of blockchain technology, to bring transparency in land registrations, the principal secretary for information technology, Jayesh Ranjan said, while addressing ‘GAMBIT’, a conference on ‘Bitcoins … READ FULL STORY The post Telangana evaluating blockchain technology for transparency in land deals appeared first on Housing News.

- Monday, November 27, 2017

PM to flag-off Hyderabad Metro Rail on November 28, 2017

The 30-km-long first phase of the Hyderabad Metro Rail project between Miyapur and Nagole, having 24 stations, will be launched by prime minister Narendra Modi at 2.15 pm, on November 28, 2017, at Miyapur … READ FULL STORY The post PM to flag-off Hyderabad Metro Rail on November 28, 2017 appeared first on Housing News.

- Monday, November 27, 2017

Activists flay BMC’s policy to allow private entities to maintain open spaces

The general body of the Brihanmumbai Municipal Corporation (BMC) has passed an interim policy for the city’s open spaces, allowing citizen groups, NGOs and private organisations to maintain the city’s open spaces for eleven … READ FULL STORY The post Activists flay BMC’s policy to allow private entities to maintain open spaces appeared first on Housing News.

- Monday, November 27, 2017

Domestic investors still skeptical about REITs: Report

According to a survey by PwC and the Urban Land Institute, the maiden REIT is likely to be listed towards the end of the first quarter of 2018, providing a long-awaited exit route for … READ FULL STORY The post Domestic investors still skeptical about REITs: Report appeared first on Housing News.

- Monday, November 27, 2017

Put the complaints on unauthorised constructions online: Delhi HC

A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, on November 24, 2017, said it was of the view that many of the grievances relating to illegal … READ FULL STORY The post Put the complaints on unauthorised constructions online: Delhi HC appeared first on Housing News.

- Monday, November 27, 2017

Trump Tower Kolkata: 50% units sold within 40 days of soft launch

Trump Tower Kolkata, which was announced in mid-October2017, has received overwhelming response, with over 50 per cent of the units being sold since its soft launch. The project is being developed by Unimark Group, … READ FULL STORY The post Trump Tower Kolkata: 50% units sold within 40 days of soft launch appeared first on Housing News.

- Friday, November 24, 2017

Chennai-Bengaluru Express Highway, 3 elevated corridors proposed for TN

Union minister Nitin Gadkari, who handles the portfolios of road transport, highways, shipping and water resources, on November 23, 2017, announced that the centre had sanctioned projects worth Rs one lakh crore for Tamil … READ FULL STORY The post Chennai-Bengaluru Express Highway, 3 elevated corridors proposed for TN appeared first on Housing News.

- Friday, November 24, 2017

CIDCO hopeful of commissioning Navi Mumbai airport by end-2019

City and Industrial Development Corporation’s (CIDCO’s) joint managing director Prajakta Verma, on November 23, 2017, assured that the work on the Rs 16,000-crore Navi Mumbai International Airport project was being fast-tracked. “In all probability, … READ FULL STORY The post CIDCO hopeful of commissioning Navi Mumbai airport by end-2019 appeared first on Housing News.

- Friday, November 24, 2017

Spell out repayment plan: HC to owners of DSK Builders

The Bombay High Court, on November 23, 2017, asked the promoters of Pune-based DSK Builders, to provide a proper plan, for refunding the depositors. Justice Ajey Gadkari was hearing the anticipatory bail applications of … READ FULL STORY The post Spell out repayment plan: HC to owners of DSK Builders appeared first on Housing News.

- Friday, November 24, 2017

18 Mumbai builders get stop work notice for defaulting on premium payment

The Brihanmumbai Municipal Corporation (BMC) has issued stop work notices to 18 developers, executing as many housing projects with different names, on the civic body’s land in the city, for failing to deposit the … READ FULL STORY The post 18 Mumbai builders get stop work notice for defaulting on premium payment appeared first on Housing News.

- Friday, November 24, 2017

Maharashtra government considers increasing size of SRA flats

In a meeting chaired by Chief Minister Devendra Fadnavis, to discuss issues related to the Slum Rehabilitation Authority (SRA), the Maharashtra government has decided to examine whether the area of flats can be increased … READ FULL STORY The post Maharashtra government considers increasing size of SRA flats appeared first on Housing News.

- Thursday, November 23, 2017

Insolvency law amended: Willful defaulters barred from bidding for assets

The President of India has given his assent, on November 23, 2017, to an ordinance to amend the Insolvency and Bankruptcy Code, 2016. The ordinance aims at putting in place safeguards, to prevent unscrupulous … READ FULL STORY The post Insolvency law amended: Willful defaulters barred from bidding for assets appeared first on Housing News.

- Thursday, November 23, 2017

SC asks Bombay HC receiver to auction Sahara’s Aamby Valley

A Supreme Court bench, comprising of chief justice Dipak Misra and justices Ranjan Gogoi and AK Sikri, on November 23, 2017, asked the official liquidator of the Bombay High Court to take the help … READ FULL STORY The post SC asks Bombay HC receiver to auction Sahara’s Aamby Valley appeared first on Housing News.

- Thursday, November 23, 2017

Insolvency law set to be amended

The union cabinet, on November 22, 2017, approved bringing in an ordinance to make ‘some changes’ in the Insolvency and Bankruptcy Code, corporate affairs minister Arun Jaitley said. The Code, which became operational in … READ FULL STORY The post Insolvency law set to be amended appeared first on Housing News.

- Thursday, November 23, 2017

BMC to unveil new policy for city’s dilapidated buildings

In a bid to give a push to the repair or redevelopment of some 30,000 dilapidated buildings in the city, the Brihanmumbai Municipal Corporation (BMC) is coming out with a new policy. The new … READ FULL STORY The post BMC to unveil new policy for city’s dilapidated buildings appeared first on Housing News.

- Thursday, November 23, 2017

Biodiversity parks along the Yamuna, in a phased manner: DDA to NGT

The Delhi Development Authority (DDA), on November 22, 2017, told a bench headed by the National Green Tribunal (NGT) chairperson justice Swatanter Kumar that the principal committee constituted by the green panel, has approved … READ FULL STORY The post Biodiversity parks along the Yamuna, in a phased manner: DDA to NGT appeared first on Housing News.

- Wednesday, November 22, 2017

SC restrains Jaypee directors from alienating properties

The Supreme Court, on November 22, 2017, directed 13 directors, including five promoters of the embattled Jaiprakash Associates Limited (JAL), not to alienate their personal properties and asked the firm to deposit Rs 150 … READ FULL STORY The post SC restrains Jaypee directors from alienating properties appeared first on Housing News.

- Wednesday, November 22, 2017

Will submit repayment plan in HC, on November 23, 2017: DS Kulkarni

Pune-based real estate developer DS Kulkarni (DSK), battling allegations of financial irregularities, on November 21, 2017, said that the firm was ‘confident’ of paying the returns to fixed deposit holders, who have accused it … READ FULL STORY The post Will submit repayment plan in HC, on November 23, 2017: DS Kulkarni appeared first on Housing News.

- Wednesday, November 22, 2017

Use landfill site at Noida’s sector 123 for waste dumping: NGT

A National Green Tribunal (NGT) bench, headed by chairperson justice Swatanter Kumar, on November 21, 2017, said ‘no interference’ was required in its order of October 24, 2017, which prohibited dumping of municipal solid … READ FULL STORY The post Use landfill site at Noida’s sector 123 for waste dumping: NGT appeared first on Housing News.

- Tuesday, November 21, 2017

DDA proposes to relax norms for Rohini Scheme 1981

There is good news for applicants of the Delhi Development Authority’s (DDA’s) Rohini scheme of 1981, as the housing authority, on November 20, 2017, proposed to relax an allotment norm, which hinged on the … READ FULL STORY The post DDA proposes to relax norms for Rohini Scheme 1981 appeared first on Housing News.

- Tuesday, November 21, 2017

GST, note ban have lowered cities’ real estate ranking: Report

As per a survey conducted jointly by the Urban Land Institute and consultancy PwC, the initial effects of demonetisation and the Goods and Services Tax (GST), have impacted the investment and development prospects of … READ FULL STORY The post GST, note ban have lowered cities’ real estate ranking: Report appeared first on Housing News.

- Monday, November 20, 2017

Proposal to expand Delhi Metro up to Kundli prepared: Haryana CM

“The proposal regarding the expansion of metro trains up to Kundli, has been prepared. Rapid Metro and other options are being considered, to connect areas beyond Kundli,” Haryana chief minister Manohar Lal Khattar announced, … READ FULL STORY The post Proposal to expand Delhi Metro up to Kundli prepared: Haryana CM appeared first on Housing News.

- Monday, November 20, 2017

NGT lifts ban on construction in Delhi-NCR

The National Green Tribunal (NGT), on November 17, 2017, lifted its ban on construction activities in Delhi-NCR and allowed trucks to enter the national capital, while asking authorities to strictly monitor their movement. The … READ FULL STORY The post NGT lifts ban on construction in Delhi-NCR appeared first on Housing News.

- Monday, November 20, 2017

Housing Ministry keen to tap into Singapore’s expertise, for the Smart City Mission

Singapore-based companies have evinced interest in urban projects in Assam, Maharashtra, Rajasthan, Madhya Pradesh and Himachal Pradesh and the government is keen on tapping into the country’s expertise for India’s Smart City Mission, a … READ FULL STORY The post Housing Ministry keen to tap into Singapore’s expertise, for the Smart City Mission appeared first on Housing News.

- Monday, November 20, 2017

Rates for development charges in 15 colonies of Gurugram fixed

A proposal for fixing the rate of development charges in 15 colonies of Gurugram and nine colonies of Faridabad, has been approved by Haryana chief minister Manohar Lal Khattar, Urban Local Bodies Minister, Kavita … READ FULL STORY The post Rates for development charges in 15 colonies of Gurugram fixed appeared first on Housing News.

- Monday, November 20, 2017

CREDAI to hold international exhibition of Indian properties in Dubai, from December 7-9, 2017

The Confederation of Real Estate Developers’ Associations of India (CREDAI) will be holding its first international exhibition of Indian properties in Dubai, in December 2017. With the aim to target over 2.6 million Indians … READ FULL STORY The post CREDAI to hold international exhibition of Indian properties in Dubai, from December 7-9, 2017 appeared first on Housing News.

- Friday, November 17, 2017

Steps by authorities on air pollution are woefully inadequate: Delhi HC

A Delhi High Court bench of justices S Ravindra Bhat and Sanjeev Sachdeva, termed the steps taken to curb pollution in the national capital as ‘woefully inadequate’, after none of the authorities, including the … READ FULL STORY The post Steps by authorities on air pollution are woefully inadequate: Delhi HC appeared first on Housing News.

- Friday, November 17, 2017

NGT asks 10 Faridabad builders to submit bank guarantees

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, on November 16, 2017, restrained 10 builders in Faridabad district in Haryana from withdrawing money from their bank accounts and asked them … READ FULL STORY The post NGT asks 10 Faridabad builders to submit bank guarantees appeared first on Housing News.

- Friday, November 17, 2017

Bombay HC raps municipal corporation, housing society for usurping garden plot

Observing that people cannot be deprived of open spaces and garden areas, the Bombay High Court, on November 16, 2017, directed the Municipal Corporation of Greater Mumbai (MCGM) to ensure that a park in … READ FULL STORY The post Bombay HC raps municipal corporation, housing society for usurping garden plot appeared first on Housing News.

- Thursday, November 16, 2017

Centre increases carpet area of houses under PMAY

The centre, on November 16, 2017, approved the enhancement of the carpet area of houses for the middle income group (MIG) category, under the Pradhan Mantri Awas Yojana – Urban (PMAY-U). Under the MIG-I … READ FULL STORY The post Centre increases carpet area of houses under PMAY appeared first on Housing News.

- Thursday, November 16, 2017

Notify solid waste management bye laws: HC to Delhi government

The Delhi High Court, on November 15, 2017, asked the AAP government to comply with its order and notify the solid waste management bye laws, framed on its directions, within two weeks. The bench … READ FULL STORY The post Notify solid waste management bye laws: HC to Delhi government appeared first on Housing News.

- Thursday, November 16, 2017

Delhi’s Khan Market world’s 24th most expensive retail hotspot

Although monthly rentals at Delhi’s Khan Market stood stable at Rs 1,250 per sq ft in the past one year, its ranking improved by four places, to become the 24th most expensive retail location … READ FULL STORY The post Delhi’s Khan Market world’s 24th most expensive retail hotspot appeared first on Housing News.

- Thursday, November 16, 2017

CREDAI-MCHI real estate exhibition to be held from November 16-19, 2017, in Mumbai

CREDAI-MCHI will be holding its ‘28th Real Estate & Housing Finance Exhibition’, from November 16-19, 2017. The exhibition, which will be held at the MMRDA Grounds, at BKC, in Mumbai, is set to be … READ FULL STORY The post CREDAI-MCHI real estate exhibition to be held from November 16-19, 2017, in Mumbai appeared first on Housing News.

- Wednesday, November 15, 2017

Phase I of Delhi-Meerut Expressway to be ready by December 2017

The first leg of the Delhi-Meerut Expressway, which includes India’s first 14-lane highway and a 2.5-metre cycle track, will be completed by December 2017, union minister Nitin Gadkari said, on November 14, 2017. It … READ FULL STORY The post Phase I of Delhi-Meerut Expressway to be ready by December 2017 appeared first on Housing News.

- Wednesday, November 15, 2017

RERA for Gurugram finalised, development authority for KMP Expressway on the anvil

Addressing an event, after inaugurating projects to the tune of Rs 100 crores in Pataudi, Haryana chief minister Manohar Lal Khattar said that the government was planning an authority for the development of industries … READ FULL STORY The post RERA for Gurugram finalised, development authority for KMP Expressway on the anvil appeared first on Housing News.

- Tuesday, November 14, 2017

Luxury home prices in Delhi, Bengaluru weaken further: Knight Frank report

The declining trend that engulfed luxury home prices across key Indian metros earlier this year, has further intensified amid a global pattern of weakening prices, revealed the Knight Frank Prime Global Cities Index Q3 … READ FULL STORY The post Luxury home prices in Delhi, Bengaluru weaken further: Knight Frank report appeared first on Housing News.

- Tuesday, November 14, 2017

SDMC nod to tax amnesty scheme for unauthorised colonies

The South Delhi Municipal Corporation (SDMC) has announced an amnesty scheme, wherein property owners in unauthorised colonies will become entitled to 100 per cent remission of the amount relating to interest and penalty, on … READ FULL STORY The post SDMC nod to tax amnesty scheme for unauthorised colonies appeared first on Housing News.

- Tuesday, November 14, 2017

Better financial profiles of infra companies hints at revival of sector: ICRA

Early signs of a revival of the infrastructure sector are evident, with the improvement in the financial profile of players, rating agency ICRA said, in a statement on November 13, 2017. ICRA noted that … READ FULL STORY The post Better financial profiles of infra companies hints at revival of sector: ICRA appeared first on Housing News.

- Monday, November 13, 2017

Draw for DDA housing scheme to be held towards the end of November 2017

The date for the draw for the Delhi Development Authority’s (DDA’s) 2017 housing scheme has almost been finalised, a DDA official has revealed. “It will be close to November end,” the DDA official said. … READ FULL STORY The post Draw for DDA housing scheme to be held towards the end of November 2017 appeared first on Housing News.

- Monday, November 13, 2017

NGT announces Rs one lakh fine on those violating Delhi construction ban

The National Green Tribunal (NGT), on November 10, 2017, directed the Delhi government and all public authorities, to strictly implement its order banning construction activity, in the wake of the alarming pollution levels in … READ FULL STORY The post NGT announces Rs one lakh fine on those violating Delhi construction ban appeared first on Housing News.

- Monday, November 13, 2017

Bombay HC asks sessions court to return money deposited by realtor

The Bombay High Court has directed a sessions court to return a sum of Rs 59 crores with interest, deposited by Vyomesh Shah, the owner of a real estate firm who is accused in … READ FULL STORY The post Bombay HC asks sessions court to return money deposited by realtor appeared first on Housing News.

- Monday, November 13, 2017

Cabinet nod for Rs 25,700-crore convention centre at Dwarka

The cabinet, on November 10, 2017, approved Rs 25,703 crores, for development of an exhibition-cum-convention centre (ECC) at Dwarka, to put the national capital in the league of Shanghai, Hong Kong and Singapore in … READ FULL STORY The post Cabinet nod for Rs 25,700-crore convention centre at Dwarka appeared first on Housing News.

- Friday, November 10, 2017

52 per cent of MahaRERA-registered residential stock unsold in Mumbai: Cushman & Wakefield and Propstack report

A report by global property consultancy Cushman & Wakefield and real estate data analytics and workflow solutions firm Propstack, has pegged the total of number of under-construction residential units registered under MahaRERA, at 6,70,339 … READ FULL STORY The post 52 per cent of MahaRERA-registered residential stock unsold in Mumbai: Cushman & Wakefield and Propstack report appeared first on Housing News.

- Friday, November 10, 2017

Delhi pollution: NGT bans construction, industrial activity in NCR

The National Green Tribunal (NGT) has rapped the Delhi government and civic bodies over the alarming pollution levels in the National Capital Region (NCR). “No construction activity will be carried out on structures until … READ FULL STORY The post Delhi pollution: NGT bans construction, industrial activity in NCR appeared first on Housing News.

- Friday, November 10, 2017

Centre in talks with TN, for a second airport in Chennai

Civil aviation secretary RN Choubey and Airports Authority of India (AAI) officials have held two meeting with the Tamil Nadu government in the last three months, to discuss the matter of setting up a … READ FULL STORY The post Centre in talks with TN, for a second airport in Chennai appeared first on Housing News.

- Friday, November 10, 2017

MMRDA appoints contractors for Mumbai Trans-Harbour Link

The Mumbai Metropolitan Region Development Authority (MMRDA) has appointed three contractors to construct the ambitious Mumbai Trans-Harbour Link (MTHL). A consortium of L&T-IHI has been appointed to construct package-1 (Sewri side of the sea … READ FULL STORY The post MMRDA appoints contractors for Mumbai Trans-Harbour Link appeared first on Housing News.

- Friday, November 10, 2017

HC warns Mumbai Metro against carrying out work at night, on Line III

A Bombay High Court bench of chief justice Manjula Chellur and justice MS Sonak warned that if the Mumbai Metro Rail Corporation Limited (MMRCL) failed to comply with the court’s order, of restraining all … READ FULL STORY The post HC warns Mumbai Metro against carrying out work at night, on Line III appeared first on Housing News.

- Friday, November 10, 2017

West Bengal exploring possibility of setting up of eco-industrial parks

The West Bengal government would soon initiate discussions with the United Nations Industrial Development Organization (UNIDO) and Confederation of Indian Industry (CII), as to how it could develop eco-industrial parks in the state, environment … READ FULL STORY The post West Bengal exploring possibility of setting up of eco-industrial parks appeared first on Housing News.

- Wednesday, November 08, 2017

Affordable homes supply increases 27% in January-September 2017: CREDAI-MCHI

According to a study by real estate developers’ body CREDAI-MCHI, the supply of affordable homes increased by 27 per cent to 26,081 units across eight cities, during January-September this year, as against 20,485 a … READ FULL STORY The post Affordable homes supply increases 27% in January-September 2017: CREDAI-MCHI appeared first on Housing News.

- Wednesday, November 08, 2017

Draft Development Plan of Faridabad finalised

The state-level committee of the Town and Country Planning Department of Haryana, has finalised the Draft Development Plan of Faridabad. The draft development plan had been prepared for the projected population of over 38 … READ FULL STORY The post Draft Development Plan of Faridabad finalised appeared first on Housing News.

- Wednesday, November 08, 2017

Maharashtra government considering indemnity, for bankers funding infrastructure projects

With large infrastructure projects worth trillions underway in the state, Maharashtra is looking at revamping its funding model, so that bankers funding such projects will be covered by the government, a senior state official … READ FULL STORY The post Maharashtra government considering indemnity, for bankers funding infrastructure projects appeared first on Housing News.

- Wednesday, November 08, 2017

Mahindra Lifespaces to develop industrial clusters at Chennai, Ahmedabad

Mahindra Lifespace Developers, the realty arm of the diversified Mahindra Group, on November 7, 2017, announced that the company has planned to develop two industrial clusters, with one each in Chennai and Ahmedabad and … READ FULL STORY The post Mahindra Lifespaces to develop industrial clusters at Chennai, Ahmedabad appeared first on Housing News.

- Tuesday, November 07, 2017

Deposit substantial amount to prove bonafide: SC to Jaypee

A Supreme Court bench, headed by chief justice Dipak Misra, on November 6, 2017, refused to allow Jaypee Associates to deposit to Rs 400 crores, saying that the amount was a paltry sum and … READ FULL STORY The post Deposit substantial amount to prove bonafide: SC to Jaypee appeared first on Housing News.

- Tuesday, November 07, 2017

Madras HC seeks report on encroachments on Adyar River

The first bench of the Madras High Court, comprising chief justice Indira Banerjee and justice M Sundar, on November 6, 2017, directed the Kancheepuram Collector to file a report, with regard to the number … READ FULL STORY The post Madras HC seeks report on encroachments on Adyar River appeared first on Housing News.

- Tuesday, November 07, 2017

Tax department attaches benami assets worth Rs 1,833 crores

Official data, updated till October 2017, shows that assets worth Rs 1,833 crores have been attached by the Income Tax (I-T) Department, for which it issued over 517 notices and made 541 attachments. The … READ FULL STORY The post Tax department attaches benami assets worth Rs 1,833 crores appeared first on Housing News.

- Tuesday, November 07, 2017

Rajapushpa Properties to launch three projects in Hyderabad

Real estate developer Rajapushpa Properties, has announced the launch of three new projects in Hyderabad – Rajapushpa Regalia (at Kokapet), Rajapushpa Greendale (at Tellapur) and The Summit (in the heart of financial district at … READ FULL STORY The post Rajapushpa Properties to launch three projects in Hyderabad appeared first on Housing News.

- Monday, November 06, 2017

Trial runs on Delhi Metro’s Mundka-Bahadurgarh stretch from December 2017

Trial runs on Delhi Metro’s Mundka -Bahadurgarh stretch will begin from December, 2017, a Delhi Metro Rail Corporation (DMRC) official has said. The commissioning of the 11-km-long line from west Delhi, will make Ballabgarh … READ FULL STORY The post Trial runs on Delhi Metro’s Mundka-Bahadurgarh stretch from December 2017 appeared first on Housing News.

- Monday, November 06, 2017

1,355 families shifted to transit camp: DDA on Kathputli Colony

Over 1,350 families, who were living at Kathputli Colony, have been shifted by the Delhi Development Authority (DDA) to a transit camp, from February 2014 to June 2017, the urban body revealed, on November … READ FULL STORY The post 1,355 families shifted to transit camp: DDA on Kathputli Colony appeared first on Housing News.

- Monday, November 06, 2017

Pune police seeks freezing of DS Kulkarni Group’s real estate accounts

Pune DCP (cyber & economic offence wing), Sudhir Hiremath, has said that the Pune police had written to banks and asked to freeze around 70 accounts of the real estate group, DS Kulkarni. Meanwhile, … READ FULL STORY The post Pune police seeks freezing of DS Kulkarni Group’s real estate accounts appeared first on Housing News.

- Monday, November 06, 2017

Apex consumer commission pulls up Emaar MGF Land for delayed possession

Depriving a person of a self-owned house amounts to serious injury to the home buyer who has booked the flat to have a shelter over his head, the apex consumer commission has said. The … READ FULL STORY The post Apex consumer commission pulls up Emaar MGF Land for delayed possession appeared first on Housing News.

- Monday, November 06, 2017

HC seeks Delhi government’s reply, on PIL to stop regularising colonies

A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, on November 3, 2017, issued notice to the AAP government, North MCD and the DDA, asking them to … READ FULL STORY The post HC seeks Delhi government’s reply, on PIL to stop regularising colonies appeared first on Housing News.

- Friday, November 03, 2017

Maiden Greenbuild India Exhibition being held in Mumbai, between November 2-5, 2017

Maharashtra chief minister, Devendra Fadnavis, inaugurated the Greenbuild India Conference & Exposition in Mumbai, at the Bombay Exhibition Centre. Greenbuild is the world’s largest conference and expo, dedicated to green building and is premiering … READ FULL STORY The post Maiden Greenbuild India Exhibition being held in Mumbai, between November 2-5, 2017 appeared first on Housing News.

- Friday, November 03, 2017

Centre developing 25-year master plan for airports

The infrastructure at some of the top airports in the country is crumbling, while there has been a consistent double digit growth in domestic air traffic for the past three years. According to a … READ FULL STORY The post Centre developing 25-year master plan for airports appeared first on Housing News.

- Friday, November 03, 2017

Strengthen grievance redressal mechanism: Housing minister, to DDA

Union minister Hardeep Singh Puri, on November 2, 2017, asked the DDA to strengthen their grievance redressal mechanism, to increase efficiency and ensure user satisfaction. In a meeting with Delhi Development Authority vice-chairman Udai … READ FULL STORY The post Strengthen grievance redressal mechanism: Housing minister, to DDA appeared first on Housing News.

- Friday, November 03, 2017

Haryana signs Rs 20,000-crores worth MoU, for logistics parks

The Haryana government has signed a memorandum of understanding (MoU) with Verbind, an integrated trade facilitation services organisation, to set up a logistics and trading hub in the state that would attract investment to … READ FULL STORY The post Haryana signs Rs 20,000-crores worth MoU, for logistics parks appeared first on Housing News.

- Thursday, November 02, 2017

Centre defends RERA in HC, calls it ‘reformative, beneficial law’

Defending the Real Estate (Regulation and Development) Act (RERA), amid challenges to its constitutional validity, the union government, on November 1, 2017, told the Bombay High Court that the Act was a reformative, well … READ FULL STORY The post Centre defends RERA in HC, calls it ‘reformative, beneficial law’ appeared first on Housing News.

- Thursday, November 02, 2017

Unauthorised construction: HC seeks details of all properties under MCD jurisdiction

The Delhi High Court, on November 1, 2017, directed the municipal corporations to give details of the number of properties in their jurisdiction, date of sanction of building plans and the date when completion … READ FULL STORY The post Unauthorised construction: HC seeks details of all properties under MCD jurisdiction appeared first on Housing News.

- Thursday, November 02, 2017

Was land allotted to Patanjali for food park: HC asks Noida Authority

The Allahabad High Court has asked the Yamuna Expressway Industrial Development Authority (YEIDA) to provide all the records showing details of allotment of land in favour of Baba Ramdev’s Patanjali Ayurved Ltd and such … READ FULL STORY The post Was land allotted to Patanjali for food park: HC asks Noida Authority appeared first on Housing News.

- Wednesday, November 01, 2017

Thane Smart City Project: Works worth Rs 700 crores approved

Various works, to the tune of Rs 700 crores, were approved on October 31, 2017, by the board of directors constituted for the Thane Smart City Project. The works were approved in a meeting … READ FULL STORY The post Thane Smart City Project: Works worth Rs 700 crores approved appeared first on Housing News.

- Wednesday, November 01, 2017

Karnataka notifies land reform amendment law; rules to be framed soon

The Karnataka government, on October 28, 2017, notified the Karnataka Land Reforms (Amendment) Act 2016, after getting the nod from the president of India. The government is now planning to frame rules soon, for … READ FULL STORY The post Karnataka notifies land reform amendment law; rules to be framed soon appeared first on Housing News.

- Tuesday, October 31, 2017

India’s top cities record 100% jump in real estate investment; 3/4 of investment by cross border investors: Cushman & Wakefield

The financial capital of India recorded real estate investments of USD 1.74 billion, from July 2016 to June 30, 2017, placing it on 81st position in global cities at attracting funds, property consultant Cushman … READ FULL STORY The post India’s top cities record 100% jump in real estate investment; 3/4 of investment by cross border investors: Cushman & Wakefield appeared first on Housing News.

- Tuesday, October 31, 2017

Deposit Rs 750 crores by December 2017, to get bail: SC to Unitech MD

A Supreme Court bench headed by chief justice Dipak Misra, on October 30, 2017, said that the counsel for Unitech Ltd’s managing director Sanjay Chandra, could bring up the matter related to Chandra’s bail … READ FULL STORY The post Deposit Rs 750 crores by December 2017, to get bail: SC to Unitech MD appeared first on Housing News.

- Thursday, October 26, 2017

Haryana passes bill allowing compulsory land acquisition

The Haryana Consolidation of Project Land (Special Provision) Bill, 2017 was passed by the state assembly, even as opposition parties Congress and INLD staged a walkout, accusing the BJP-led government of giving ‘undue advantage’ … READ FULL STORY The post Haryana passes bill allowing compulsory land acquisition appeared first on Housing News.

- Thursday, October 26, 2017

SC refuses nod to Jaypee Group, to hive-off Yamuna Expressway

The Supreme Court, on October 25, 2017, refused permission to the embattled Jaiprakash Associates Ltd, to hive-off its rights in the multi-crore, six-lane Yamuna Expressway connecting Greater Noida with Agra in Uttar Pradesh. The … READ FULL STORY The post SC refuses nod to Jaypee Group, to hive-off Yamuna Expressway appeared first on Housing News.

- Wednesday, October 25, 2017

Mumbai Metro lines 5 and 6 finally approved

In a major move to improve the transport network in Mumbai, the Maharashtra government, on October 24, 2017, approved two more metro rail lines with an aggregate value of Rs 15,088 crores, linking major … READ FULL STORY The post Mumbai Metro lines 5 and 6 finally approved appeared first on Housing News.

- Wednesday, October 25, 2017

MIAL gets state government’s nod, to develop Navi Mumbai Airport

The Maharashtra government, on October 24, 2017, approved the selection of the GVK-led Mumbai International Airports Ltd (MIAL) for developing the Navi Mumbai International Airport, on a public-private partnership basis. The decision was taken … READ FULL STORY The post MIAL gets state government’s nod, to develop Navi Mumbai Airport appeared first on Housing News.

- Wednesday, October 25, 2017

Special purpose vehicle to raise funds for Mumbai-Nagpur Expressway

The Maharashtra cabinet, chaired by chief minister Devendra Fadnavis, on October 24, 2017, approved the proposal to establish Nagpur-Mumbai Super Communication Expressway Limited, a special purpose vehicle (SPV), which will work as a secondary … READ FULL STORY The post Special purpose vehicle to raise funds for Mumbai-Nagpur Expressway appeared first on Housing News.

- Tuesday, October 24, 2017

PIL in Delhi HC, to stop regularisation of unauthorised colonies

A PIL was moved in the Delhi High Court, on October 24, 2017, seeking directions to the local authorities not to regularise unauthorised colonies, till proper infrastructure is developed in such areas and the … READ FULL STORY The post PIL in Delhi HC, to stop regularisation of unauthorised colonies appeared first on Housing News.

- Tuesday, October 24, 2017

SC seeks to know if Yamuna Expressway belongs to Jaypee Associates

The Supreme Court, on October 23, 2017, said it ‘must be clarified’ whether the multi-crore, six-lane Yamuna Expressway, connecting Greater Noida with Agra in Uttar Pradesh, belonged to a Jaypee Group firm, which wanted … READ FULL STORY The post SC seeks to know if Yamuna Expressway belongs to Jaypee Associates appeared first on Housing News.

- Tuesday, October 24, 2017

Property rates to go up in Telangana, in a few months: Local realtors

The Telangana Real Estate Developers Association (TREDA) secretary general, Sunil Chandra Reddy, on October 23, 2017, said that property prices are likely to go up by around Rs 400 to Rs 450 per sq … READ FULL STORY The post Property rates to go up in Telangana, in a few months: Local realtors appeared first on Housing News.

- Tuesday, October 24, 2017

SC orders refund of principal amount, to home buyers of Supertech

The Supreme Court, on October 23, 2017, ordered the refund of the principal amount, to 26 home buyers of Supertech’s twin Emerald Towers project at Noida. A bench headed by chief justice Dipak Misra, … READ FULL STORY The post SC orders refund of principal amount, to home buyers of Supertech appeared first on Housing News.

- Tuesday, October 24, 2017

SC asks Unitech MD to show bonafide, by depositing Rs 1,000 crores

A Supreme Court bench, comprising chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on October 23, 2017, asked jailed Unitech Ltd’s managing director Sanjay Chandra, to establish his bonafide by depositing … READ FULL STORY The post SC asks Unitech MD to show bonafide, by depositing Rs 1,000 crores appeared first on Housing News.

- Tuesday, October 24, 2017

Realty sector to continue to face demand headwinds in near-term: ICRA

Ratings agency ICRA has said that the value of real estate sales steadily improved from Rs 2,709 cores in Q3 FY2017 to Rs 3,310 crores in Q4 FY2017 and further to Rs 3,703 crores … READ FULL STORY The post Realty sector to continue to face demand headwinds in near-term: ICRA appeared first on Housing News.

- Monday, October 23, 2017

Home buyers seek Modi’s intervention on delayed projects

In a letter to Prime Minister Narendra Modi, a pan-India home buyers’ pressure group, ‘Fight for RERA’, has said that for projects that are delayed for more than five years, banks should be ready … READ FULL STORY The post Home buyers seek Modi’s intervention on delayed projects appeared first on Housing News.

- Monday, October 23, 2017

Curb road dust urgently: EPCA to Delhi, NCR states

A number of major roads in Delhi-NCR, which are in a state of disrepair and contribute to dust pollution, have come under the scanner of the Supreme Court-mandated EPCA. The EPCA or the Environment … READ FULL STORY The post Curb road dust urgently: EPCA to Delhi, NCR states appeared first on Housing News.

- Friday, October 20, 2017

Mahindra Lifespaces, HDFC Capital to develop affordable housing projects

Realty player Mahindra Lifespace Developers (MLDL), on October 18, 2017, said it has partnered with HDFC Capital Affordable Real Estate Fund-1 (HDFC Capital) to create a Rs 500-crore platform, which will invest in affordable … READ FULL STORY The post Mahindra Lifespaces, HDFC Capital to develop affordable housing projects appeared first on Housing News.

- Friday, October 20, 2017

IIFL Home Loan targets 15,000 customers under PMAY

India Infoline Housing Finance Ltd (IIFL Home Loan), on October 18, 2017, has said that the company aims to add 15,000 customers under the government’s Pradhan Mantri Awas Yojana (PMAY) Urban scheme by FY18-end, … READ FULL STORY The post IIFL Home Loan targets 15,000 customers under PMAY appeared first on Housing News.

- Friday, October 20, 2017

Government-owned properties in Maharashtra to be rented out online

From November 1, 2017, government-owned properties in Maharashtra will be rented out through online service, which will essentially save time of the authorities. A Government Resolution (GR) issued on October 18, 2017, stated that … READ FULL STORY The post Government-owned properties in Maharashtra to be rented out online appeared first on Housing News.

- Tuesday, October 17, 2017

NDMC against demolishing unauthorised colony houses, till 2020

The Standing Committee of the BJP-led North Delhi Municipal Corporation (NDMC), on October 16, 2017, passed a resolution to extend the enforcement period of the National Capital Territory of Delhi Laws (Special Provisions) Act … READ FULL STORY The post NDMC against demolishing unauthorised colony houses, till 2020 appeared first on Housing News.

- Tuesday, October 17, 2017

Dubai Property Show to be held from November 3-5, 2017, in Mumbai

Following an encouraging response from two successive shows, the Dubai Land Department will hold the third edition of the Dubai Property Show in Mumbai this November. Supported by established Dubai developers, the property exhibition … READ FULL STORY The post Dubai Property Show to be held from November 3-5, 2017, in Mumbai appeared first on Housing News.

- Monday, October 16, 2017

Resistance to Metro III stems from people’s lack of confidence in MMRCL: HC

The Bombay High Court, on October 13, 2017, said that one of the reasons the Metro III project was facing opposition from the residents, was their lack of confidence in the Mumbai Metro Rail … READ FULL STORY The post Resistance to Metro III stems from people’s lack of confidence in MMRCL: HC appeared first on Housing News.

- Monday, October 16, 2017

Aarey Colony metro carshed: Activists launch Chipko movement to protect trees

The activists of Aarey Conservation Group, along with scores of people and school children, held a peaceful protest by embracing trees in Aarey Colony and appealed to the government to reconsider its decision to … READ FULL STORY The post Aarey Colony metro carshed: Activists launch Chipko movement to protect trees appeared first on Housing News.

- Monday, October 16, 2017

DICDL invites domestic, global firms to set up business in Dholera

The Dholera Industrial City Development (DICDL), a part of the government’s ambitious Delhi-Mumbai Industrial Corridor (DMIC) project, is expecting large companies in the space of defence and aviation maintenance, repair and operations, heavy engineering, … READ FULL STORY The post DICDL invites domestic, global firms to set up business in Dholera appeared first on Housing News.

- Friday, October 13, 2017

Jaypee seeks SC nod, to sell Yamuna Expressway project for Rs 2,500 crores

Jaypee Associates, on October 13, 2017, has told the Supreme Court that it has an offer worth Rs 2,500 crores for its Yamuna Expressway project and sought permission to give the project to another … READ FULL STORY The post Jaypee seeks SC nod, to sell Yamuna Expressway project for Rs 2,500 crores appeared first on Housing News.

- Friday, October 13, 2017

SC restrains Amrapali Group’s directors from leaving the country

The Supreme Court, on October 13, 2017, restrained the directors of real estate major Amrapali Group, from leaving the country without its permission. A bench headed by chief justice Dipak Misra issued notice to … READ FULL STORY The post SC restrains Amrapali Group’s directors from leaving the country appeared first on Housing News.

- Friday, October 13, 2017

Land pooling policy: DDA’s role limited to facilitator, planner

To simplify the execution of the land pooling policy, the Delhi Development Authority (DDA) will now act more as a facilitator and planner, as against the role initially envisaged for it, where the land … READ FULL STORY The post Land pooling policy: DDA’s role limited to facilitator, planner appeared first on Housing News.

- Friday, October 13, 2017

Metro essential, people should compromise during construction: Bombay HC

A division bench of the Bombay High Court, comprising chief justice Manjula Chellur and justice NM Jamdar, while hearing a bunch of petitions claiming that the construction activity for the Mumbai Metro III was … READ FULL STORY The post Metro essential, people should compromise during construction: Bombay HC appeared first on Housing News.

- Friday, October 13, 2017

Maha-Metro seeks latest tunneling technology for Pune Metro

The Maharashtra Metro is seeking the latest tunnel-boring technology, for the five-km underground route of the Pune Metro, to drill through the hard ground under a river bed, a top company official has said. … READ FULL STORY The post Maha-Metro seeks latest tunneling technology for Pune Metro appeared first on Housing News.

- Friday, October 13, 2017

NGT raps Delhi government for not filing report on rainwater harvesting

A National Green Tribunal (NGT) bench, headed by chairperson justice Swatanter Kumar, has granted a last opportunity to the Delhi government, to submit a report on rainwater harvesting systems in government buildings, bridges and … READ FULL STORY The post NGT raps Delhi government for not filing report on rainwater harvesting appeared first on Housing News.

- Thursday, October 12, 2017

Aamby Valley auction: SC irked over Sahara’s letter to cops

The Supreme Court, on October 12, 2017, took strong exception to the Sahara Group writing a letter to the Pune police, raising the issue of law and order at its Aamby Valley property, which … READ FULL STORY The post Aamby Valley auction: SC irked over Sahara’s letter to cops appeared first on Housing News.

- Thursday, October 12, 2017

GST Council to discuss bringing real estate under its ambit: Jaitley

Finance minister Arun Jaitley, while delivering a lecture at Harvard University on October 12, 2017, has said that the real estate sector should, ideally, be brought under the ambit of the Goods and Services … READ FULL STORY The post GST Council to discuss bringing real estate under its ambit: Jaitley appeared first on Housing News.

- Thursday, October 12, 2017

Shapoorji Pallonji, Allianz announce USD 500 million equity JV, aimed at office market in India

Shapoorji Pallonji Group, on October 12, 2017, announced a USD 500 million equity joint venture (JV) with Allianz AG of Germany, which marks Allianz’s first real estate transaction in India. The JV will establish … READ FULL STORY The post Shapoorji Pallonji, Allianz announce USD 500 million equity JV, aimed at office market in India appeared first on Housing News.

- Thursday, October 12, 2017

DLF, K Raheja Corp, Delhi Metro to receive Greenbuild Leadership Award

The US Green Building Council (USGBC), the creators of the LEED green building program, on October 12, 2017, announced that eight organisations are receiving the 2017 Greenbuild Leadership Awards. The awards will be presented … READ FULL STORY The post DLF, K Raheja Corp, Delhi Metro to receive Greenbuild Leadership Award appeared first on Housing News.

- Thursday, October 12, 2017

Embassy Group sells most expensive residential home in south India

Real estate developer Embassy Group, has closed the sale of one of its branded private residences, at its flagship luxury integrated development – Embassy ONE. The 30th-floor, single level unit of the new Four … READ FULL STORY The post Embassy Group sells most expensive residential home in south India appeared first on Housing News.

- Thursday, October 12, 2017

Will new benami law be given retrospective effect? HC asks tax department

The Delhi High Court, on October 11, 2017, asked the Income Tax (I-T) Department whether it intended to examine, under the new benami law, all accommodation entries made prior to 2016 when it came … READ FULL STORY The post Will new benami law be given retrospective effect? HC asks tax department appeared first on Housing News.

- Thursday, October 12, 2017

Green buildings in India deliver USD 12 in health benefits, for every USD 1 energy saved

According to a study ‘HEALTHfx’ by the Harvard University that examined LEED-certified buildings in six countries, additional health and climate benefits amounted to USD 12, for every dollar in energy savings in India. The … READ FULL STORY The post Green buildings in India deliver USD 12 in health benefits, for every USD 1 energy saved appeared first on Housing News.

- Wednesday, October 11, 2017

HC vacates previous order, allows Thane, Pune civic bodies to issue OC for new constructions

The Bombay High Court, on October 11, 2017, vacated its order prohibiting the Thane and Pune civic bodies from issuing occupancy and commencement certificates, to new constructions in some areas of the two cities, … READ FULL STORY The post HC vacates previous order, allows Thane, Pune civic bodies to issue OC for new constructions appeared first on Housing News.

- Wednesday, October 11, 2017

Residential demand unlikely to improve in 12-18 months: CRISIL

According to rating agency CRISIL, the demand for residential properties is unlikely to revive in the next 12-18 months, as the fundamental problem of lack of end-user buyers, is unlikely to change any sooner. … READ FULL STORY The post Residential demand unlikely to improve in 12-18 months: CRISIL appeared first on Housing News.

- Monday, October 09, 2017

Affordable housing sees 27% growth in January-September 2017: Cushman & Wakefield

The affordable housing sector has recorded a surge of 27 per cent, in new units launched between January and September 2017, as compared to the corresponding period last year. However, overall residential unit launches … READ FULL STORY The post Affordable housing sees 27% growth in January-September 2017: Cushman & Wakefield appeared first on Housing News.

- Monday, October 09, 2017

SC notice to government, Amrapali on plea of over 100 home buyers

A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on October 6, 2017, issued notices to the central government and Amrapali Group and sought their response within … READ FULL STORY The post SC notice to government, Amrapali on plea of over 100 home buyers appeared first on Housing News.

- Monday, October 09, 2017

NDMC proposes amnesty scheme for unauthorised constructions

The civic body of north Delhi, on October 6, 2017, proposed to bring an amnesty scheme, with some riders, for residents of buildings, where unauthorised constructions were made till December 31, 2016, its mayor … READ FULL STORY The post NDMC proposes amnesty scheme for unauthorised constructions appeared first on Housing News.

- Monday, October 09, 2017

DDA officials deliberately ignored poor construction: HC

The Delhi High Court has expressed ‘deep anguish’ over the way the officials of Delhi Development Authority (DDA) have dealt with the issue of alleged poor quality of construction of flats in Rohini in … READ FULL STORY The post DDA officials deliberately ignored poor construction: HC appeared first on Housing News.

- Friday, October 06, 2017

Delhi’s building byelaws and plans cater to builders’ interests: Expert panel to HC

A three-member expert panel, set up by the Delhi High Court to look into the menace of unauthorised construction, has expressed concern over the authorities’ failure in urban planning, to provide for the population … READ FULL STORY The post Delhi’s building byelaws and plans cater to builders’ interests: Expert panel to HC appeared first on Housing News.

- Friday, October 06, 2017

European Investment Bank to release Rs 2,293 crores for Bengaluru metro rail project

India and the European Investment Bank (EIB), on October 5, 2017, signed the finance contract for lending of 300 million euros (about Rs 2,293 crores) for the Bengaluru metro rail project’s phase-II. Phase-II of … READ FULL STORY The post European Investment Bank to release Rs 2,293 crores for Bengaluru metro rail project appeared first on Housing News.

- Friday, October 06, 2017

PMAY scheme key to ensuring affordable housing: Housing minister

The government is committed to ensuring a decent habitat for people in urban areas, particularly the poor and has taken various initiatives in this regard, Housing and Urban Affairs minister, Hardeep Singh Puri said … READ FULL STORY The post PMAY scheme key to ensuring affordable housing: Housing minister appeared first on Housing News.

- Thursday, October 05, 2017

Realty companies flay RBI, seek government booster measures

Citing surging inflation numbers, the Reserve Bank of India (RBI) left the short-term lending rates unchanged at 6 per cent, in its monetary policy review, on October 4, 2017. “In the present macroeconomic situation, … READ FULL STORY The post Realty companies flay RBI, seek government booster measures appeared first on Housing News.

- Thursday, October 05, 2017

Piramal Finance to invest Rs 280 crores, in Puranik’s project in Thane

Piramal Enterprises, through its subsidiary Piramal Finance (PFL), will invest Rs 280 crores in Puranik’s flagship project ‘Puranik City Reserva’, in Thane. “We hope that this will be a long and rich relationship with … READ FULL STORY The post Piramal Finance to invest Rs 280 crores, in Puranik’s project in Thane appeared first on Housing News.

- Wednesday, October 04, 2017

New wetland management rules are a complete disaster: Experts

The new wetland management rules notified by the centre, are a ‘total disaster’ and expose the ecologically fragile water bodies to further destruction, rather than preservation, experts have said. The central government had, on … READ FULL STORY The post New wetland management rules are a complete disaster: Experts appeared first on Housing News.

- Tuesday, October 03, 2017

Do not regularise buildings with set-back violations: Madras HC

A Madras High Court bench, comprising justice S Vaidyanathan and justice R Subramanian, made it clear that illegal constructions without set-backs shall not be regularised and if such acts were carried out by any … READ FULL STORY The post Do not regularise buildings with set-back violations: Madras HC appeared first on Housing News.

- Tuesday, October 03, 2017

Declare roads adjacent to parking sites as no-parking zones: Delhi L-G

Delhi’s Lt Governor Anil Baijal, has directed all concerned agencies to identify those stretches and declare them as ‘no parking zones’, where multi-level parking/stack parking/surface parking exists, so that traffic congestion due to unauthorised … READ FULL STORY The post Declare roads adjacent to parking sites as no-parking zones: Delhi L-G appeared first on Housing News.

- Tuesday, October 03, 2017

Centre notifies new rules for preservation of wetlands

The central government, on September 26, 2017, notified The Wetlands (Conservation and Management) Rules, 2017, which will replace the earlier set of guidelines which came into effect in 2010. The new rules seek to … READ FULL STORY The post Centre notifies new rules for preservation of wetlands appeared first on Housing News.

- Tuesday, October 03, 2017

Maharashtra, Singapore, to collaborate for greenfield airport project in Pune

Maharashtra Airport Development Company Ltd (MADC) and Singapore’s Changi Airports International Pte Ltd (CAI), will collaborate for a greenfield airport development at Pune. The two will also explore the setting up of special purpose … READ FULL STORY The post Maharashtra, Singapore, to collaborate for greenfield airport project in Pune appeared first on Housing News.

- Friday, September 29, 2017

ICICI Bank launches 1% cash-back offer for home loan borrowers

Amidst excess liquidity, the largest private sector lender ICICI Bank, on September 28, 2017, launched a mortgage product assuring borrowers a one per cent cash-back on their monthly installment payment. The product, which comes … READ FULL STORY The post ICICI Bank launches 1% cash-back offer for home loan borrowers appeared first on Housing News.

- Friday, September 29, 2017

NGT slaps fine on four builders over faulty rainwater harvesting systems

A National Green Tribunal (NGT) bench, headed by justice Jawad Rahim, has imposed an environment compensation of Rs three lakhs each on four builders, over faulty rainwater harvesting systems installed by the developers, after … READ FULL STORY The post NGT slaps fine on four builders over faulty rainwater harvesting systems appeared first on Housing News.

- Thursday, September 28, 2017

Draft policy proposes parking charges in Delhi’s residential areas

A four-member committee formed by the Delhi government, to prepare a parking policy, has come out with the draft ‘Delhi Maintenance and Management of Parking Rules, 2017’. The draft proposes to introduce charges for … READ FULL STORY The post Draft policy proposes parking charges in Delhi’s residential areas appeared first on Housing News.

- Thursday, September 28, 2017

Freebies are no longer enough to lure buyers, this festive season

Various criteria, including transparency of projects and affordability, are attracting consumers looking for buying properties this festive season, rather than the traditional freebies and schemes, experts say. “Traditionally, the festive season has been considered … READ FULL STORY The post Freebies are no longer enough to lure buyers, this festive season appeared first on Housing News.

- Thursday, September 28, 2017

Piramal Finance forays into housing finance segment

Financial services company, Piramal Finance, on September 27, 2017, announced its entry into the retail housing finance business, through its wholly-owned subsidiary, Piramal Housing Finance. The company will offer home loans, as well as … READ FULL STORY The post Piramal Finance forays into housing finance segment appeared first on Housing News.

- Wednesday, September 27, 2017

Coastal Zone Management Plan: NGT grants final chance to MoEF

A National Green Tribunal (NGT) bench headed by chairperson justice Swatanter Kumar, has pulled up the Ministry of Environment and Forests (MoEF), over its delay in submitting a detailed status report on the Coastal … READ FULL STORY The post Coastal Zone Management Plan: NGT grants final chance to MoEF appeared first on Housing News.

- Wednesday, September 27, 2017

Delhi Metro Phase-IV proposal to be sent to Ministry of Housing and Urban Affairs soon

Delhi chief minister Arvind Kejriwal met union minister Hardeep Singh Puri, on September 26, 2017 and discussed several issues, including decongestion of traffic in Delhi and the fund-sharing pattern for the Metro Phase-IV project. … READ FULL STORY The post Delhi Metro Phase-IV proposal to be sent to Ministry of Housing and Urban Affairs soon appeared first on Housing News.

- Wednesday, September 27, 2017

Colaba MLA wants MHADA to redevelop old buildings in south Mumbai

BJP MLA from Colaba Raj Purohit, on September 26, 2017, petitioned Maharashtra housing minister Prakash Mehta, asking for the redevelopment of dilapidated buildings in south Mumbai to be carried out by the Maharashtra Housing … READ FULL STORY The post Colaba MLA wants MHADA to redevelop old buildings in south Mumbai appeared first on Housing News.

- Tuesday, September 26, 2017

Madras HC orders protection to couple, whose house was locked by son’s wife

Coming to the aid of an elderly couple, whose house has been allegedly locked by their estranged daughter-in-law, the Madras High Court has directed the police to give protection to them, for entering their … READ FULL STORY The post Madras HC orders protection to couple, whose house was locked by son’s wife appeared first on Housing News.

- Tuesday, September 26, 2017

Haryana to use drones, to monitor illegal constructions

The Haryana government has decided to take the help of drones, to monitor and put an end to all illegal constructions in urban areas and their peripheries. In the first phase to be launched … READ FULL STORY The post Haryana to use drones, to monitor illegal constructions appeared first on Housing News.

- Monday, September 25, 2017

Fresh plea in SC, seeking protection of home buyers in insolvency cases

A Public Interest Litigation (PIL) has been filed in the Supreme Court by lawyer Vivek Narayan Sharma, claiming that in the new Insolvency and Bankruptcy (IB) Code, 2016, the home buyers are not included … READ FULL STORY The post Fresh plea in SC, seeking protection of home buyers in insolvency cases appeared first on Housing News.

- Monday, September 25, 2017

Interest subsidy on housing loans till March 2019, for MIG

The interest subsidy of up to Rs 2.60 lakhs on home loans under the centre’s affordable housing scheme, will now be available to middle-income group (MIG) beneficiaries for 15 more months till March 2019, … READ FULL STORY The post Interest subsidy on housing loans till March 2019, for MIG appeared first on Housing News.

- Monday, September 25, 2017

SC favours setting up of portal to address Supertech home buyers’ grievances

The Supreme Court, on September 22, 2017, ordered the setting up of a web portal, to deal with the grievances of home buyers who had booked flats in Supertech’s twin Emerald Towers project at … READ FULL STORY The post SC favours setting up of portal to address Supertech home buyers’ grievances appeared first on Housing News.

- Monday, September 25, 2017

Hyderabad Metro’s 30-km stretch likely to be operational in November 2017

The Hyderabad Metro Rail (HMR) project is expected to be operational in November 2017, on the 30-km-long stretch out of the 72-km elevated project. The project, which started in July 2012, was initially scheduled … READ FULL STORY The post Hyderabad Metro’s 30-km stretch likely to be operational in November 2017 appeared first on Housing News.

- Friday, September 22, 2017

Give flats or refund, then you can go free: SC to Unitech chief

Real estate firm Unitech’s jailed promoter Sanjay Chandra, on September 21, 2017, failed to get interim bail from the Supreme Court, which said it has to ‘equate’ the tears of thousands of home buyers, … READ FULL STORY The post Give flats or refund, then you can go free: SC to Unitech chief appeared first on Housing News.

- Thursday, September 21, 2017

Government extends affordable housing subsidy to units built on private land

The centre, on September 21, 2017, announced a new public-private partnership (PPP) policy, to boost private investment in affordable housing that allows extending central funds of up to Rs 2.50 lakhs, for each house … READ FULL STORY The post Government extends affordable housing subsidy to units built on private land appeared first on Housing News.

- Thursday, September 21, 2017

Home buyers of Amrapali move SC, seek safeguarding of their interests

Over 100 hassled home buyers, who had booked dream homes with Amrapali Group firms, on September 20, 2017, moved the Supreme Court, seeking that their interests be safeguarded by treating them as secured creditors, … READ FULL STORY The post Home buyers of Amrapali move SC, seek safeguarding of their interests appeared first on Housing News.