Lucknow: Lucknow Municipal Corporation (LMC) has sent a detailed project report regarding the infrastructure developments in the city. The state government’s scheme ‘Samagra Vikas Yojana’ would fund the infrastructure development projects of the Lucknow. The reported developments in the project…
Pune: The Pune Municipal Corporation (PMC) has declared to take actions against malls in Pune that infringe the building permission parameters.In August, the civic body announced that as per the municipal commissioner orders, the building permission as well as fire…
Delhi: Market Regulator Sebi has taken a decision which will allow listing of Real Estate Investment Trusts (REITs). The CREDAI welcomed the decision of Sebi saying that this is a positive step and it will help developers to improve their…
Mumbai: 100 acre PWD government colony situated in Bandra East, one of the biggest redevelopment projects of Mumbai has been dropped by authorities. In 2010, redevelopment of the PWD government colony was allotted to three developers at an estimated cost…
Greater Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) have decided to launch 5 new schemes which will cover residential, industrial, institutional and mixed land use plots categories. The final draft regarding the scheme will be sent to the chairman…
Delhi: In a survey conducted by Cushman & Wakefield, a demand for almost 2.8 million homes is expected to develop by 2017 in key cities of India. Top cosmopolitan cities like Mumbai, Bangalore, Pune, Chennai, Delhi, Kolkata and Ahmedabad will…
Noida: The Greater Noida Authority revoked allotments of about 1173 residential plots along with 25 industrial plots and 12 institutional plots on 8th October. The cancellation of allotments was the decisions of the Greater Noida Authority which were taken due…
Mumbai: The Bombay High Court has sent out a notification to the BMC (Brihanmumbai Municipal Corporation) stating that it cannot raise property tax without issuing a notice to the owners in this regard. The BMC had hiked property taxes without…
A French Luxury Hotel Chain, Sofitel which is handled by Accor Group is planning to launch 10 properties in the prime destinations of India.The senior Vice-President, Asia Pacific of Sofitel Luxury Hotel said that they already have one property in…
Real Estate Investment Trusts (REIT) must possess a minimum asset size of Rs. 1,000, is the latest notification sent out by SEBI (Securities and Exchange Board of India). SEBI has laid down this new guideline to ensure greater transparency in…
