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Monthly Archives: June 2018

ADA

Over 500 property files missing from records of Agra development body

Earlier, ADA had conducted satellite mapping of all the properties under its jurisdiction, and begun the process of computerising property records. For this, data...
Smart City

Smart City works to begin within 3 months

In Kochi, the authorities have designed Rs 2,076 crore worth projects under Smart City and converging other centrally-sponsored projects like Atal Mission for Rejuvenation...
MahaRERA

MahaRERA affirms right to decide pre-act cases

The developer had argued that since the cancellation was executed prior to the real estate regulator’s coming into force on May 1, 2017, there...
JLL

Top eight cities’ office leasing deals rise 60% in five years: JLL

While only about 820 lease transactions in grade A buildings were recorded in 2013, the number reached close to 1,300 in 2017, showed JLL...
sand

Sand imported from Malaysia helps tide over dire shortage in Mysuru

A sand trader said, "Malaysian sand is sold for around Rs 3,900 to Rs 4,000 per ton in the city. Imported sand is new...
MahaRERA

MahaRERA to provide skilled work force certification

The authority will certify trainers to train workers for the real estate industry. MahaRERA chief Gautam Chatterjee said the training will help the labour...
sea link project

Rs 2,500 crore premium from extra FSI to fund Bandra-Versova sea link

The sea link project, which is part of the ambitious 39km coastal road being implemented by the BMC, is being executed by the Maharashtra...
Rera

New IBC ordinance whittles down RERA powers: MahaRERA Chief

City-based consumer body Mumbai Grahak Panchayat (MGP) also echoes similar views, saying it would have been better if the government empowered Rera itself since...
Global City

Over 800 oustees of Gurugram’s Global City project get alternative plot allotment letters

Around 870 land owners, whose plots had been acquired for the long-stuck Global City project, were issued letters qualifying them for allotment of alternative...
Real estate

Property investment in China rose 10.2% year-on-year in Jan-May

Real estate investment in China rose 10.2 percent in the first five months of 2018 from a year earlier, official data showed on Thursday. That...
WBHIRA

‘Deviations in WBHIRA from RERA may dilute impact: ICRA

The West Bengal Housing Industry Regulation Act (WBHIRA), which was notified recently, deviates from certain key provisions of the Real Estate (Regulation and Development)...
Kochi Metro

Kochi Metro to lease out 70% of commercial space

Kochi Metro authorities are expecting that at least 70% of the total commercial space in Metro stations would be leased out within two months,...
parent documents

Parent documents mandatory for land registrations in Tamil Nadu

Three days after mandating parent documents for registering properties, the registration department has eased the process. Now, the sub registrar offices will accept statement...
Essel Infraprojects

Essel Infraprojects Ltd. bags three Waste to Energy projects in Andhra Pradesh; Hitachi Zosen...

Essel Infraprojects Limited (EIL) an enterprise of Shri Subhash Chandra led Essel Group, has bagged three Waste to Energy (WtE) projects in the cities...
My Space Pavilion

Sundowner at Rustomjee Paramount

The My Space Pavilion at Rustomjee Paramount came alive creating just the right ambience for the Vertigo Sessions Sundowner Edition presented by Rustomjee &...
Slums Act

Maharashtra government rapped over move to acquire private plot in Powai

In a landmark order protecting the rights of private land owners, the Bombay high court on Wednesday struck down the Maharashtra government’s decision to...
Jewar

UP cabinet nod to joint venture company for Jewar airport

The UP cabinet has approved formation of a joint venture company to build proposed airport at Jewar and given its final nod to the...
monetising

Tatas may monetise infra, realty assets in recast of units

The Tata Group is looking at monetising income-producing assets worth Rs 800-1,000 crore of two companies as it restructures its infrastructure and real estate...
Smart City

Tamil Nadu grants more power to SPV to speed up smart city projects

Coimbatore Smart City Limited will soon be able to sanction projects up to Rs 15 crore, thanks to a decision by the state government...
dilapidated condition

Twenty-five buildings in Sion in dilapidated condition: BMC tells Bombay HC

Twenty-five buildings in Sion, which house Partition refugees from Pakistan, are in a dilapidated condition and the lives of 6,000 people are in danger,...

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