NRI businessman Jai Mahtani buys flat in South Mumbai
Non-resident Indian businessman Jai Mahtani has bought a sea-view luxury apartment in JSW Realty’s super-premium project Morena House in South Mumbai’s plush Carmichael Road for Rs 83.37 crore. The deal for the apartment, spread over a carpet area of 5,211 sq ft, is valued at around Rs 1.60…
CHB to come up with two different housing schemes
The Chandigarh Housing Board (CHB) will now come up with two different ‘Sector 53’ housing schemes. The first will comprise three-bedroom (3-BHK), two-bedroom (2-BHK) and two-room flats, while the second will have four-bedroom (4-BHK) flats only. The decision was taken in the…
BBMP to organise Khata mela from Feb 3-5
Good news awaits property owners waiting to get khata certificates from the Bruhat Bengaluru Mahanagara Palike (BBMP). The agency is geared up to organise a three-day ‘khata mela’ from February 3 to 5. “We are expecting to generate a revenue of Rs…
GCDA to launch software based system for rent collection
In a first, Greater Cochin Development Authority (GCDA) will soon launch a software-based system for collecting and managing rents of its shops and building complexes. Rent collection of GCDA has been a mess over these years and according to some of the officials, there…
K Raheja Corp & Modern India ink pact to develop 1-million-sq-ft project
K Raheja Corp’s residential development arm K Raheja Corp Homes has entered into an agreement to develop a 1-million-sq-ft luxury housing project spread over 3-acre prime land parcel in South Mumbai’s Mahalaxmi locality. The project will be developed through an agreement for sale…
Over one lakh illegal buildings in Hyderabad sit on tinderbox
Twenty days into the new year and the city has already seen two major accidents pertaining to illegally constructed buildings. The first was the January 7 slab collapse of an under-construction building in Kukatpally, which killed two workers. The latest…
Decide on pending green nod pleas for realty projects in eight weeks
In a major relief to large number of real estate projects stuck for long as the State authority has been deferring pleas for environmental clearance (EC) citing a September 2022 NGT order, Bombay high court on Friday directed State Environment…
Urban development department to probe BUDA scam
District minister said the alleged scam of Belagavi Urban Development Authority(BUDA) in auctioning sites will be probed by the senior officials of the urban development department. Addressing the press conference after hoisting the tricolour at the district stadium here on…
BBMP scraps OC of Sobha City for submitting fabricated documents
The BBMP has cancelled the occupancy certificate issued to a 2,000-unit apartment complex on Thanisandra Main Road in north Bengaluru. The urban planning department of the civic body in its order stated that Sobha Limited had obtained the OC for…
Real estate expects favourable announcements from Budget 2023
The real estate sector anticipates that the upcoming Union Budget 2023-2024 should support demand creation and drive a sustained growth cycle. With an impressive growth trajectory last year, India’s real estate market is now looking forward to the favourable announcements…