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…
Indian Railways plans elevated high-speed tracks for faster Inter-city trains
The national transporter Indian Railways is readying a plan to build elevated high-speed tracks for running passenger trains on popular routes such as Delhi-Jaipur, Mumbai-Pune, Bangalore-Chennai and Delhi-Amritsar via Chandigarh. This will require investment of around Rs 150-160 crore per kilometre through…
Construction of prefabricated shelters begins in Joshimath
The Central Building Research Institute (CBRI) on Monday started the construction work of one, two and three BHK prototype prefabricated shelters on the land located near Horticulture Department, Herbal Research and Development Institute (HDRI) for displaced families in subsidence-hit Joshimath in Uttarakhand….
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…