Godrej Properties keen on redevelopment projects in Mumbai
Mumbai: With redevelopment becoming the in thing in the real estate sector, realty player Godrej Properties (GPL) plans to expand its project portfolio in this segment, a top company official said.
“Mumbai requires a large number of redevelopment projects especially… Continue reading
Rental housing projects stuck since Sept
: The State Level Expert Appraisal Committee (SEAC) has either rejected or put on hold all rental housing proposals placed before it for the mandatory green nod, citing the massive density arising out of the very nature of such mass… Continue reading
Government sets up a panel to help realty projects work faster
Competition Commission of India
NEW DELHI: The government has set up a committee to streamline the approval procedures for real estate projects in the country, a move that will help fast-track projects and cut cost overruns for builders and buyers.… Continue reading
Builders can avail ECB only for low-cost housing projects: Government
NEW DELHI: The government will allow builders to raise overseas debt only for projects where 90% of the units are for low or middle-income groups, according to a senior official in the ministry of housing and poverty alleviation. The official… Continue reading
Govt permits ECBs for affordable housing projects
New Delhi: The government today allowed external commercial borrowings (ECBs) for low-cost affordable housing projects, to make available additional houses for the low-income groups in major cities and towns.
“In view of the shortage of housing for low-income groups in… Continue reading
45% housing projects in NCR, Mumbai, B’lore facing delays
New Delhi: A large number of housing projects being developed in the national capital region, Mumbai and Bangalore are facing significant delays due to the paucity of funds and lack of demand, according to property research firm PropEquity.
The study,… Continue reading
Dutch firms to conduct pre-feasibility study on reclamation-related projects
Mumbai: Following a letter from the Netherlands consulate, the Mumbai Transformation Support Unit (MTSU) has proposed a few Dutch companies be given the mandate for preparing the pre-feasibility report for four crucial reclamation-related projects and policies.
The MTSU, a World… Continue reading
Congestion, builders� disinterest stall redevelopment projects here
displays the worst possible congestion and lack of sanitation. Having the highest number of decades-old slum and chawl settlements made up of old, dilapidated and cessed structures closely packed against each other, lack of redevelopment projects is the biggest concern… Continue reading
Reliance Industries, Indiabulls construction projects under scanner for green norms violation
Mumbai: The State Expert Appraisal Committee (SEAC) has picked on two major construction projects for carrying out work without obtaining environment clearance (EC).
The projects include the commercial tower-cum-parking lot that is being jointly developed by Reliance Industries and Wadhwa… Continue reading
Sobha Developers launches two projects in Chennai
Chennai: Bangalore headquartered Sobha Developers Limited today announced their foray into Chennai residential market launching two ventures with a combined project size of over Rs 400 crore.
Company Managing Director J C Sharma announced the launch of Sobha Merrita and… Continue reading