Real Estate News India

  NEW DELHI: The SDMC (South Delhi Municipal Corporation) demolished 8 gates of residential colonies in Safdarjung Enclave and Green Park Extension. A day after that the South Delhi civic agency on Saturday said that notices would also be issued to other colonies asking them to follow norms    An official of SDMC said, “We will do a survey of other areas and issue notices to RWAs/residents to obtain permission from the traffic police and NOC from the fire department. If norms are still not followed, gates will be removed from other colonies as well. Also, it will be ensured that the colony gates remain open for the general public during daytime. ” Adding to his statement, “In case of the two neighbourhoods, the matter was discussed with the residents before taking the action. Some residents had earlier complained about the gates remaining closed during the daytime. ” On Saturday, the RWA members of Green Park Extension met the south zone’s deputy commissioner. Neha ...

  AHMEDABAD: Stated by the CAG despite Rs 35 Crore being unsused ,the government has failed to launch a housing scheme for the salt workers and there was lacking and negligence for taking up the welfare schemes. The report further stated that even after long 5 years there is no housing scheme been launched and the salt workers have to build temporary huts or shelters as they stay in remote locations. Adding the adversity they have to face harsh weather conditions as well.   In October 2010, the industries and mines department has laid standard terms of salt leases and it doesn’t state any condition where the lease holders should be providing with proper houses and medical facilities to salt workers. In Surendranagar, due to lack of planning and co-ordination among the departments no water supply scheme was planned.   Various schemes like The Vira-Sanghad Water Supply Scheme in Kutch district and Vallabhipur Zone Water Supply Scheme (VZWSS) and Bhavnagar-Ghogha wat...

  Greater Noida: Sector-18 is been reserved for affordable housing by the Yamuna Expressway and a plot of around 12.35 acres has been selected for the same. Along the highway, multiple industrial clusters are being planned and for long it is felt the need to have proper accommodation for workers. YEIDA CEO Arunvir Singh said, “We will go through the models being followed in other industrial townships. Since many workers migrate to big cities in search of green pastures, rental housing is also gaining traction. We want to create a sustainable township.” Along with this he mentions that they have asked private firms to come ahead to share ideas and design concepts for the affordable units. A take off in the industrial activity is expected by YEIDA in coming 2-3 years. Thus, affordable housing units will be required for people engaged in such units. The authority will share the details of the scheme along with the possession timeline to the firm planned in the area. Some schemes...

  PUNE : With the decision of hike in the maintenance fee by several housing societies made residents upset and unhappy.     Rupali Naik, resident of  NIBM road said, “We have suffered pay cuts and we’re trying to make ends meet in a limited budget. Though the income had reduced, bills have not. From this month, the management committee of our housing society has also increased the maintenance fee by 10%.”   “I thought that the society is overcharging me but I found out that these are additional costs for sanitation that will be added to the maintenance charge. We don’t know whether it will be for the next few months or more. They have said that it is a temporary increase. In addition, we also have to pay for regular checkups for domestic help and security staff,” said by Wanowrie  resident Rahul Agarwal said,   “Living in a housing society is getting very expensive. This year, the rent has been increased because the flat owner has to pay th...

  BENGALURU: A deal worth Rs 700 Crore between Godrej and Century Group took place. The real estate focused private equity arm of Godrej Group i.e. Godrej Fund Management  ( GFM ) bought a land parcel in north Bangalore.  Godrej FM on this new land area would develop a new commercial property of 700,000 Sq.ft that will shake the Bangalore’s property market.     “Century has sold a part of the 2.4 mn Sq. ft office land and is looking to divest some land parcels and raise equity to generate liquidity,” said people aware of the deal. Under the Rs 3,200-crore Godrej Build to Core-I’ (GBTC-I) fund this investment has been undertaken. GFM has two funds—$450 million Godrej Build to Core and a $150 million  Godrej Office Fund . Jointly if both the funds are invested they can develop office assets valuing over $1 billion. “Century is in talks with Godrej Fund to monetise 15 acre land in North Bangalore as part of the land monetisation drive. The f...

  CHANDIGARH: A proposal of Chandigarh Housing Board (CHB) has been rejected by the employees of UT administration to build 11-storey tower under the housing scheme 2008.        As directed by the Central Government, under the scheme different proposals were being explored by the administration for the flats construction. Also, in recent times the administration recalculated the flat rates that are to be build for different categories as directed by the Centre.   The proposal by the board to build 11-storey tower with increased FAR (Floor Area Ratio) and the allottee will only be charged for the flat’s built-up area instead of the total area of the project, which includes land for road and green belt. Dr. Dharmender, General Secretary of UT Government Employees Housing Welfare Society stated that this proposal will delay the project. Along with this, UT plans to construct an 11-storey tower to adjust almost 4,000 allottees will create mess and nu...

  As Ola looks forward for its expansion across the city and consolidate its various offices, has decided to lease over 4.25 Lakh Sq.ft of office space in Bengaluru. This new facility will have over 4000-5000 employees set up and will come up in Prestige Startech in Koramangala, Bangalore.      The leasing will be done for around 15 years with 15% rental escalation every three years. As per the source aware of the deal, “Ola currently operates out of 6-7 offices spread around 2.5 lakh sqft in Bangalore and will now move into one property as it looks to save cost.” Ola will be operating their existing business including financial service at the centre and will also undertake the expansion of the electric mobility business for the firm. Another source person quoted that, “This is the largest real estate office deal post the lifting of lockdown.” Ola yet has not responded to the detailed mail sent by Economic Times, whereas Knight Frank who brokered the d...

  During the unfortunate landing of the pandemic created havoc in all the industry. No, sector was left untouched and unaffected. Recently on Saturday, in BHOPAL: our Prime Minister Shri Narendra Modi stated that the earlier 125 days were consumed to build houses under the Pradhan Mantri Awas Yojana  (PMAY-Gramin), which now have reduced to an average time of   just 45-60 days as the migrants who returned home because of the pandemic contributed towards it.   Adding further to it, during the corona virus period 18 Lakhs houses have been constructed under the PMAY in the country.   He also stated that there is need to strengthen the poor population of our country in order to bring poverty to end.   Under the PMAY scheme, rural parts of Madhya Pradesh have celebrated a virtual housewarming ceremony of 1.75 house built where Narendra Modi addressed by saying, "The speed with which these houses were constructed is a record. The construction of a h...

  MUMBAI: In 2017, almost 1,500 families lost their houses that lived at Cuffe parade’s Ambedkar Nagar. Their hutments were demolished as they apparently came up on mangrove land. But, now they can expect some sense of relief as a committee for the rehabilitation is set up by the Maha Vikas Aghadi Governement that will evaluate and examine what they can do the best. They will look in whether the slum dwellers can be rehabilitated in a Slum Rehabilitation Authority  (SRA) project in neighbouring Ambedkar Nagar or could be provided with houses at any another location. On Thursday, orders were issued by the State’s Revenue and Forest department to form a rehabilitation committee which will be headed by SVR Srinivas, Principal Secretary (Housing) so as to check the eligibility for these slum dwellers rehabilitation. Along with Srinivas, Milind Mhaiskar (Principal Secretary, Forests), Satish Lokhande (SRA CEO) and Rajeev Nivatkar (Mumbai City Collector) are also part of the commi...

Tribeca Yoo is the first residential offering of Tribeca Developers in sector-150, Noida. The developer is coming up with luxurious residential apartments in Joint Venture with Lotus Greens. Offering 3 and 4 BHK apartments, the project spreads across 9.36 acres of land and is coming up with 8 towers. The developer is using premium construction technology for designing Vastu-friendly layouts that offer a scenic and green view of sector-150, a beauty rare to experience in a metropolitan city. A RERA registered project is coming up with modern amenities and top-of-the-line security systems. Moreover, residents will get easy access to premier education and healthcare facilities owing to the presence of reputed institutions nearby. Slated as an extravagant premium housing project, Tribeca Yoo Noida encompasses 3, 3.5 and 4 BHK apartments in spacious sizes. The sizes of apartments are 1500, 1800 and 2200 square feet. Engineered with perfection and handcrafted with luxury, these home...

Antriksh Golf City will give you a golden opportunity to live your life in your own unique manner. The leading residential project by Antriksh Group in sector-150 Noida is coming up with luxurious and eco-friendly 2, 3 and 4 BHK apartments amidst prolific greenery. Spread over 20 acres of land, the group offers the apartments in the sizes ranging from 1025 square feet to 1665 square feet. It is a low-density project with 536 units in 7 high-rise towers.   The project is located in the heart of the city i.e. in sector-150, touted as one of the greenest sectors of Noida and the first no overhead wire zone. The reputed builder, Antriksh Group, has roped the best talents of the real estate sector to come up with meticulously planned living spaces. Surpassing contemporary and modern standards, Antriksh Golf City Noida is dotted with well-ventilated and well-lit living spaces fitted with superior quality of downhill and grilling. These apartments have lavish floor to floor heigh...

Samridhi Daksh Avenue , a new creation by Samridhi Realty Homes Pvt Ltd., is one of the most awaited residential projects in sector-150, Noida. Designed to offer a high standard of living amidst verdant greens to residents, the project offers the finest quality of 3, 4 and 5 BHK apartments in various configurations. A RERA registered project is coming up with 7 towers that are well-equipped with high-speed lifts and well-connected with the covered parking area in a basement. The premium residential property is coming close to suburbs of Noida-Greater Noida Expressway from where schools and hospitals are located at a close distance. There are very projects in sector-150, Noida that are offering 5 BHK apartments. The USP of Samridhi Daksh Avenue sector -150 is it is coming up with 5 BHK apartments in a spacious configuration of 2768 square feet (carpet area). The 3 and 4 BHK apartments are available in multiple sizes starting from 1059 square feet to 1640 square feet approximately...

Antriksh Grand View is the latest offering all Antriksh Group in sector-150, Noida. The group is offering Golf-facing apartments in 3 BHK configurations at one of the best locations to live in Noida i.e. in sector-150. The residents will experience a new benchmark in a vibrant and healthy lifestyle after indulging in an array of sports and entertainment activities. Moreover, the location of the project will bring relief from traffic chaos as the project is well-connected with expressways, metro, schools and hospitals. It is a RERA registered project with environment-friendly construction and Vastu-compliant layouts ensuring energy-efficient designs with natural lighting and free flow of air. Spans across 5 acres of land, the residential property is coming up with 3 BHK apartments with servant’s room and 3 toilets. The sizes available in Antriksh Grand View Noida are 1860 and 2250 square feet. To woo the prospective homebuyers, the developer is offering split air-conditioned in...

Godrej Royale Woods Review Residential Project By Godrej Properties in Devanahalli, Bangalore. The project is and it is offering 2 and 3 BHK apartments in the sizes available from 640 to 1110 square feet. The project encompasses 6 intelligently planned towers spread across 13 acres of land. Despite such a vast area, the construction will take place only 20% of land whereas the lion’s share is reserved for central greens and open spaces. The project is strategically coming close to Kempegowda International airport with the presence of social and civic amenities at an approachable distance. It is not surprising if you experience facilities in beyond expectations. The primary reason is one builder that always comes up with state-of-the-art amenities in its residential projects. The amenities are designed thoughtfully so that people of all age groups can connect with them and enjoy them in their leisure time. Some of those amenities are gymnasium, swimming pool, indoor e-zone g...