CHB asks Punjab and Haryana governments & PGI for 25% payment for flats – ET RealEstate

CHANDIGARH: Punjab, Haryana and the PGI, which demanded the costliest flats for their bureaucrats and doctors at the IT Park, have now received a letter from the Chandigarh Housing Board (CHB) for 25% payment. Building these eight to 10 residential towers will cost Rs 500-to-600 crore. Sources in the UT administration said each tower of […]

DDA proposes maximum FAR of 300 on land meant for rehabilitation of squatters – ET RealEstate

NEW DELHI: Seeking to make Pradhan Mantri Awas Yojana financially viable and feasible, the DDA on Tuesday proposed to allow a maximum floor area ratio (FAR) of 300 on the remunerative component of any land area meant for rehabilitation of squatters, with a flexible mix of uses, officials said. The existing provision in Master Plan […]

Rajasthan: Government beats private sector in launching housing schemes – ET RealEstate

JAIPUR: During pandemic, more housing colonies were launched by the government as compared to those in the private sector in the state. The trend could be seen in the Real Estate Regulation Authority (RERA), Rajasthan, registrations in August. While 18 colonies were registered by government agencies, private players listed 14. The total registrations in August […]

Godrej Properties to acquire 20-acre land parcel in Kalyan near Mumbai – ET RealEstate

MUMBAI: Godrej Properties, realty development arm of the Godrej Group has entered into an agreement to acquire a 20-acre land parcel in Kalyan near Mumbai. The company is planning residential development on the plot and expects around 1.5 million sq ft saleable area. The project will comprise primarily residential apartments of varied configurations with a […]

West Bengal CM announces housing programme for tea workers – ET RealEstate

KOLKATA: West Bengal Chief Minister Mamata Banerjee on Tuesday announced a slew of measures for the people ahead of the 2021 state assembly polls and said that her government will build brick houses for at least 3,694 workers in seven sick tea gardens in Jalpaiguri and Alipurduar districts under the ‘Chai Sundari‘ scheme. Banerjee, in […]

Mumbai: BMC plans to demolish ‘dangerous’ buildings in GTB Nagar – ET RealEstate

MUMBAI: The BMC has issued notices to residents of Punjabi Colony in GTB Nagar asking them to move out immediately as the buildings are in dangerous condition and need to be demolished. But many residents are refusing to leave as they don’t have alternate accommodation and cannot afford to pay rent. The BMC has cut […]

Pay 1-3% extra for choice of flat in Delhi development authority localities – ET RealEstate

NEW DELHI: Landing a Delhi Development Authority (DDA) flat is nothing less than winning a lottery, more so if you get a flat in an area of your choice. While applicants can mark three preferred locations, they cannot pick a particular one. DDA’s Housing Scheme 2020, however, could be a first in this regard. Sources […]

CCI approves acquisition of RMZ’s commercial assets portfolio by Brookfield – ET RealEstate

NEW DELHI: Fair trade regulator CCI on Tuesday approved the acquisition of realty firm RMZ‘s commercial assets portfolio and co-working business by global investment firm Brookfield. According to the information filed with the regulator, the deal involves the acquisition of certain real estate projects housed in RMZ Infotech, RMZ Galleria (India), RMZ North Star Projects, […]

Hong Kong’s TEC leases one lakh sq ft office space in Mumbai, Bengaluru – ET RealEstate

NEW DELHI: Hong Kong-based The Executive Centre (TEC), which provides premium serviced office space, has taken on lease one lakh sq ft of office space in Mumbai and Bengaluru to expand its business in India despite COVID-19 pandemic, a top company official said. TEC entered India in 2008 with its first property in Mumbai. At […]

Kolkata: Army recommends CBI case after housing project inquiry – ET RealEstate

A curious case of tilted buildings in a housing project in Kolkata has found its way to the Central Bureau of Investigation, after an army inquiry hinted at the possibility of a nexus between the contractor and officials in charge. Constructed under the Married Accommodation Project (MAP), the buildings were found to have faulty foundations, […]