More than 13,000 houses damaged in flood across Karnataka – ET RealEstate

HAVERI: Over 13,500 houses were damaged in the devastation wrought by the flood the state witnessed in August and September. In accordance with the rules of the National Disaster Management Authority (NDMA), the central government has disbursed Rs 35.5 crore in compensation to those who have borne the brunt of the disaster. Incessant rain left […]

Mumbai: 140-yr-old chawl’s claim for damage by metro denied – ET RealEstate

File photo MUMBAI: Bombay high court dismissed a petition filed by residents of two 140-year-old Girgaum buildings alleging that ongoing underground work for the Mumbai Metro project had led to structural cracks and put occupants at serious risk. The HC, on October 22, noted there were disputed questions of facts as the Mumbai Metro Rail […]

Eleven villages in Gurugram district become Lal Dora-free – ET RealEstate

GURUGRAM: Eleven villages in Gurugram district of Haryana have been declared ‘Lal Dora-free’ as a Survey of India team has completed its survey there, officials said on Friday. In the second round, a survey and mapping of 49 villages in Sohna Tehsil has been started under a pilot project on land ownership plan in Gurugram […]

Mumbai property registrations see sharp recovery in October; up 36% YoY – ET RealEstate

Residential property sales in Mumbai, the country’s hottest property market, has registered a sharp recovery with an over 36% on-year jump in October led by the stamp duty reduction and discounts offered by realty developers. In an indication of a robust revival from pre-Covid level, the registration of apartments rose 34% from levels witnessed in […]

Noida Authority GM inspects five sectors after RWAs highlight infra issues – ET RealEstate

NOIDA: Noida Authority GM Rajeev Tyagi visited sectors 50, 47, 28, 29 and 37 where RWAs demanded unsold shops be put on rent to facilitate local market, a bus shelter, a clubhouse, cleaning of vacant plots, repair of boundary wall and connecting small drain to the big drain in sector 47, FOB at sector 28 […]

Greater Noida development body launches scheme for commercial plots – ET RealEstate

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Thursday launched 14 commercial plot schemes and 11 fuel petrol/diesel/CNG/electric vehicle charging) station plots including space for retail outlets and ATMs. A commercial plot scheme has been launched for interested builders, developers and investors which will be allotted by E-auction. This scheme will be floated […]

SC gives green signal for Technopark Phase III works in Thiruvananthapuram – ET RealEstate

THIRUVANANTHAPURAM: The construction works of Downtown project as part of Technopark Phase III development is set to resume with the Supreme court disposing of appeal petition on alleged reclamation of wetland by stating that the petitioner can file appeal in accordance with the law. Thomas Lawrence, the petitioner, had approached the Supreme court citing that […]

Residents in Pune against handing amenity spaces to builders – ET RealEstate

PUNE: Resident associations from across the city are readying to fight the civic body’s proposal to lease amenity space to private builders for development. At least eight resident associations submitted protest letters in this regard to municipal commissioner Vikram Kumar this week. Citizens for Area Sabha, a citizen’s body, has also started an online petition […]

Rahul Bajaj’s nephew Anurang Jain buys Rs 39 crore flat in South Mumbai – ET RealEstate

MUMBAI: After picking up two luxury apartments in an upcoming project on South Mumbai Carmichael Road for Rs 100 crore in one of the largest residential transactions this year, Anurang Jain, managing director of auto component maker Endurance Technologies has bought one more apartment in the same tower for Rs 39 crore. This purchase is […]

WeWork aims to become profitable in 2021 globally: Sandeep Mathrani, CEO – ET RealEstate

NEW DELHI: Co-working major WeWork will focus on achieving profitable growth globally, including in India, in 2021 by increasing the occupancy level of its real estate portfolio, the company’s CEO Sandeep Mathrani said. Further, Softbank backed-WeWork will revisit its plan to launch an initial public issue (IPO) only after it becomes profitable, said Mathrani, who […]