Over 52 lakh houses delivered, 83.36 lakh grounded for construction under PMAY-Urban – ET RealEstate

NEW DELHI: Around 52.55 lakh houses have been completed and delivered under the Pradhan Mantri Awas Yojana-Urban and 83.36 lakh houses are currently grounded for construction, the government told the Rajya Sabha on Monday. In a written reply to a question, Minister of State for Housing and Urban Affairs Kaushal Kishore said states and Union […]

Pune: Owners’ wait for Gunthewari plan launch continues – ET RealEstate

PUNE: Residents willing to get their properties legalised through Gunthewari will have to wait longer as the special software used is not ready yet. “Applications are not being processed now. The works to develop a dedicated software are underway and will be completed soon,” said Yuvraj Deshmukh, a senior official of the Pune Municipal Corporation […]

Noida: 1,822 Jal Vayu Vihar residents still don’t have voting rights – ET RealEstate

Representative image NOIDA: A meeting to discuss voting rights for nominal members of the Jal Vayu Vihar society remained inconclusive in the absence of a quorum on Monday. The impasse between two sections of residents — one who has voting rights and another who doesn’t — is likely to have a binding effect on the […]

ABL Workspaces raises Rs 15 crore in Series A round from Ethik Inc – ET RealEstate

NEW DELHI: ABL Workspaces, a flexible working space provider, has raised a funding of Rs 15 crore from Canada-based Ethik Inc in Series A funding round, the company said in a media release. The fresh capital is raised with the intention to expand its seating capacities and centers from 2,470 to 15,000 by March 2023 […]

Shapoorji Pallonji’s Joyville to invest Rs 300 crore to build 750 apartments – ET RealEstate

NEW DELHI: Shapoorji Pallonji‘s housing platform Joyville will invest around Rs 300 crore to develop new phases, comprising around 750 flats, at its three residential projects in Pune, Mumbai and Kolkata to encash rise in demand. Joyville, which is a Rs 1,240-crore platform established by business conglomerate Shapoorji Pallonji, ADB, IFC and Actis, has so […]

RPS Group to invest Rs 600 crore to build World Trade Centre in Faridabad – ET RealEstate

Representative Image NEW DELHI: Realty firm RPS Group on Monday said it will invest around Rs 600 crore to develop a commercial project World Trade Centre, comprising one million square feet area in Faridabad, Haryana. The company has tied up with infrastructure firm Viridian RED group for this purpose, Faridabad-based RPS group said in a […]

Adityapur: Lens on business units operating from residential buildings – ET RealEstate

JAMSHEDPUR: A large number of residential houses under Adityapur Municipal Corporation (AMC) in Seraikela-Kharsawan district are being let out for commercial purposes, which is denting the revenue generation of the civic body. Officials have now started a survey to find out exactly how many such cases are there where owners of buildings are paying tax […]

Gurugram: Housing projects to gensets, GRAP violations continue to attract fines – ET RealEstate

File photo GURUGRAM: Haryana State Pollution Control Board (HSPCB) imposed a penalty of Rs 25 lakh on a housing project in Sector 103 on Sunday for continuing construction activities violating the National Green Tribunal and the Graded Response Action Plan guidelines. The action was a part of its drive to ensure a complete construction ban […]

Mumbai: Metro 2A & 7 may be operational by February 2022 – ET RealEstate

File photo MUMBAI: Mumbai Metro lines 2A and 7, which promise respite to commuters from the Western suburbs, are expected to become partially operational before February and the entire corridor is expected to be open by July 2022. Metro 7 line will run from Dahisar to Western Express Highway, Andheri, and 2A from Dahisar to […]

RWAs urge housing ministry to give them constitutional status – ET RealEstate

HYDERABAD: Residential welfare associations (RWAs) across states have urged the Ministry of Housing and Urban Affairs (MoHUA) to grant constitutional status to RWAs. They have asked to be treated as the ‘fourth tier’ of governance. The plea came up in the 8th National Conference of Resident Welfare Associations (NCRWA) organised on November 23 and 24 […]