Haryana CM asks DTCP to fix fire safety system in Sare Homes, Gurugram – ET RealEstate

GURUGRAM: Haryana chief minister Manohar Lal Khattar on Saturday directed the department of town and country planning (DTCP) to immediately operationalise the firefighting system in Sare Homes, a housing society in Sector 92, and recover the cost of the same from the assets of the builder. The direction came during the grievance committee meeting chaired […]

Steep hike in property tax upsets Secunderabad cantonment residents – ET RealEstate

SECUNDERABAD: Several residents are criticising SCB claiming that it has hiked the property tax as part of its triennial revision (2018-21). A group of taxpayers had even met SCB president and requested him to look into the issue as they are facing financial stress due to the pandemic. “The proposed hike ranges between 1,000 and […]

Tuition centres in Ludhiana must now get NOC according to new fire norms – ET RealEstate

LUDHIANA: Keeping in view the mushrooming of coaching centres in the city, the local bodies department has issued new fire safety norms for these centres to follow. Now, the centres are divided in three categories based on the area, and the owners will have to make arrangements accordingly. But sources said this may again remain […]

Lower home loan interest rates to continue for next 12 months: Keki Mistry, HDFC – ET RealEstate

NEW DELHI: Calling the existing home loan rates the lowest in the last four decades, Keki Mistry, vice chairman and CEO, HDFC has predicted that the the lower interest rates regime will continue for another six to twelve months that will give the best home buying opportunity for the home buyers. “The home loan rates […]

Home prices in Hong Kong fall 0.6% in October – ET RealEstate

HONG KONG: Private home prices in Hong Kong eased 0.6% in October, weighed down by a bigger drop for large apartments, official data showed on Thursday. The fall last month compared to a revised 0.4% gain in September, according to data from the Rating and Valuation Department. Prices have risen 0.4% so far this year. […]

IKEA investment arm in talks to buy commercial properties in European cities – ET RealEstate

STOCKHOLM: IKEA‘s Ingka Investments is in talks to buy commercial property in prime locations in several big European cities after it finalised its first-ever such acquisition last month, its managing director said. The investment arm of Ingka Group, which owns most IKEA stores, is pushing into the real estate market as part of IKEA’s shift […]

Gurugram: DTCP denies completion papers to Malibu Towne – ET RealEstate

GURUGRAM: The department of town and country planning (DTCP) has denied a completion certificate to Malibu Towne as the developer failed to complete construction of community sites. The township has around 16 approved community sites, of which only 11 have been constructed so far. Malibu Towne has been mired in controversy for a host of […]

Reliance Nippon Life Insurance leases 40,000 sq ft at Adani Inspire in BKC – ET RealEstate

MUMBAI: Reliance Nippon Life Insurance (RNLI) has taken a 40,000 sq ft space on a five-year lease at an Adani Realty project in the BKC business district to house its corporate headquarters, officials said on Wednesday. Rental details of the transaction, one of the largest in recent times, were not immediately available. “RNLI has signed […]

Lucknow’s Gomti Nagar railway station new design approved: RLDA – ET RealEstate

NEW DELHI: The Gomti Nagar Railway Station, which is being reconstructed by the Rail Land Development Authority (RLDA), will soon be a reality as its design has been approved by the Indian Institute of Technology-Delhi (IIT-Delhi) with RERA registration. The RLDA is working on the reconstruction of the Gomti Nagar Railway Station in Lucknow in […]

‘To-let’ boards abound in Vijayawada as tenants move to outskirts – ET RealEstate

VIJAYAWADA: House rents in Vijayawada seem to have come down following the pandemic outbreak. Sights of to-let boards have become quite common as people move to the outskirts where rents are lower as job losses have impacted incomes. Vijayawada saw a sudden spike in house rent in 2015. Two and three-bedroom houses saw a huge […]