PMAY flats to be available on rent in Indore – ET RealEstate

Representative Image INDORE: After failing to attract buyers, the Indore Municipal Corporation (IMC) is now going to make residential units constructed under the Pradhan Mantri Awas Yojana (PMAY) available on rent. The civic body, in view of managing maintenance cost of these units, is going to make as many as 168 flats constructed at Budhaniya […]

Indore: 15 housing societies under lens – ET RealEstate

INDORE: Tightening noose around land mafia, Indore district administration has identified 15 cooperative housing societies, against whom multiple complaints of fraud have been filed. “As part of ongoing crackdown against land mafia and after taking strict actions including lodging FIRs against 18 persons including Deepak Jain alias Dilip Sisodia alias Madda and Surendra Sanghvi, we […]

Indore: Satellite Valley Township residents left without power as builder didn’t pay bill – ET RealEstate

INDORE: More than 150 families of Satellite Valley Township in Indore are living without electricity for the last 10 days because the townships’ builder did not pay electricity department for a long time despite collecting the amount from the residents. Gaurav Kothari, a resident of Satellite Valley Township, located in Mirzapur village on the Indore […]

Pandemic curbs demand for commercial spaces in Indore – ET RealEstate

INDORE: A slump in sales post outbreak of Covid-19 and high rentals have led many retail stores and food joints to vacate commercial spaces to save on mounting liabilities that run in lakh per month. While many franchise owned businesses mostly into the financial sector have terminated the rental contract in between amid a decline […]

ADB approves $270 million for urban services improvement in Madhya Pradesh – ET RealEstate

MANILA: The Asian Development Bank (ADB) has approved a 270 million dollar (about Rs 1,988 crore) loan for the construction of water supply and integrated storm water and sewage management infrastructure in Madhya Pradesh. The loan is an additional financing intended to scale up the scope of the Madhya Pradesh urban services improvement project which […]

Madhya Pradesh to get tenancy act to regulate home rentals – ET RealEstate

BHOPAL: In a bid to regularise home renting, the Madhya Pradesh government is bringing about a Model Tenancy Act (MTA). Like other urbanised states, MP will also have rent tribunals and courts where landlords and tenants can settle disputes, and advance payment will have a fixed formula. The government has sought suggestions from stakeholders on […]

Indore: Co-working spaces find few takers in Covid-19 times – ET RealEstate

INDORE: Hit hard by Covid-19 slump, around 30 per cent co-working spaces in Indore, an emerging hub for startups and IT companies, have shut down shops while the rest have witnessed a sharp decline in customers forcing many to explore new survival plans and switching to virtual assistance. As social distancing became a mandate for […]