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07 September 2009
Karnataka focuses on infrastructure development
Karnataka is focusing big on infrastructure development, if the plans and projects in the pipeline are anything to go by. According to V Madhu, principal secretary – Infrastructure Development Department, Karnataka Government, there are 224 projects Read More...
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07 September 2009
Punjab to take up Rs 31,248 crore infra projects via PPP model
The Punjab Infrastructure Development Board (PIDB) will take up new projects under the public-private-partnership (PPP) mode valued at Rs 31,248 crore, reports Financial Express. According to the report, around 62 projects are on anvil. The most ambitious Read More...
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07 September 2009
IIFCL eyes Rs 11,500 crore disbursal this fiscal
Government-owned India Infrastructure Finance Company Limited (IIFCL) expects to disburse close to Rs 11,500 crore this financial year. “Our disbursement so far this financial year has been close to Rs 6,300 crore. It was Rs 4,891 crore by the end Read More...
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07 September 2009
Government recalls two directors from Maytas Infra board
The government has recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday. Two other government nominees, Ved Jain and Anil Agawaral, will, however, Read More...
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21 March 2009
Reduction in Property Tax On The Cards in Maharashtra
As the property graph continues to go down, the state government plans to reduce the property rates in the Ready Reckoner to reflect reality. The reduction might well be in the range of 10 to 30 percent of the rates for various areas in the existing Ready Read More...
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21 March 2009
Bell The Cat (Cops' Admission Test) For A DDA Flat
DDA's latest allottees will have to wait to get their flats. The investigation into the alleged housing scheme scam, which had so far centered on allotments in the reserved categories, will now also scrutinize General Category allotments. The Economic Read More...
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13 February 2009
Boards Of Maytas Infra and Maytas Properties Not To Get Dissolved
The government has announced that it will not dissolve the boards of Maytas Infra and Maytas Properties, whose acquisition deal by Satyam Computer for $1.6 billion was aborted following shareholders' dissent. The government has already ordered inspection Read More...
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13 February 2009
MMRDA Plans Alternative Biz Hubs
As two main business districts of the city have reached a saturation point, the Mumbai Metropolitan Regional Development Authority (MMRDA) is planning to acquire 1.84 crore sq mt of land to set up alternative business hubs to build new rental housing Read More...
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13 February 2009
88,222 Forms Sold by MHADA
The first day of the housing projects introduced across Mumbai by the Maharashtra Housing and Area Development Authority (MHADA) received an overwhelming response. It reflected that slump or no slump, there is still a huge demand for houses if the price Read More...
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13 February 2009
Ex-DDA Official Arrested In Allotment Fraud
A retired officer of Delhi Development Authority has been arrested in the DDA flat allotment fraud and a property dealer is understood to have been detained for questioning. The police said, Mr. M L Gautam, who retired from DDA's telephone department Read More...
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05 February 2009
DDA Flats, On Wait and Watch Mode
The Urban Development ministry has held the allotment of flats to its winners decided recently by a lucky draw by the Delhi Development Authority till the process gets cleared from allegations of fraud and rigging. "Unless we are fully satisfied Read More...
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05 February 2009
Sluggish Realty Market To Jumpstart Again
Measures announced by the Central government to stimulate the economy by ensuring cheaper loans for homes and industry has raised hopes for people in the real estate and banking sectors. Banks like IDBI Home Finance, ICICI and SBI are anticipating that Read More...
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25 January 2009
Property Taxes In South Mumbai Get Real
Many people residing in South Mumbai pay 0.32 paise as property tax a sq ft a month. Even a resident of a MHADA transit camp in a suburb pays a property tax of Rs 1.65 per sq ft a month. This will get real from now on as there will be a greater parity Read More...
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25 January 2009
Mhada Invites Buyers For Low-Cost Houses
For those looking for affordable homes in Mumbai, Maharashtra Housing and Area Development Authority (MHADA) has announced a sale of 3, 863 flats built by it. Ranging from 225 sq ft to 870 sq ft, the prices of these flats vary from Rs 3.5 lakh to Rs 45 Read More...
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23 October 2007
Need of Real Esate Regulatory Body in India
If you want to buy an insurance policy, you have to purchase the policy from an insurance agent recognised by the Insurance Regulatory Development Authority. If you want to invest in fixed deposits, you have to follow RBI guidelines. If one wants to invest Read More...
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