Bandra Kurla Complex was created by MMRDA as an alternate CBD to Mumbai, with the express purpose of halting the further growth of offices and commercial activities in South Mumbai. Currently, BKC has a total stock of 8 million square feet of office space. An additional supply of 2.5 million square feet is expected in [...]
Archive for the ‘Property News’ Category
Bandra Kurla Complex and its Past, Present & Future
Posted by propertyagentsindia on May 19th, 2012
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India’s Lodha Group in Talks to Buy DLF’s Mumbai Land-Sources
Posted by propertyagentsindia on May 18th, 2012
India’s Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country’s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF’s plan to sell some of its assets [...]
Union cabinet approved 7.4K cr road plan in Naxal Areas
Posted by propertyagentsindia on May 18th, 2012
By Accommodation Times Bureau
On this Thursday Union cabinet has sanctioned the 7463 crore for the construction of road plans in Naxal affected areas.
However, answering to query asked in Rajya Sabha Jitin Prasada, the Minister of State for Road Transport& Highways said that, many road development projects in naxal affected areas have not been completed. The [...]
Complaints against construction of Highways increased in last 3yrs
Posted by propertyagentsindia on May 18th, 2012
By Accommodation Times Bureau
There are systems in place to address the representations and complaints by users. According to the report received from sources, in the last three years across the country complaints against the construction of National Highways has increased. As per the stats from 2009 to 2012 complaints raised from 20 to 30. Reports [...]
Rajiv awas Yojna launched to make country slum free
Posted by propertyagentsindia on May 18th, 2012
By Accommodation Times Bureau
In pursuance of the Government’s vision of creating a Slum-free India, In June 2011 has launched ‘Rajiv Awas Yojana’ (RAY).
The Phase I of Rajiv Awas Yojana is for a period of two years from the date of approval of the scheme. The Scheme will provide financial assistance to States including Delhi, that [...]
Century Real Estate and IIM-B sign MoU
Posted by propertyagentsindia on May 17th, 2012
Bangalore-based, Century Real Estate and the Indian Institute of Management Bangalore has signed an MoU for setting up the IIMB-Century real estate research initiative. The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross-disciplinary research on the Indian real estate sector that will be published in leading academic and practitioner journals, the [...]
Will CREDAI, Fire Department MoU work?
Posted by propertyagentsindia on May 17th, 2012
Announcement of a memorandum of understanding (MoU) between the Confederation of Real Estate Developers Association of India (CREDAI) and the Karnataka State Fire and Emergency Services (KSFES) Department on fire safety certification has raised quite a few eyebrows in the real estate industry. While an industry expert questioned how “credible” would the entire process be, [...]
Petition filed in HC seeking implement property tax ULB level reforms
Posted by propertyagentsindia on May 17th, 2012
By Accommodation Times Bureau
Mumbai: The Bombay High has received a petition following to seeking to the Brihanmumbai Municipal Corporation (BMC) to implement the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) property tax Urban Local Body (ULB) level reforms filed by the Thane based political party.
The petition has been filed by Rajendra Phanse, general secretary [...]
Figures of urban housing shortage stood at 26.53 million
Posted by propertyagentsindia on May 17th, 2012
By Accommodation Times Bureau
The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that National Building Organization (NBO), an attached office with the Ministry of Housing and Urban Poverty Alleviation has constituted a Technical Group in September 2011, to assess the housing shortage during Twelfth Five Year Plan (2012-17). The Committee has [...]
State to provide additional fund for affordable housing projects in Gujarat
Posted by propertyagentsindia on May 17th, 2012
By Accommodation Times Bureau
Under the Basic Services to the Urban Poor (BSUP) Programme and the Integrated Housing and Slum Development Programme (IHSDP) of Jawaharlal Nehru National Urban Renewal Mission (JNNURM), land cost is not financed except for acquisition of private land for schemes/ projects in the North Eastern States & hilly States, viz., Himachal [...]
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