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Dear Member/Associate,
Greetings from CREDAI NCR!!
As a part of our ongoing efforts to keep you updated on industry trends and policies on the Real Estate sector in India, we are happy to introduce the CREDAI NCR daily news alert.
Some of today´s major news headlines and their summary news are:
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Summary
Located adjacent to the Vaishali Metro station in Sector 4 are two residential tower blocks struggling with their upkeep while embroiled in an 18-year-old dispute with Ghaziabad Development Authority (GDA).
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The Manickpur police on Saturday filed a first information report (FIR) against 11 members of a Vasai housing society who recently signed a letter objecting to the sale of a flat to a Muslim.
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Summary
Even though India recognised the importance of green buildings decades ago, the concept has failed to take off in the port city. There is not a single building that is 100 per cent complaint with green building norms within the Greater Visakhapatnam Municipal Corporation (GVMC) limits.
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Summary
Multiple court cases, government crackdowns and the failing health of Durgam Cheruvu notwithstanding, the upscale surroundings of the freshwater lake in Madhapur continue to be a realty hotspot. Briefly deterred by reports of illegal constructions - some, right on the Full Tank level (FTL) of the water body - the area appears to be racing back to prosperity now with residential ventures witnessing a steady flow of customers, albeit their steep prices.
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Summary
Multiple court cases, government crackdowns and the failing health of Durgam Cheruvu notwithstanding, the upscale surroundings of the freshwater lake in Madhapur continue to be a realty hotspot. Briefly deterred by reports of illegal constructions - some, right on the Full Tank level (FTL) of the water body - the area appears to be racing back to prosperity now with residential ventures witnessing a steady flow of customers, albeit their steep prices.
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Summary
New project launches are likely to witness a drop in the short term largely due to the fact that fewer projects will be ready for registration as developers will wait to see how the new norms pan out and how other projects fare with the Real Estate (Regulation & Development) Act (RERA) coming into force, said property consultant Colliers International in its latest report "Developers, get on Board".
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Summary
A Pakistan court today ordered the confiscation of Pervez Musharraf's property after the former dictator "persistently failed" to appear in the case involving the killing of a cleric during the 2007 Lal Masjid operation.
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Summary
The Bombay High Court has directed the Mumbai Suburban District Collector to conduct inspection and submit a report regarding alleged illegal excavation of a hill which has several hutments, and clearing of trees in suburban Vikhroli.
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Summary
The Pratap Vihar dumping ground, city's only land fill site is set for a makeover sources at the Ghaziabad Municipal Corporation said. The GMC has decided to hand over maintenance and upkeep of the site to a private firm. A potential firm has been shortlisted and it will go for a usual tendering process before making a final decision.
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Summary
Realty firm Unitech Ltd's sales bookings doubled to Rs 362 crore during the quarter ended June 30, compared with the year-ago period, on higher volumes in the commercial segment.
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Summary
India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase inter-regional trade by 60 per cent.
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Summary
In one of the celebrity real estate deals, former Bollywood Actress Rinke Khanna, youngest daughter of late superstar Rajesh Khanna, has bought a plush apartment in Bandra Kurla Complex in Mumbai for Rs 26 crore, said a source in the know.
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Summary
City-gas distribution company Mahanagar Gas Ltd (MGL) is now betting on a new market beyond Mumbai with its Raigad gas distribution project, where it plans to invest Rs 50 to 100 crore annually in five years time.
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DISCLAIMER:
CREDAI NCR does not support or endorse the accuracy, copyright compliance, legality or reliability of any news report, published in this CREDAI NCR DAILY NEWS UPDATE . Please verify the veracity of all information on your own before undertaking any reliance. CREDAI NCR is not in any way responsible for the result of any action taken on the basis of such news report, published in the CREDAI NCR DAILY NEWS UPDATE.
CREDAI NCR only collects and collates the news published from different sources and therefore is not accountable for the accuracy of the news. |
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The Confederation of Real Estate Developers Association of India, Delhi-NCR Chapter (CREDAI NCR)
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