A total of 5,000 hectares of land is to be acquired for the greenfield airport, proposed to be built at an estimated cost of Rs 15,000 to Rs 20,000 crore.
A special purpose vehicle (SPV) will be set up-with 80% private stake and 20% government contribution- to execute the Rs 22,000-crore project. Global tenders will be issued for its construction, said housing minister Prakash Mehta.
The buyers claimed they have paid up 90-95% of the cost of the flats to the builder, amounting to Rs 200 crore, and are left with no other option but to take the onus of completing the project as the real estate company, Subhkamna Buildtech, is in a mess.
The guidelines, which apply to applications for developments outside the central area received on or after Jan. 17 next year, tighten rules first introduced in 2012.
The deal to sell 30,000 sq ft, pegged at Rs 28,000 per sq ft, will be the highest ever fetched in the city’s office market.
It is the government’s first ‘modular panel’ structure constructed using reinforced thermocol panels instead of bricks. The building cost Rs 15 lakh, which is 30% less than what is spent using conventional construction methods
The buyers, who have already approached the Greater Noida bench of the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera), said they are waiting for a conclusion of the UP Rera proceedings.
The commission directed the builder to pay Rs 5 lakh compensation to one Govid Paul of Punjab over and above the refund amount for inordinate delay in handing over a flat. It imposed Rs 50,000 litigation cost on the builder as well
The top seven cities (NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad) saw 52,150 new units launched in Q3 2018. This is a low single digit increase of three per cent over Q2 2018 of 50,600 units.
Sustained conversion of enquiries into purchases suggests that builders are offering solutions within reasonable budgets and sticking to delivery timelines.
Only 343 applications were received in the last six months despite the number of violators expected at over 4,000
In fact 28 buyers who won flats in Mhada's previous lottery had surrendered their homes when they found the size was too small and the price exorbitant. Those houses are up for bid again
Arun Vir Singh, who had been asked on August 28 to assume the additional responsibility as NIAL’s CEO, took charge on Saturday
The amenities in the projects on the fringes of metros are designed to lure buyers to otherwise less-developed neighbourhoods.
Sources from the MMRDA that is executing the Rs 19,000 crore metro project said, they have been assigned around 24 acres land in Waghbil village from the Thane revenue department for developing a casting yard
According to the notice, the building was coming up on the land reserved for the bullet train project spread across three districts of Maharashtra.
JM Financial ARC is in advanced talks to sell the debt of Hotel Leela to Brookfield, but it is keen to retain 10% stake in the chain post transaction.
From horse stables in Ahmedabad and golf courses in Bengaluru to designer flats in Mumbai, the definition of luxury homes is changing.
The Maharashtra State Road Development Corporation (MSRDC) has plans to sell or lease out 1,000 acres along the Mumbai-Pune Expressway.The land is valued around Rs 12,000 crore.
They claimed that the move would pump in as high as 11,040 hectare of FSI, which has the potential to create “a massive concrete jungle” in the city
The NHAI is ready to commence work on the Haryana section of the expressway and will complete the formalities within four weeks with construction major L&T, which will build this 18km stretch
The Cabinet approval has cleared the way for the railways to commercially develop land and air space in and around stations and also provided for a longer lease tenure of up to 99 years from the previous 45 years.
Rapid urbanisation, digitisation, rising disposable incomes and lifestyle changes are boosting the sector.
They can help in supervision of under-construction sites, let buyers experience the site using virtual walk-throughs.
If the government sticks to this timeline, the airport’s first phase, with two runways, is likely to be operational in 2022-23
The auction which began on 11 am ended at 4 pm at a license fee of Rs 7.03 crore per month or 32.50% of the gross turnover of the property.
In the first phase it will develop five resorts cum holiday-homes totalling 600 keys across holiday destination in Bengaluru
IL&FS bagged the Rs 327-crore contract in April 2015 for the construction of viaduct and stations on the 3.95km stretch from the existing Mysuru Road station to Pattanagere
Investment is growing in areas such as Karanjade, Boisar and Dronagiri, due to improved connectivity and infrastructure.
Developers are offering slashed rates, 0% EMI till construction is complete and gifts on booking. The deals are sweet, but do your research, say experts
It includes a mall management company, operating Oakwood serviced residences in Bengaluru and under-construction properties in Kochi
Players are moving into high-end malls and five-star hotels to offer integrated ecosystems that let you shop, read, eat while at work.
Both e-commerce and brick-and-mortar stores will continue to co-exist in India and the organized retail market is growing at compounded annual rate of 20-25%
Analysing wind patters, investigating soil, excavating until you hit bedrock — there’s a lot that goes into building a skyscraper.
India’s top seven cities witnessed an addition of about 1.9 million sq ft of fresh supply led by Chennai, Hyderabad and the National Capital Region (NCR), showed CBRE South Asia report
While Taj will be keen to retain its flagship Delhi property, which it has been famously running since 1978, for ITC it will be a chance to have another feather in its Delhi cap
The auction had to be put off twice as it got less than the required number of bids for the five-star property to go under the hammer, New Delhi MP and NDMC member Meenakshi Lekhi told reporters in New Delhi
The top brass of NDMC did not spell out what are the options being considered for Taj Mansingh, which was leased out to Tata Group’s Taj Hotels for 33 years in 1978
3D modelling is streamlining processes; new building methods are allowing entire floors to be built in one go.
Members are adopting mobile apps and accommodating modern relationships, but finding hurdles along the way too.
The mall is part of a larger integrated mixed redevelopment project spread over 65 acres adjacent to Mumbai’s western express highway
P.R.S. Oberoi, executive chairman, said the ratio between owned, substantially owned and managed hotels in the company was 70:30 and the proportion of managed hotels would increase
These projects allow investors to build homes that cater to their passions, with infrastructure focused on sport, nature, organic farming.
Edelweiss Asset Reconstruction Company is said to be the fourth bidder for Golden Jubilee, which is also developing a much delayed Oberoi hotel in the southern city
Phoenix Mills will invest around Rs 230 crore for its 50% stake in the joint venture
Addressing the sahreholders at the AGM, chairman N Chandrasekaran said IHCL intends to significantly increase the domestic footprint this year by opening eight new hotels
Police said an FIR was filed against the developers — Aerens Infotech Pvt Ltd and Senior Builders Ltd — on Friday based on a recommendation sent by the department of town and country planning (DTCP) on July 2
Vacancies at leading malls in prominent locations in Mumbai, Pune, Bengaluru and Ahmedabad have dipped to levels last seen in 2016
The civic body had issued an annulment notice for the e-auction last month when the auction had to be cancelled since only the Tata Group's Indian Hotels Company Limited (IHCL)
The asset was e-auctioned by LDA wherein the company emerged as the highest bidder, Phoenix Mills said in a regulatory filing
Increased investments would boost supply of retail space and it is estimated that about 90 shopping malls would come into the market by 2022 at major cities, it added