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Weekly #RealtyNewsRoundUp: 2012 Huda Allotments Come Back To Haunt Former Haryana CM

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Realty News Weekly Roundup is PropGuide’s selection of top stories of the week from the real estate sector.

The Central Bureau of Investigation (CBI) conducted raids at 16 places after registering a case against former Haryana chief minister Bhupinder Singh Hooda, who happened to be the chairman of Haryana Urban Development Authority (Huda) in 2012 when allotment of 14 industrial plots were made in Panchkula to his relatives. Raids were conducted at Delhi, Faridabad, Gurgaon, Panchkula, Chandigarh, Karnal and Rohtak. Read more 

In the first major construction on salt pan land in Mumbai since the 1991 coastal regulations, a Rs 2,000-crore office-cum-residential complex of the Government of India will come up at Wadala. The 41-acre plot is currently used as a customs godown, known as the Suleman Shah compound. The Central Board of Excise and Customs plans to build two twin towers over the next five years to house 28 offices, 1,700 residential flats for officials of excise, customs and service tax. Read more 

The central government has indicated that the number of smart cities in India may cross the 100 mark. It has allowed seven state capitals — Patna, Bengaluru, Naya Raipur, Itanagar, Shimla, Thiruvananthapuram and Amravati — to participate in the competition. On May 24, the government had announced a list of 13 new smart cities, taking the total count to 33. The selected cities were Agartala, Bhagalpur, Chandigarh, Dharamshala, Faridabad, Imphal, Lucknow, New Town Kolkata, Raipur, Ranchi, Panaji, Port Blair and Warangal. Read more 

The government recently recommended to the President a fresh ordinance to amend the Enemy Property Act to allow custodians to continue to hold sway over such properties. The aim behind the recent move is to negate the effect of a court judgment as the Bill to replace the ordinance is pending with the Rajya Sabha which had referred it to a select committee. Following the end of the Budget session, the ordinance had lapsed. Read more 

Panaji’s technical committee for Atal Mission for Rejuvenation and Urban Transformation (Amrut) has given its approval to the state annual action plan (SAAP) which includes construction of projects worth Rs 60 crore. The approval was also given for the creation of green spaces and parks in the city and overhauling the urban mobility systems. Read more 

Tags: Real Estate, property, Video, HUDA, propguide

5 Localities Close To Tourist Destinations That Are Turning Into Real Estate Investment Destinations

Buyers who have higher disposable incomes, hailing from the middle and top management segments, usually in the middle-age bracket, are looking forward to investing money into a property which is in proximity to tourist locations as their second home. Because of the convenience of getting land easily and property prices are also won’t hit hard to their pocket, affluent buyers are eyeing these upcoming localities.

February 03 2017

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Searching For Affordable Homes? Micro Apartments Are Trending

To push sagging sales, many reputed real estate developers have shrunk apartment sizes. Earlier when large sized apartments were in demand, a developer’s focus was only limited to big floor area but the slow sales pushed them to decrease the apartment sizes to balance the buyer’s needs and their own financial strength.

January 24 2017

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Soon, Tier II Cities Could Outshine The Rest

On the back of infrastructure development, booming economy and advancement of service sector, tier II cities are destined to dominate the realty sector in the coming future. These cities are the way ahead if India’s real estate region is to grow as per global standards. With a huge amount of funds assigned for infrastructure renewal of the developing areas, tier II cities are ready to witness great launches and future supremacy.

December 28 2016

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#WeeklyNewsRoundup: Old MCD Quarters May Be Rebuilt

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July 22 2017

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Understanding Absorption Rate And Its Importance In Real Estate

Absorption rate is one of the key instruments that impact property prices to a great extent.

May 02 2017

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#RealtyNewsRoundup: Real Estate Law Will Not Be Diluted: Yogi

Here are today's top news stories from the real estate sector.

April 28 2017

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#RealtyNewsRoundup: Huda Launches Its Group Housing Scheme For 2017

Here are today’s top stories from the real estate sector.

April 21 2017

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Here are the day's top news stories from the real estate sector.

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