PROPGUIDE − A Complete Property Guide

#RealtyNewsRoundup: Country’s Biggest Land Monetisation Drive On The Cards

Loading video...


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

State-run real estate firm National Buildings Construction Corporation has kicked off the biggest land monetisation drive in the country. The company has written to 74 loss-making public sector companies to seek details of spare land available with them. It is estimated that the land bank of all such companies is around 2.5 lakh acres with some of the loss-making firms such as HMT, Hindustan Photofilms and ITI holding more than 100 acres of prime land in metros.

Hitting out at the Uttar Pradesh government and public authorities in Agra for ‘improper’ demarcation of the Yamuna floodplains and fixation of pillars, the National Green Tribunal said 85 per cent of the buildings on the riverbed were liable to be demolished. The tribunal has asked real estate developers and other parties in the case to file their replies within two weeks.

The mega housing project of the Bangalore Development Authority (BDA) on the city’s outskirts has run into rough weather with the state’s Environment Impact Assessment Authority (SEIAA) putting on hold the project for lack of environmental clearance, which is apparently coming up on a no-construction zone. The BDA plans to construct 1,068 units of 2BHK flats in Bengaluru South with a total built-up area of more than 1.05 lakh sq. m.

The Sahara Group has raised Rs 150 crore from its controversial 106-acre Oshiwara land parcel by tying up with Ahmedabad-based developer Safal Group. This land, which is part of a larger 550-acre sprawl, has long been in the eye of a storm with environmentalists opposing any construction on this land, stating it is a no-development zone. But the city’s revised development plan has allowed development on this land if part of it is used for public housing.

Tags: Ahmedabad, Uttar Pradesh, Bangalore Development Authority, Video, National Buildings Construction Corporation

Monthly Watch: Home Sales In Ahmedabad Up 14% In September

New launches have, however, seen a decline of 58 per cent over the previous month.

December 01 2016

+ Click Here To Read This Article

Govt Colonies In Delhi Set For A Makeover

Along with the NBCC and the CPWD, the Union Urban Development Ministry will redevelop seven colonies in the national capital.

November 04 2016

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

UP Govt To Give 5% Free FAR To Eco-Friendly Building Developers

Under GRIHA, a system has been developed to help ‘design and evaluate’ new buildings based on their predicted performance over their entire life cycle – inception through operation

October 30 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Mumbai May Lose Its Mangroves To Developers

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

May 12 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Land Deals To Turn Costlier In Bengaluru

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

April 11 2017

+ Click Here To Read This Article

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

The Income-Tax Directorates of Investigation have identified more than 400 Benami transactions up...

In Mumbai’s Nala Sopara, affordable property values have led to migrant population looking at...

Among the other possible reasons is a communication failure between the developers and the buyers...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

The Union Cabinet has approved the Noida-Greater Noida Metro Rail project, covering a length of...

Here are some of the features that modern-day homebuyers look for in a luxury home.

PropGuide lists top four pockets of Pune that are a hit among high-net-worth individuals, planning...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Subscribe Now

To stay tuned with real estate updates


x +

Drop Your Query Here