PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Enemy Property Ordinance To Be Promulgated Again [Video]

Loading video...

Description

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

After the Enemy Property Ordinance failed to get Parliamentary nod as a Bill, it is likely to be promulgated again soon. The Union Cabinet will re-issue the ordinance for the fifth time as the last one lapsed due to failure to get approval from Parliament. The move is being taken to amend the nearly five-decade-old Enemy Property Act to guard against claims of succession or transfer of properties left by people who migrated to Pakistan and China after wars.

Maharashtra chief minister Devendra Fadnavis said the state government would soon give its clearance to the second phase of the Pune metro rail project. The state government also plans to integrate the services of metro rail and buses of the Pune Mahanagar Parivahan to strengthen the city's public transport system. Prime Minister Narendra Modi will inaugurate the first phase of the metro project on Saturday.

Realty firm Puravankara Ltd will invest about Rs 40 crore to construct its new mixed-use managed residences tower in Pune. The Bengaluru-based company had formed a joint venture with Pune-based Oxford Group to develop a 30-acre project under which 500 housing units were launched in March this year. The company has launched a new tower where it would develop 150 residences costing between Rs 25 lakh and Rs 31 lakh.

Reliance Home Finance plans to raise up to Rs 3,500 crore through its first public offer for bonds. The money raised through the offer will be used for lending, financing, repayment of loans and general corporate purposes. The issue will open on December 22 and close on January 6.

Source: Media reports

Tags: Pune, Prime Minister Narendra Modi, Video, Bengaluru, Devendra Fadnavis


#RealtyNewsRoundup: Bank of Baroda To Buy Majority Stake In Central Bank’s Housing Finance Arm [Video]

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

December 12 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Huda To Hold Auction Of Panchkula Plots On October 27

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

October 18 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: NGT Slaps Rs 10-Lakh Fine On NBCC

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

July 27 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Next DDA Housing Scheme To Be An Online Affair

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

July 25 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Bengaluru MC To Get Its Property Tax Records Audited

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

July 05 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Modi To Launch Smart Cities Mission Project Tomorrow

Here are top stories from the real estate sector.

June 24 2016

+ Click Here To Read This Article

Real Estate Markets That Will Feel The Pinch of IT Layoffs

Private estimates show that IT professionals form an average of 17 per cent of the population across the IT-centric cities. This segment earns between Rs 20-60 lakh per annum, and is the driving force behind residential real estate. Job cuts in the sector would result into real estate markets that rode on the waves of IT boom facing the heat.

May 31 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Banks Rejig Plan To Find Takers For Kingfisher House

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

April 24 2017

+ Click Here To Read This Article

A number of developers have come up with township projects in different parts of Bengaluru....

Raipur administration is planning an 18-acre forest amid the city. The city, which has been ranked...

PropGuide lists five brands you could choose from if you are planning to install a modular kitchen.

Service tax is payable only on property purchase directly from developers and is not required in...

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

Noida offers a perfect blend of residential apartment societies, luxury villas and commercial...

A number of developers have come up with township projects in different parts of Bengaluru....

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

Pick:

x +

Drop Your Query Here


Top