BENGALURU: Here’s good news for those who lost their dream homes during the recent encroachment clearance drive in Bengaluru. The Karnataka government proposes to build apartments for those who have been displaced and those who will have to relocate after the demolition drive ends on rajakaluves (storm water drain). Former Bengaluru district in-charge and transport...Read more
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Builders: Demolitions singe Bengaluru’s image, rattle people
BENGALURU: The city’s builders came together with leading legal experts, architects and academics on Friday to challenge the manner in which civic authorities have gone about demolishing alleged illegal constructions over the past few weeks. The builders said the arbitrary methods have shaken the confidence of ordinary people and developers, adversely affecting the city’s image....Read more
High-end apartment launches grow 5 times in Chennai this year, mid-level units see drop
CHENNAI: If you are looking for an apartment within Rs 25 lakh in Chennai, then this may not be the ideal time for house hunting. According to a report, more housing units opened up in the high-end segments than in any other category in Chennai and its suburbs, and no new affordable housing project was...Read more
Pledging PF to buy home may soon become a reality
NEW DELHI: Retirement fund body EPFO may soon introduce a scheme to allow its over 4 crore subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments. “We are working on a housing scheme for members of the Employees’ Provident Fund Organisation (EPFO). Under it, members...Read more
Buyers grab flats for low rates but sans occupancy certificate
Bengaluru: Ravishankar (name changed) and his wife were on top of the world when they recently started living in their newly purchased apartment. A 2-BHK house for Rs. 45 lakh sounded like a good deal, for which they obtained a bank loan too, all facilitated by the builder. But their happiness was shortlived. “We were...Read more
