Show all posts in News

NRIs have advantage in luxury property market in India

SINGAPORE: NRIs have an advantage in luxury property market in India post-demonetisation as real estate developers in major cities of the country have “significantly” dropped property rates, according to Singapore-based business analysts. “Given the recent demonetisation move, property rates have significantly dropped across various cities in India,” said Abhijit Ghosh, India Desk leader at PricewaterhouseCoopers...Read more

Real Estate Act rules for Delhi finalised; DDA VC Udai Pratap Singh appointed interim regulator

NEW DELHI: The urban development minister Venkaiah Naidu today approved the final rules to implement the Real Estate Regulatory Act (RERA) for Delhi, and has designated Udai Pratap Singh, the vice-chairman of Delhi Development Authority (DDA), as the interim regulator. The rules, which will be notified by the November 27, are same as notified by...Read more

Chennai devpt body seals three buildings that violated rules in George Town

CHENNAI: Cracking the whip on illegal constructions, the Chennai Metropolitan Development Authority (CMDA) on Friday sealed three multi-storey buildings in George Town area. While two of the the ground-plus-two-floor buildings that faced the axe are at Anna Pillai Street, the third is at Coral Merchant Street in Mannady. “These buildings got approvals for certain number...Read more