30 Jun 2023

Escalating land costs in Ahmedabad are pushing real estate developers towards joint development projects. Two major developers, Bakeri Group and Shivalik Group, have inked joint development deals with landowner groups, spurred by increased jantri rates and premium FSI charges. These partnerships, allowing shared investments in construction and revenue, offer developers a way to bypass massive initial land investment while providing landowners potentially greater returns than conventional land sales.Read more

30 Jun 2023

Spacenet Enterprises India Ltd, a reputable National Stock Exchange-listed entity, is set to disrupt the distressed assets and urban storage sectors with its innovative proptech platform, Stratayield.com. Launched via its subsidiary, Thalassa Enterprises Pvt. Ltd, the platform aims to bridge the gap between distressed and market value in India's $150 billion distressed assets market. This strategic move underscores Spacenet's commitment to leverage the rapidly expanding proptech sector and deliver significant shareholder value. With a focus on the burgeoning urban storage market, Stratayield.com is poised to redefine storage solutions in urban India.Read more

29 Jun 2023

The Ministry of Defence (MoD) has issued a warning to Cantonment officials, urging them to stop harassing property owners in Secunderabad Cantonment. Despite the directive, owners claim that they face ongoing harassment and are unable to undertake even minor repairs. The lack of a complaint mechanism has led some owners to resort to bribing staff. In response to these grievances, the MoD established an expert committee that recommended citizens should not require permission for repairs. However, instances of harassment persist, highlighting the need for further action to protect property owners' rights.Read more

29 Jun 2023

DCP (crime and traffic) BP Dinesh Kumar has urged landlords in Mangaluru to conduct thorough background checks on prospective tenants. The Mangaluru City police have organized public grievance redressal meetings to address community concerns and implement initiatives, including the goal of eliminating drug-related issues from the city. The police have assured confidentiality for informants and emphasized the importance of public involvement in promoting social responsibility.Read more

29 Jun 2023

The luxury real estate market in Mumbai is experiencing a positive trend as the unsold inventory of high-end homes witnesses a notable decline. Factors such as favorable policy reforms, including GST and RERA, along with improved economic conditions, have contributed to increased demand for luxury properties. Developers have made strategic adjustments, offering flexible payment plans and attractive discounts to entice buyers. While challenges like high land acquisition costs persist, experts predict a gradual recovery in the luxury real estate market as sustained demand and improving economic indicators create a brighter future.Read more

28 Jun 2023

The Bhopal Municipal Corporation (BMC) has directed ward officials to promptly report any developments that pose a threat to public safety. According to the 2011 census, approximately 2.8% of housing in the state capital is in a dilapidated condition. This instruction aims to ensure that any structures posing risks to the public are identified and addressed before the onset of monsoon. The BMC is actively striving to red-flag these deteriorating buildings, highlighting the importance of monitoring and maintenance to safeguard the well-being of residents in Bhopal.Read more

28 Jun 2023

Approximately 20 residents were forced to evacuate a five-storey building in DLF 3, Haryana, after it started tilting, potentially due to nearby excavation work. The building's owner received a notice for unauthorized construction, while the owner of the adjacent plot was called upon for excavation without professional oversight. The tilted building is currently supported by cranes. Violations of building codes and illegal construction have been a recurring issue in the area, leading to concerns about safety and strain on civic infrastructure. Authorities are taking action and urging strict enforcement of regulations to prevent future violations and protect residents.Read more

27 Jun 2023

Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has recently launched an exciting new campaign that encapsulates their brand promise of "Crafting Life." This campaign serves to emphasize the brand's unwavering dedication to meticulous design and construction, showcasing the painstaking attention to detail and thoughtful consideration that goes into creating spaces that nurture customers' dreams and aspirations in the long run.Read more

27 Jun 2023

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) in Aurangabad has announced its plan to conduct structural audits of buildings over 30 years old to address concerns about their safety. This decision comes in response to persistent demands from activists advocating for urgent measures. Property owners will be urged to conduct audits, and in cases of non-compliance, the CSMC will conduct audits and recover expenses from the owners. This proactive approach demonstrates the civic body's commitment to citizen well-being and sets an example for other municipalities.Read more

27 Jun 2023

The Nagpur Municipal Corporation (NMC) has granted clearance to 46 high-rise buildings exceeding 40 meters in height, despite the firefighting team's maximum reach of 42 meters. This poses a challenge for the NMC's fire department, as they lack the necessary equipment for tall buildings. To address this, the NMC has proposed acquiring a 70-meter hydraulic platform, which has been approved in the upcoming budget. The NMC advises developers to prioritize firefighting systems in high-rise buildings and mandates regular drills for occupied structures. These measures aim to enhance safety in Nagpur's vertical growth trend.Read more