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Karnataka leader K J George’s son Rana George buys flat for Rs 35 crore in Bengaluru, Real Estate News, ET RealEstate

Rana George, son of politician K J George, has bought a residential property for around Rs 35 crore in one of the most significant property transactions in Bengaluru in 2022. The property at Kingfisher Tower on Vittal Mallya Road is spread over 8321 sq ft and was bought from Rezwan Razack, one of the promoters …

Karnataka leader K J George’s son Rana George buys flat for Rs 35 crore in Bengaluru, Real Estate News, ET RealEstate Read More »

Flat owners lick wounds as fake army officers invade bank accounts, Real Estate News

MUMBAI: Over two dozen flat owners who were duped of tens of thousands of rupees each by conmen posing as defense officers seeking apartments on online brokerages are yet to regain their money. This fraud, says the cyber police, started last year and there could already be hundreds of cases across the country, most of …

Flat owners lick wounds as fake army officers invade bank accounts, Real Estate News Read More »

In 6 Months, Muda Recovers Property Worth 533 Crore, Real Estate News

MYSURU: Faced with financial constraints, Mysuru Urban Development Authority is focused on mobilizing resources and has zeroed in on reclaiming its prime properties even as it auctions prime plots. In six months since its drive to generate money began, it has garnered Rs 533 crore. Muda has reclaimed over 54.25 acres of prime land and …

In 6 Months, Muda Recovers Property Worth 533 Crore, Real Estate News Read More »

Ludhiana civic body rejects proposal to take over 18 colonies from GLADA, Real Estate News

LUDHIANA: The MC house has rejected the resolution of taking over 18 colonies and schemes from Greater Ludhiana Development Authority (GLADA) for maintenance and development purpose in the MC general house meeting on Tuesday. The proposal was dropped when some of the councillors, who represent these localities, demanded for the same while saying that Glada …

Ludhiana civic body rejects proposal to take over 18 colonies from GLADA, Real Estate News Read More »

Illegal construction of Rs 9 crore at Lansdowne forest division, Real Estate News, ET RealEstate

DEHRADUN: A site inspection by a team of the regional office of the Union ministry of environment and forests (MoEF) at the Lansdowne forest division, adjoining Corbett Tiger Reserve (CTR) has revealed the extent of illegal construction happening in and around the premier tiger reserve. The area lies next to the Pakhro range of CTR, …

Illegal construction of Rs 9 crore at Lansdowne forest division, Real Estate News, ET RealEstate Read More »

Scheme to map villages with drones fails to take off in Gujarat, Real Estate News, ET RealEstate

AHMEDABAD: A centrally assisted scheme to provide property cards to villagers by mapping their land using drone technology, has failed to take off in the state. Information provided by the central government says that no drone flying has been undertaken in any of the villages of Gujarat so far and hence, no property cards have …

Scheme to map villages with drones fails to take off in Gujarat, Real Estate News, ET RealEstate Read More »

Land hurdle hits New Garia-Airport metro work, Real Estate News, ET RealEstate

KOLKATA: The slow-paced land acquisition process is jeopardising the New Garia-Airport Metro project. The worst affected is work at New Garia station. Out of the total 20,180 square-metre land required for the station hub, 13,941sqm plot is yet to be acquired, causing massive time and cost overrun. In fact, a truncated Metro operation is scheduled …

Land hurdle hits New Garia-Airport metro work, Real Estate News, ET RealEstate Read More »

86 government buildings illegally built on GO 111 areas, Real Estate News, ET RealEstate

HYDERABAD: It is not just private players that have bulldozed their way into the GO 111’s green zone, over the years. A quick scan of the 2016 official survey, conducted across the 84 villages, shows that there are at least 86 government institutions that have illegally made their way into this belt, protected by law …

86 government buildings illegally built on GO 111 areas, Real Estate News, ET RealEstate Read More »

Idukki collector says resort being constructed in landslide-prone area, Real Estate News, ET RealEstate

IDUKKI: Objecting to a plea from a resort group to use a multi-storey construction for commercial purposes Idukki collector Sheeba George submitted a report before the high court recently saying that it is in a landslide prone area. The revenue department had earlier issued a memo to stop the construction of the Madapparampil resort at …

Idukki collector says resort being constructed in landslide-prone area, Real Estate News, ET RealEstate Read More »

China Evergrande bonds, shares deepen rout as fresh downgrades issued, Real Estate News, ET RealEstate

File Photo SHANGHAI: Bonds and shares of China Evergrande Group deepened their rout on Tuesday, with one exchange-traded note tumbling more than 20%, as the company faced fresh downgrades over its ability to restructure its massive debts. Debts at Evergrande, the country’s No. 2 developer, have triggered warnings from regulators worried that its 1.97 trillion …

China Evergrande bonds, shares deepen rout as fresh downgrades issued, Real Estate News, ET RealEstate Read More »

NMC & NIT dispute prolongs dream of 317 families to construct houses, Real Estate News, ET RealEstate

NAGPUR: A dispute between the city’s two planning authorities — Nagpur Municipal Corporation (NMC) and Nagpur Improvement Trust (NIT) — has prolonged the dreams of 317 families to construct houses on their hard-earned plots. There is no clarity whether the NMC or the NIT is the planning authority for land situated under green belt schemes.On …

NMC & NIT dispute prolongs dream of 317 families to construct houses, Real Estate News, ET RealEstate Read More »

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