Hey folks, we are back with the latest weekly real estate news roundup from the finest sources of the nation.
Bangalore: RGHCL or Rajiv Gandhi Housing Corporation Ltd has received over 34000 applications for its CM's Bengaluru Multi-Storey Housing Scheme. The scheme aims to build one lakh homes for the poor, and 3060 out of these applicants have already paid an initial deposit of Rs 1 Lakh as beneficiary contribution.
DDA or Delhi Development Authority, along with YEIDA or Yamuna Expressway Industrial Development Authority, has come up with a new housing scheme that offers 416 plots and 18335 flats on offer. DDA has also stated that the flats under this scheme were the unsold inventory from its previous schemes.
Bangalore: Karnataka High Court said that severe actions have to be taken against the officials who grant permits for illegal buildings in the city. There should be zero tolerance for such officers, and departmental probes have to be taken to ensure such activities are kept under check.
New Delhi: Central Government has approved the construction of 1.07 Lakh Houses under PMAY-U in the states of Madhya Pradesh, Andhra Pradesh, Maharashtra, Uttarakhand, and Puducherry.
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Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
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