Hey guys, we are back with the latest weekly real estate news round up. We have curated the top headlines for this week (11th October 2021 to 18th October 2021) from the top sources of the nation.
Noida: The Greater Noida Development Authority launches an all-new Plot scheme for the EWS or the Economically weaker section of the society. The plots that are almost 1.21 lakh sqm in total size will be allotted to the builders for constructing reserved flats for LIG( Low Income Groups) and EWS. There will be a total of 4 land parcels that range from 23,500 sqm to 39,321 sqm, which will earn the GNIDA around Rs 400 crores.
New Delhi: NGT or the National Green Tribunal has asked the Bhopal Municipal Corporation to follow the Environmental norms before constructing PMAY projects. The authority has also directed BMC not to proceed with further construction till obtaining mandatory environmental clearance.
In order to develop a residential township, Inspira Builders has brought over 2 acres of land in Electronic City, Bangalore. The township will span over 2 lakh sq ft and will have an estimated value of over Rs 150 crores.
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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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