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Builder mafia issue: Lokayukta has advice for LG

Written by Jayanta Thursday, 12 September 2013

( 0 Votes )NEW DELHI: Growing complaints pertaining to illegal constructions have now got the Lokayukta to suggest measures to the LG to crackdown on the builder mafia. Lokayukta Justice Manmohan Sarin has invoked powers under Section 16 of the Delhi Lokayukta and Upalokayukta Act and recommended to LG Najeeb Jung that the SHOs and the executive engineers of...
 

Over 900 govt residences in Delhi in ‘dangerous’ state: CPWD

Written by Jayanta Thursday, 12 September 2013

( 0 Votes )More than 900 central government residences in Delhi have been declared “dangerous” by the CPWD while another 4,480 houses are in a dilapidated state. Mumbai comes second with 704 dilapidated houses according to details provided by the Central Public Works Department (CPWD) to a parliamentary panel. The central agency has also revealed...

Slowdown in real estate forces builders to cut prices and dole out freebies

Written by Jayanta Wednesday, 11 September 2013

( 0 Votes )Slowdown in real estate forces builders to cut prices and dole out freebies NEW DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season. With the economy in a mess, the rupee caught in a whirlwind and the job scene deteriorating by the day, buyers are...
 

Finally, home prices begin to soften

Written by Jayanta Wednesday, 11 September 2013

( 0 Votes )Weak sentiments owing to the slowdown in the economy seems to have finally taken a toll on the demand in the residential real estate sector as house prices for the quarter ended June 2013 softened across the country. According to the data released by National Housing Bank (NHB), 22 out of 26 cities that are covered by the NHB Residex witnessed a...

UP cabinet’s green nod to Noida metro rail expansion

Written by Jayanta Wednesday, 11 September 2013

( 0 Votes )NOIDA: Even as the UP government has given in principle approval for the NMRC, Noida and Greater Noida authorities officials are getting ready to speed up the Rs 5000 crore Metro rail link between Noida’s City Center to Boraki. The top brass of the authority held a meeting to chalk out the further action plan. The authority officials also...
 

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