Property owners, whose land had been acquired by government for construction of slip/link roads, have preferred to take transferable development rights (TDR) worth Rs 500 crore — selling price of land acquired — over monetary compensation. “A total 200 properties were acquired for construct... Read more...
Three construction companies have qualified for submission of financial bid for the contract to build a new Parliament building. These companies are L&T Ltd, Tata Project Ltd and Shapoorji Pallonji and Co Pvt Ltd. A total of seven firms, including the Uttar Pradesh Rajkiya Nirman Nigam Limite... Read more...
Aug 2020 ,
by Realty Plus in ALLIED
Godrej Properties expects its sales bookings during the ongoing fiscal to be at an all-time high, beating the previous year’s record Rs 5,915 crore despite the COVID-19 pandemic, as housing demand is consolidating towards trusted developers, a top company official said. Godrej Properties Executive... Read more...
In a major judgment, the Maharashtra Real Estate Regulatory Authority (MahaRera) has disallowed a carrying out the construction of an additional floor without the consent of the buyers who already bought flats in the building. The ruling is significant, as builders over the years modified plans a... Read more...
Aug 2020 ,
by Realty Plus in Interviews
With the pandemic showing the way to a new ‘normal’, designers are looking for a shift in approach from the traditional brick and mortar design. Rakhee Bedi, Founding Principal, RSDA Innovations are contextual to an existing situation. They can be in the form of enhancing to redesign of an ex... Read more...
Aug 2020 ,
by Realty Plus in Interviews
Ethan Campbell, Tech Writer looks into blockchain’s potential to impact construction and the factors that could make the technology particularly useful. Blockchain technology functions as a digital ledger that verifies, conducts, and keeps records of digital transactions. It is only v... Read more...
The Royal Family of Baroda and the Maharaja Fatesingh Trust have sought public support against a proposed multi-storied structure, to be built by the Railways near Pratap Vilas Palace in Vadodara. The Royals of Baroda and the Trust, managed by their family, have begun an online petition. The prop... Read more...
In a relief to 15,000 homebuyers waiting for possession of their homes for almost a decade, the Supreme Court (SC)- appointed Unitech board has submitted the roadmap for completing the stuck projects of the embattled firm with the apex court. It has proposed to complete the construction of all units... Read more...
In an earnest attempt to help revive an economically crucial sector in these Covid-19 unprecedented times, the government is reportedly planning to relax the foreign direct investment (FDI) rules for the realty sector and give the green signal for 100% overseas investment in completed projects. The ... Read more...
Jul 2020 ,
by Realty Plus in Interviews
Sanjay Prakash, Principal, SHiFt’s name and work is mentioned in the twentieth edition of one of the main reference works in architectural history, A History of Architecture by Sir Bannister Fletcher. A brief about SHiFT design philosophy SHiFt, Studio for Habitat Futures (SHiFT), ... Read more...