Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Projects worth Rs 15000 cr Stalled in Gujarat Due to Environment Clearance

Posted: 28 Feb 2011 01:35 AM PST

Realty projects worth Rs 15,000 crore have been stalled in Gujarat. This hurdle has been created by the Central government’s directive which makes it mandatory for all realtors to get an environment clearance certificate before launching building projects. The Central government had in 2009 made it mandatory to get environment clearance from the Union Ministry [...]

Tata Housing Plans Residential Projects worth Rs 1000cr in Punjab and Himachal Pradesh

Posted: 28 Feb 2011 01:32 AM PST

Real estate developer Tata Housing Development Company on Wednesday proposed to set up two residential projects in Punjab and Himachal Pradesh with an estimated investment of Rs. 1,000 crore. "We have plans to set up two (residential) projects in Punjab and Himachal Pradesh, which will involve an investment of Rs. 1,000 crore," company's MD and [...]

Good News for SBI-Govt Supports its Teaser Rate Policy

Posted: 27 Feb 2011 10:54 PM PST

It’s a good news of SBI boss O P Bhatt as finally government went on his side on home loan issue after long rounds of meetings and discussions. There is a long-time conflicts of policy between RBI and banks specially SBI over “teaser rates”. RBI wants a clear policy about these flexible-rates loans and wants [...]

Reforms Required in Real Estate Sector

Posted: 27 Feb 2011 10:49 PM PST

Reforms in the real estate sector is the need of the hour for tackling issues like high stamp duty which often results in otherwise honest people having to deal in black money, according to the Economic Survey 2010-11 tabled by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday. “There is need for some fundamental [...]

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