Despite the Ullawas building collapse leaving seven people dead, illegal colonies have continued to crop up around the city in 2019. According to an estimate by the department of town and country planning (DTCP), over 100 illegal colonies, over 450 acres, have mushroomed and thrived in the city in the […]
RERA To Get Judicial Powers to Accelerate Dews
Realty regulator working on a draft to give more power to execute its own orders The Real Estate Regulatory Authority (RERA) in Karnataka may soon have the judicial powers, similar to what is enjoyed by the consumer forum. Taking a leaf out of its counterparts in Madhya Pradesh, Karnataka’s realty […]
The Only Indian City In Top 20 Home Price Rise is Hyderabad: Report
Hyderabad is the only Indian city in the top 20 in a list of 150 world cities that witnessed price acceleration in residential complexes, according to a report. Hyderabad stood at 14th spot, recording a 9 per cent year-on-year price acceleration in home segment, said the report released by London-based […]
Plummeting Land Prices Have Affected Private and Govt. Investments in Amaravati
Even as debates on the pros and cons of shifting the executive capital of Andhra Pradesh to Visakhapatnam from Amaravati keep politicians and government busy, many firms are having nightmares about the return on their investment. In the last three years, Amaravati had attracted many real-estate and infrastructure firms engaged […]