No reprieve for Utsav Vihar, unauthorized colonies are ‘borne out of greed’ observes HC

Accommodation Times News Service In a landmark ruling against the plea of a resident welfare association (RWA) seeking restraint over Delhi Development Authority (DDA) demolition drive, the Delhi High Court held that “unauthorized colonies are borne out of greed”,  and therefore are not entitled to protection. "This court would like to emphasise

RBI will observe rate cut as situation gets conducive

By Accommodation Times News Services Reserve Bank of Indian Deputy Governor at a summit in Delhi asserted that Reserve Bank of India is closely observing economic data as well as other developments and will cut the interest rate when the situation is conducive. Elaborating over their work he said, “Everything will be

Govt scrapes Draft Development Plan 2034 after observing huge lapses & flaws

By Accommodation Times News Services After the huge uproar and tiff opposition government of Maharashtra finally took a decision to scraped Development Plan 2034 prepared by Brihanmumbai Municipal Corporation (BMC). The draft DP was facing objections from citizens, NGOs, social activists, political parties since, long time. As many flaws were observed

Committee set by CM observed some major errors in Draft Development Plan

By Accommodation Times News Services The new committee set by Chief Minister Devendra Fadnavis for reviewing the graft development plan for Mumbai found some major errors and loopholes, which needed to be rectified. On the basis of further committee report a final decision on whether to scrap the plan would be

Hike in circle rates are been observed in NCR from 1st August

By Accommodation Times News Services The hike in circle rates announced in last month for Delhi and NCR regions, is been implemented W.E.F 1st August, the rates are been raised by 10 to 25 per cent. The property rates in the regions will be costlier, agricultural land is also included in

Two BSE Listed Builders converted to NPA for Rs.53000 cr

By Accommodation Times News Service Distress Assets are on rise and in spite of RBI's warning, all the chairmen of various Banks still do not believe that the are sitting on NPA bomb, as far as real estate is concern. India Ratings, a premier Credit Rating agency promoted by Fitch say

Real estate index of the BSE the worst hit, down 5.4%

Mumbai: In the last week property market has down by 5.4% at the index of the BSE. And according to the sector watcher’s report downturn in Real estate market is due to increasing property rates and hike in home loan rates. Similarly according to the market reports biggest real estate