MoU signed for development of WAQF properties as commercial projects in different states

By Accommodation Times News Services Memorandum of Understanding (MoU) was signed here today, between the National Waqf Development Corporation (NAWADCO) and the National Building Construction Corporation (NBCC), for developing the Waqf properties. Dr. Najma Heptulla, the Minister for Minority Affairs and Shri M. Venkaiah Naidu,the Minister for Urban Development were also

External Commercial Borrowing (ECB) will bring cheaper funds for Slum Redevelopment, Housing Finance and Low cost housing

Accommodation Times News Services External Commercial Borrowings (ECB) will bring in cheap funds into Real Estate Sector. The much awaited Union Budget announcement was notified by RBI in its circular dated 17th dec where the Apex Bank had opened the gate for cheaper funds from international financial market. RBI/2012-13/339 A.P. (DIR Series) Circular

Development of surplus railway land for commercial purposes

So far, 135 sites have been entrusted to the Rail Land Development Authority (RLDA) of Ministry of Railways for development of vacant railway land. These are; Adilabad, Aurangabad, Ajmer (2 sites), Amritsar (2 sites), Ballyghat, Bangalore City, Bansdroni station, Bareilly city, Belgharia, site between Central Station and M.G. Road, sites

Puravankara plans to add 10 million sq ft commercial, retail by 2023

By Accommodation Times Bureau BENGALURU: The Puravankara Limited,  real estate developer is planning to add 10 million sq. ft. to its commercial and retail operations by 2023.  Puravankara has already acquired strategic land parcels in Bengaluru, Mumbai, Pune and Hyderabad. Currently, it has three commercial projects in Bengaluru – Purva Premier, Purva Mall

Akola: Same property tax for commercial premises, other properties

By Accommodation Times Bureau MUMBAI: The state ministry of Urban Development asked Akola Municipal Corporation on Thursday to submit a report on the similar property tax levied on commercial premises and as well as other properties in the areas of the civic body. Minister of State Urban Development, Dr Ranjit Patil asked the if

Civic body should focus on the sustainable development of the city: CM

By Accommodation Times Bureau NAGPUR: In the next ten-and-a-half years, the world's temperature will rise by two degrees and will result in water shortage and drought. To overcome this crisis, there is a need to create a carbon emission reduction mechanism. It requires a decentralization of solid waste management and sewerage, CM

New Land Policy For Development & Infra

By Accommodation Times Bureau NEW DELHI The Ministry of Housing and Urban Affairs vide Notification S.O. 5220(E) dated October 11, 2018, has notified the modified land policy.  The policy would be applicable in the urbanisable areas of urban extensions in 95 villages of Delhi. The policy replaces the earlier policy notified in