Customers using high-end mobile phones ready to pay average 20% more rent in India

By Rohit Sharma MUMBAI Customers using the phone which cost over Rs 50,000 would be willing to pay 20% higher rent with an average budget of Rs 25,000 per month, according to a study conducted by two real estate web portal. Data from the study suggest that on average, “A user with a

State Govt asked developers in Telangana to register projects

By Accommodation Times Bureau HYDERABAD On Tuesday all builders and developers across the state who have obtained permission for real estate projects on or after January 1, 2017, were asked by the Telangana government to get their projects registered  instantly. According to an agency, the government notification stated that all the builders and developers

Maharashtra: Marathwada to be biggest beneficiary of Samruddhi Corridor

By Accommodation Times Bureau MUMBAI Maharashtra chief minister Devendra Fadnavis said, on September 17, 2018, that the Marathwada region is going to be the biggest beneficiary of the Nagpur-Mumbai Super Communication Expressway, especially Aurangabad and Jalna districts. The estimated cost of the project is Rs 49,250-crore of Nagpur-Mumbai Samruddhi marg, the length of

Bombay High Court: Flat owner entitled  to 1 parking space

By Accommodation Times Bureau MUMBAI The Bombay High Court on September 12, said that member having a motor vehicle will be eligible to have stilt or open parking space. No member shall normally be eligible for being allotted more than one stilt or a parking space. Justice Ramesh Dhanuka was hearing the petition

Punjab aims tourism industry contributes 20% to State GDP

By Accommodation Times News Service New Delhi/ September 17 Asserting that Tourism Industry is going to be the driver of economic growth for the State, Punjab Tourism and Cultural Affairs Minister Navjot Singh Sidhu said that the endeavour of Punjab Government is to make tourism contribute 20 per cent to Punjab`s GDP.

India commences first-ever three-way bank amalgamation process

By Accommodation Times Bureau NEW DELHI The Union Finance Minister Arun Jaitley and Cabinet Ministers, Piyush Goyal and Nirmala Sitharaman on September 17 decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three banks. According to the Ministry of Finance, ‘The envisaged amalgamation will be the First-ever

MoHUA established ‘Housing for All – Knowledge Lab’ for information

By Accommodation Times Bureau NEW DELHI In pursuance of the vision of Government of India to facilitate "Housing for All by 2022", the Ministry of Housing and Urban Affairs have taken several steps to implement the housing projects under Pradhan Mantri Awas Yojana (Urban).  In this regard, knowledge in various thematic areas

Aavas Financiers Ltd IPO opens on Sept 25, fresh issue of share comprises worth Rs 4,000 million

By Rohit Sharma MUMBAI A housing finance firm, Aavas Financiers Limited proposes to open on September 25, 2018, an IPO of equity shares of Face Value of Rs. 10 each Equity Shares for cash at a Price per Equity Share (including a Share Premium) offer comprising a fresh issue of up to Rs.

The Karjat – Panvel Suburban Rail Corridor Will Power New Real Estate Hubs and Offer Future Growth Potential: Hiranandani

By Dr. Niranjan Hiranandani, Founder & CMD, Hiranandani Communities MUMBAI Enhanced connectivity is the potent driving factor for the development of new emerging real estate hot-spots. As India’s economic success story grows into newer locations in terms of real estate development, the new transport corridors show great potential for powering the economic

CREDAI Maharashtra donates over Rs 1.35 Cr towards Kerala

By Accommodation Times Bureau MUMBAI President of CREDAI Maharashtra handed over the cheque of Rs 1.35 crores to the Chief Minister Devendra Fadnavis as a donation towards Kerala Relief Fund. CREDAI-Maharashtra, the Federation of City Associations of Developers always supports the Government in all its endeavour.  In response to the appeal made by