Investment of Rs.1,91,155 Cr Proposed by 90 cities under smart city mission: Puri

By Accommodation Times Bureau NEW DELHI During addressing the Parliamentary consultative committee meeting attached to the Ministry of Housing & Urban Affairs here last Thursday, Hardeep Puri, Minister of State (I/C) for Housing and Urban Affairs has informed that a total investment of Rs.1,91,155 crore has been proposed by the 90 cities

Maharashtra Rent Control Rules 2017 will be effective after 31st March

By Accommodation Times Bureau On 3rd March 2017, Housing Department under its notification No.YACHIKA.2015/C.R.17/(Part-2)/GND-1.- Under Rent Control Act 1999, issued draft Rules for objections and suggestion to be finalise on or after 31st March 2017. All objections and suggestion may be sent to gnd1.housing@maharashtra.gov.in. The Notification : HOUSING DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk,

Legality of Lease – Hold Property Transactions

By Advocate S R Agarwal Accommodation Times Bureau A person interested in the purchase of a flat or an apartment or any property needs to satisfy himself about the title of such property. In Maharashtra, a Promoter has to make full and true disclosure of the nature of his title, duly certified by an Advocate of

IT sector poised to boom Real Estate

By Accommodation Times Bureau Information Technology Sector is all set to occupy million of sq ft in office space segments as well as in residential segment. Big funding and mnew ventures started by IT players will occupy IT and office spaces across the country. The Indian IT sector is expected to grow

Development of SEZs in India: Some Issues

Accommodation Times Research By L. Lakshmanan* Abstract of Report : Evolution of Special Economic Zones and some Issues: The Indian Experience submitted to RBI In India, the SEZs have been introduced as a growth driver through increase in export potential of the country, development of infrastructure facilities and generation of employment opportunities. The infrastructure development

Genesys begins implementation of MCGM’s LIDAR project making Mumbai the first city to Enable State of Art Property mapping

By Accommodation Times News Services Press Release: Bags Rs. 65 crore order from MCGM in consortium with Innowave IT infrastructures Implementation of this technology will help Mumbai to be the first city in India to create a state-of-the-art property mapping system The project also envisages looking at road survey, mapping street furniture, hoardings and

Realty reforms to boost offshore funds’ optimism

By Ruchir Sinha, M/s.Nishith Desai Associates Accommodation Times News Services While clouds of uncertainty shroud the real estate sector, our discussions with offshore real estate funds present a rather optimistic picture, even as they remain in wait and watch mode for the next quarter or two. We believe the optimism is

Rise in NPAS in the Banking Sector

By Accommodation Times News Services The details of Gross Advances, Gross Non-Performing Assets (GNPA)+ Restructured Advances and Gross NPA + Restructured Advances ratio of Scheduled Commercials Banks (SCBs) for last three years are as under:   SCHEDULED COMMERCIAL BANKS (Rs. In crore) GROSS ADVANCES GROSS NPA + RESTRUCTURED ADVANCES GNPA + RESTRUCTURED ADVANCES RATIO FY 2014 61,01,775 6,08,967 9.98% FY 2015 66,91,204 7,28,925 10.89% FY 2016 72,73,202 8,32,786 11.45%   Main

Rs.16,641 cr investment in affordable housing for urban poor approved this fiscal

By Accommodation Times News Services 2.50 lakh houses for urban poor in 11 States cleared ; Central assistance of Rs.3,634 cr  Maharashtra gets over one lakh more houses, Tripura-42,896, Odisha-23,843, Bihar-21,474, Gujarat-17,838 Total investment in affordable housing approved so far –Rs.51,568 cr Central Government has approved an additional investment of Rs.16,641 cr for affordable