India Real Estate Latest Trends | Overview | Growth | Investments

May 26, 2021
Bangalore Development Authority may Venture with Realty Developers to Bring New Projects in Joint Collaboration

The Bangalore Development Authority (BDA) has shown signs of entering into agreements with realty developer firms to bring new projects in joint collaboration on the vacant lands the authority owns in different parts of the city.

As per the revelations of an audit report, conducted by the BDA, a total of 357 acres of land in nearly 64 residential spaces the authority has developed over the years are vacant and is litigation-free. To expedite the process the proposal was discussed at the Board of Directors meeting here on past Monday. While answering to various queries the BDA Commissioner, Mr B Rajesh Gowda mentioned that BDA would write to the state government of Bangalore for its consent. He further added that the BDA is currently reviewing the land documents to confirm and a fact check whether there is any litigation and if the land acquisition process was completed by providing compensation back then.

The board of directors has also jointly decided to regulate a global tender for the development of this masterpiece 65-km long peripheral ring road (PRR) road project. However, the authority had earlier planned to move the project via the Swiss Challenge model where multiple of other firms would also get a chance to present a better rate than the proposal presented by the first party.

Other major decisions taken at the board meeting were: development of a premium township in Konadasapura, approval granted to the annual budget of BDA of INR 2,252 crore and others.

Everything You Need to do if your Property Papers are Forged

Dozens of realty frauds are being reported on a daily basis in today’s time of which “Forging Frauds” cases have turned a lot common. As a fact of the matter, such cases have risen over the past few years and justice is still pending to the victims. But how even can a victim deal with such a situation? Here you will get to know everything that needs to be done to deal with this headache situation. Our team of experts discusses everything in case you are even

Lucknow Development Authority Reduce Interest Rate on Properties

Are you interested in buying a home or a commercial space in Lucknow? If yes, then this is probably a suitable time to make the investment, as the interest rate on the commercial and residential properties in Lucknow has been reduced by 2%. As per a report, the Lucknow Development Authority (LDA) has taken this decision to lessen the interest rate on the properties that are available for sale in Lucknow. The official of LDA informed that this 2% concession wi

Government to Analyze Developers’ Demands to Promote Realty Sector: Housing Secretary

In a bid to encourage investments in real estate in India, Shri Durga Shanker Mishra, Secretary of, Housing and Urban Affairs Ministry, emphasized that the government will analyze various demands proposed by the Realty developers. In a webinar session while responding to Mr Niranjan Hiranandani, President NAREDCO. The Secretary remained affirmative of taking up all the demands into consideration including the extension on the timeline for completion of projects by 6-7 months,