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Green nod for Rs 676 crore building complex project for MPs in Delhi
Sunday, November 18, 2018, 6:59 PM
The Environment Ministry has given the final clearance for a project to build duplex flats for Members of Parliament (MP) at a cost of Rs 676.5 crore in New Delhi. The building complex will have 264 new flats along with servant quarters and basement car parking. It will be constructed over an area of 19,91,37 square metre.
Construction Of House Costliest In Mumbai, India: Property Consultant
Wednesday, September 12, 2018, 1:19 PM
Cost of construction for a-residential-apartment in a-mid-rise building in the Mumbai is the highest among the top-urban-centres in the country at Rs.3,125/sq ft, according to a report. Delhi and Pune came a close second in average-cost of construction at Rs.2,750/sq ft, followed by Chennai and Bengaluru at Rs.2,500/sq ft, Hyderabad at Rs.2,375/sq ft, property consultancy CBRE said in its report.
Builders wary of title insurance fearing cost escalation
Sunday, August 26, 2018, 2:43 PM
Even as the Real Estate (Regulation and Development) Act makes it mandatory for developers to take title insurance, builders are hesitant to adopt it, saying it may further add to financial burden. A title insurance is a form of indemnity insurance that protects investment in real estate and provides coverage against financial loss arising from title defects and other irregularities pertaining to property acquisition.
