Less than three months after the destruction of the Supertech Twin Towers in Noida Sector- 93 A, the National Capital Region (NCR) was jolted by another similar incidence of razing a tower of a housing complex in Gurgaon. This time, the Chintels Paradiso project in Gurgaon’s Sector-109 came under scrutiny for a terrible occurrence in February 2022, demonstrating the significance of building quality. A subsequent inquiry following the catastrophe blamed the developer and contractors. Here’s a case study on the analyzed period that highlights the motivators for it and why it should serve as a lesson to the real estate sector.… Read more
In India, Fire Security Requirements Apply To High-Rise Residential Structures.
With the growth in construction activity in India, particularly in high-rise structures, the occurrences of fire breakouts have also grown significantly. The big fire disaster at a multi-story hotel in Karol Bagh earlier this year, followed by widespread fire mishaps in Mumbai, Kolkata, Chennai, and Surat, are just a few examples of incidents that highlight the fire safety problems in high-rise structures across the country.… Read more
China’s Real Estate Crisis Could Be Over!
Tags: ChinaReal Estate
Hong Kong, Nov 14 (IANS) Chinese authorities are undertaking their most concerted attempt yet to address a catastrophe in the country’s massive real estate industry, which has depended heavily on the economy in recent months, according to media sources.… Read more
Common Land Measuring Units In India.
Various terminologies are used across the country to represent the extent of landed property, based on the state. It is usually recommended to have an understanding of the common land measuring units used in India in order to better grasp a seller’s offer, and the terms as stated in the land papers, and to assess the value of the property.… Read more
India’s top 5 green buildings
As younger clients grow more conscious of their carbon footprint, real estate developers across the board are altering their strategies to remain competitive. Green buildings are increasing in popularity as India approaches its carbon independence objective of 2030. As a result, the emphasis is on constructing eco-friendly constructions that employ energy-efficient technology. Here are some of India’s most notable green structures that have prepared the path for future generations:… Read more
What is the Pradhan Mantri Awas Yojana (PMAY)?
Housing is a basic human right to which all citizens are entitled. While the wealthy and higher classes may comfortably afford to buy a property, the overwhelming majority of lower-middle-class and impoverished people cannot. In order to guarantee that every person has access to this essential requirement, the Government of India launched the Pradhan Mantri Awas Yojana (PMAY) in 2015.… Read more
What India and the GCC markets are doing for luxury real estate?
Tags: GCCIndiaReal EstateUAE
If the most recent selection of expensive real estate deals made through celebrities is anything to go by, the Indian real estate market has been seeing a growing trend, especially inside the opulent dwelling space. Such deals highlight the remarkable increase in demand for this outstanding area of the city’s real estate market. The market for luxury real estate has shown exceptional growth recently, outpacing business projections and attracting the interest of many HNIs and NRIs. The segment and the Indian real estate industry as a whole will benefit from the converted investor hobby, fueled by the anticipated increase in capital values and expanded investor hobby.… Read more
Dubai real estate is red hot but prices will continue to rise in the bull market
Tags: NewsReal EstateUAE
Russians made up the majority of the top 5 buyers in Dubai‘s red-hot asset market during the first half of the year as investors flocked there as the emirate benefited from an influx of riches after Western sanctions. Residential real estate transaction volumes increased by 60% in the first half of 2016, while the price of homes sold increased by 85%, according to research from the resources consulting Better homes.… Read more
Ready Reckoner Rates in Mumbai, 2022!
Ready Reckoner (RR) Rate is the lowest rate of property transactions notified by the sub-registrar office of a government. RR Rate is also known as Circle Rate in many states. It is nearly impossible to sell a property for less than the RR rate in Maharashtra. Ready reckoner rates help people figure out the minimum value of their property. People need to register their properties based on these rates, whether the property’s market value is higher or lower.… Read more
What exactly are building bye laws?
Developing a conceptual design for your ideal house is straightforward, but building it is hard. To guarantee a smooth construction process, it is critical to adhere to a set of rules and regulations known as ‘building bye laws.’… Read more
