Basava Colony Property

The city’s two posh private colonies Sushant Lok-1 and Palam Vihar will be taken over by the Municipal Corporation of Gurugram (MCG).

The Maharashtra government has sanctioned the Mumbai Development Control and Promotion Regulations 2034. The new plan is expected to open up over 3,700 hectares of land in the city’s no-development zone and salt-pan land. This large tract of land is likely to be used for developing residential real estate in the affordable category. According to the plan, nearly 10 lakh affordable houses will be constructed by 2034. It was earlier this year that the DCPR 2034 was passed by the government.

The Delhi Metro has influenced the real estate prices of localities lying close to stations. The areas lying in extreme proximity to the Metro station witnessed an average 50 per cent jump in the cost of construction. The latent effect was more visible on the rental market where the asking values have been going up as the connectivity gets better. MakaaniQ lists locations that have benefitted from the different routes of the Delhi Metro.

The remaining two stretches of the Chennai Metro's Phase-I are expected to become operational by January-end. The opening of the two stretches — Washermanpet to Chennai Central and Chennai Central to AG-DMS — will make the first phase of the city's Metro network fully operational. Once the new line is completed, the corridor or the Blue Line of the Chennai Metro network will span a total length of 54 km that connects the Chennai International Airport to Wimco Nagar.

BDD chawls are all set to be brought down to make way for tall buildings that will rehabilitate over 15,500 families staying in Naigaon, Lower Parel and Worli. While the Naigaon area is being redeveloped by L&T, Shapoorji & Pallonji are working in Lower Parel area and recently Tata Group has been awarded the tender for redeveloping Worli area.