Sector 53 Property

As of July 25, the total number of affordable homes under the Pradhan Mantri Awas Yojana (PMAY) has touched 53.74 lakh homes. The latest addition was about 2.67 lakh homes across 10 Indian states. In the latest round of meeting of the Central Sanctioning and Monitoring Committee of the PMAY chaired by Union Housing and Urban Affairs Secretary, Durga Shanker Mishra, Madhya Pradesh was sanctioned 59,421 homes, highest in this round.

India’s construction sector has several challenges. There are no standards in the industry and there is a deficiency of project management expertise, which results in project delays and cost overruns. The software used are expensive and require advanced hardware. Unfortunately, despite the benefits of BIM, some mavens in the industry are clinging to the old ways of working.

Supertech Supernova is an upcoming project in Noida Sector 94. The tallest tower of Noida, Spira is a part of this project and is currently under-construction. The height of Supertech Spira is projected to be 300 meters, offering 80 floors with 600 studio apartments and 250 housing units.

Reliance Communications Chairman Anil Ambani has said that his firm would be shutting down its telecommunication business and turn its focus on Reliance Realty. The real estate business, says the billionaire businessman, will be the engine of growth for the future of this company.

After the launch of the Telangana Real Estate Regulatory Authority (TS RERA) and its portal on September 1, all the developers across the state have now been asked to register their projects with the regulatory body to avoid penalties.