Punjab-based Motia Group to invest Rs 150 crore in a residential project, Real Estate News, ET RealEstate

Punjab-based real estate developer Motia group will invest Rs 150 crore to develop a residential project in Zirakpur, adjoining Sector 20, Panchkula. Spread over 7 acres, the project will have 272 units of different composition. “With Chandigarh on the map for NRIs, the opening of properties in Zirakpur near Airport Road has provided them with […]

Deadline for solar plant installation in residential properties ends on March 31, Real Estate News, ET RealEstate

CHANDIGARH: The deadline fixed by the UT administration to install solar plants at residential properties measuring 500 sq yd and above and group housing societies will end on March 31. The administration has not submitted any proposal for extension of the deadline, said a senior UT official. “However, UT administrator VP Singh Badnore will take […]

GMADA to exclude land price; to charge only construction cost for EWS flats, Real Estate News, ET RealEstate

MOHALI: The Greater Mohali Area Development Authority (Gmada) will charge only the construction cost for flats to be given to the economically weaker section (EWS) and will exclude the land cost. The economically weaker section (EWS) housing policy has been rolled out after the Punjab cabinet approved the policy. In total, Gmada will construct 22,000 […]

Punjab government to construct over 25,000 houses for economically weaker section, Real Estate News, ET RealEstate

CHANDIGARH: Over 25,000 houses for the poor will be constructed in Punjab with the state cabinet on Wednesday approving a new EWS policy in this regard, an official statement said. The developers and authorities will be required to develop five per cent of the project area for the economically weaker section (EWS) housing, it said. […]

Chandigarh housing board sends flat payment reminder, Real Estate News, ET RealEstate

CHANDIGARH: Chandigarh Housing Board (CHB) has once again asked Punjab and Haryana governments and PGI to make the initial payment for flats for their bureaucrats and doctors in the Rs 600 crore housing scheme at IT Park following the selection of a company to prepare the design of the project. “We have allotted the design […]

Tuition centres in Ludhiana must now get NOC according to new fire norms, Real Estate News, ET RealEstate

LUDHIANA: Keeping in view the mushrooming of coaching centres in the city, the local bodies department has issued new fire safety norms for these centres to follow. Now, the centres are divided in three categories based on the area, and the owners will have to make arrangements accordingly. But sources said this may again remain […]

GBP group to invest Rs 600 crore to build 32-acre township in Zirakpur, Real Estate News, ET RealEstate

NEW DELHI: Punjab-based realty firm GBP group on Saturday said it will invest Rs 600 crore to develop a township in Zirakpur. In the 32-acre township, the company will develop 700 flats, 400 plots and 750 commercial units. The township ‘Central Town‘ will be developed “with a total outlay of Rs 600 crore” being funded […]

Punjab government gives land rights to slum dwellers, small land tillers, Real Estate News, ET RealEstate

CHANDIGARH: Slum dwellers and specified categories of people, who are in occupation of small parcels of agrarian land through inheritance, will now be eligible for land ownership rights in Punjab, an official on Wednesday. The cabinet, at a meeting chaired led by Chief Minister Amarinder Singh on Wednesday, gave approval to notify the rules of […]

CHB asks Punjab and Haryana governments & PGI for 25% payment for flats, Real Estate News, ET RealEstate

CHANDIGARH: Punjab, Haryana and the PGI, which demanded the costliest flats for their bureaucrats and doctors at the IT Park, have now received a letter from the Chandigarh Housing Board (CHB) for 25% payment. Building these eight to 10 residential towers will cost Rs 500-to-600 crore. Sources in the UT administration said each tower of […]

MP Preneet Kaur, Real Estate News, ET RealEstate

PATIALA: The Punjab government has so far provided assistance of Rs 15.73 crore to 1,311 beneficiaries for construction of pucca houses under Pradhan Mantri Awas Yojana (Grameen) (PMAY-G) in Patiala district. Preneet Kaur, Member Lok Sabha from Patiala said that Captain Amarinder Singh government was committed to benefit each and every eligible person of welfare […]

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