Published & Updated as on - 2010-02-23
KUL To Redevelop Realty Projects
In Mumbai
KUL
Chairman & Managing Director, Mr Lalit Kumar Jain said that redevelopment
is the future of real estate in Mumbai that faces severe constraints on the
availability of open land within city limits. The company has taken up 18
redevelopment projects of existing properties in the city and there are about
2,000 families who will be accommodated in new flats. At present, KUL is
working on the development of eight of these projects. It will start delivering
flats by the year-end and complete the process of possession in the rest of the
projects within 18 months to 36 months, depending on the size of the project, a
press release from the company said.
Source:17
Feb 2010 netindian.in
Government
Decides To Develop Green Buildings
In two years, Indira
Paryavaran Bhawan, which comes under the ministry
of environment and forests, will be showcased as the government's
initiative to develop green buildings in Delhi. It is going to have all the
features of a green building: Adequate sunlight, instead of artificial
fluorescent lights; natural cooling, instead of air-conditioners; solar power,
instead of artificial power generation, and a lot more. The ministry aims for
Paryavaran Bhawan to be accredited with the esteemed platinum rating under
Leed-India (Leadership in Energy and
Environmental Design, a green building rating
system of the Indian Green Building Council). 
Source:18
Feb 2010 Business Standard
NBCC
To Develop Affordable Housing Complexes
National Buildings
Construction Corporation Ltd is developing affordable housing complexes in Uttar Pradesh,
Gurgaon, Kolkata, Kochi and Patna. The company has allotted 448 affordable
houses in Rajarhat, Kolkata, where the price of a two-bedroom flat is Rs 14
lakh and a three-bedroom flat costs Rs 18 lakh. It will allot another 352
houses in the next phase of the project. While the housing projects in Kochi
and Patna are expected to start in the next six months, the Gurgaon and UP
projects are likely to be completed in the next two years.
Source:19 Feb 2010
Business Standard
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