+
Nashik Municipal Corporation approves 230 building proposals in Oct
Real Estate

Nashik Municipal Corporation approves 230 building proposals in Oct

The festive season in India has boosted the real estate sector, and Nashik Municipal Corporation (NMC) has approved 230 building proposals in October.

The overall construction cost is expected to be Rs 100 crore, except for the land cost. It expects to add 600 more apartments in the next two to three years.

The NMC official told the media that the corporation had received proposals for 350 buildings in October. From the total, 230 have been approved, and the rest are being examined.

The official said that the festive season has a positive impact on the real estate sector. The builders are keen to get their proposals approved to begin the construction work.

A senior member of Confederation of Real Estate Developers Association (CREDAI) - Nashik and the Chairman of the Real Estate Committee of Maharashtra Chamber, Umesh Wankhede, said that the real estate demand has increased after the Covid-19 pandemic. People have realised the importance of their housing.

He said that the number of housing customers has increased. Last month, nearly 300 apartments of Rs 120 crore were booked. Previously, the demand was for ready possession flats, but now people are booking new flats.

He added that the real estate builders have started planning for new building projects and submitting their plans to the NMC for getting approval. The prices of construction raw materials such as steel and cement have also witnessed a price hike. Therefore, the construction costs have also increased by 20%.

The builders have not increased the prices and are selling flats at market rates.

Image Source

Also read: Chandigarh Housing Board to auction 159 properties from November 10

The festive season in India has boosted the real estate sector, and Nashik Municipal Corporation (NMC) has approved 230 building proposals in October. The overall construction cost is expected to be Rs 100 crore, except for the land cost. It expects to add 600 more apartments in the next two to three years. The NMC official told the media that the corporation had received proposals for 350 buildings in October. From the total, 230 have been approved, and the rest are being examined. The official said that the festive season has a positive impact on the real estate sector. The builders are keen to get their proposals approved to begin the construction work. A senior member of Confederation of Real Estate Developers Association (CREDAI) - Nashik and the Chairman of the Real Estate Committee of Maharashtra Chamber, Umesh Wankhede, said that the real estate demand has increased after the Covid-19 pandemic. People have realised the importance of their housing. He said that the number of housing customers has increased. Last month, nearly 300 apartments of Rs 120 crore were booked. Previously, the demand was for ready possession flats, but now people are booking new flats. He added that the real estate builders have started planning for new building projects and submitting their plans to the NMC for getting approval. The prices of construction raw materials such as steel and cement have also witnessed a price hike. Therefore, the construction costs have also increased by 20%. The builders have not increased the prices and are selling flats at market rates. Image Source Also read: Chandigarh Housing Board to auction 159 properties from November 10

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code