Cities
In a move to develop the infrastructure of the state, Uttar Pradesh CM, Akhilesh Yadav is planning to set up an infrastructure development fund from parts of profits from Noida, Greater Noida, GDA, LDA and other agencies. He also assured that the farmers’ interest will be protected. The CM announced this move at the inaugural [...] Continue Reading »
The new scheme, i.e. the conversion of Delhi Development Authority (DDA) flats that were registered on general power of attorney (GPA) and agreement to sell (AS) to freehold has been liberalised by the Urban Development Ministry. Earlier, DDA had stopped conversion from leasehold to freehold of properties registered on GPA. But the new move brought [...] Continue Reading »
The first corridor in phase three of Delhi Metro – the Central Secretariat-Mandi House corridor via Janpath – will be operational by March next year. Delhi Metro is working on constructing a 3 km long underground pass to avoid the heavy traffic at Rajiv Chowk station. The chief of Delhi Metro Rail Corporation said that, [...] Continue Reading »
Indore- The real estate developers in Madhya Pradesh are not bothered to follow Green Building concept, a new concept to rate building on certain factors. The efforts and incentives provided by government are also going in vain. It is found that not even a single building in state is rated “green building”. According to some [...] Continue Reading »
Property prices in Mumbai are forecasted to come down due to factors like high prices, lower demand and liquidity issues. Also, at the same time due to no new launches in Gurgaon, prices may go up, as per a report by Bank of America Merill Lynch. As per reports, in last ten years, property prices in Mumbai have [...] Continue Reading »
Unsatisfied property owners in Mumbai are planning to move court over the new way of calculating property tax. There had been already many criticisms in the past against the imposition of property tax in Mumbai and its suburbs with retrospective effect. The property tax system based on capital value that has been planned recently but will [...] Continue Reading »
Chandigarh: Alpha G:Corp, a partner of Morgan Stanley and a leading real estate developer being funded by FDI, is planning to join hands with the Chennai-based Rattha Group to develop a Rs 1,000-crore integrated residential township in Chandigarh. The township will be located just 2.5 km from the Chandigarh border and is among the closest [...] Continue Reading »
Noida: On a measure to support development of green buildings in the city, the Noida Authority has decided to reward over 24 developers who have opted for eco-friendly construction by giving them 5 percent floor area ratio (FAR) for free. Around 20 buildings have been completely designed on the green concept and have received the [...] Continue Reading »
BMC is coming up with a new mechanism to find out and demolish the illegal constructions or the changes that have been done in a building or apartment in Mumbai by making a special team of officials who will be responsible for eradicating such structures. This motion will be public from May onwards where at least [...] Continue Reading »
Lucknow: In order to encourage mixed land use in the draft prepared for state urban housing and habitat policy 2013, the housing and urban planning department has recommended multi-centered pattern of urban growth along highways. Land pooling scheme is also suggested in case of compact area selected in consultation with landowners for urban development. Considering [...] Continue Reading »
