Cities
On Monday, Union Housing and Urban Affairs Minister Hardeep Singh Puri said that the Delhi Development Authority (DDA) will redevelop over 370 JJ clusters under the slum rehabilitation program of the under Pradhan Mantri Awas Yojana-Urban. The decision was taken after the Delhi Urban Shelter Improvement Board (DUSIB), which comes under the AAP government, missed to [...] Continue Reading »
The Ghaziabad district administration has come up with malicious use of evading stamp duty in the buy and sale of residential land in urban villages or those with high potential of development in the district by paying lower circle rates set for agricultural land. On Friday, District Magistrate Ajay Shankar Pandey said that following the uncovering of this tricky method, the [...] Continue Reading »
Kerala RERA Chairman P H Kurian in Kochi on Friday directs all the builders in the state to register all the new real estate projects, which includes those who have not received the Occupancy Certificate, should also be registered with KRERA. He further added that the full bench of the authority will start working from [...] Continue Reading »
KOCHI: Maradu municipality is expected to obliterate two illegitimate apartment associations – Jains Coral Cove and Golden Kayaloram – on January 11 as upon the more initial settlement to obliterate the two buildings on January 12. It was initially chosen to obliterate Holy Faith H2O and Alfa Serene on January 11 and the additional two buildings [...] Continue Reading »
CHENNAI: The Chennai Metropolitan Development Authority (CMDA) tasked to solve unlawful development in the city has clasped and sealed a maximum of 15 so buildings a year since 2017. This when there are objections about at least 1,000 such illegal buildings scattered over the Chennai Metropolitan Area (CMA), which holds the city proper and neighborhoods in Kanchipuram, [...] Continue Reading »
In a bid to boost the economy and strengthen the construction sector in the country, the PM Narendra Modi led government has instructed all ministries and departments to facilitate due payments to contractors and construction companies. The purpose is to invest the fund in the construction sector and generate more job opportunities. In the past years, an [...] Continue Reading »
Listed real estate professionals are now more careful about debt level and new launches. They are centring on completion and deliveries of residential flats, helping them to push down their debt but also accumulating more market share. As per ICRA, India’s top 10-builders sold 14.55 mn sq.ft. in H1 FY2020. The Y-o-Y growth in sales [...] Continue Reading »
PUNE: The civic body will abandon tax on property maintained by unfavorably-abled residents. A recommendation for this consequence has been postponed before the standing representative committee of Pune Municipal Corporation. The move is aimed at making life easier for differently-abled people and also spreading awareness about the issues faced by them. The exemption will cover [...] Continue Reading »
Junior Finance Minister Anurag Thakur said in a reply to a question in the Lok Sabha that these properties have been seized through Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, Debts Recovery Tribunals, and National Company Law Tribunal among others. He further added that there are other 64,400 properties [...] Continue Reading »
NEW DELHI: Allowing a fund crunch with unadventurous buyers so incomparably paying up Rs 103 crore out of their dues of Rs 3,600 crore and NBCC denying to invest money, the Supreme Court on Monday ordered the Centre to analyze using its force fund for construction of grounded Amrapali house installation projects. A bench of [...] Continue Reading »
