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Builders must abide by OC conditions – Forum

Builders must abide by OC conditions – Forum
Thane District Consumer Forum has ruled that builders must stand by the conditions laid down by civic authority while granting the occupation certificate (OC), even though if such conditions are not a part of the sale agreement with flat buyers. Recently, a complaint was filed by Sarvottam Co-operative Housing Society against city-based Radhakrishna Developers. According [...] Continue Reading »

Underground water depletion terrors Gurgaon constructions

Underground water depletion terrors Gurgaon constructions
Gurgaon’s underground water table has reached a significant low of 51 metres and the state has failed to check on this. The water crisis which Gurgaon faced this summer is only going to get worse. The estimated demand is 200 million gallons per day (MGD), whereas Haryana Urban Development Authority (HUDA) is able to supply [...] Continue Reading »

50% of Haryana invests in realty sector

50% of Haryana invests in realty sector
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »

HMDA to raise 120 crore through auction

HMDA to raise 120 crore through auction
Hyderabad Metropolitan Development Authority (HMDA), which is undergoing a major fund crisis at present, hopes to raise Rs. 120 crore through auction of 42 plots. The authority which is in dire need of funds for even its own ongoing projects, has ruled out the possibility of fund transfer realized through auction to the government. However, [...] Continue Reading »

Godrej Properties to develop over hundred acres in Panvel

Godrej Properties to develop over hundred acres in Panvel
The Godrej Group’s real estate development arm, Godrej Properties, has announced that it has entered into an agreement to develop approximately 110 acres of land in Panvel. Godrej has entered into a profit sharing joint venture structure for this project where GPL will receive 35 per cent of the profits from the development. The project [...] Continue Reading »

SEZ developers get more time for project execution

SEZ developers get more time for project execution
The government has given more time to 33 special economic zone developers, including Uttam Galva Steels Ltd, Unitech Infracon and GMR Hyderabad International Airport Ltd, to execute their projects. The Board of Approval (BoA), a 19 member inter-ministerial body that deals with SEZs, at a meeting headed by Commerce Secretary, also allowed three SEZ developers [...] Continue Reading »

Monsoon brings woes to bad roads in Gurgaon

Monsoon brings woes to bad roads in Gurgaon
The residents of Gurgaon have been repeatedly complaining about the bad road conditions in the city and are apprehensive of the fact that with the coming of monsoons the condition would only get worse. They have alleged that the departments concerned, i.e., the civic bodies, Municipal Corporation of Gurgaon (MCG) and Haryana Urban Development Authority [...] Continue Reading »

Court bars construction in Gurgaon

Court bars construction in Gurgaon
The Punjab and Haryana high court has barred the state government and other agencies from issuing fresh licenses for any construction activity in Gurgaon unless builders gave an undertaking to not draw underground water. Raising concerns about the depleting groundwater level in Gurgaon, the bench asked the state officials to give details of how many [...] Continue Reading »

Private agency to catch tax evaders

Private agency to catch tax evaders
In order to conduct a survey of all properties in the city, officials of civic agencies propose to hire a private agency. Property tax department officials have suggested that a private agency should be hired to prepare the database and find out which house owners are evading tax. It is suggested that a team should [...] Continue Reading »

ACB raids raise revenue collection in Maharashtra

ACB raids raise revenue collection in Maharashtra
The Maharashtra government has conceded that the recent raids conducted by state anti-corruption bureau (ACB) at the octroi check posts have resulted in a rise in revenue. Octroi being the highest sources of revenue for the corporation, which adds approximately Rs 4,500 to its fund, is also a source of revenue theft as a large [...] Continue Reading »



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