Civic Issues
It is recorded that in several areas in urban and rural Bangalore, residential sites have been formed and sold by creating fake documents. So, the inspector general of stamps and registration has directed all sub registrars, especially those in Bangalore, not to register any property that does not have valid conversion certificates. The authority has [...] Continue Reading »
Infrastructure has a greater impact on real estate industry in India. After that announcement of cancellation of Jewar Airport Project, the real estate market in Greater Noida and around Yamuna expressway has witnessed a downward trend. The construction of the airport is cancelled on the base of a clause in the agreement between Centre and [...] Continue Reading »
The cost of properties in Pune are going to increase as the Pimpri Chinchwad New Town Development Authority (PCNTDA) has decided to increase the transfer fees and plot selling rates by 10 to 30%. For residential areas, the selling rates would range from Rs 3,660 to Rs6,120 per square meter and for developed sectors from [...] Continue Reading »
Kundanhalli Lake is surrounded by multi-storied buildings and apartments in Bangalore. The Lake bund is completely covered by the concrete jungle. According to the Supreme Court’s direction, it is illegal to construct any property within 30 meters from any lake bund. This rule is being violated by the builders and developers in Bangalore as many [...] Continue Reading »
The Margao Municipal Corporation will inspect an illegal construction site near Shri Krishna temple at Pajifond, Margao. The president of the temple committee has filed a complaint last week, with the MMC demanding the MMC to resolve the matter regarding the alleged illegal construction. The devotees of the temple gathered in front of the construction [...] Continue Reading »
As there is no regulator in the real estate industry, the home buyers suffers a lot by the delay in project. Often builders refuses to listen to the buyers for the delay in Projects in India. To overcome the scenario, a regulatory bill is essential to enhance transparency in the real estate industry and promote [...] Continue Reading »
Though the Bruhat Bangalore Mahanagara Palike (BBMP) claims that they are prepared for the rainy season, the civic life of the city is always troubled during the monsoon. Every time it rains, the low-lying areas are flooded. The experts of civic issues have said that this happens as most of the primary and secondary storm-water [...] Continue Reading »
As the state government of Maharashtra has proposed a hike in the stamp duty of the property transaction, the buyers of the residential and non-residential properties in Mumbai will have to pay a five per cent stamp duty on the market value of the property. Earlier, the stamp duty in Mumbai was charged at Rs [...] Continue Reading »
The dumping of construction rubble into the Keelkattalai Lake over the past few days was polluting the environment. The lake is one of the sources of drinking water for the residents of the Gandhi Nagar area. A wide variety of birds such as egrets, herons and cormorants also appears in the lake. Over the past [...] Continue Reading »
The Tamil Nadu government has planned to construct 2104 green houses in Krishnagiri district. These apartments in Chennai and other areas will be constructed under the Chief Minister’s Solar-powered Green House Scheme. The minister has also confirmed that all the construction will be completed by July 30th. The total cost of the construction will be [...] Continue Reading »
