Infrastructure
Realty developers are endeavoring more further support, in addition to the measures proclaimed, including the Rs 25,000-crore trial fund for fulfillment of abandoned and stuck housing projects, from the government to expand the requirement for housing and reducing liquidity pressure. Developers have stretched out to finance Minister Nirmala Sitharaman with approaches such as providing them adaptability on imposing GST [...] Continue Reading »
The government has revised the minimum land requirement and categorization of Special Economic Zones (SEZs). The new law will now permit the co-existence of any SEZ from any sector with others. From now onward, all existing and new SEZs would become multi-sector enclaves and help in the co-existence of such organizations from any other sector. [...] Continue Reading »
Pune: The central and state govt departments are expected to transfer land for proposed 23.3 km 2rd Metro Line from Hinjewadi-Shivajinagar by the first fortnight of January 2020. Approximately 2 hectares of land is required for the project in which 1.49 hectares will be acquired from the state govt and 0.96 hectares from the center. [...] Continue Reading »
Hyderabad: The Municipal Act 2019 which fell into disorder and came under judicial investigation will now be available in the Public domain. To bring transparency in giving building plan approval, Telangana govt would introduce for granting permission for the construction of a new building in the state soon said Minister for Municipal Administration KT Rama [...] Continue Reading »
In 1985, BDA passed a notification to acquire survey number 75 in Nagawara for forming the HBR II Stage layout, and the related acquisition was done in 1988. Bangalore Development Authority (BDA) officials on Tuesday recovered four acres of prime land worth Rs 300 crore in Nagawara, North Bengaluru. A building and sheds were erected there illegally, said, officials. [...] Continue Reading »
Frustrated accomplished a three-year suspension of the handover of flats, homebuyers of ILD Grand in Sector 37C on December 18 addressed the Haryana Rera (H-Rera) office to oppose the developer. The buyers testified that the project was originated on a 5-acre land in 2011 and the builder had pledged to give dependency by 2016. But [...] Continue Reading »
AURANGABAD: The civic body, supporting recently appointed municipal commissioner Astik Kumar Pandey is expected to originate an uncompromising tax recovery drive. Anticipating a statement to this conclusion, corporator and others have endeavored an amnesty scheme for tax defaulters. Several citizens also understand that huge defaulters should initial be demanded to clear their dues before the commoners are targeted. The [...] Continue Reading »
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 Real Estate Regulatory Authority of Uttar Pradesh (UP RERA) has written to over 1200 developers asking them to apply for a stress fund announced by the central government. The UP RERA authority said in a media release that the action has been taken in order to make sure that the promoters of such projects are informed [...] 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 »
