Realty News
Considering the housing shortage in the country, a big boost to ‘rental housing’ concept is the need of the hour. The same can be promoted in several ways. CREDAI is expecting three major things from budget. Their demands include a flat 10 percent tax on income from renting of properties and services of property management [...] Continue Reading »
With Pune progressing fast on the realty front, hundreds of constructions have come up across the city and with similar number of renovations of flats and other properties happening, the debris is being dumped recklessly, much to the alarm of environmentalists. If the Pune Municipal Corporation (PMC) wants to contain further degradation of water bodies, [...] Continue Reading »
Nashik Municipal Corporation’s (NMC), General Body Meeting (GBM) resolved to grant higher Transfer and Development Rights (TDR) for land owners at Tapovan to acquire plots for Sadhugram to accommodate the sadhus visitng the city during next year’s Kumbh mela. City’s Mayor, Yatin Wagh said the civic body would grant TDR of 10 for land at [...] Continue Reading »
The ultimate status symbol the city’s ultra rich is living in a bungalow. Penthouses and sky villas with 360-degree views aren’t really impressive to them. In 2011, industrialist Sajjan Jindal bought Maheshwari House — a sea-facing, three-storey bungalow having a porch and a garden at Nepean Sea Road. The cost was estimated to be Rs. [...] Continue Reading »
Banks can provide infrastructure lending to special purpose vehicles (SPV) on the basis of the guarantees or security provided by a holding company. The Corporate Affairs Ministry has clarified that for loans made by a bank to a subsidiary company, a holding company can (without any limit) give guarantee or provide security. Bankers say that [...] Continue Reading »
Sub-regional plan revised by Haryana but the builders have to wait for change of land use licenses. Real estate projects awaiting change of land use (CLU) licenses have seen a ray of hope from the state government as the department of town and country planning on Tuesday submitted a revised sub-regional plan to the NCR [...] Continue Reading »
Noida Authority office witnessed a demonstration by the people highlighting the alleged irregularities in the allotment of flats under the JJ Dwellers Resettlement Scheme. Protestors alleged that the list of allottees issued by the Authority contained a number of fake names and non-applicants. An association of slum-dwellers in the city, Noida JJ Sanyukt Punarwas Manch [...] Continue Reading »
Coimbatore Master Plan is expected to be delayed by another two months. Geographical Information System (GIS) is not expected to be completed by the February 28 deadline. GIS helps to determine the existing land use patterns. The existing land use patterns in the district are being mapped by an eighteen member team of volunteers from [...] Continue Reading »
Kolte-Patil Developers, one of the biggest realty developers in Pune has entered into agreements for two redevelopment projects in Mumbai’s western suburbs. The cumulative area of both the suburban redevelopment projects is around 600,000 sq ft, the company said in a release. The first project for redevelopment is that of Jay Vijay co-operative housing society at [...] Continue Reading »
The National Highways Authority of India (NHAI), after serving an “intention to issue termination notice” to the concessionaire on February 11 is now pondering all alternatives to carry out the remaining work on the Jaipur-Gurgaon stretch of National Highway 8.But the highway users will have to face misery for few more months because of limited [...] Continue Reading »
