Realty News
It was quite surprising for the Tavaa restaurant on Turner Road in Bandra to welcome Brihanmumbai Municipal Corporation (BMC) for demolition. Even though the civic body had served noticed on the demolition drive, there was no response from the restaurant owner. The restaurant was complained of selling lethal weapons in Mumbai city. Therefore, Bombay High [...] Continue Reading »
Good news to all the flat buyers in Mumbai! You need not pay extra for parking. Same orders were passed on by the consumer court. According to the rules, parking is to be provided as one of the basic amenities. Under the Maharashtra Ownership Flats Act (MOFA) this rule was considered. Source: The Times [...] Continue Reading »
With the improvement in corporate sector and information technology (IT) sectors service apartments is slowing gaining importance. Serviced apartments are in the buzz in Indian real estate. Cities like; Delhi, Kolkata, Bangalore, Kochi and Pune real estate firms have started offering medium as well as high end serviced apartments. These service apartments are fully furnished [...] Continue Reading »
The lands which come under Tamil Nadu Urban Land (Ceiling and Regulation) Act 1978 will soon be under surveillance for genuine reasons. Slum dwellers and other citizens residing in nearby areas in Chennai has been opposing the construction of high rise apartment complexes. The complexes are being built in Perumbakkam, off Rajiv Gandhi Salai by [...] Continue Reading »
Is it Bruhat Bengaluru Mahanagara Palike (BBMP) who is sleeping or the constructors who are smartly carrying out the illegal construction? A temple is being raised at Kaikondanahalli lake within the Bellandur ward. It was a shocking news for BBMP when they were alerted about this illegal construction. It has been learnt that the temple [...] Continue Reading »
Municipal Corporation of Gurgaon (MCG) is busy waging war to completely eradicate illegal encroachers from the city. In the recent demolition drive, MCG removed several shops and jhuggis along Tikli road in Badshahpur. Residents of Gurgaon submitted this issue to MCG commissioner Sudhir Rajpal to eradicate illegally encroached land. This mess was resulting in daily prolonged traffic [...] Continue Reading »
The higher officials in Municipal Corporation of Delhi (MCD) have proposed an increase in property tax. So, property owners are ready shell out extra money from the next property tax payment. According to the budget for the year 2012 and 2013 there is proposed increase to be made for property charges and also for conservancy [...] Continue Reading »
Circle rates, a minimum rate for the valuation of the plot or an individual property will now be introduced in Himachal Pradesh. This has been taken into consideration with the implementations witnessed in places like; Uttarakhand, Haryana and Uttar Pradesh. These circle rates is said to be fixed revenue and will be revised once in a [...] Continue Reading »
The state revenue department has started replacing the 132-year-old Bombay Land Revenue Code (BLRC) along with the Gujarat Land Revenue Code (GLRC). Inclusive of these, a new Bill will come into action after the discussions in the upcoming Assembly session. Government now feel that the land laws has never acted according to the needs of [...] Continue Reading »
Bangalore residential realty market is witnessing new launches every now and then however, raising interest rates has become a major concern. Midst this concern well known developers are confident of meeting targets of 10 million square feet each in FY12. Prestige Group expert say that interest rates may not stay same in future as loans [...] Continue Reading »
