Realty News
We all know that builders do violate a few big and small Floor Space Index (FSI) norms. But due this, home buyers have to suffer. Similar situation happened when there was a CID inquiry being conducted into alleged violations of FSI norms in the apartments on Palm Beach Road, Mumbai. Some residents seem to know [...] Continue Reading »
Residents of Ayyappa Society at Madhapur woke up to a chaotic Monday morning. Over 700 police personnel were stationed at the site to deal with any trouble, as plot owners/builders opposed the demolitions. The demolitions brought traffic at Madhapur market area to a standstill. Other roads leading to the society were also closed by the [...] Continue Reading »
Many buyers occupy their property before procuring an occupancy certificate. If a consumer starts using a property without a certificate, he is as much at fault as the builder. Corporators have demanded that when it comes to high-rise buildings, the Pune Municipal Corporation (PMC) should not issue occupancy certificates, even to individuals, unless they get [...] Continue Reading »
BDA identified 51 unauthorized constructions in the Vishwabharati Housing Co-operative Society in Hosakerehalli 80 Feet Road and started demolition of illegal buildings at 6am. Among them, nine property owners had obtained a court stay order. BDA launched a sudden demolition drive leaving many helpless owners in deep despair. Over 150 policemen were deployed to maintain [...] Continue Reading »
The Municipal Administration and Urban Development (MA&UD) had directed the Greater Hyderabad Municipal Corporation (GHMC) to clear Layout Regularisation Scheme (LRS) applications by September and Building Penalisation Scheme (BPS) files by July-end. The maximum number of pending applications is in L B Nagar and Kukatpally municipal circles where scrutiny was not done by the town [...] Continue Reading »
In the current environment, renting an apartment works out to be much cheaper than outright purchase.It’s the newer properties where one notices sluggish sales because of their high rates. A trend of buyers look at old properties with a substantial number translating into sales. Not surprising then that corporates who own flats in such good [...] Continue Reading »
Houses for the middle-income group will have a wall-to-wall carpet area of up to 816 square feet, a preferred standard measurement approved by the Union ministry of housing. If one calculates the additional super built-up area, it would be 1,101 square feet.The municipal corporation or urban development authorities deduct 40% from a land owner for [...] Continue Reading »
In Ahmedabad, you cannot have any commercial activity near a road up to nine metres wide. A road that is between nine and 12 metres wide would allow mixed land use while an 18 metre wide road would allow only commercial activity. When the new General Development Control Regulations (GDCR) norms came into effect, the [...] Continue Reading »
On the direction of the Allahabad High Court to reach an accord for an amicable settlement between the farmers and the Greater Noida authority, the farmers are making efforts from their side.The authority may mislead the court, so the Gramin Panchayat Morcha (GPM) has decided to prepare a charter of demands. The farmers of Patwari, [...] Continue Reading »
In the early days, buildings were sold by carpet areas. In the 1960s, buildings began to be sold by built-up area (BUA), which includes walls and some passages, but excludes lifts, staircases, common passages, flowerbeds and other non-living spaces. The built-up area counted in the floor space index (FSI) was between 10% and 20% more [...] Continue Reading »
