Realty News
Before buying any property the buyers should verify whether the owner of the building possesses a completion certificate duly issued by Allahabad Development Authority (ADA) or not.The certificate is issued within 90 days of receiving the application and in case of refusal, the concerned party has the right to apply for review within six weeks. [...] Continue Reading »
For the past three years, the BBMP and the BDA have been at loggerheads over the issue of building plan approvals and Occupancy Certificates (OC). The fight intensified after the elected body in the Palike came into being last year. The BBMP Bangalore has drawn up a list of 583 buildings within the BBMP limits, [...] Continue Reading »
26,000 homebuyers had been homeless and their dreams have been shattered in less than a fortnight time under the twin blows order by Allahabad High Court of Sahberi and Patwari verdicts, but seems the realisation that it is more important to buyers to ensure the survival of Noida Extension first for safeguarding individual investments is [...] Continue Reading »
In the April-June quarter of 2011, commercial office space market in the country seen strong demand and witnesses over 33 per cent increase in office space. Delhi NCR, Mumbai, Bangalore and Chennai were the leading cities accounting for almost 80% of the entire space that was absorbed in the country. According to a latest survey, [...] Continue Reading »
MD of IDEB Projects and Buildcon, Harkirat Singh Bedi was arrested by the Whitefield police following several FIRs being filed against him. He was accused of cheating 80 investors of about Rs 150 crore and several banks of about Rs 300 crore. He was released on bail later in the day after promising to settle [...] Continue Reading »
When Supreme Court upheld an Allahabad high court order cancelling the land acquisition in Sahberi village, the builders had offered to relocate the initial 6000 homebuyers out of 26000. But still buyers have little prospect of relocating to another apartment in the same area and on top of that they will also have to keep [...] Continue Reading »
The Patwari farmers got what they wanted. It was their 600 hectares of land which was acquired by the builders and was given back as per the Allahabad High Court order to Greater Noida Authority and developers. For about 600 hectares in Patwari, the total compensation paid to farmers was over 450 crore. Yet they [...] Continue Reading »
Every housing society with more than 50 flats must have their professional housing manager. The number of minimum flats will be finalized after talks with the federation of housing societies. Soon it will become mandatory. There are 70,000 housing societies across Maharashtra and nearly 40,000 in the Mumbai-Thane belt. People who act as managing committee [...] Continue Reading »
The Allahabad High Court quashed acquisition of nearly 600 hectares of land in two villages in Greater Noida for residential purposes. The land was acquired by the state government through notifications in March 2008 and May 2008 for building residential complexes in Greater Noida area neighbouring Delhi. The order came barely a fortnight after the [...] Continue Reading »
For property buying in Pune, Zone certificate and the part-plan are important. PCMC Pune making a digital record of the Development Plan (DP). Making a digital record will help keep the fraudsters away and this will help citizens get the zone certificate and land survey numbers of fringe areas on the click of a mouse. [...] Continue Reading »
