Realty News
The Greater Noida Industrial Development Authority (GNIDA) has made it mandatory for an allottee to plant a few evergreen trees in their premises.The rule holds true not only for residential areas, but commercial, institutional and industrial plots as well. All allottees have to fulfill this condition. If you are planning to construct a house in [...] Continue Reading »
Over one lakh illegal buildings in Chennai not only cause a strain on civic infrastructure but also attack the foundations of a law-governed society. Areas like Sowcarpet, T Nagar and Mylapore, continue to add more FSI, causing congestion in narrow bylanes, clogging of sewer lines, and reducing water supply in pipelines. In areas like Adyar, [...] Continue Reading »
A majority of ultra High Networth Investors (HNIs) are mandating what are called family offices to help them cherry pick grade ‘A’ commercial properties. Family offices are specialized financial firms managing investments and trusts of wealthy clients. The report, which defines ultra HNHs as having a minimum net worth of Rs 25 crore, estimates that [...] Continue Reading »
Fund-crunched BBMP Bangalore started serving notices property tax defaulters. In the first phase of the drive, the focus is more on the properties that have to pay tax to the tune of more than Rs one lakh. BBMP has started serving notices to property tax defaulters in Mahadevapura zone. There are 180 such properties in [...] Continue Reading »
The guidance value of properties in Bangalore hiked. The revision had not taken place in the past four years and difference between guidance value and market value was huge. The government was incurring a huge loss in revenue as guidance value was not on a par with market value. Currently, the guidance value revision is [...] Continue Reading »
The Pimpri Chinchwad Municipal Corporation (PCMC) is constructing 13,250 houses under the JNNURM scheme for the people belonging to the Economically Weaker Section (EWS) category. PCMC mayor Yogesh Behl announced that the draw of lots for the allotment of the 6,720 houses will be held by the end of this month. Behl said, “An auditorium [...] Continue Reading »
The Haryana government has imposed an embargo on the developers of Mayfield Garden project after a series of complaints lodged by resident groups which said the colonies falling under the project in sectors 47, 50, 51, 52 and 57 have not been set up according to the approved plan and the agreement between builders and [...] Continue Reading »
Addressing a press conference at Noida, representatives of the Confederation of Real Estate Developers’ Association of India (CREDAI), Western Uttar Pradesh Chapter, said that all those who had booked houses in the affected projects would get back their money, including the cost incurred as home loan interest, if they so desired. The builders and developers [...] Continue Reading »
Soon, Delhiites will be able to get floor-wise building plans sanctioned from the Municipal Corporation of Delhi (MCD). People will not have to take the permission from other occupants of the building before carrying out any alteration on their floors. The new guidelines include waiving of the condition of ‘No Objection Certificate’ from the owners [...] Continue Reading »
In a major policy decision, the state government has decided to release all welfare benefits only through the Aadhaar card. Andhra Pradesh is leading in Aadhaar card enrollment in the country. Till date, 1.80 crore persons have applied for the 12-digit unique number and a record number of 42 lakh Aadhaar numbers have been generated [...] Continue Reading »
