Realty News
The finance minister had outlined the tax treatment for real estate investment trusts (REITs) in his Budget speech. Sebi, the markets regulator, had proposed draft regulations, which have now been approved by the government. A REIT is to be set up as a business trust and its units are to be mandatorily listed on the [...] Continue Reading »
The Haryana government alleged move to acquire over 1,300 acres of prime land in Gurgaon from farmers and later de-notify it in favour of private builders has come under judicial scanner with the Supreme Court seeking details of sale deeds the state entered with companies to transfer ownership of land to them. The direction came [...] Continue Reading »
Hundreds of flat buyers under the banner of Noida Extension Flat Owners Welfare Association (NEFOWA) assembled on Sunday at Greater Noida West to protest against the one of the major issues raised by NEFOWA is the additional ‘land acquisition charges’ that builders are allegedly adding to the final settlement bills before handing over the flats. [...] Continue Reading »
Narendra Modi has made a conscious decision to give commerce minister Nirmala Sitharaman a foot in the finance ministry as well for a reason. The main reason is to try and make sure that bitter turf wars that have existed in between the two sides could be resolved to the mutual benefit of all concerned. [...] Continue Reading »
Around a dozen high-net-worth individuals, including the CEOs and top lawyers, are planning to send a legal notice to developers Century Real Estate Holdings and Goldman Sachs for delaying their homes in an upcoming Four Seasons hotel-cum apartment block in Bangalore where apartments are priced at Rs 4-15 crore. The buyers in this apartment include [...] Continue Reading »
When the flyover opens, it could be the lifeline for people living in the northern parts of the city. But the 80-crore flyover project that is being constructed and will be connecting the central parts of the city to Sathyamurthy Nagar and Erukkanchery continues to be delayed and is not expected to be completed in [...] Continue Reading »
A survey that has been conducted by the Jaipur Development Authority (JDA) turned out to be an eye opener. The survey by JDA has revealed that majority of thee big commercial buildings and other projects that have been constructed during past 13 years have not adhered to the maps that was approved by the building [...] Continue Reading »
The central government was likely to notify the new master plan – 2031 on the 30th of October. This new master plan will be notified after the Administrator’s Advisory Council (AAC) of the UT administration sends its draft to the ministry of home affairs and the ministry of urban development. Officials have said that no [...] Continue Reading »
Around four of the tahsildars who had served in Devanahalli on the outskirts of Bangalore from the year 2007 have been booked by the Karnataka Lok Ayukta police for involving in violations regarding the grabbing of government land in the region where land prices have been sky rocketing since a new Bangalore International Airport was [...] Continue Reading »
In Shimla now any kind of illegal construction could land a person in jail as the Shimla Municipal Corporation (SMC) has made amendments in the pre existing Act so that it can help to regulate the construction activity that is frequently undergoing in the tourist town. Since the past years the unplanned growth in Shimla [...] Continue Reading »
