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For the past many years construction of private builder’s flats in Ghaziabad is in full swing as more and more people from adjoining areas have recognized Ghaziabad as a major and affordable housing destination. Unauthorized constructions, other than those approved by GDA in their records, also take a heavy toll on sewage, parking space and [...] Continue Reading »
Destruction of mangroves is progressing along the shores of Vembanad Lake. In the Udayamperoor area of the Vembanad Lake, massive destruction of mangroves continues without any interference from the environmentalists or from the local people. Wetlands and mangroves serve as the main cooling agents of the surroundings and maintain a balance between the heat and [...] Continue Reading »
Promoters of Apple A Day Properties, Kochi-based real estate company and money-chain fraudsters duped around Rs 1,000 Crore. Kerala Police said they are investigating a multi-city investment scam involving real estate developers and money-chain fraudsters that could have left lakhs of victims in the state and abroad poorer by upto Rs 1,000 crore. “Apple A [...] Continue Reading »
The Ministry of Environment & Forests has prepared a nomination dossier for the inscription of 39 sites in the Western Ghats on the World Heritage list. Of the 39 sites, four, including the Kas plateau, are in the Sahyadri (Maharashtra) range. Better connectivity to the plateau has resulted into huge number of visitors flocking the [...] Continue Reading »
The residents of a housing society are banned from keeping pets by the management committee. The committee of Kanchunjunga Cooperative Group Housing Society (CGHS) in Sector 56 has justified its move citing a by-law that it claims exists in the original allotment letter issued to occupants. It has even issued a circular terming the presence [...] Continue Reading »
In 2007, CMDA and corporation officials conducted a survey of commercial multistoried buildings on North Usman Road, South Usman Road, Ranganathan Street, GN Chetty Road, Thyagaraya Road and Venkatanarayana Road in T Nagar, Chennai and found that 64 had violated norms and didn’t file applications under any regularisation scheme. “Many of them had an FSI [...] Continue Reading »
The recent Supreme Court ruling brings to light the fact that the builders need to be more transparent regarding the land they are developing and the buyers need to be more cautious about the status of the land on which their flats/houses are being built.The Supreme Court ruling has come as an eye-opener to all [...] Continue Reading »
According to recent finance ministry data that captures the performance of public sector banks, instances of home loan defaults contributing to gross non-performing assets (NPAs) was the highest in the category of loans up to Rs 2 lakh. The figure stood at six per cent in 2010-11, slightly lower than 6.4 per cent in 2009-10. [...] Continue Reading »
The seven major builders active in the Noida Extension area on Wednesday announced they would repay – with interest – all those home buyers who wish to withdraw from the stricken housing projects after the Supreme Court’s order on Tuesday. In spite of the developers’ assurances, many members of Noida Extension Owners’ and Members’ Association [...] Continue Reading »
Builders are estimated to have launched a minimum 50,000 housing units in Noida Extension, which is part of Greater Noida, but buyers are keeping safe distance in the face of the Supreme Court judgement annulling 156 hectares of land acquired for building about 6,000 of these houses. Sale of housing units have virtually come to [...] Continue Reading »
