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Greater Hyderabad Municipal Corporation (GHMC) commissioner M T Krishna Babu on Tuesday had a meeting with the Federation of Colony Welfare Associations. It was proposed to implement two-bin system of garbage collection in 20 selected colonies to segregate wet and dry garbage at household level itself. He announced that GHMC would give preference to take [...] Continue Reading »
Here’s something to cheer for those who didn’t get DDA Flat in DDA housing scheme. The land agency is constructing 22,000 lower income group(LIG) flats in Rohini and Narela and 19,000-odd flats for the economically weaker sections (EWS) in Rohini, Dwarka and Narela. In LIG Flats, the agency is using the pre-fabricated technique to construct [...] Continue Reading »
Residents of forest land in Mulund received a setback this weekend when they were asked by the state forest department to pay “additional” money as net present value (NPV) of their flats. “Why is the forest department asking us to pay extra money? It has already collected the NPV as per Supreme Court directives about [...] Continue Reading »
Today real-estate projects in Gujarat have the highest quantum of super-built-up-area (SBUA) in the country, even more than some of the Tier-I cities like Delhi, Kolkata and Bangalore. Developers in the state employ the maximum SBUA, which stands at 50% of the carpet area (defined as the actual area the buyer uses) of both residential [...] Continue Reading »
The Chakrapani Vasahat, located along the Nashik-Pune highway, is a heavily populated area where migrant workers have constructed houses on plots measuring 500 to 2,000 sq ft. Radhabai Kondiba Devkar, an 80-year-old farmer, said, “Our forefathers had agricultural land in the Bopkhel village. The defence authorities acquired it when the Ammunition Factory of Khadki was [...] Continue Reading »
After many days of Supreme Court’s orders of canceling the allotment of farmland to private builders in Greater Noida, a fresh Public Interest Litigation (PIL) was filed on Tuesday challenging the Noida Authority’s decision to allot land of farmers at cheap rates for farmhouse scheme. In the petition, it has been alleged that the decision [...] Continue Reading »
Economic Growth will benefit Real estate in India. A more prosperous India in 2020 will be characterized by a better organized real estate industry which is transparent, efficient yet well regulated and focused on sustainable development. By 2020 India will become the 3rd largest economy after China and the US. It enjoys many advantages that [...] Continue Reading »
Real estate developers in Ahmedabad are building dwelling units of smaller size to make them affordable. The size of 3 and 4-BHK apartments reduced by around 40% to keep their prices down. The trend of smaller dwelling units started 3-4 years back but now it seems to have become the norm in the city’s construction [...] Continue Reading »
In the last 13 days,the Municipal Corporation of Delhi (MCD)’s south zone has taken sealing and demolition action against 99 properties, of which close to 75-80 were constructed on agricultural land. Intensifying its drive against unauthorized construction and encroachment, MCD demolished 10 properties on Monday, including one in Chattarpur Enclave which was razed to the [...] Continue Reading »
Enhancement of property tax has been on the cards of the municipal corporation for the past four years after formation of Greater Hyderabad. Since March was the financial year ending for the 2010-11, the municipal corporation has decided to hike property tax from the 2011-12 financial year. Two proposals were sent to the government separately. [...] Continue Reading »
