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The government made rainwater harvesting mandatory in all the buildings in 2002. Now the government gives sanction for new buildings only such structures are part of the plan. In harvesting’ rainwater from the rooftop is led through pipes into a recharge well on the premises. The rain water falling on the ground and driveway can [...] Continue Reading »
Representatives of more than 30 residents’ welfare associations (RWAs) met special commissioner traffic B S Bassi and joint CP (traffic) Satyendra Garg on Monday morning to discuss the traffic problem in the Savitri Cinema, GK-II area. With the lieutenant governor of Delhi (L-G ) , Tejendra Khanna, directing UTTIPEC and Delhi Traffic Police to look [...] Continue Reading »
The Byculla plot is occupied by 11 dilapidated municipal tenanted buildings constructed after 1940 with 278 tenants of Bombay Municipal Corporation (BMC) as well as 162 slumdwellers. BMC has decided to call for public bids to benefit tenants as well as boost its coffers while developing its property at Saat Rasta, Byculla, the Bombay High [...] Continue Reading »
With farmers in Sahberi and other Noida Extension villages now eager to sell land directly to builders for higher rates, the govt is worried that planned development in the area could go for a toss. TOI did a quick survey of the Noida Extension-Greater Noida belt and found several unauthorised enclaves plotted and sold by [...] Continue Reading »
The RBI is concerned about transparency in the system. If good projects come up, banks will fund them. Lending to the sector will not decline but what would really impact the sector is the time-consuming process of obtaining approvals from various regulators and inflation. The Reserve Bank of India has laid out strict due diligence [...] Continue Reading »
over 300 flat buyers in Noida protested at Kisaan Chowk on the Greater Noida-Ghaziabad highway against the real estate developers. Even four days after the SC verdict arrived, neither the builders nor the authority were willing to state clearly the lands which were disputed and which ones were not in the area, the investors said. [...] Continue Reading »
The Mumbai suburb too is becoming increasingly unaffordable. Recently, a 950-sqft, 2-BHK flat in Vashi’s sector 17, is now selling for a record sum of Rs 1.21 crore. Another apartment in the same locale, that a broker sold for Rs 82 lakh even six months ago, is now on sale at an asking price of [...] Continue Reading »
Malleshwaram Residents’ Welfare Association (MRWA) lodged a police complaint against misusing their banner to support the widening of Sankey Tank Bund Road a few days ago. Malleshwaram Residents’ Welfare Association is in favour of greenery at Sankey Road but a few days ago some persons distributed pamphlets falsely claiming that the association was supportive of [...] Continue Reading »
International Finance Corporation (IFC) is strengthening its affordable housing team in India. Senior investment and property development managers and green specialist from its global office are expected to join the Indian arm by August. The low-cost housing initiative is currently headed by Subrata Dutta Gupta who was earlier involved in IFC’s housing finance business. It [...] Continue Reading »
The Centre is likely to introduce real estate regulation bill in the monsoon session. The Real Estate (Regulation and Development) Bill 2011, prepared by the Housing and Poverty Alleviation (HUPA) Ministry intends to promote planned development of real estate and protection of public interest among others. The Centre is likely to introduce the bill in [...] Continue Reading »
