Ahmedabad
3,800 houses were being allotted under economically weaker sections (EWS) housing scheme at the Sabarmati riverfront in Ahmedabad on Wednesday. After the allotments touts made their rounds at the centre specifically among those who had been allotted houses in Odhav area. They claimed to buy these houses for anything between Rs 3 and 5 lakh. [...] Continue Reading »
Since January, real estate brokerage firms in Ahmedabad have seen a slump in business by about 30 per cent. Property bookings have also been on a downhill since couple of quarters now. Real estate consulting firm, Jones Lang LaSalle (JLL) India states that the downgrading of US economy has also played a part in aggravating [...] Continue Reading »
The Ahmedabad Municipal Corporation (AMC) plans a 100% clearance of all garbage containers in the city. In fact, from next Wednesday, deputy municipal commissioners in individual zones will monitor garbage-dump clearance. The AMC will also strengthen its fleet with 40 garbage trucks fitted with lifters and compactors. Each vehicle can lift an average of 200 [...] Continue Reading »
A new property tax formula with weightage for different properties has been introduced by the state’s latest municipal corporation. The final proposal will be placed in front of the general board of the Gandhinagar Municipal Corporation (GMC) for consent.The general board would debate on whether to base the new tax formula on the Ahmedabad or [...] Continue Reading »
Houses for the middle-income group will have a wall-to-wall carpet area of up to 816 square feet, a preferred standard measurement approved by the Union ministry of housing. If one calculates the additional super built-up area, it would be 1,101 square feet.The municipal corporation or urban development authorities deduct 40% from a land owner for [...] Continue Reading »
In Ahmedabad, you cannot have any commercial activity near a road up to nine metres wide. A road that is between nine and 12 metres wide would allow mixed land use while an 18 metre wide road would allow only commercial activity. When the new General Development Control Regulations (GDCR) norms came into effect, the [...] Continue Reading »
With the increase in policy rates by the central bank on Tuesday can impact the financial performance of the real estate sector. Increase in policy will have much lower impact on the realtors with strong cash flows. According to a Citibank study, the upward revision in the increase cost will have much lower impact on [...] Continue Reading »
A polythene bag that can easily fly in the air is now illegal – this is how environment ministry officials define polythene below 40 microns for the public to understand. Bags below this measure are banned. Gujarat Pollution Control Board has to prepare an annual report on implementation of the ban and send it to [...] Continue Reading »
Realizing that metal garbage drums a failure, Ahmedabad Municipal Corporation (AMC) has now ordered RCC Cement garbage drum. The new containers will be placed near Kaanch ki Masjid, Khamasa, Bhatiyarwada, Mota Banba, Astodia and in certain places in Jamalpur ward. With the new RCC bins, the AMC expects that residents and commercial centers around would [...] 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 »
