Andhra Pradesh
The Andhra Pradesh state government has endowed the newly constituted Andhra Pradesh Land Management Authority (APLMA) with the responsibility of protecting government land. Special emphasis has been laid on the tank bed land in the state. Recently there has been stress on the protection of lakes in GHMC areas as more than fifty lakes in [...] Continue Reading »
Revenue from property registrations has come down considerably in Nellore district in Andhra Pradesh. The dip in revenue is due to a slump in real estate activities in Nellore. The slump has been attributed to nearly Rs.500 crore stuck in circulation schemes. Moreover, investors are interested in buying gold and silver instead of land or [...] Continue Reading »
After several failed attempts with different players, Jaiprakash Associates reportedly have got Irish building materials group CRH Plc. enter into India with them. As per reports the Irish group has entered the fray to buy Jaiprakash Associates’ cement plants in Gujarat and Andhra Pradesh. Jaiprakash Associates, a diversified Delhi-based conglomerate with interests in cement, power, [...] Continue Reading »
Even though the real estate sector has not been doing very well, the Andhra Pradesh government is planning to revise the market values of agricultural and urban lands from August 1. The move is taken to increase the revenue to the department of Registration and Stamps by raising the registration fee and stamp duty, which will [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
Raising the concerns regarding safety of public health, the Andhra Pradesh government has not yet relocated the hazardous industries from Bholakpur in Musheerabad. The AP State Human Rights Commission had directed the authorities to shift the industrial units, particularly those dealing in the animal skin business, plastic and scrap outside city limits after the May [...] Continue Reading »
The Supreme Court has upheld the AP high court ban on sand quarrying. However, the contractors of Maharashtra are continuously excavating sand from areas of Nizamabad district. Construction activity of real estate in Mumbai are coming to a grinding halt due to the court’s order, the sand mafias are illegally extracting sand for getting higher [...] Continue Reading »
The chief minister of Andhra Pradesh has inaugurated the construction of 151 affordable houses at Tirumala for the homeless people. The construction of each houses will cost Rs. 3.8 lakh and all the construction of all the houses will be completed in eight months. All the houses will be constructed near Mangalam, a village near [...] Continue Reading »
The Hyderabad Extended Area Master Plan approval is kept pending. As the Hyderabad Metropolitan Development Authority (HMDA) is planning to extend date in concern with receiving objections and suggestions from citizens. The actual draft of this master plan was released previous year July 22 to look forward for the objections and suggestions from residents. Also, [...] Continue Reading »
The Indian Real Estate Transparency Index 2011 reveals Tamil Nadu as a second transparent state in maintaining real estate transactions. According to Jones Lang LaSalle report ranking was based on the factors of progressive business environment, market information, reforms in urban local bodies and also protection of property rights. This has proved a good work [...] Continue Reading »
