Builders
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 »
Residents of L & T South City Bannerghatta Road, Bangalore protested at the Freedom Park, Gandhinagar against Messrs L&T and Dinesh Ranka for cheating South City apartment owners and deficiency in their project. Though originally L&T South City project scheduled to be completed by 2005, the project has dragged on for about 12 years and [...] Continue Reading »
A day after it announced a modest budget, endeavoring to explore fresh sources of revenue, the BMC Mumbai on Saturday issued a circular, raising the penalty on illegal constructions by four times. According to source, unscrupulous builders and tenants carrying out irregularities in their flats and buildings now must get ready to pay a heavy [...] Continue Reading »
City-based developer said that realty prices could rise by 10 per cent. Builders say if suppliers of raw materials don’t reduce prices, they will be forced to pass on the royalty burden to property buyers. The Gujarat Government on Thursday has passed a resolution to charge royalty on minor minerals used as building materials from [...] Continue Reading »
