Builders
The investors who booked flats in different projects of Mayfield Gardens in Gurgaon are stuck in a terrible situation as their investments are not just stuck in bad deals, but the hope of recovering their investment is also fraught with numerous problems. The Town and Country Planning Department (TCPD) had cancelled the licenses of the [...] Continue Reading »
The sales tax department of Mumbai raided offices of 15 builders including Marathon, Ajmera, Keystone, Bhoomi realty, Naman and Acme, for evading payment of value added tax (VAT) and recovered Rs 20 crores. The Bombay high court had upheld the 1% VAT imposed on the sale of properties by the state in April. The builders had [...] Continue Reading »
Any builders who undertake projects of five flats and more in Carambolim in Goa is to face demands charted out by locals which are passed by the Carambolim panchayat. In the gram sabha, members considered issues related to the construction activity in the village taking into account garbage disposal, water and power supply. Several members [...] Continue Reading »
With about 1,400 property owners resisting the acquisition of land, the execution of Hyderabad Metro Rail project is facing delay, according to Greater Hyderabad Municipal Corporation. The GHMC has so far managed to acquire 2,000 properties, but the corporation has to acquire 1,400 more properties. The Additional Commissioner (Planning), Mr K. Dhananjaya Reddy said that [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has decided to check on the illegal/unauthorized constructions that are growing in the surrounding gram panchayats. In a strict gesture, it has served notices to as many as 3,000 owners and builders of illegal buildings above three floors. According to the building rules, gram panchayats can give building permissions [...] Continue Reading »
A newly built luxurious apartment by the Providence Builders and developers was inaugurated in Bejai, Mangalore, on Saturday July 14. The apartment is named Providence Abode-2 developed by Providence, promoted by two young entrepreneurs who have an experience of over a decade in building quality homes, apartments and layouts. A formal stage programme was also [...] Continue Reading »
Home buyers in Gurgaon are worried over the high court’s order of ban on issuing fresh licences to builders due to water scarcity in the city. Home buyers are apprehensive as the order might push the delivery deadlines and cause a hike in real estate projects. Property prices are likely to go up citing an [...] Continue Reading »
As a responsive measure to the depletion of groundwater at a great speed, the apex body for real estate Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to adopt rain water harvesting as corporate social responsibility (CSR) this year. The announcement comes two days following the Punjab and Haryana High Court directed [...] Continue Reading »
The Maharashtra Housing Bill 2012 has finally been passed by both Houses of the Maharashtra legislature, which sets the stage for the development of the country’s first housing regulator and appellate board with substantial powers to protect the consumer and penalize the builders in case of any offense. The Bill has laid down the rules [...] Continue Reading »
Income tax (I-T) officials from Rajkot, Ahmedabad and Surat, on a key operation, carried out searches at 26 and surveys at 25 premises belonging to three builders in the city on Tuesday. The officials are inspecting the offices and houses at Varachha, Katargam, Nana and Mota Varachha and project sites at Vyara in Tapi district, [...] Continue Reading »
