Building
The Government’s plans of boosting manufacturing have been hit because the land prices have increased. Acquiring land for a factory or warehouse is turning out to be a real challenge for the Indian manufacturers. The capital required to buy large tracts of land is shooting up and this has posed a major problem for the [...] Continue Reading »
The MMRDA official was hoping to complete new building by September 2014, as per the earlier deadline. Mr. UPS Madan, MMRDA’s metropolitan commissioner, says that there has been some obstruction as the interior work is going on. They hope to finish the work in 6 months. The cost of this project is also increased because [...] Continue Reading »
New Delhi- In a recent announcement made by Agro-chemical firm, Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra. Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as [...] Continue Reading »
The Brihanmumbai Municipal Corporation’s (BMC) website has been upgraded to display the names of all city buildings that have an occupational certificate (OC). Recently more than one lakh flat owners of 6,000 buildings in the city of Mumbai have had to bear the brunt of the absence of an OC by paying double water charges. [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has been able to reclaim the Lagoon Road after 30 years. In a major demolition drive, officials of P-north ward office have razed over 100 illegal shanties, 30 commercial structures and at least 12 illegal garages to clear Lagoon Road in Malwani area in Malad (West). Encroachment has been rampant [...] Continue Reading »
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
The trend has been that compared to other metros, the overall demand for 1BHK apartments in Bangalore are much lower. However, the recent trend shows that 1BHK apartments have gained importance in localities of North Bangalore, closer to the Devanahalli Airport. North Bangalore is growing primarily on account of proximity to the International Airport in [...] Continue Reading »
Real estate firm DLF has announced that it plans to launch new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli. These projects are dubbed as part of company’s strategy to strengthen its presence outside Gurgaon. The company has not finalized the business plans entailing the investment detail in these projects. As per the company management, [...] Continue Reading »
Bangalore developers are performing much better than their counterparts in the rest of India in terms of sales and aggressive project launches. As per the books, Shobha Developers and other leading realtors are in better position than their counterparts in other metros. Although Bangalore-based real estate firm Brigade Enterprises Ltd’ s numbers contrast with Shobha’ [...] Continue Reading »
