Buildings
State owned Flag carrier Air India’s (AI) balance sheet has been in red for the last many years and the loss making company is reeling under the pressure to bring back its lost sheen. AI has approached the government of India undertaking company National Buildings Construction Corporation Ltd. (NBCC) to help it monetise its assets. [...] Continue Reading »
Within the end of the year, you might find yourself walking into one of the now unused buildings in your neighbourhood to watch a movie. The Corporation officials have identified land and buildings in several neighbourhoods to set up air-conditioned Amma theatres that will offer tickets at less than 25 which are very cheap as [...] Continue Reading »
The new CEO’s are looking happy with the announcement in this year’s union Budget while they plan to make an increment in their investments. The survey conducted by industry chamber FCCI, revealed the aforesaid last week. The union budget is thus being taken very positively in the industrial sector. The survey said that the CEO’s [...] Continue Reading »
Recently several cities in India are taking action against illegally constructed buildings. In Hyderabad also after a gap of around 20 days, the Greater Hyderabad Municipal Corporation or the GHMC has taken strict decision to make a renewal in the crackdown procedure of unauthorized buildings that have been constructed in the city. The Greater Hyderabad [...] Continue Reading »
Mr. Sitaram Kunte, municipal commissioner, of the BMC has given time till 10 April to issue the notices for structural tests to over 18,000 buildings that are more than 30 years old. It is compulsory for the societies to organize a non destructive test before the submission of the structural audit report to the BMC. [...] Continue Reading »
The Mumbai based developer, Godrej Properties has launched its latest project ‘Godrej E-City’ in Electronic City Phase-1, Bangalore. The project is spread across 15 acres and will be launched in three phases wherein the first phase will have 8-5 storey buildings and with 280 homes across 3.6 lakh sq ft. The project will have around 800 apartments spread [...] Continue Reading »
Union urban development minister Kamal Nath evoked a sense of urgency concerning the complete process of review of the city’s master plan by insisting that vertical development is the only way to go and the planning concerning this should be initiated by the market forces. He also said that if there are no high-rises in [...] 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 »
