Buildings
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 »
Avalon Group announces the launch of its biggest project in Bhiwadi. The 1,100 flats project in Delhi, spread over 15 acres, is estimated to ensure a sale price of Rs 400 crore. . The project is called The Royal Park project. The company disclosed that the average price would be Rs 2,300 to Rs 2,600 [...] Continue Reading »
Retired lieutenant general Tejinder Singh,a member of the Adarsh housing society, has said the inquiry commission that the Adarsh building was not a security threat to any army installations. He said he did not paid any attention to the security concerns of the defence department as he felt the building did not pose any threat [...] 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 »
The Bombay high court has restricted developer Vasant Sagar Properties Pvt. Ltd from carrying out any construction work beyond five floors. The builder had proposed to build a 13-storey residential building in Marine Drive, which violates the height limit of 28 meters. However, the builder said that all rules were being followed for construction and [...] Continue Reading »
The country’s largest listed real estate company, DLF‘s shares increased by 1.2 percent of Rs 197 after a report that the company is selling its plot in Mumbai. The report said that the plot is being sold to Lodha group and a private equity company for Rs 2,800 crore. A report in Economic Times said [...] Continue Reading »
Godrej Properties, the real estate arm of Godrej Group has registered 70.64 per cent growth in consolidated net profit at Rs 17.15 crore for the quarter ended June 30 due to strong sales. The company had registered net profit of Rs 10.05 crore in the corresponding period last year. The firm’s total income grew by [...] Continue Reading »
Even as the Central Public Works Department (CPWD) has proposed plots for construction of new Parliament House, government sources said that there was no plan to shift the parliament to a new building. Several MPs, including those from Congress and BJP have also indicated their opposition to shift Parliament to a new building. In a [...] Continue Reading »
The Gujarat High Court has asked Ahmedabad Municipal Corporation (AMC) chief to inspect all 908 high rise buildings in the city for fire safety equipment, and submit a report before the court. According to statistics, there are 1232 high-rise buildings in the city and out of these, 907 do not have fire safety no objection certificate (NOC) from the fire department. [...] Continue Reading »
