Chandigarh
The procedure for taking action against unauthorized constructions and illegal conversions provided in the Haryana Municipal Corporation Act is very lengthy and the offenders continue with their illegal activities in spite of notices being issued by the enforcement staff concerned. There are certain loopholes in the Act. Many within the corporation, as well as the [...] Continue Reading »
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 »
India’s top listed real estate developer DLF Group has said it will increase prices of its properties in selective locations to minimize the impact of rising input costs. The company, however, did not share details such as by how much the prices will be hiked, on which projects and from when the increase will take [...] Continue Reading »
Real estate prices in Chandigarh are already very high. The cost of property registration is set to go up in Chandigarh. The UT Estate office Chandigarh has begun finalizing a plan to hike collector’s rate. The hike in Land registry cost or collector’s rate a benchmark for sale and purchase of property, would boost property [...] Continue Reading »
The department, which has recently begun a special drive to check prevalence of black money in the country’s real estate sector, has acquired high-worth properties worth about 2,500 crore in more than 20 cities in the last year alone. The Income Tax Department became one of the largest purchasers of real estate properties last year. [...] Continue Reading »
The city residents willing to shell out as much as Rs 1 crore (twice the actual cost) to own a two-bedroom (MIG) flat. Undoubtedly, when the sealed bids for 10% ‘assured allotment flats’ of Chandigarh Housing Board (CHB) were opened on Monday, the phenomenal prices quoted by applicants came as a big surprise for even [...] Continue Reading »
