Chennai
Chennai Corporation has identified seven illegal buildings on Wednesday in the commercial districts of Mannady and Sowcarpet.The demolition work will be continued in the neighboring districts on Thursday. Most of the buildings received plan permits for less floors but continued to construct more floors than sanctioned. Madras high court-appointed monitoring committee will be scheduled to [...] Continue Reading »
Many builders are finding it difficult to service loans-the combined debt of the top eleven listed real estate firms is 38,500 crore. In such a gloomy scenario, builders sharing resources-man, machine, land and finances-would help control costs and keep a check on inventory. Few builders have decided to build joint projects using one builder’s land [...] Continue Reading »
Site 153, LB Road in Thiruvanmiyur stands alone after it became Chennai’s go-to place for those with a patriotic streak. The 16-storey building, which was meant to be a commercial complex and office block, had been lying vacant and unfinished for four years before a week of the indefinite fast by the volunteers of Anna [...] Continue Reading »
More than 500 buildings with violations have been identified in Chennai and notices are served under Tamil Nadu town planning Act. Several innocent people who are ignorant of building norms and town planning rules end up buying such buildings. Flat buyers in the city should check the building norms and parking allotments, as the possibility [...] Continue Reading »
Demand for property in major cities across the country have dipped and sharp increase in borrowing costs had kept buyers on the sidelines. Banks have raised their lending rates sharply in the past few months after Reserve Bank of India (RBI) raised interest rates 11 times since March 2010. Bhopal leads the pack in rise [...] Continue Reading »
Vigilant Citizens Welfare Association says Tondiarpet zone, in which Kodungaiyur falls, generates only 320 tonnes of garbage a day, but 4,000 tonnes of waste from seven zones is disposed here. Though the Chennai Metropolitan Development Authority (CMDA) marked the area for a government institute, it was turned into a dumpyard 16 years after the residential [...] Continue Reading »
The Chennai Corporation has offered assistance to large apartment complexes by offering to collect non-biodegradable waste and excess manure. For instance, Asiana Flat Owners Association in Venus Colony, Alwarpet, is reaping the benefits of source segregation. Six women segregate waste collected from the flats. They work two hours to separate plastics and non-biodegradables from household [...] Continue Reading »
Senior citizens of the Deva Darshan apartment in Kilpauk, Chennai attired in khadi and sporting a Gandhi cap – which had the words ‘I am Anna Hazare’ on it – led the march. Children and women followed, raising slogans supporting Hazare. Kids distributed pamphlets that read, “The Government has tabled a dubious Lokpal bill, which [...] Continue Reading »
572 apartments were to be constructed for both serving and retired central government employees in Tiruvallur district. Many have invested all their earnings in the project, being promoted on the outskirts of the city. Buyers have not only paid the entire cost as per the original agreement with the promoter, but have also paid about [...] Continue Reading »
India’s largest developer DLF had said that it plans to sell developed assets, including IT parks and its hotels business as well as hotel plots to raise Rs 7,000 crore over the next two years. The company reported that the money from the sale of non-core assets was Rs 165 crore in April-June quarter. The [...] Continue Reading »
