Commercial building
The joint venture real estate company of Dubai’s Emaar Properties and India’s own MGF Group is seriously considering the idea of what it calls an “iconic” building in India. The venture has since its launch in the country in 2005, remained focused on high-end residential and commercial properties (in the ratio of 9:1). The development activities of [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to disallow fixed glass sheets on facades. The decision has come on the wake of last week’s blaze at a commercial building in the Bandra-Kurla Complex (BKC), where the firemen found it difficult to access the affected portion from outside in case of buildings with fixed glass facades. [...] Continue Reading »
A four storied residential cum commercial building was reduced to ashes in Hyderabad at MV plaza and the estimated property loss is around Rs 2 crores. The fire was spread in such a extent that the fire men took nearly 6 hours to pull down the whole fire from the building. The building comprised of [...] Continue Reading »
Many of the Surat Municipal Corporation (SMC) officials have resigned as the property tax drive is on high alert. They seem to have been listed under flouting norms in concern with the proper tax payment. The traces have been working on a flow to check on the city municipal officials and according to a recent [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (CREDAI) speaks about the present situation of the real estate in Bangalore. The officials claim that the north part of Bangalore is fast growing compared to the other cities. The commercial buildings in the city are talked off which comes in a faster pace and the [...] Continue Reading »
The Bombay High Court pronounced a split verdict on an appeal with Brihanmumbai Municipal Corporation (BMC). The Civic Body under the jurisdiction of Maharashtra Rent Control Act was empowered reassess properties on the basis of steep market rents payable by individual occupants exempted under the rent law. The battle began when the civic body reassessed [...] Continue Reading »
