Commercial buildings
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
As traffic problem ails Bhopal, over 10 commercial complexes in the busy New Market allegedly have constructed shops in the basement reserved for parking, thus making the shops illegal. It has been pointed out as a contributing factor to clog the busy roads as visitors are forced to park their vehicles out on the road. [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
Bandra-Kurla Complex (BKC), that houses many corporate offices may gradually change intoa high-end residential enclave as the state government declared plans to increase the amount of residential space at this suburban commercial hub by altering a few plot reservations from commercial to residential. The transformation of BKC into a well-off residential-cum-commercial pocket-borough would mean it [...] Continue Reading »
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »
The district collector of Madurai, Anshul Mishra, warned the local bodies, including the Corporation, against granting individual and random approvals to building plans because of which the government is losing revenue. He also said that if they continued to do so then their authority will be withdrawn. As per Section 49 of the local planning [...] Continue Reading »
Alexandria, a four tower residential project, will provide 374 luxurious apartments in Chennai. The project is constructed by ASV Constructions. The majority of the real estate projects constructed by them are into IT Parks and Commercial buildings. The project location is close to the Sholinganallur junction over an area of six acres. The super luxury [...] Continue Reading »
Residents in Gurgaon are at risk as the lifts in the city are not installed with safety device. It was found that lifts in residential spaces, shopping malls, commercial buildings, etc are not safe and not fitted with the automatic rescue device (ARD). In 2009, the device was made mandatory to be installed but many [...] Continue Reading »
Residents of Sushant Lok protested outside their apartment complex against builder for poor services and maintenance provided. They also protested against the development work promised but yet not delivered and the exploitation of community centre. They alleged that due to commercial buildings coming up in the area there is no space left for pedestrians and [...] Continue Reading »
Hike in property tax has been a nightmare to the citizens of Thiruvananthapuram. Property tax payers can expect maximum of 60-per cent increase in the tax amount for residences. However, the hike for commercial buildings would be much higher when compared to the residential sectors. Also, recently the city mayor announced the possibilities of implementing [...] Continue Reading »
