Commercial purposes
The Revised Master Plan (RMP) 2015 for Bangalore city is throwing a spot light on securing the realty sector. Recently, the Karnataka High Court has directed the concerned authorities to stop issuing permission for mixed land use. It has been learnt that the residential zones are being used for commercial purposes. A Division Bench comprising [...] Continue Reading »
The Noida Authority recently conducted a survey through which the real estate came to the conclusion of having around 17 lakh square feet of land available for commercial purposes in Noida city. The project engineers came forward taking initiative of this survey to give a workable solution for the banking and nursing sectors. These sectors [...] Continue Reading »
Secunderabad Cantonment Board (SCB) has plans for raising additional revenue of Rs 5 crore in the next quarter. SCB has commenced with revision of property tax assessments for the upcoming year 2012. It was recently learnt that old grant bungalows (OGBs) in Secunderabad Cantonment jurisdiction were used for commercial purposes. However these property owners were [...] Continue Reading »
Flats in Essel Towers on Mehrauli-Gurgaon Road were raided recently by district town planning (DTP) department. Few of the flats in these towers were used for commercial purposes instead of using it as a residential plot. Also the DTP officials say that many such flats were used as a slot for bars, offices and guest [...] Continue Reading »
The USP of a property in Dharavi is that it can be used either for residential or commercial gains. The owner can make a good sum if he uses it for commercial purposes. If, instead, he diverts the property for residential purposes, he will charge a high rent to compensate for the loss of income [...] Continue Reading »
