Flats
The San Finance Corporation (SFC), which has Rajya Sabha member Ajay Sancheti (BJP) as a partner, has financed nearly one-tenth of the 103 flats of the scam-hit Adarsh cooperative housing society. Abhay Sancheti, another partner of the firm told the two-member judicial panel looking into Adarsh’s irregularities, that it ‘granted loans to 10 people’ who [...] Continue Reading »
In a case involving residents caught between the civic body and the builder, the residents of Green Heritage society at Kharghar in Navi Mumbai were in shock as portion of their society has been ordered to be demolished by the civic authorities. The authorities have issued notice to vacate the premises to facilitate the demolition [...] Continue Reading »
The Kolkata Metropolitan Development Authority (KMDA), following the controversy over Pinki Pramanik’s plot off EM Bypass in Kasba, has decided to speed up work of preparing a report on the detailed status of all land sold off EM Bypass, including residential plots and flats. The KMDA has started work on preparing the status of land [...] Continue Reading »
Turning down a demand that builders be allowed to get additional floor space index (FSI) by paying premium in redeveloping old Mhada buildings in the city, Chief Minister Prithviraj Chavan said they would have to share housing stock with Mhada in redeveloped buildings. Chavan said that a meeting of local legislators would be held after [...] Continue Reading »
People from rural areas are migrating to cities as a result of urbanization and industrialization. The demand for housing is increasing rapidly along with the increase in rate of migration. Apartments and flats are stretched in every direction. But yet they are not sufficient as the population is increasing at a fast pace. An abundant [...] Continue Reading »
CBI is presently concentrating on ‘benami‘ owners of flats and it claimed that a senior politician had involved in those transactions. According to sources, an intense investigation has been carried on by CBI with regard to the case and certain details have been shared with the Enforcement Directorate to check the money trace into the [...] Continue Reading »
The Commonwealth Games Village (CGV) property issue finally is polished! The flat owners are now relieved and are happy with the court’s decision. The Delhi High Court’s directives in collaboration with Delhi Development Authority (DDA) has finally issued completion certificates. This was the time the flat owners and the developers of Commonwealth Games Village was [...] Continue Reading »
The Mumbai real estate has set a best example warning the property buyers not to book flats even before the project is launched! Property buyers who follow this trend is sure to get into big time trouble. Certain builders in the city who had taken money from the property buyers promising them to large the [...] Continue Reading »
The Tata Housing Development Company recently had a tie up with Arvind group in order to launch integrated township in Ahmedabad. The township aims in providing low cost housing wherein each unit costing Rs 8 to 12 lakh. The Tata housing experts say that they have partnered with Arvind Real Estate who owns Arvind textile [...] Continue Reading »
The World Spa residents in Gurgaon are fed up with the amenities and facilities provided at their flats. Finally, its after many years that the residents have got to know that the developer has used poor quality construction material. The World Spa residents are raising up arms against the developer for providing improper facilities in [...] Continue Reading »
