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Floor area

Builder abandons project: Buyers complete it

Builder abandons project: Buyers complete it
Kochi- The credit for completion of the project Sree Bhadra Apartment in Tripunithura goes to its residents, as the builder, Maruti Homes, had abandoned the construction work in the middle, which was later completed by the residents. The apartment structure was only built when the builder stopped the work, in 2007-08, citing the reason of [...] Continue Reading »

Delhi housing complexes and market areas to get more FAR

Delhi housing complexes and market areas to get more FAR
Delhi buildings are all set to get more floor area. After Union development minister Kamal Nath declared that development of Delhi would go vertical, the mid-term review of the Master Plan 2021 seems to have put a step forward to realise the vision. Delhi Development Authority (DDA) has invited objections and suggestions for the first [...] Continue Reading »

Malls hampered by revenue-share model

Malls hampered by revenue-share model
The revenue-share model had been introduced by malls during 2008 downturn to lure in retailers. However, the model seems to become a noose as retailers have been suffered from fewer footfalls and tight consumer spending. Phoenix Marketcity in Kurla, the biggest mall in Mumbai, reportedly has still not been able to earn a single rupee [...] Continue Reading »

KHB loses over 7 crore for faulty calculation of floor area

KHB loses over 7 crore for faulty calculation of floor area
The Karnataka Housing Board (KHB) incurred a loss of more than Rs. 7.2 crore for wrongly measuring the floor area of buildings it rented out in a prime location in Bangalore. Before renting out any property owned by state-owned boards and corporations, it is crucial to correctly measure the floor area of the property and [...] Continue Reading »

Apartments in Bangalore have increasing demand

Apartments in Bangalore have increasing demand
A large format apartments are in huge demand in Bangalore. These large apartments have floor area measuring between 3,500 sqft and 5,500 sqft. These large apartments costing crores are giving tough competition to villa. However, villas are difficult to maintain in case of gardens and roofs are all meant to be done by owners. When [...] Continue Reading »

Property tax structure revised

Property tax structure revised
Kochi Property owners, the revised property tax structure is here! The tax payments from now on will be based on floor area of the property. Kochi Corporation has revised the property tax structure as per the orders issued by the Local Self Government Department. According to the previous norm, property tax was collected based on [...] Continue Reading »



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