Floor Area Ratio (FAR)
On Wednesday the Urban Development Minister has approved a proposal set in front of them by them by the Delhi Development Authority to increase the floor area ratio abbreviated as FAR. Simplifying this point, we get to the conclusion that this means the amount of building area with respect to the plot area has been [...] Continue Reading »
The much-awaited Real Estate (Regulation and Development) Bill has obtained clearance from the Cabinet on 4th June. The Bill is expected to bring in transparency in the nation’s real estate sector with tighter norms for selling projects and preventing property fraud cases. This Act may be called as the Real Estate (Regulation and Development) Act, [...] Continue Reading »
Bangalore- The real estate market of areas located close to the Metro line in the city, have been observing good growth. It has been over a year that the MG Road to Byappanahalli Metro rail started functioning. K R Puram, C V Raman Nagar, Byappanahalli and Ulsoor are some of the areas that lie in [...] Continue Reading »
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 »
As Namma Metro begins to improve connectivity in Bangalore, property prices have gone up in many places. Localities like Baiyappanahalli have witnessed a massive surge in property rates as metro line connects it to the central business district around MG Road. Purchase rates of built up properties and vacant plots have gone up alongside. Property [...] Continue Reading »
Delhi High Court today asked the Centre and the Delhi Development Authority (DDA) to resolve the dispute of alleged extra flats built in the Commonwealth Games village. Due to unresolved issues between the builder and DDA, buyers have not been able to move into the flats. The flats were built by real estate major Emaar [...] Continue Reading »
Property tax hike again for the people who are residing in the close proximity to Metro lines in New Delhi. So, people residing in the metro way get set and ready to shell out more on the property tax! However this suggestion comes from the state governments‘ opinion on levying additional land and taxes near [...] Continue Reading »
The Urban Development Ministry in Delhi has been asked to recheck the regularization fee for all the residential buildings. Municipal Corporation of Delhi (MCD) has passed these orders, as it recently learnt that around 80 percent of the residential buildings in the state are illegally constructed. The maximum Floor Area Ratio (FAR) of a building [...] Continue Reading »
The Patna Municipal Corporation’s (PMC’s) planning department is on high alert taking action against the realty defaulters. To act against building violation and unauthorized construction, Patna civc body has filed badly. The residents belonging to Gayatri Kunj Apartments complained the civic body longback about the expansion of the apartment beyond permissible floor area ratio (FAR). [...] Continue Reading »
Municipal Corporation of Delhi (MCD) Appellate Tribunal has passed orders to de-seal the flats at Commonwealth Games Village (CGV) in New Delhi. Around 65 flats were sealed after the High Court (HC) orders were passed, 12 flats have already been de-sealed at CGV. Delhi Development Authority (DDA) had sealed these flats at CGV for having excessive [...] Continue Reading »
