Gujarat
The state revenue department has started replacing the 132-year-old Bombay Land Revenue Code (BLRC) along with the Gujarat Land Revenue Code (GLRC). Inclusive of these, a new Bill will come into action after the discussions in the upcoming Assembly session. Government now feel that the land laws has never acted according to the needs of [...] Continue Reading »
Three illegal water connections were traced out by Gujarat Pollution Control Board (GPCB). Surat Municipal Corporation (SMC) was receiving complaints flowing down since few weeks in concern with water pollution issues. To ease residents of Unn Khadi from these issues immediately, GPCB gave a surprise visit to Gujarat Environment Protection and Infrastructure Company Limited (GEPIL) [...] Continue Reading »
The realty sector in Gujarat is facing a downfall with the steady price raise of construction material and shortage of skilled labour. Experts say that the construction projects across Gujarat are getting either delayed, cancelled or stalled from past a week. Same is the scenario faced by real estate markets in cities like; Vadodara, Surat, [...] Continue Reading »
Ahmedabad property show of Gujarat Institute of Housing and Estate Developers (GIHED) was held recently, which aimed to property buyers perspective. Over nearly 60,000 people had visited this show and over 500 properties displayed the interior decoration themes for the lavish bungalows costing nearly Rs 7 crore. Jaxay Shah the vice president of Confederation of [...] Continue Reading »
Differential rate of interest scheme (DRI) was formulated by the central government in 1972 for extending financial assistance at a concessional rate of interest (4%) to select low income groups for productive endeavours. These loans were to be given initially by public sector banks and then by private sector banks also. The Reserve Bank of [...] Continue Reading »
The ministry of urban development has suggested doing away with the current system of registration and transfer of property. Property holders across India may get a unique identity number or UID that not only streamline and organize India’s outdated land records, but also reduce the burden on courts by enabling faster resolution of property disputes. [...] Continue Reading »
Today real-estate projects in Gujarat have the highest quantum of super-built-up-area (SBUA) in the country, even more than some of the Tier-I cities like Delhi, Kolkata and Bangalore. Developers in the state employ the maximum SBUA, which stands at 50% of the carpet area (defined as the actual area the buyer uses) of both residential [...] Continue Reading »
National Housing Bank (NHB) has taken 2007 realty as a benchmark of the Residex pegged at 100. The figures show how Ahmedabad along with five others cities – Mumbai , Delhi, Chennai, Lucknow and Pune – have bucked the trend of falling prices. Residex (residential index) figures for city areas reveal that the road expansion [...] Continue Reading »
City-based developer said that realty prices could rise by 10 per cent. Builders say if suppliers of raw materials don’t reduce prices, they will be forced to pass on the royalty burden to property buyers. The Gujarat Government on Thursday has passed a resolution to charge royalty on minor minerals used as building materials from [...] Continue Reading »
It has been over a decade now that residents wait for garbage to be lifted from their area. According to residents repeated complaints made by them to Rajkot Municipal Corporation (RMC) officials have fallen on deaf ears. The five housing societies-Padmkunvarba society, Ashutosh Society, Megh Malhar apartment, Sumitnath apartment on the Airport Road have been [...] Continue Reading »
