Land development
MJR Infrastructure is coming up with a gated community – MJR Gulmohar Avenue – in Bangalore having 41 triplex row houses. The project comprises of 4 BHK row houses with built up area ranging from 2905 sq ft to 3285 sq ft and it is close to the IT Hub, Brookefield. The price of the [...] Continue Reading »
Belgaum- The government of Karnataka has been strictly accused by the Comptroller & Auditor General of India (CAG) for illegally denotifying land which was acquired by the Bangalore Development Authority (BDA). The report, Denotification of Land by Government and Allotment of Sites by BDA, containing all details regarding how the rules and court orders were jeered [...] Continue Reading »
Panaji- On 12th December, Chief Minister of Goa Manohar Parrikar pointed out the delay in the finalization of any bill on the Goa khazan land development board by the cabinet and irrigation department. He dismissed all the charges made by NGOs regarding the proposed bill in favor of land sharks and defended himself by informing about the circulation of [...] Continue Reading »
Chennai- Lancor Holdings, Chennai based leading developer has announced that it has acquired 6.5-acres plot near Maraimalai Nagar on the GST Road for Rs 40 crore. The company in a regulatory filing with stock exchanges disclosed the purchase of 100 percent equity shares of L&T Commercial Projects Pvt Ltd. However, the firm did not reveal [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
The Realty Giant DLF is likely to approach the Compat (Competition appellate Tribunal) to challenge the order by Competition Commission of India (CCI) to pay Rs 630 crores penalty for the abuse of the dominant market position. This challenge on the order is on the basis of Competition Commission of India’s classification of DLF as [...] Continue Reading »
