Land
The Yash Birla Group has signed a joint venture with Mumbai based Nahar group to redevelop its property of less than an acre in South Mumbai. Ms. Manju Yagnik, vice-chairperson, Nahar Group, says that the land is located in the south Mumbai’s Tardeo and posses the total area of 4,300 square metres (46,268 sq ft). [...] Continue Reading »
Godrej Properties, the real estate development wing of the Godrej group announced that it has entered into an agreement with G&B to build a new project on the Eastern Express Highway in Vikhroli, Mumbai. The potential area at this site will be up to 8, 00,000 sq ft and is likely consist of residences as [...] Continue Reading »
The Tata Steel’s 25-acre land in Borivali received five bids from top corporates and developers. It is expected to collect Rs 1,000 crore for the company from this deal. According to source the top companies which are in race to acquire this land is Tata Housing, Tata Consultancy Services, Oberoi Realty, Kalpataru and Piramal Realty. [...] Continue Reading »
After the Maharashtra Industrial Development Corporation (MIDC) recently sanctioned the implementation of 1.5 floor space index (FSI) for its industrial estates, around 500 small and medium enterprises in Satpur and Ambad are planning to use the hiked FSI for the expansion of their existing facilities. According to the new industrial policy, the state government raised [...] Continue Reading »
As part of its strategy to repay debt, realty major Unitech has recently sold around 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore. Unitech currently has debt of about Rs 6,200 crore, including Rs 150-200 crore from Life Insurance Corporation of India (LIC). It has been reported that the LIC [...] Continue Reading »
Gurgaon introduces registering property with e-stamping facility. E-stamping and on-line registering is already practised in Delhi. Land registration is described as matters concerning ownership, possession or other rights of land and kept as records. The state Government of Haryana has requested to make provision for regular issuance of stamp papers from treasury and bank. It [...] Continue Reading »
The Delhi Government plans to develop public utility services on unused plots of 1,000 sq. yards or above which are vacant in unauthorised colonies; in a bid to protect them from land sharks. The Delhi Urban Development ministry commenting on this move said that although there is no land vacant in over 700 colonies; there [...] Continue Reading »
Within few years, Delhi will witness five new sub-cities on the lines of Dwarka and Rohini by Delhi Development Authority’s (DDA) with it’s has launched a new land-pooling policy. This attempt of government hasn’t been able to meet since long time, but with the help of land-pooling policy, the developers or large landholders are allowed [...] Continue Reading »
Delhi NCR : The land transfer policy of Yamuna Expressway Industrial Development Authority (YEIDA) has been changed. Now the allottees are required to enter to “ agreement to lease” with the authority in order to transfer their allotments. The new policy totally have replaced the old policy which stated , allotments could be transferred without [...] Continue Reading »
Chandigarh – The administration is currently in dilemma over the usage of 152 acre of land in Raipur Kalan which was kept for Industrial Area, Phase III. UT administration has stopped keeping land for industrial area and planning to work on their master plan to introduce flattened factories concept in that area. According to recent survey [...] Continue Reading »
