Land
Distracted with legal battles, the Bangalore Development Authority (BDA) has lost 108.94 acres out of its 2,750 acres to Bharat Earth Movers Limited (BEML)?Employees’ House Building Co-operative Society (HBCS) at several villages in north Bangalore. The land was taken for formation of Arkavathy Layout. Now, the civic body has laid claim to 1,200 acres, albeit with [...] Continue Reading »
Gulf Oil Corporation Ltd has entered into a joint development pact with Hinduja Estates for development of the 76 acre company land in Hyderabad. As per sources, the project is to be completed in five-six years and will be located at the company’s campus close to the busy residential-cum-business hub in Kukatpally. As per agreement, [...] Continue Reading »
The Delhi cabinet has approved a proposal to make rainwater harvesting system mandatory for all new buildings in the city. The government has asked the Delhi Jal Board to come up with the guidelines on the issue. Earlier, the government had proposed that proper water connection should be issued to the buildings which are equipped with [...] Continue Reading »
Families of retired ex-servicemen will be entitled to further exemptions added to the prevailing ones as the State government has decided to waive 50 per cent of the property tax for their houses or land. According to the Karnataka Municipalities and?Certain Other?Law (Amendment)?Act, 2011, an ex-serviceman is defined as a person who has served in [...] Continue Reading »
Road Transport and Highways Minister CP Joshi has said that route identification for the ambitious 265 km Delhi-Jaipur Expressway has been completed. The Indira Gandhi International Airport would be the starting point from the national capital for the expressway. Real estate hubs would be developed alongside the expressway, he said adding that discussions are on [...] Continue Reading »
Taking an initiative; the Bombay Municipal Corporation (BMC) gained the right to levy a premium on transfer of its leasehold plots. The state legislative assembly approved a bill to modify the Mumbai Municipal Corporation (MMC) Act. The step is considered important that will impact redevelopment of over 41,000 properties in Mumbai. The bill provides levy [...] Continue Reading »
West Bengal commerce & industries minister Partha Chatterjee has announced that work on the steel project at Salboni in West Bengal proposed by Mr Sajjan Jindal-controlled JSW Steel Ltd will restart from August. The state government is planning to sign a lease agreement with JSW. The government will ask the company to submit a fresh [...] Continue Reading »
The Haryana government has asked Maruti Suzuki to pay Rs 235 crore to the state government as enhanced compensation to the farmers for land acquisition as ordered by Supreme Court for its plant in Manesar. The company has been served three months notice and warned that the land allotted for the Manesar plantwould be taken, [...] Continue Reading »
The Haryana government seems to be woken up to sluggishness of tackling civic isues paralyzing the region. Haryana Public Health minister, Kiran Choudhary has directed officers in her ministry to complete all ongoing water supply and sewerage projects in all districts including Gurgaon. Gurgaon district administration has also been instructed to remove infringements on a [...] Continue Reading »
Knight Frank’s latest report focuses on uncovering the relationship between the developer and the suppliers of factor inputs such as Land and Construction costs. Land is the most significant input for property development. Analysis of land allotment policy of some of the major land aggregators provides interesting insights: City and Industrial Development Corporation (CIDCO) follows [...] Continue Reading »
