Land
Housing Development & Infrastructure Ltd (HDIL), a renowned real estate developer is to sell a two acres plot in Andheri, Mumbai. The deal has been stuck at around Rs 300 crore between HDIL and another real estate group. This plot was already a part of the land on which its residential project Metropolis was being [...] Continue Reading »
M3M, a real estate group acquired 28 acres of land from DLF in Gurgaon. DLF, one of the renowned developers in the country has sold it for Rs 440 crore. A total of Rs 1,100 crore will be invested in the project as stated by M3M Finance head. Out of Rs 1,100 crore, Rs 400 [...] Continue Reading »
Plots near Lilavati Hospital is soon going to see many development, thanks to Oberoi Realty. Oberoi Realty, a real estate based company is in the advanced stage of making a deal with Om Metals Consortium. The deal consists of a development project worth Rs 800 crore at Bandra Reclamation. The 6 lakh square feet plot [...] Continue Reading »
Now, Government can not acquire any land they wish. Supreme Court has ordered that government can acquire only those lands if it has a genuine need of it. Furthermore, it said any private properties can not be acquired under urgency clause. Only if there is real emergency, then it can be used if proper justification [...] Continue Reading »
Green belt area at Sector 31 in Delhi NCR remains no more for the purpose it has to actually be! Today, this area has been covered by slum dweller’s shanties. On the other part of it no developments are seen as half of the land is left barren. The land is dumped with all junk [...] Continue Reading »
The unannounced central land acquisition bill is under question before it being tabled. Maharashtra Government is against this land bill as the repair cost of units will be up by at least four times as it is mentioned in the bill. Due to which, the profit gained from the project would be less compared to [...] Continue Reading »
Lokhandwala residents are on a saving spree of a mangrove land. The residents have put their heart out to save the land which might get used for illegal construction. Nav Karan Co-operative Housing Society residents allege that a 10,000 sq m of mangrove land has been destroyed located near Oshiwara creek. This destruction was done [...] Continue Reading »
As an initiative to increase affordable housing in the city, Maharashtra Government has made 20% of land mandatory for the same. The step has been taken keeping in mind to provide housing for economically backward classes and low income group people. Reservation of land would be done only on a 2,000 square meter of land. [...] Continue Reading »
Supreme Court has once again issued separate notices to UP Government and Greater Noida authority against land acquisition. A group of farmers from Ghodi Bachheda village of Gautam Buddha Nagar district have filed a petition due to acquisition of their agricultural land in the area. The farmers have challenged the earlier Allahabad High Court verdict [...] Continue Reading »
As Noida Extension was lots in news for past few months, another one has added itself to the list! Noida Extension Flat Owners and Members Association (NEFOMA) have decided to take legal action against a builder who asked the buyers for interest for pending payments. Builder of Palm Olympia is asking for extra interest on [...] Continue Reading »
