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Unitech’s Noida land may be seized by LIC

Unitech’s Noida land may be seized by LIC
“Notional possession” of a part of real estate major Unitech’s 350-acre land parcel in Noida has been taken by Life Insurance Corporation of India (LIC). This is due to the failure to repay a part of its nearly Rs 150-crore loan from LIC. The ‘Notional Possession Notice’ issued by the country’s largest insurer warned the [...] Continue Reading »

Nashik builders issued notice by state power company

Nashik builders issued notice by state power company
The Maharashtra State Electricity Transmission Company Limited (MSETCL) has issued notices to 31 property owners in Nashik city for violating construction norms. The notice came up against the backdrop of two construction workers sustaining injuries after receiving an electric shock. According to norms, there should be no construction within 13m on either side of the [...] Continue Reading »

HC issues notice against civic bodies

HC issues notice against civic bodies
The garbage disposal issue seems to have irked the residents of Bangalore as well as the court. The high court has issued notices to the state government, Bruhat Bengaluru Mahanagara Palike (BBMP), Bangalore Development Authority (BDA) and Karnataka Slum Clearance Board (KSCB) in a public interest petition related to the garbage disposal system in the [...] Continue Reading »

Haryana asks Maruti to pay Rs. 235 cr for farmer compensation

Haryana asks Maruti to pay Rs. 235 cr for farmer compensation
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 »

Kolkata’s promoters eye on water bodies to get free land

Kolkata’s promoters eye on water bodies to get free land
Even after the orders from the state’s chief minister, the police and the concerned authorities of Kolkata turn a blind eye to the encroachment of water bodies. Chief minister Mamata Banerjee had asked the police and Trinamool Congress councillors to check that no water body in their jurisdiction disappears. But this seems to have had [...] Continue Reading »

Renowned developers of Noida receive payment notices

Renowned developers of Noida receive payment notices
The Noida authority has issued notices to 44 builders over due in payments of nearly Rs 1410 crore. The Authority had allotted land to those builders on lease for constructing group housing societies. In this regard it had sent several reminders to the builders but to which they did not respond positively. Following this, the [...] Continue Reading »

Illegal construction ruling over Thiruvananthapuram city

Illegal construction ruling over Thiruvananthapuram city
The growth of illegal structures in Thiruvananthapuram is increasing as the days are progressing! Fed with these the city corporation council has now decided to make strict rules against shops and establishments. The shops which have not obtained trade license and also which are functioning in illegal buildings will have to face tough time from [...] Continue Reading »

Property owners shocked over tax notices!

Property owners shocked over tax notices!
Greater Hyderabad Municipal Corporation (GHMC) has given a rude surprise to L B Nagar property owners. As per sources, GHMC had sent revised tax notices to the shop owners for the last two months. But the notices had numbers which was unbelievable to the owners. The new tax rules says that rates have been levied [...] Continue Reading »

Urban Land Act snatched flats from Mumbai builders!

Urban Land Act snatched flats from Mumbai builders!
About 35 developers in Mumbai have been given notices to give away the flats which were kept for public housing. The notices were given by the urban land ceiling (ULC) department to bring back 1,284 houses. Under the Urban Land (Ceiling and Regulation) Act (Ulcra), the flats are to be used for general public but [...] Continue Reading »

BBMP rushing to clear pending property tax payments

BBMP rushing to clear pending property tax payments
As per the targets issued by Bruhat Bangalore Mahanagara Palike (BBMP) Commissioner M K Shankarlinge Gowda, the municipal officials have already started sending notices to the property tax defaulters. The officials are on high alert, rushing in a fast pace to clear all pending property tax payments. By March 2012 target of Rs 500 crore [...] Continue Reading »



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