Private developers
In an exceptional move, the Supreme Court has put a stay on Municipal Corporation of Gurgaon (MCG) on collection of house tax from the residents of private developers’ areas. The SC took a side with the Gurgaon citizen council as the latter argued that they had already been paying taxes to the developers and the [...] Continue Reading »
The Supreme Court’s order regarding property tax collection from private developers’ area will not have any impact on the revenue generated from house tax, claimed the Municipal Corporation of Gurgaon. The corporation hopes to earn Rs 500 crore through the property tax collection with the current fiscal budget. Senior officers have claimed that behalf of DLF’s [...] Continue Reading »
The Secretariat Colony in Puppalguda has turned in to a hub of illegal apartments. A group of Secretariat employees have bought vacant plots and even independent homes in this area about two decades ago, are now redeveloped into commercially viable multi-storied projects which largely caters the middle-class buyers. Hyderabad Metropolitan Development Authority (HMDA) officials said [...] Continue Reading »
To support the growing demand for commercial and residential properties in India, the real estate is expanding to grow in the urban India. With the growth of the real estate activity in urban India, the demand for energy and water is also increasing. To facilitate adequate supply of water and energy, the builders must promote the [...] Continue Reading »
The West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976. The proposed amendment will impose the reservation of 30 per cent apartments in big housing projects for the low-income group (LIG). Though the industrialists have been asking to withdraw the law, the ministry [...] Continue Reading »
The apartments in Gurgaon, maximum are turning to be high-rises. High-rise apartments might be a pride to real estate sector of the city, however these high-rises the distinct divide between Delhi-Gurgaon Expressway is blurring. Couple of years ago, the National Highway-8 that is Delhi-Gurgaon Expressway use to give a clear distinct between old and new [...] Continue Reading »
The posh Malibu Town in Gurgaon is not posh anymore for obvious reasons. The residents are trying hard to get rid of the faulty sewage system but to no avail. The main problem is that all the six divisions of the Haryana Urban Development Authority (Huda) are passing the task to each other. Even several [...] Continue Reading »
Bangalore city is looking ahead for the changes to be made for its further developments. The government is yet to come out with a policy to facilitate horizontal instead of vertical realty development in Bangalore. As a fact that Bangalore city is facing many high-rises! With the days progressing, Bangalore city is vertically developed. Many [...] Continue Reading »
The rocketing prices of properties in Chennai has made property buying a distant dream for the lower and middle class population in Chennai. Follow up to this not many of them are interested to invest on property with hiking rates. Therefore, to balance the real estate market in Chennai city, the state government has announced additional floor [...] Continue Reading »
A major fraud case has been witnessed in Gurgaon city. Two of the forest officials has tampered the revenue records of forestland. Some of the private developers have purchased these land from the officials. According to the recent data, on the Aravalli hills nearly 400 acres of this forest land has been purchased by private [...] Continue Reading »
