Residential buildings
Chennai- The landscape of Chennai city will soon change with the numerous residential projects for which approvals have been granted. It is also found that few planning and commercial land-use permissions have been issued for this year. A large number of residential projects will be launched on ‘reclassified’ land. A reclassified land is a land which [...] Continue Reading »
Nagpur- Nagpur Municipal Corporation’s water works department and Orange City Water Limited (OCWL) have together started a massive recovery and disconnection drive against water tax defaulters across the city. The Corporation, on the drive, has disconnected around 102 water supply connections, including residential buildings or houses and commercial establishments, as they failed to pay water bills. There [...] Continue Reading »
Delhi- South Delhi Municipal Corporation is set to demolish all illegal buildings in Shri Sai Kunj, an unauthorised colony being developed in the Vasant Kunj area. A Supreme Court-appointed monitoring committee, named, Sealing of Commercial Establishments in Residential Premises, has recently discovered the unauthorised colony located adjacent to the Institute of Liver and Biliary Sciences [...] Continue Reading »
There was no time-limit set for the implementation and approvals of the real estate bill 2012 by the central government. Just to smoothen the urban construction, protect consumer interest and to have a healthy real estate developments of apartments and unauthorized colonies, the bill was prepared in consultation with all stakeholders. The Parliament has not received necessary approvals [...] Continue Reading »
Recently, a duplex flat sized 3,683 sqft on seventh and eight floors of the 28 storey sea facing Samudra Mahal at Worli was sold for Rs 40 crores and Rs 1.10 lakhs per square foot. The 4BHK flat with two car parks was sold to a senior management executive of Citigroup. Previously, another expensive deal [...] Continue Reading »
The Salarpuria Sattva Group has become a known name in real estate industry. It has diversified its operations based in Bangaloreand is well known for its Tech Parks, Office Space, Premium residential buildings and Upmarket Commercial Complexes. The parent organisation, Salarpuria Group was established in 1985 by Late Shri G. D. Salarpuria in Kolkata. This [...] Continue Reading »
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
A recent report by Jones Lang LaSalle predicts that the residential market in Chennai is to undergo a transformation in coming months. So far there has been no scope for the growth of large-sized township projects within Chennai. Developers had been more content with building 12-30 units with limited amenities. The scene is changing with [...] Continue Reading »
The 2,750 acres of land in Bangalore North was acquired by Bangalore Development Authority to form Arkavathy Layout about nine years ago. Despite the fact that allotment of the site is yet to be completed, high-end villas, villaments and row houses have come up all around Arkavathy. The private developers have been showing interest to [...] Continue Reading »
Shristi Infrastructure Development Corporation unveiled Tower II at Krishnagar Sentrum on National Highway – 34. Krishnagar Sentrum is a project spread over 4.5 acres. It consists of 4 premium housing towers G+13 floors covering 300,000 square feet of retail and commercial complex. The residential towers comprise of premium two & three bedroom apartments while the [...] Continue Reading »
