State government
Builders will be registered for redevelopment projects based on their track records, financial strength and project experience judged in various categories before assigning redevelopment projects by The Maharashtra Housing and Area Development Authority (MHADA). The verdict has been made with several redevelopment projects of MHADA colonies being stuck for years due to developers deserting them [...] Continue Reading »
Facing protests against the move to allot part of the Gandhi Maidan in Patna to a construction firm, the state government went ahead and cancelled the allotment and it asked the firm, Ahluwalia Contracts, to not to utilize the ground for the work related to the construction of international convention centre nearby. It has been learnt that [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has kept aside about 84 low-cost homes in Powai being built for the higher-income group (HIG) which had been set up with the intention of providing affordable housing for the public. The purchase price of these flats is well over a crore. The Authority is considering to allot [...] Continue Reading »
Ready reckoner (RR) rates, which are used to calculate market value of properties for payment of stamp duty and registration charges, must be reviewed by the state government to most recent. Undoubtedly, stamp duty collection is one of the biggest money spinners for the Maharashtra government. But for the people who want to buy or sell flats [...] Continue Reading »
Although, the state government has tightened policy for conversion of cultivable agricultural land for residential, industrial and infrastructural purposes, such lands are still used for non-agricultural needs. Powerful real estate groups have been turning cultivable areas into residential plots ‘without obtaining permissions legally’, as declared by the farmers. District collectors have to personally visit the land [...] Continue Reading »
Bangalore Development Authority has dropped plans to take up “golden quadrilateral” project under PPP model due to financial crunch. BDA has decided to put on halt the much waited 25 kilometres elevated road corridor project. The project was to be taken under Public-Private Partnership (PPP) model. According to sources, the corridor would link Hebbal-BRV ground-Hennur-Central [...] Continue Reading »
Hyderabad- Owing to poor civic facilities at Rajiv Gruha Kalpa colonies, many flat allottees are not willing to stay in the flats. It is found that over 6,000 residential units are lying empty. Few allottees have even sold off their flats and some are reluctant to pay the increased cost to the state government for [...] Continue Reading »
Seeing the housing needs of lowing income group and economically weaker section of society, the Tamil Nadu government has declared plans to increase housing supply in these segments. The plans include wide range of urban and rural infrastructure moves which will enhance the housing supply. The Tamil Nadu Housing Board (TNHB) announced to develop over [...] Continue Reading »
Hyderabad- L&T Metro Rail Hyderabad Limited project is developed on a revenue model which aims to collect 50 percent revenue from passenger fares, 45 percent revenue from property development and the remaining five percent from advertisement and other miscellaneous sources. The Rs 14,132-crore metro rail project is one of the largest urban infrastructure projects in [...] Continue Reading »
Commuter Rail System (CRS) for Bangalore has got green signal from the state government. The project will benefit denizens in six districts surrounding the city, namely, Chikkaballapur, Kolar, Tumkur, Mandya, Ramnagar and Bangalore Rural, by providing quicker connectivity. A senior government official said that the authorities have asked all the respective departments to prepare detailed [...] Continue Reading »
