Vacant land
The Railway minister DV Sadananda Gowda while answering to a question in Parliament mentioned that the Indian Railways is sitting on a vacant land bank of 47,336 hectare and 942 hectare under encroachment out of a total land area of 4,57,689 hectare. The vacant land is mostly in the form of narrow strips along tracks. [...] Continue Reading »
Larsen & Toubro, one of the leading engineering & construction company is planning to come up with one of the largest housing project in Powai campus in Mumbai measuring up to two million sq ft over 20 acres of land. The price of residential units in and around Powai is around Rs 25,000 per sqft. The [...] Continue Reading »
The planning commission has suggested to introduce new tax rule on vacant land. In a draft proposal the government wants to implement vacant land tax to generate revenue for urban infrastructure. In the draft it is proposed to charge the tax of 0.5% of the total value of the land. The government has noticed that [...] Continue Reading »
Ghost colonies in Delhi is now much talked about! A scam has been traced wherein the illegal colonies (ghost colonies) in the city has acquired provisional regularization certificates without government’s knowledge. This came as a shocking news to the government when Delhi Development Authority (DDA) submitted a fact report about existences about ghost colonies. There [...] Continue Reading »
