2022-09-20
No map approval is required in urban areas for building, expanding or or repairing a house on a plot not more than 1076 sq ft (100 sqm) in size. The circular comes in the wake of substantial number of queries being received by the LDA regarding approval of maps. Further if the width of the existing road is less than 4m, then the front of the plot must be 2m from the middle line of the road, after that, the front set back will be 1.2 m away.
2022-09-19
Regulatory agency Insolvency & Bankruptcy Board of India (IBBI) has allowed splitting of companies to attract more participants into the corporate resolution process as it seeks to provide flexibility and increase realisation. The move to split assets is seen to be beneficial in cases involving real estate players and other entities with multiple projects, all of which may not be viable, or there may be some assets which will generate higher value.
2022-09-19
Airports Authority of India (AAI) is planning to acquire about 300 acres in chunks to increase the passenger handling capacity of Chennai airport after commissioning the new integrated terminal in December/January. The decision was made after AAI Chairman Sanjeev Kumar and the board evaluated the new terminal's construction and talked about the need for more airport land so that more facilities such as parking lots and parallel taxiways could be built to boost passenger capacity to 55 million per year.
2022-09-19
GURUGRAM: From raising the compensation amount to Rs 4 lakh in case of death of construction workers at workplace to providing annual free health checkups for their near and dear ones, Haryana CM Manohar Lal Khattar made a number of announcements for workers and their families. “The financial assistance of Rs 2.5 lakh given to a family in case of death of a construction worker at the workplace will be raised to Rs 4 lakh. Similarly, the financial assistance given to a worker in case of disability due to an accident at the workplace will also be doubled,” the CM said.
2022-09-19
M.S.Ramaiah Developers and Builders (MSRDB) plans to invest over Rs 3000 crore to expand its retail and commercial real estate portfolio across Bangalore, Goa and Andhra Pradesh. The company is looking at doubling its retail and commercial portfolio to over 8 mn sq. ft. from 4.5mn sq. ft. it is developing currently.
2022-09-19
Red brick manufacturers in the state are protesting a new notification of the central government which has put certain restrictions on use of bricks and made brick manufacturing more difficult. The Gujarat Brick Manufacturers Federation has resolved to not start production in the new season from October, to protest the new notification as well as the increase in GST rates.
2022-09-19
Ignatius Navil Noronha, the chief executive officer of Avenue Supermarts that owns the DMart retail chain, and his wife Kajal Noronha have purchased two super premium apartments in Mumbai's Bandra locality for over Rs 66.25 crores. The couple has bought these apartments spread over a total 8,379 sq ft from real estate developer Rustomjee Group's subsidiary Keystone Realtors in its project Rustomjee Seasons in Bandra (East) close to the Mumbai's business district of Bandra-Kurla Complex (BKC).
2022-09-19
The NMC’s tax department has issued show-cause notices to assistant municipal commissioners from 10 zones for their failure to complete the process of pending mutations and tax assessments. As per data obtained from the Nagpur Municipal Corporation’s property tax department, total 1,055 applications for property mutations are pending with the 10 zone offices causing inconvenience to the citizens.
2022-09-19
The Maharastra state settlement commissioner, N K Sudhanshu, told that all 7/12 extracts and property cards to be issued from September 19 would have an 11-digit Unique Land Parcel Identification Number. The existing 3 crore documents, comprising 2.6 crore 7/12 extracts and 70 lakh property cards, had been issued the Unique Land Parcel Identification Number (ULPIN) and revenue department officials were checking them.
2022-09-18
The municipal Corporation (MC), Chandigarh is likely to auction its commercial properties in Manimajra after getting the approval of the Chandigarh administration. The general house of the civic body has already given its approval to auction the properties and the sources said now it needs the approval of the minutes of the meeting for the process of the auction to be started.
