2022-08-29
The department of town and country planning (DTCP) has banned the purchase and sale of properties in 25 residential and commercial projects in the city over various licence norm violations and non-payment of dues, including external development charges (EDC). The department has also ordered tehsildars not to execute any sale deeds in these societies. District town planner (enforcement) Amit Madholia said the action was taken against 25 societies built by 19 developers and notices have been pasted at the properties after the directions from the DTCP director's office.
2022-08-29
MUMBAI: About 1,700 families who have booked apartments in the free sale component of the controversial Patra Chawl redevelopment project in Goregaon are unable to get possession of their homes although their buildings are almost complete. The Mhada-owned 46-acre property has been in the eye of a storm for four years now, after the original builder, Guruashish Construction, a subsidiary of HDIL, was unable to complete the rehabilitation project.
2022-08-29
The Bengaluru Metro Rail Corporation Limited (BMRCL) is set to expand its footprint to more areas. With the Detailed Project Report (DPR) for the third phase prepared, the Namma Metro has to spend a whopping Rs 13,000 crore to execute their grand plans. Officials said that the DPR will be sent to the state Cabinet for their approval. Once it has been approved, the project will be expanded so that the metro network can see an additional 44.65 kilometres.
2022-08-29
The district administration officials to act tough with errant builders and realtors who are violating building plans on land leased out by Tata Steel and other entities. During a meeting with senior officials and Tata Steel’s land department staff, it was pointed out that many builders in prime market areas like Bistupur, Sakchi and others, are illegally converting basement areas, which should be used for parking purposes, into commercial places such as shops, warehouses and offices.
2022-08-29
Arunachal Pradesh cabinet approved the Arunachal Pradesh Tenancy Bill, 2022, which aims for creating a vibrant, sustainable and inclusive rental housing market in the state. The Bill envisages striking balance on the rights of tenant and landlord and create an accountable and transparent ecosystem for renting of premises in disciplined and efficient manner.
2022-08-29
Berger Paints Ltd is looking to operationalise the fully-automated paints manufacturing plant near Lucknow in November. The total investment in the plant will be around Rs 1,000 crore against an earlier estimate of Rs 800 crore, and the cost overrun is due to the addition of a few new product lines and higher construction material prices.
2022-08-29
The Nashik Municipal Corporation (NMC) is in the process of introducing a new policy for obtaining building permission that will make tree plantation mandatory even for smaller plots of 50 sqm (539 sq ft)..As per the new policy, builders or developers will have to plant one tree for every 50 sqm of the plot. For instance, if the builder or developer is developing a building project on 1,000 sqm, he has to plant 20 trees.
2022-08-28
KOLKATA: After the 5.6 acre land parcel in Alipore attracted the highest bid of over Rs 400 crore by a Mumbai-based real estate developer, the state plans to e-auction six more land parcels in Alipore totalling 11 acres as part of the Alipore totalling 11 acres as part of the Alipore Green City development project. Mumbai-based Phonex group gave the highest bidding price of about Rs 410 crore and is likely to win the bid. Hidco had fixed a starting bid price of Rs 236.7 crore for the plot at Rs 42.3 crore per acre.
2022-08-28
CHENNAI: In an attempt to speed up the construction of greenfield airport in Parandur in Kancheepuram district, the Tamil Nadu government announced that the affected land owners of 13 villages will get compensation of 3.5 times of the market value of the land. PWD minister E V Velu said the owners of immovable properties will get parcels of land on the periphery of the airport site and the government will extend financial assistance for construction of houses. The eligible members in the displaced families will also be provided employment.
2022-08-28
Mukesh Ambani’s Reliance Industries Ltd. is the mystery buyer of an $80 million beach-side villa in Dubai, the city’s biggest ever residential property deal. The property on Palm Jumeirah was purchased earlier this year for Ambani’s youngest son, Anant, one of the people said, asking not to be named as the transaction is private. The beach-side mansion sits in the northern part of the palm-shaped artificial archipelago and has 10 bedrooms, a private spa, and indoor and outdoor pools.
