2022-09-15
HYDERABAD: Probably for the first time, funds-starved Telangana government is planning to mop up revenue by regularising land in an industrial area. If the plan takes off, state coffers will be replenished with Rs 2,000 crore, while benefiting allottees and industrialists who lobbied with the government to convert the land into freehold for multipurpose use. Official sources said, the move would also stop unauthorized use of leased industrial land.
2022-09-15
GREATER NOIDA: The Yamuna Authority plans to launch the plot scheme for mixed-use of 1,045 hectares of land under its jurisdiction according to the Master Plan 2041. Land marked for mixed-use purposes have plots for residential, institutional, industrial, commercial and recreational purposes – all within the specified area.
2022-09-15
The Bombay high court will consider passing a direction that the entire record of every construction project is made available on the citizens' portal of the BMC website. The court said it "will need to revisit the law on several aspects once and for all & Every scrap of paper, every single document will be uploaded". It listed issues they propose to address, including whether illegality in construction can be regularised.
2022-09-15
The Real Estate Regulatory Authority (RERA) of Delhi has ordered the Delhi Development Authority (DDA) to register all their ongoing e-auction schemes where plots, flats or shops remain for auction by May 1, 2017. Delhi RERA has said since about 150 of the 1,000 plots were left for auction by May 1, 2017, DDA is bound to register this scheme and any other scheme where it sells real estate assets after this timeline.
2022-09-15
BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) halted its anti-encroachment drive at Bagmane Tech Park, following a Karnataka Lokayukta order to follow due legal procedures before demolishing properties the Palike says are illegally located on storm water drains (SWDs). The directive follows a complaint by Bagmane Developers Pvt Ltd. BBMP had earlier marked encroachments at the Bagmane Tech Park for demolition.
2022-09-15
The Dakshin Haryana Bijli Vitran Nigam (DHBVN) has threatened to get the project licences of 25 housing societies in new sectors along the Dwarka Expressway cancelled if their developers fail to get a regular connection in the next two weeks. In the absence of a proper connection due to incomplete electrical infrastructure, these societies are heavily dependent on diesel generators.
2022-09-15
All the proposed metro rail stations being built under Corridor I (Danapur to to Khemnichak) and Corridor II (Patna Junction to Patliputra Bus Terminal) will be green buildings with provisions to conserve energy and rainwater, and enable a sustainable environment. DMRC the nodal agency for the Patna metro rail project, is taking measures to curb air pollution during the construction works across the city and design the stations as eco-friendly structures by following green norms in order to utilize natural resources and local products more effectively.
2022-09-14
The Pune Metropolitan Region Development Authority (PMRDA) has received 566 applications for regularisation after over 7,000 structures were identified as illegal. These structures have come up for regularisation per the Development Control Regulations of PMRDA, 2018. Of the structures that have been regularised, the maximum proposals have come from Haveli followed by Maval and Mulshi.
2022-09-14
TVS Emerald, the real estate division of the TVS Group, is entering the Bengaluru residential market as part of a plan to double the size of its portfolio in the next three years with an investment of more than Rs 1,000 crore. The intended investment will see the Chennai-based company develop more than 4.9 million sq ft of residential properties in Chennai and Bengaluru.
2022-09-14
Agarwal Holdings, a group entity of pharmaceutical manufacturing company Macleods Pharmaceuticals, has acquired a nearly two-acre land parcel and a structure built on the same in plush Juhu locality of Mumbai for Rs 332 crore in two separate transactions. This is the second property bought by Agarwal Holdings in Juhu. Last year, the company had acquired a bungalow in this locality dotted with bungalows and residences of Bollywood personalities and industrialists.
