2022-08-21
The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has put a few more vacant lands on auction of around 12 acres located in various areas in the city. The authorities are expecting more than Rs 300 crores to Rs 400 crores which can be deposited into the state government’s exchequer. The lands are situated at Madhurawada, Kapuluppada, Parawada, and other places.
2022-08-20
While the civic body continues to ruthlessly seal buildings that do not have ‘Building Use’(BU) permission or demolish illegal constructions, there are 1.17 lakh property owners whose pleas to regularize illegal construction under the impact fee law, were rejected and categorized as illegal by the Ahmedabad Municipal Corporation (AMC). These are awaiting action for a decade now. In 2012, just ahead of the state assembly elections, the AMC had begun the process of regularizing buildings under the Gujarat Regularization of Unauthorized Development Act, 2011, (GRUD Act) after charging an ‘impact fee’.
2022-08-20
According to the bulk deal data available with BSE, American Balanced Fund sold 2,92,62,468 shares of the company. The shares were disposed of at an average price of Rs 357.61 apiece, taking the transaction size to Rs 1,046.45 crore. Meanwhile, ICICI Prudential Mutual Fund picked up the shares of the company. Shares of Embassy Office Parks REIT closed 3.56 per cent lower at Rs 360.94 on BSE.’.
2022-08-20
Any area that qualifies as "extremely vulnerable to disasters" or "lacks minimum standards of quality of built environment" due to a majority of the building stock being substandard or aged could be taken up for redevelopment, upgradation and renewal. Other areas that may also qualify are "unauthorised constructions and settlements on untenable sites" and inaccessible habitations and land sites.’.
2022-08-20
Suspending the part occupation certificate (OC) of a building that has no municipal water connection in Ghatkopar (W), the Bombay high court directed the BMC to explain how it was issued. "We fail to understand how an 'occupancy' certificate can ever be issued to a structure that is totally unfit for human habitation...It is indeed alarming that the MCGM can take it for granted that a building without a regular water supply can be considered habitable and eligible for an 'occupancy' certificate," said Justices Gautam Patel and Gauri Godse in the August 17 order.
2022-08-20
The Cuddalore district consumer disputes redressal commission has ordered four real estate promoters to pay Rs 1 lakh to consumer for failing to provide civic, religious, spiritual and other amenities as promised by them while promoting a project and for involving in unfair trade practices. Commission president D Gopinath and members T Kalaiyarasi and V N Parthiban directed the developer to pay Rs 50,000 as compensation for causing mental agony, pain and suffering to the complainant and Rs 5,000 as litigation cost.
2022-08-20
One of the Supertech's illegal twin towers in Noida has been fully rigged with explosives, as the charging process continued in full swing. Ceyane is the smaller of the two towers and had 29 floors constructed when work was stopped on it. Apex is the taller tower with 32 floors constructed. Both the residential towers were supposed to have 40 storeys.
2022-08-20
The Gujarat high court admitted a petition filed by residents of Waterlily Co-op Housing Society in the Adani Shantigram township, demanding the shifting of an existing 75 MLD sewage treatment plant (STP) of Gandhinagar, and objecting to the establishment of another 65 MLD STP on an adjacent plot. The residents complained that the existing STP does not have any discharge outlet and polluted water after treatment is discharged into open fields in violation of pollution control rules.
2022-08-20
Indore Municipal Corporation (IMC) has identified around 1.60 lakh property in the city where measurement and registration related irregularities have been found. Of these, 1 lakh properties were found to have not been registered in IMC’s record, 39,267 properties have difference in their registered size or construction area that ranges from 2000 sq ft to 5000 sq ft, and 21,571 residential properties were found being used for commercial purposes, said officials.
2022-08-19
As floods wreaked havoc in different districts, including the outskirts of the capital city, the state government has asked urban local bodies (ULBs) to prepare city disaster management plans at the earliest. There have been an increase in natural disasters due to climate change affecting people, infrastructure and assets in urban areas. Odisha State Disaster Management Authority (OSDMA) said executive officers of ULBs should prepare city disaster management plans for various disasters and risk mitigation in their area development plans. OSDMA will provide necessary financial support for various activities for it.
