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Maharashtra dist officials get more power to allot land
Pune The state has vested district collectors and divisional commissioners with the power to give advance possession of government land for public amenities or purposes. They will be able give possession of plots of land of up to one hectares and five...
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Sales of Mumbai homes dropping rapidly
Mumbai The sales of residential buildings are dropping, and fast. Past seven month’s data gleaned from the stamp duty and registration department showed that the trend in the eastern suburbs (Kurla to Mulund) has been the worst, with a record 33% slide...
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Palm beach road Mumbai residents blame developers
Mumbai Home buyers, many of whom have invested their life savings to buy high-end apartments on Palm Beach Road, are shocked that a CID inquiry is being conducted into alleged violations of FSI norms in their towers. Clueless as to how to check if their...
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TN govt stops villa project near bird sanctuary
Chennai The state’s department of town and country planning (DTCP) has issued a stop-work notice to a developer for not obtaining prior permission to construct their farmland and resort less than half a kilometre from Vedanthangal bird sanctuary. The...
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Chennai guidance values not reflecting mkt reality
Chennai Hardly anybody would disagree on the need to revise guideline values for registration of properties in the state. It was last revised on August 1, 2007, and since then realty prices have undergone a massive sea change in most places. Though a...
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Chennai land transactions up 40 percent
Chennai After a brief lull during the assembly elections, the state is recording an upward trend in registration of properties. There has been a 40% increase in land transactions in the city during May-July over the same period last year, while the 578...
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Yamuna expressway dispute at HC door
With the Noida land acquisition storm nearly blown over, and farmer-Authority talks in Noida Extension limping along towards the August 12 court-given deadline, the focus of the land acquisition crisis has now shifted to Yamuna Expressway. Monday dealt...
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New software to secure Pune property deals
Pune Buying and selling properties in the city is expected to become more secure, as the inspector general of registrar will soon adopt a new software, iSarita, which will prevent frauds such as selling a property to multiple customers using forged documents....
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Water recycling facility now mandatory for big housing schemes
Pune The Pimpri Chinchwad Municipal Corporation (PCMC) has made it mandatory for big housing schemes to have water recycling facility at their respective sites. On the sidelines of the launch of green building initiative, municipal commissioner Ashish...
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PCMC seeks one year to demolish illegal structures
Pune The Pimpri Chinchwad Municipal Corporation (PCMC) has filed an appeal before the Bombay high court seeking one year extension for the civic administration to take action against the unauthorized constructions in Pimpri-Chinchwad. PCMC’s legal advisor...
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Four Maharashtra dists to start land acquisition
Pune The state government has instructed the district collectors of Dhule, Nashik, Aurangabad and Raigad to initiate the process of acquiring 62,440 hectares of land for the Union government’s Delhi Mumbai Industrial Corridor (DMIC) project. The order...
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Surat infra projects delayed
Surat Three projects that can change the face of Surat – the riverfront development project, the rubber barrage project and the interceptor project – are delayed by six months to an year after they were launched with much fanfare. The idea of building...
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Bangalore mid-income housing witnessing growth
Bangalore With real estate industry moving towards recovery, mid-segment housing is witnessing a boom again. So much so, that real estate developers focused on high-end projects have lined up slew of projects to tap the growing mid-income housing projects....
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MCD allows quarterly property tax payment
Those who missed the June 30 deadline to pay property tax can now pay it on a quarterly basis and the interest on it will be charged on the actual period of delay and not for the entire year. So, those who didn’t pay the tax till June 30, can now pay...
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SC Verdict Benefiting Unitech & Parsvanath’s Noida Based Projects
The Supreme Court’s verdict upholding the denotification of 156 hectares of land allotted for residential development to developers in Greater Noida has come as a blessing in disguise for realty majors including Unitech and Parsvnath, which are seeing...
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Godrej Properties Plan Residential Projects in Hyderabad & Thane
Godrej Properties has entered into a profit sharing agreement with Godrej & Boyce to develop residential projects in Hyderabad and Thane. Under the agreement, Godrej Buildcorp will develop a 9.16 acre at Moosapet, Hyderabad. The approximate developable...
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Anglo Indian to Use MCC Brand for its 12 Proposed Residential Projects in India
Anglo Indian, a real estate development and investment company focused on India-centric projects, will use Marylebone Cricket Club’s (MCC) brand for its 12 proposed residential projects in India. Anglo Indian has inked a licensing agreement with MCC Overseas...
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Ghaziabad Based Project “Hi-tech City” in spotlight for acquisition of 8,700 acres of Land
Fingers are now being raised at acquisition of 8,700 acres, spanning 18 villages in Ghaziabad, for a “hi-tech city” even as the Uttar Pradesh government faces flak for acquiring agricultural land for private builders in Greater Noida. This time, the land...
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Ulhasnagar residents to benefit from monorail
Mumbai The chaotic urban transport situation that the large population of commuters face while commuting to and from the suburbs might get somewhat better with the new monorail routes sanctioned by the Mumbai Metropolitan Region Development Authority...
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Builders angry on FSI premium plan in Mumbai
Mumbai In perhaps his quickest decision till date, chief minister Prithviraj Chavan is believed to have given the go-ahead to the new building approval guidelines prepared by BMC commissioner Subodh Kumar in a move that could meet with strong resistance...
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HC defers Gr Noida land cases hearing
The Allahabad High Court on Wednesday deferred hearing into the land acquisition cases in Greater Noida, and directed to hear all the writ petitions filed against acquisition of land by farmers of several villages on July 26. The petitions have been filed...
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Developers may seek legal recourse against GNIDA
A day after Allahabad High Court scrapped land acquisition at Patwari village, it’s just not the buyers, but also the builders who are reeling under shock. At least 11 developers in the Noida Extension area went into a huddle and then decided to meet...
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Now even DDA flats can have lifts for easier access
The authority has relaxed the norms for installing lifts in its residential buildings on popular demand. From now on, if a majority of flat-owners in abuilding with six to eight houses agree on putting up a lift, all they will require to do is obtain...
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AP High Court will deliver a set of guidelines to the Greater Hyderabad Municipal Corporation (GHMC) authorities for preventing emergence of illegal constructions
Hyderabad The AP High Court will deliver a set of guidelines to the Greater Hyderabad Municipal Corporation (GHMC) authorities for preventing emergence of illegal constructions, misuse of cellars, open spaces, using residential areas for commercial activities...
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Thergaon – a fast growing suburb of Pune
Pune Over the past few years, Thergaon has transformed drastically. Initially, it was nothing more than a hamlet with very less facilities in terms of infrastructure and entertainment. However, now it is coming up in a big way as an ideal place of residence...