Big surge in real estate coming via NTC mills in central Mumbai
A massive 18 lakh sq ft of new construction will be generated in central Mumbai due to the redevelopment of 11 chawls inside nine defunct National Textiles Corporation (NTC) mills. It’s a real estate influx that, planners say, could put…
Affordable plotted housing scheme suspended in Gurugram & Faridabad over high land cost
The state government has put on hold its ambitious affordable plotted housing scheme —Deen Dayal Jan Awas Yojna (DDJAY) — in Gurgaon and Faridabad, citing high cost of land and its failure to benefit the lower- and middle- income families,…
IMC identifies top 20 property tax defaulters
Indore Municipal Corporation (IMC) has issued a list of top 20 property tax defaulters and instructed the officials concerned to approach them to pay around Rs 52.75 Crore of dues. According to senior IMC officials concerned, the civic body has around Rs 750…
No construction without building plan approval
Taking serious note of illegal constructions in the city, the local bodies department has issued a warning to Ludhiana municipal corporation to ensure that no construction takes place without a building plan approval. In this regard, a letter has been issued to…
Town planning schemes may get Maharashtra’s nod
Five town planning schemes in the Pune Metropolitan Region are in the final stages of approval from the state government. PMRDA is all set to allocate Rs50 cr for each scheme, once it is cleared in the upcoming budget meeting, said officials….
TVS buys 5,023 sq ft bungalow in Bengaluru
TVS Motor Co has purchased a 5,023 sq ft bungalow in Bengaluru’s Koramangala locality for Rs 20.93 crore, the company’s third large-ticket acquisition in three months. The property, with ground plus two structures, was purchased from Bengaluru residents PS Sanjeev and Anitha Sanjeev, according…
NRI businessman Jai Mahtani buys flat in South Mumbai
Non-resident Indian businessman Jai Mahtani has bought a sea-view luxury apartment in JSW Realty’s super-premium project Morena House in South Mumbai’s plush Carmichael Road for Rs 83.37 crore. The deal for the apartment, spread over a carpet area of 5,211 sq ft, is valued at around Rs 1.60…
CHB to come up with two different housing schemes
The Chandigarh Housing Board (CHB) will now come up with two different ‘Sector 53’ housing schemes. The first will comprise three-bedroom (3-BHK), two-bedroom (2-BHK) and two-room flats, while the second will have four-bedroom (4-BHK) flats only. The decision was taken in the…
BBMP to organise Khata mela from Feb 3-5
Good news awaits property owners waiting to get khata certificates from the Bruhat Bengaluru Mahanagara Palike (BBMP). The agency is geared up to organise a three-day ‘khata mela’ from February 3 to 5. “We are expecting to generate a revenue of Rs…
GCDA to launch software based system for rent collection
In a first, Greater Cochin Development Authority (GCDA) will soon launch a software-based system for collecting and managing rents of its shops and building complexes. Rent collection of GCDA has been a mess over these years and according to some of the officials, there…