Parliamentary panel proposes tougher norms for acquiring land for industrial use
A parliamentary panel on Tuesday proposed tougher norms for acquiring land for industrial use, as it finalized the new Land Acquisition, Rehabilitation and Resettlement Bill. The Parliamentary Standing Committee on Rural Development, in a report due to be tabled in the House on Thursday, proposed a more stringent definition of ‘public purpose’ to ensure that the [...]
Continue reading...16. May 2012
‘Wave Mega City Center project violating plan’
The Noida Authority has issued a notice to one of the city’s biggest commercial projects, Wave Mega City Center, and asked to explain why the company has dug deep at their construction site located in Sectors 25A and 32. The company has also been asked to explain why the activity was being conducted without the [...]
Continue reading...16. May 2012
Stamp duty on property deals through power of attorney can rise’
The state can fix higher stamp duty on property transactions done through power of attorney vested in an outsider, as against such power executed through one’s blood relatives like father, mother and wife, the Supreme Court has ruled. A bench of justices R M Lodha and H L Gokhale said such classification cannot be termed as [...]
Continue reading...13. May 2012
Tension of Noida Extension may be end on 22nd May
ग्रेटर नोएडा नोएडा एक्सटेंशन का टेंशन 22 मई तक दूर होने की संभावना है। एनसीआर प्लानिंग बोर्ड की इस दिन बैठक होगी। इसमें ग्रेटर नोएडा का मास्टर प्लान 2021 रखा जाएगा। मास्टर प्लान पर एनसीआर प्लानिंग बोर्ड पहले ही अध्ययन कर चुका है। अब सिर्फ बोर्ड से मुहर लगने की [...]
Continue reading...13. May 2012
DLF to start its own fire brigade
In the next two months, the company will set up at least three fire stations in this NCR city as also in southern city of Chennai Country’s largest real estate player DLF is all set to start its own fire brigade beginning with Gurgaon and Chennai, making it probably the first private [...]
Continue reading...13. May 2012
Ansal Projects seeks denotification of its Gurgaon SEZ
Request for denotification of the SEZ will be placed before the Board of Approval, which is scheduled to meet on May 22 Ansal SEZ Projects has approached the government seeking to surrender its special economic zone in Gurgaon after the imposition of minimum alternate tax and global economic uncertainties. The request for denotification of [...]
Continue reading...13. May 2012
Timely project approvals may bring down housing costs by 25-40%: Kumari Selja
The ministry of housing and urban poverty alleviation has formed a internal committee to evolve a workable strategy for reducing the time taken in approval of real estate projects which could ultimately reduce the cost of houses by 25 to 40%, minister of housing and urban poverty alleviation Kumari Selja said on Friday. The committee, which [...]
Continue reading...12. May 2012
Ajnara first to scrap project in Noida Extension
Given the continuing uncertainty over the fate of housing projects in Noida Extension, in a first-ever instance a prominent builder has scrapped one of its housing projects leaving a large number of home buyers in disarray. Investors have now become wary that scrapping of the project might open a floodgate, wherein other builders might choose [...]
Continue reading...12. May 2012
Metro expansion to Loni approved
Decks were cleared for Metro rail extension towards Loni in Ghaziabad on Friday following a green signal by the empowered committee and cabinet. A meeting was held in this connection in Delhi which was attended by GDA vice-chairman Santosh Yadav. The GDA vice chairman told that the proposal under Mass Rapid Transit System recommended by the [...]
Continue reading...12. May 2012
‘Shapoorji Pallonji, arrested man did biz’
The Anti-Corruption Bureau (ACB) of the Maharashtra Police claims it has found evidence of business transactions of Rs 258 crore between real estate giant Shapoorji Pallonji Company Ltd (SPCL) and the suspended Maharashtra Housing & Area Development Authority (MHADA) deputy collector, Nitesh Thakur. SPCL told The Indian Express that it had made payments to two companies [...]
Continue reading...17. May 2012
Parliamentary panel proposes tougher norms for acquiring land for industrial use
A parliamentary panel on Tuesday proposed tougher norms for acquiring land for industrial use, as it finalized the new Land Acquisition, Rehabilitation and Resettlement Bill. The Parliamentary Standing Committee on Rural Development, in a report due to be tabled in the House on Thursday, proposed a more stringent definition of ‘public purpose’ to ensure that the [...]
Continue reading...16. May 2012
‘Wave Mega City Center project violating plan’
The Noida Authority has issued a notice to one of the city’s biggest commercial projects, Wave Mega City Center, and asked to explain why the company has dug deep at their construction site located in Sectors 25A and 32. The company has also been asked to explain why the activity was being conducted without the [...]
Continue reading...16. May 2012
Stamp duty on property deals through power of attorney can rise’
The state can fix higher stamp duty on property transactions done through power of attorney vested in an outsider, as against such power executed through one’s blood relatives like father, mother and wife, the Supreme Court has ruled. A bench of justices R M Lodha and H L Gokhale said such classification cannot be termed as [...]
Continue reading...13. May 2012
Tension of Noida Extension may be end on 22nd May
ग्रेटर नोएडा नोएडा एक्सटेंशन का टेंशन 22 मई तक दूर होने की संभावना है। एनसीआर प्लानिंग बोर्ड की इस दिन बैठक होगी। इसमें ग्रेटर नोएडा का मास्टर प्लान 2021 रखा जाएगा। मास्टर प्लान पर एनसीआर प्लानिंग बोर्ड पहले ही अध्ययन कर चुका है। अब सिर्फ बोर्ड से मुहर लगने की [...]
Continue reading...13. May 2012
DLF to start its own fire brigade
In the next two months, the company will set up at least three fire stations in this NCR city as also in southern city of Chennai Country’s largest real estate player DLF is all set to start its own fire brigade beginning with Gurgaon and Chennai, making it probably the first private [...]
Continue reading...13. May 2012
Ansal Projects seeks denotification of its Gurgaon SEZ
Request for denotification of the SEZ will be placed before the Board of Approval, which is scheduled to meet on May 22 Ansal SEZ Projects has approached the government seeking to surrender its special economic zone in Gurgaon after the imposition of minimum alternate tax and global economic uncertainties. The request for denotification of [...]
Continue reading...13. May 2012
Timely project approvals may bring down housing costs by 25-40%: Kumari Selja
The ministry of housing and urban poverty alleviation has formed a internal committee to evolve a workable strategy for reducing the time taken in approval of real estate projects which could ultimately reduce the cost of houses by 25 to 40%, minister of housing and urban poverty alleviation Kumari Selja said on Friday. The committee, which [...]
Continue reading...12. May 2012
Ajnara first to scrap project in Noida Extension
Given the continuing uncertainty over the fate of housing projects in Noida Extension, in a first-ever instance a prominent builder has scrapped one of its housing projects leaving a large number of home buyers in disarray. Investors have now become wary that scrapping of the project might open a floodgate, wherein other builders might choose [...]
Continue reading...12. May 2012
Metro expansion to Loni approved
Decks were cleared for Metro rail extension towards Loni in Ghaziabad on Friday following a green signal by the empowered committee and cabinet. A meeting was held in this connection in Delhi which was attended by GDA vice-chairman Santosh Yadav. The GDA vice chairman told that the proposal under Mass Rapid Transit System recommended by the [...]
Continue reading...12. May 2012
‘Shapoorji Pallonji, arrested man did biz’
The Anti-Corruption Bureau (ACB) of the Maharashtra Police claims it has found evidence of business transactions of Rs 258 crore between real estate giant Shapoorji Pallonji Company Ltd (SPCL) and the suspended Maharashtra Housing & Area Development Authority (MHADA) deputy collector, Nitesh Thakur. SPCL told The Indian Express that it had made payments to two companies [...]
Continue reading...
- Parliamentary panel proposes tougher norms for acquiring land for industrial use
- ‘Wave Mega City Center project violating plan’
- Stamp duty on property deals through power of attorney can rise’
- Tension of Noida Extension may be end on 22nd May
- DLF to start its own fire brigade
- Ansal Projects seeks denotification of its Gurgaon SEZ
- Timely project approvals may bring down housing costs by 25-40%: Kumari Selja
- Ajnara first to scrap project in Noida Extension
- Metro expansion to Loni approved
- ‘Shapoorji Pallonji, arrested man did biz’
17. May 2012
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