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GMADA Relief for 900 allottees
Though GMADA has allowed the Sector 76-80 allottees to construct houses, they will have to give an undertaking that they won’t seek basic services for the areas under litigation The Greater Mohali Area Development Authority (GMADA) has allowed nearly 900 allottees in Sector 76-80 to construct houses on their plots. However, the permission comes with a [...]
Continue reading...Demand grows for defence sectors
6. March 2010
Although Sectors 32, 33, 34, 35 and 36 are next to each other and attract buyers, variance in property prices must be considered Property demand for Sectors 32, 33, 34, 35 and 36 in Chandigarh is rising consistently due to proximity to good medical care centres, a commercial complex, the ISBT-43 and reputed educational institutions. These [...]
Continue reading...DLF sells 1200 units in Panchkula in a week
25. February 2010
Delhi-based DLF, India’s largest real estate company by revenue, today stated that it has sold more than 1,200 units of the Panchkula Valley project in less than a week of opening sales. As against the 500 apartments of various sizes with independent floors announced under the first phase of the project, more than 1,200 bookings have [...]
Continue reading...IT township coming up at SAS Nagar
25. February 2010
Sukhm Infrastructures Pvt Ltd on Wednesday launched the newly integrated IT Township at SAS Nagar. On the verge of start up, the IT Township, Yellowstone Landmark Info City, is strategically located close to the upcoming International Airport. It is also in the vicinity of the already developed sectors of SAS Nagar and Chandigarh like Sectors [...]
Continue reading...CHANDIGARH: New housing scheme in Sector 51 soon
20. February 2010
The Chandigarh Housing Board (CHB) would come up with a new housing scheme in Sector 51 this year. These would include LIG, MIG and EWS houses. The decsion was taken in a meeting of the Board of Directors on Friday. The Board also gave approval to the tendering process for Sector 63 housing scheme. Officials said the rates [...]
Continue reading...GMADA to auction institutional, nursing home sites
18. February 2010
AFTER TUESDAY’S FLOP SHOW, DECIDES NOT TO AUCTION RESIDENTIAL SITES IN SAS NAGAR TILL THE MARKET SITUATION IMPROVES auction only institutional and nursing home sites for the time being. Vivek Pratap Singh, Chief Administrator, GMADA, said, “After the poor response to Tuesday’s auction, especially for residential sites, we have decided to hold the auction only after the [...]
Continue reading...GMADA auction flops again
17. February 2010
Only 12 of 45 commercial sites sold; no takers for residential sites due to high reserve price The first auction of the year by the Greater Mohali Area Development Authority (GMADA) proved to be a flop show on Tuesday, with only 12 out of 45 commercial sites being sold.The eight residential sites did not find any [...]
Continue reading...RITES suggests taxes, sale of land to generate revenue for Metro project
13. February 2010
Chandigarh: Comprehensive Mobility Plan (CMP) consultant Rail India Technical and Economic Services (RITES) has suggested a model for generating revenue to implement the Metro rail project in the city. The recommendations include new taxes and sale of land. The authorities at RITES want the taxes as dedicated levies. In their final report to the UT Administration, they [...]
Continue reading...SEZ, DLF wants to start operations
11. February 2010
PLEA FOR ALTERATIONS IN LAND FOR IT SEZ TOO TO COME UP BEFORE BOARD TODAY DLF Cyber City Developers Limited, a subsidiary of M/s DLF Limited, has sought approval of the SEZ’s Board of Approval for starting authorised operations on 32,000 square metre in the non-processing area of its 10.73 hectare IT/ITSEZ in DLF Cybercity, Gurgaon. The [...]
Continue reading...Panchkula and Mohali: Plots versus flats
6. February 2010
Growth trends in the realty sector have been more or less similar in the twin cities of Panchkula and Mohali, but the future might have a different story to tell, Chandigarh’s satellite towns, Mohali and Panchkula, have had similar growth rates where realty is concerned. In both Panchkula in Haryana, and Mohali in Punjab, the plot [...]
Continue reading...Metro project to cost Rs 16,716 crore: RITES
5. February 2010
CHANDIGARH WOULD CONTRIBUTE RS 12,178 CR, WHILE PUNJAB AND HARYANA WOULD CONTRIBUTE RS 3,007 CR AND RS 1,531 CRORE, RESPECTIVELY In its final report submitted to the UT Administration, Rail India Technical and Economic Services (RITES) said building of Rapid Transport System in Panchkula, S.A.S. Nagar and Chandigarh will cost Rs 16,716 crore. The entire project, [...]
Continue reading...Master plans for Kharar, Banur approved
5. February 2010
The Punjab government, on Thursday, approved the master plans prepared by Jurong Consultants, Singapore, for the local planning area of Kharar and Banur. A decision to this effect was taken at the 17th meeting of the Punjab Regional Town Planning and Development Board under the chairmanship of Punjab Chief Minister Parkash Singh Badal at his [...]
Continue reading...Firm to pay for not issuing sale deed
8. January 2010
The written statement of the company is a bundle of lies to justify their inaction in issuing a sale deed to the complainant CONSUMER DISPUTES REDRESSAL FORUM Consumer Disputes Redressal Forum has held Shalimar Estates Pvt. Ltd., Chandigarh, guilty for not issuing the sale deed of a residential plot to the complainant despite payment of all [...]
Continue reading...DLF plans industrial park in SAS Nagar
8. January 2010
2,700 crore is estimated cost of project; Amtek railcar industry, a Rs 330-crore project, underway in Patiala PROJECT TO BE COMPLETED BY DECEMBER, WILL CREATE 2.75 LAKH JOBS, DLF GM ASSURES PUNJAB CM DLF Home Development has evinced keen interest in setting up an Industrial Park over 1,200 acres in SAS Nagar district at a cost [...]
Continue reading...Industrial plots can be converted to freehold
3. January 2010
UT committee decides to follow Delhi pattern UNDER DELHI PATTERN, THE CONVERSION RATES FOR ORIGINAL ALOTTEES OF PLOTS ARE RS 1,800 PER SQUARE YARD AND FOR GPA HOLDERS, IT IS RS 4,000 PER SQUARE YARD To make the industrial plots freehold from leasehold, a high-level committee of Chandigarh administration has recommended to implement the Delhi pattern [...]
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- Ghaziabad : Residents get raw deal from builders , They allege many promises unfulfilled
- Technopark ties up with group of banks for funding
- Ambuja Realty plans Rs.1,065 crore investment
- Ambuja Realty to set up three IT parks in Kolkata
- Tata Housing signs two MoUs with Assam Government
- NOIDA : Circle Rate may be increase by 20 percent
- Rainwater harvesting: 600 property owners seek tax concession
- Building plan for luck
- Encumbrance certificate discloses charge on property
- Rights of a mortgagor
10. March 2010
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