Weekly #RealtyNewsRoundUp: Thane Civic Body Frees Up Land Worth Rs 800 Cr As A Part Of Demolition Drive
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Realty News Weekly Roundup is PropGuide's selection of top stories of the week from the real estate sector.
The Noida Authority will auction 12 commercial plots located in different sectors of Noida, and are on a 90-year lease. The size of these plots ranges from 6,046 square meters to 64,500 square meters. The bidding will close on July 17. Read more.
In Kolkata, the residents of Salt Lake will be allowed to use residential buildings for commercial purposes only if they clear all their property tax dues. In 2013, the urban development department in the state had allowed commercial use of residential buildings for 60 pollution-free and non-hazardous businesses. Read more.
Thane Municipal Corporation's (TMC) demolition drive has freed up 75-acre land worth Rs 800 crore. The civic body has cleared nearly 3,000 encroachments in different parts of the city. It is being seen as the biggest demolition drive in the Mumbai Metropolitan Region in the recent past. Read more.
The Gujarat government notified nearly 2,500 properties in Ahmedabad's Walled City as heritage properties. A high-powered UNESCO team is expected to arrive in Ahmedabad to decide whether the city deserves to be classified as a world heritage city. Read more.