PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: BMC Okays Policy To Connect Rooftops of High-Rises [Video]

Loading video...

Description

Realty News Roundup is PropGuide’s selection of the day’s top stories from the real estate sector.

As per the new Crown Policy introduced by Brihanmumbai Municipal Corporation, terraces of high-rise buildings in the city will now be allowed ornamental projections and architectural features. Under the policy, developers will be allowed to connect their towers with a steel beam to create recreational space for residents. Singapore’s Marina Bay Sands has a sky park connecting the rooftops of its three skyscrapers, which has a large infinity pool.

After getting a go-ahead from the high court to regularise illegal buildings in its cities, the state government is now planning to regularise private houses across rural Karnataka. These will include residential farmhouses and independent houses in small towns which have been built without converting land or taking necessary permission. The move is expected to benefit about 25 lakh households and generate a revenue of around Rs 1,000 crore.

Infosys has acquired about three acres of land in Electronics City for Rs 32.5 crore from Pradot Technologies. The IT company paid about Rs 2,500 per sqft for the land parcel.

The Karnataka government recently made it clear that handwritten khatas were illegal. Following complaints of handwritten khatas being used to carry out fraudulent transactions, state minister for rural development and panchayat raj HK Patil said the government switched over to electronically generated khatas (e-khatas) three years ago. Khata is a revenue document, containing details about the size, location, built-up area of a property, besides information about tax assessment.

Source: Media reports

Tags: Mumbai, Karnataka, Brihanmumbai Municipal Corporation, Infosys, Video


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Mumbai Landlord Gets Jail For Not Repairing Building [Video]

Here are today's top news stories from the real estate sector.

December 23 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: BMC To Hand Over Open Spaces To Residents For Maintenance

Here are today's top news stories from the real estate sector.

September 30 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Karnataka Extends Time Limit To Regularise Rural Properties

Here are today's top news stories from the real estate sector.

September 02 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Don't Hike Circle Rate in Noida, CREDAI Tells UP Govt

Here are today's top stories from the real estate sector.

July 01 2016

+ Click Here To Read This Article

How A Swedish Touch May Help Maharashtra’s Smart Cities Get Smarter

Sweden has offered Maharashtra its assistance in developing its smart cities. PropGuide examines Sweden's SymbioCity model and how it may help building smart cities in Maharashtra.

November 20 2015

+ Click Here To Read This Article

Here are the top stories of the week from the real estate sector.

Here are today's top news stories from the real estate sector.

After revisions in the draft rules of the Real Estate (Regulation & Development) Act, 2016,...

Structural defects, legal verification, and encumbrance are few things that you need to check...

New projects, numerous options, and reputed developers, make these five localities ideal for...

If the demands of the Chief Minister Yogi Adityanath-led state government are met, the road for...

Here is a checklist of documents required for buying a property. While some of these documents have...

Though Bahadurgarh real estate market doesn't look bright yet, there are key drivers that can help...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top