PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Country’s Biggest Land Monetisation Drive On The Cards

Loading video...

Description

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

State-run real estate firm National Buildings Construction Corporation has kicked off the biggest land monetisation drive in the country. The company has written to 74 loss-making public sector companies to seek details of spare land available with them. It is estimated that the land bank of all such companies is around 2.5 lakh acres with some of the loss-making firms such as HMT, Hindustan Photofilms and ITI holding more than 100 acres of prime land in metros.

Hitting out at the Uttar Pradesh government and public authorities in Agra for ‘improper’ demarcation of the Yamuna floodplains and fixation of pillars, the National Green Tribunal said 85 per cent of the buildings on the riverbed were liable to be demolished. The tribunal has asked real estate developers and other parties in the case to file their replies within two weeks.

The mega housing project of the Bangalore Development Authority (BDA) on the city’s outskirts has run into rough weather with the state’s Environment Impact Assessment Authority (SEIAA) putting on hold the project for lack of environmental clearance, which is apparently coming up on a no-construction zone. The BDA plans to construct 1,068 units of 2BHK flats in Bengaluru South with a total built-up area of more than 1.05 lakh sq. m.

The Sahara Group has raised Rs 150 crore from its controversial 106-acre Oshiwara land parcel by tying up with Ahmedabad-based developer Safal Group. This land, which is part of a larger 550-acre sprawl, has long been in the eye of a storm with environmentalists opposing any construction on this land, stating it is a no-development zone. But the city’s revised development plan has allowed development on this land if part of it is used for public housing.

Tags: Ahmedabad, Uttar Pradesh, Bangalore Development Authority, Video, National Buildings Construction Corporation


#RealtyNewsRoundup: Mumbai May Lose Its Mangroves To Developers

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

May 12 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Land Deals To Turn Costlier In Bengaluru

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

April 11 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Maharashtra CM Approves Consumer-Friendly RERA

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

March 23 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: DIFC To Sign MoU With GIFT City

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

March 01 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Homes To Fall Under 5% Slab In GST Regime

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

November 04 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: India Needs To Urbanise Rapidly, Says Arun Jaitley

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

October 28 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Contest For Third Set of Smart Cities To Be Held In March 2017

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

October 14 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Pune To Get An International Airport

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

October 07 2016

+ Click Here To Read This Article

There are so many ways in which you could have miscalculated the entire thing and might be starting...

A number of developers have come up with township projects in different parts of Bengaluru....

Raipur administration is planning an 18-acre forest amid the city. The city, which has been ranked...

Service tax is payable only on property purchase directly from developers and is not required in...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

Noida offers a perfect blend of residential apartment societies, luxury villas and commercial...

A number of developers have come up with township projects in different parts of Bengaluru....

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

PropGuide simplifies complex real estate jargons for you.

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

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

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top