[ad_1] PUNE: An increase in the Floor Space Index (FSI) from the existing 1 to 2 for civil areas has been proposed by Pune Cantonment Board. The board submitted its proposal to the Principal Directorate of Defence Estates (PDDE) of Southern Command for consideration before sending it to the Directorate General of Defence Estates in…
[ad_1] GHAZIABAD: Flat Owners’ Federation in Ghaziabad proposed greater authority under UP Apartment bylaws during a meeting with district magistrate Deepak Meena. The federation said they wanted to manage housing society disputes and elections across 400 complexes. Federation representatives put forth several civic and environmental concerns, called for a formal role in overseeing housing society…
[ad_1] CHENNAI: The Tamil Nadu Urban Habitat Development Board (TNUHDB) has imposed a fine of 15 lakh on a contractor for slow progress of reconstruction work at sites at Gandhi Nagar, Periyar Nagar, and Goyathoppu under the Pradhan Mantri Awas Yojana (Urban) – Affordable Housing in Partnership (PMAY-AHP) scheme. Each of these projects, involving the…
[ad_1] NEW DELHI: Pharmaceutical company MSN Group is foraying into the real estate sector through MSN Realty. The company plans to develop 20 million sq ft of residential and commercial space in and around Hyderabad, over next five years. In an exclusive conversation with ETRealty, MSN Reddy, founder and chairman, MSN Group talked about why…
[ad_1] Representative Image NEW DELHI: The Enforcement Directorate (ED) on Friday said it has arrested the main promoter of a Noida-based real estate company under the anti-money laundering law in a case linked to the alleged diversion of home buyers’ funds worth Rs 107 crore. Anil Mithas of the Unnati Group was taken into custody…
[ad_1] representative image MUMBAI: Illegal constructions completely jeopardize the planned development of the city and drain existing resources, the Bombay High Court has said while ordering the civic body to demolish within one week a one week a community hall constructed unauthorizedly on a plot reserved for a playground in Ghatkopar. A bench of Justices…
[ad_1] representative image Markets regulator Sebi on Thursday proposed enhancing limits for investments by mutual funds in REITs and InvITs in a bid to provide more investment avenues and further diversification of such schemes. The proposal, if implemented, is also expected to increase the capital inflow into the instruments — real estate investment trusts (REITs)…
[ad_1] representative image BENGALURU: The Bangalore Electricity Supply Company Ltd’s (Bescom) new mandate to those seeking electricity connections for new constructions has left property owners distraught. This follows a BBMP directive, citing a Supreme Court order, to the power utility not to provide electricity connections to residential and commercial buildings lacking occupancy certificate (OC) and…
[ad_1] representative image LUCKNOW: Taking another step towards protecting the Ganga river, the Uttar Pradesh govt has decided to ban construction activity within the 200 metres radius of the river. In a first, the proposed draft of the building byelaws, likely to be notified soon, defines the kind of construction activity to be permitted along…
[ad_1] representative image LUCKNOW: In a decision aimed at easing the process of building map approvals, the Lucknow Development Authority (LDA) eliminated the requirement of obtaining a no objection certificate (NOC) from the municipal corporation. The move, announced by LDA vice chairperson Prathamesh Kumar and approved in the recent board meeting, is expected to benefit…