Daily Real Estate News Digest (27th July 2018)

Ahmedabad-based Binori Group buys 7,400 sq yard plot worth over Rs 200 crore

A plot close to SG Highway has become the costliest piece of land in the State. At a never-before-heard price of Rs 2.80 lakh per sq yard of land, a city-based real estate group has bought a party plot spread over 7,400 sq yard area on Sindhu Bhavan road.

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Government plans HUDCO and NBCC share sale

The government is planning to sell up to 10 % stake each in real estate firms HUDCO and NBCC as also 3 % in NTPC through an offer for sale, which could fetch about Rs 5,900 crore to the exchequer.

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Pune's Veracity Landmark Promoters told to refund Rs 1.95 lakh for failing to hand over plot

The district consumer court recently ordered a property development firm Veracity Landmark and its director to jointly refund Rs 1.95 lakh along with 18% per annum interest since February 7, 2014, to a Pashan resident for deficient service.

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Gurugram bench chief says RERA covers past projects too

The chairman of Haryana Rera’s Gurugram bench has said the real estate law applies to all projects, irrespective of the date of completion. Which means, anyone with a grievance against a realtor can approach the Real Estate Regulatory Authority and the complaint will be taken up.

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Online building plan sanction in Nagpur goes live, initial glitches exist

The Nagpur Municipal Corporation launched the Building Plan Management System, an online portal for architects and civil engineers to submit building plans to get sanction. This system, launched under Central government’s ‘Ease of Doing Business’ initiative, intends to curb underhand dealings, and sanction all plans within 30 days of submission.

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Transfer assets data or will stop RHB colonies' upkeep: Jaipur civic body

The Jaipur Municipal Corporation has threatened to stop maintenance work in the Rajasthan Housing Board (RHB) colonies, if the record of assets and properties is not transferred. 

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Property tax hike reduced for rented residential buildings in Tamil Nadu's urban areas

Days after announcing revised property tax in urban local bodies in the state, the Tamil Nadu government on Thursday reduced tax for rented residential buildings from 100% to “not more than 50%.”

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Indore civic body to auction 150 property of defaulters from Aug 2

Indore Municipal Corporation is all set to auction over 150 properties of tax defaulters from August 2.

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Goa govt brings in bill to incentivize land acquisition and preservation of green area

The Goa Town and Country Planning (Amendment) Bill 2018, which proposes to create transferable development rights and the process for change in zoning of land, was introduced in the Goa Assembly session 

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BDA to construct 600 houses for EWS people in PPP mode

The Bhubaneswar Development Authority has planned to construct 600 houses for EWS people in PPP under housing for all scheme.

United News of India

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