2022-09-14
Agarwal Holdings, a group entity of pharmaceutical manufacturing company Macleods Pharmaceuticals, has acquired a nearly two-acre land parcel and a structure built on the same in plush Juhu locality of Mumbai for Rs 332 crore in two separate transactions. This is the second property bought by Agarwal Holdings in Juhu. Last year, the company had acquired a bungalow in this locality dotted with bungalows and residences of Bollywood personalities and industrialists.
2022-09-14
Indore is all set to have a digital address system with Indore Smart City Development Limited (ISCDL) signing up a memorandum of understanding (MoU) with a city-based start-up to launch a mobile application for allotting a unique digital doorstep number for all property free of cost. The mobile application — ‘Pataa’ — which has already been launched, focuses on simplifying a long address into a digital code and making navigation process a lot simpler without charging anything from the users.
2022-09-14
The Uttarakhand high court prevented builder Upendra Jindal from constructing a motorable road in the reserved forest of Nainital's Pangoot area. The order came as the court was hearing a PIL filed by the gram pradhan of Budhiakot (which falls under the Pangoot area). The PIL added that rather than a pedestrian path, the builder started constructing a motorable road. The petitioner also alleged that the forest area falls under the Naina Devi Bird Conservation Centre.
2022-09-14
MUMBAI: The BMC is gearing to auction as many as 65 properties of property tax defaulters in the city. Property tax defaulters owe the BMC a total of Rs 16,624 crore. More than Rs 10,000 crore of this outstanding amount is under litigation though. The ward that tops in property tax outstanding is G-South (N M Joshi Marg, Prabhadevi, Worli) with an outstanding of Rs 1,708 crore.
2022-09-14
A draft of the revised master plan for Mangaluru City, which is being prepared by the Mangaluru Urban Development Authority (Muda), is likely to be ready in two months. The new master plan for Mangaluru will be published only after hearing people’s objections to the draft. The authority has been working on the revised plan as per the guidelines of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.
2022-09-14
The Tamil Nadu Pollution Control Board issued a statement that all building projects including multi-storied apartment buildings, IT parks, commercial establishments having built-up area more than 20,000 sq m shall get consent to operate from the TNPCB under the Water (P&CP) Act, 1974 and the Air (P&CP) Act, 1981. Even construction projects with built-up area less than 20,000 sqm, if they are provided with sewage treatment plant should also get consent of the board for effective monitoring of operation of such plants, the statement said.
2022-09-13
Sunteck Realty has acquired a 7.25 acres land parcel at Beverly Park, Mira Road, Mumbai under the joint development agreement (JDA) model. The project is estimated to have development potential of approx 2.5 million sq ft built up area and a revenue potential of around Rs 3,000 crore. Post pandemic, Sunteck Realty has done multiple acquisitions to the tune of 25.5 million sq ft in areas taking the total development portfolio to 52.5 million sq ft across 20 projects.
2022-09-13
The Pune Metropolitan Region Development Authority (PMRDA) is planning to use remote sensing satellite images and the Geographical Information System (GIS) data along with drones to identify illegal constructions in the area. A pilot was launched in April-May this year which helped identify over 100 constructions. The PMRDA has procured two drones and plans to use them to keep a check on illegal constructions, said officials.
2022-09-13
Residents of BPTP township in Sector 37D protested against the developer's decision to hike the maintenance fee to Rs 3.50 per sq ft from Rs 2.19 per sq ft. The residents pointed out that the developer has levied the cost of dewatering, water supply and electrical supply faults, which was supposed to be payable by them. Moreover, the developer has raised the bill of Rs 1500 per family for club charges without any explanation or prior discussion.
2022-09-13
LUDHIANA : In a big decision taken by the brick kiln owners as part of their ongoing protest against the Central government, they have decided to halt the sale of bricks for six days. The development might lead to crisis for the construction industry and also impact ongoing residential and commercial construction projects in the city.
