Which authority in UP has run out of housing projects? Which real estate giant is building World Trade Centre in Chennai? Know more about what is happening in the Real Estate sector.
Landlords to get market price under tenancy law
After a decade-long wait, owners of prime properties across India, particularly Mumbai and New Delhi, can soon anticipate relief by receiving market rent from their tenants who have been paying amounts that were fixed over six decades ago.
Read More: http://bit.ly/tenancy-law-et
Delhi civic body may tweak heritage customs for reuse of old structures
DDA has decided to alter the Delhi Urban Heritage Foundation Regulations, 1999, to protect “tangible and intangible heritage” of the city. According to officials, the move is aimed at promoting restoration and reuse of buildings notified by metropolitan partnerships.
The land-owning agency proposes to bring water bodies, books, baolis (step wells),old records, maps, and so forth, under the realm of the regulations.
Read More: http://bit.ly/delhi-heritage-norms-et
Devpt authorities in UP run out of land for housing projects
For those sitting tight for UP government to report a reasonable lodging plan, here comes a stunner: 26 out of the 32 advancement powers (DAs), incorporating those in Lucknow, Kanpur, Agra and Varanasi couldn’t procure a solitary inch of area to satisfy lodging needs of individuals amid money related to the financial year 2015-16 ending Thursday.
Read More: http://bit.ly/up-housing-projects
Chennai to get World Trade Centre at cost of over Rs 1,000 crore
Bengaluru-based Brigade Group, which holds licenses to construct World Trade Centers in five southern urban areas, will fabricate its third WTC after Bengaluru and Kochi in Chennai, growing great more than 2.5 million sq. ft of business and office space on the 16-section of land area bundle it purchased from Kansai Nerolac Paints Ltd
Read More: http://bit.ly/world-trade-centre-chennai-et
New ready reckoner rates for Maharashtra to be released on Thursday
The tremendously anticipated new prepared reckoner (RR) rates will be declared by the state enlistment and stamps office on Thursday evening. Government sources said the normal increment in Mumbai will be under 10%, and a large portion of it will influence properties in suburbia, where the RR rates are low as compared to the business sector cost.
Read more: http://bit.ly/reckoner-rates-maharashtra-et
RBI to ease external commercial borrowing norms for infrastructure sector
Growing the source of funding for the infrastructure segment, the Reserve Bank of India (RBI) has permitted base organizations and non-banking finance companies (NBFCs) that loan to the segment to raise external commercial borrowings (ECBs) with a base development of five years.