99acres Bureau

 

Stay abreast with the latest news, stories and trends in Indian real estate at the 99acre’s Bureau. Whether it is a policy change or an infrastructure upgrade, if there is a real estate news doing the rounds, we capture it right here.

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Tamil Nadu: 100 wetlands to be safe

Around hundred water bodies in Tamil Nadu will get an additional protective ring as the State Wetland Authority will be notifying them as ‘priority...

Around hundred water bodies in Tamil Nadu will get an additional protective ring as the State Wetland Authority will be notifying them as ‘priority wetlands’. This initiative by the government will begin a series of measures for better conservation. After the issuance of the notification, the...

  • May 22, 2018
  • 4

Pune civic body recovers property tax worth Rs 357 crore

The property tax department of Pune Municipal Corporation (PMC) has collected property tax worth Rs 357 crore between April 1 and May 20. Ov...

The property tax department of Pune Municipal Corporation (PMC) has collected property tax worth Rs 357 crore between April 1 and May 20. Over 50 percent of the total tax was collected via online routes. More than 1.79 lakh taxpayers have paid the tax so far and more than 4...

  • May 22, 2018
  • 21

Bhubaneswar: E-office to ensure paperless work for smart city projects

Bhubaneswar Smart City Limited (BSCL) has initiated an e-office to pave way for paperless work in all smart city-related projects. The shift of soft f...

Bhubaneswar Smart City Limited (BSCL) has initiated an e-office to pave way for paperless work in all smart city-related projects. The shift of soft files from bottom to top will be now monitored on the screen. R Vineel Krishna, The chief executive officer (CEO) of BSCL inaugurated the office. The...

  • May 22, 2018
  • 20

Builders: Plots along Nagpur Metro corridor should get extra FSI

City builders in Nagpur have sought further relaxation for the Nagpur Metro Rail corridor as they are not satisfied with the amended transit-oriented ...

City builders in Nagpur have sought further relaxation for the Nagpur Metro Rail corridor as they are not satisfied with the amended transit-oriented development (TOD) policy by the State urban development ministry (UD). In this regard, Nagpur unit of The Confederation of Real Estate Developers'...

  • May 22, 2018
  • 19

Pune authority launches online building approval system

The Pune Metropolitan Region Development Authority (PMRDA) has launched the Online Building Planning Approval System (OBPAS). For this, a training wor...

The Pune Metropolitan Region Development Authority (PMRDA) has launched the Online Building Planning Approval System (OBPAS). For this, a training workshop was conducted with an aim to create awareness among builders about how to get the building approvals online. Kiran Gitte, Commissioner, PMRDA,...

  • May 21, 2018
  • 76

Kolkata authority collects Rs 1 crore as property tax under UAA system

The New Town Kolkata Development Authority (NKDA) has collected more than Rs one crore as property tax since April 1, 2018. The collection is recorded...

The New Town Kolkata Development Authority (NKDA) has collected more than Rs one crore as property tax since April 1, 2018. The collection is recorded after the introduction of property tax assessment and collection based on unit area assessment (UAA). Officials have shared that more than 3,500...

  • May 21, 2018
  • 84

Punjab RERA: List of approved projects and agents till date

The Punjab Real Estate Regulatory Authority (Punjab RERA) has approved a total of 514 ongoing real estate projects across the state till now. All nece...

The Punjab Real Estate Regulatory Authority (Punjab RERA) has approved a total of 514 ongoing real estate projects across the state till now. All necessary project details are available on PunjabRERA official website. List of Approved Projects by Punjab RERA - Click to Download As of now, over...

  • May 21, 2018
  • 626

Housing sales up by 13 percent during FY 2017-18: Report

According to a recent research by Liases Foras Ratings & Research, the housing sales have gone up by 13 percent across top eight Tier I cities acr...

According to a recent research by Liases Foras Ratings & Research, the housing sales have gone up by 13 percent across top eight Tier I cities across the country during the last fiscal year, 2017-18. Out of all eight cities, Mumbai Metropolitan Region recorded tremendous growth of 25 percent....

  • May 21, 2018
  • 87

Rajasthan proposes 50 percent resumption charges for plot owners

The Rajasthan government has proposed to impose 50 percent resumption charges on owners who have bought plots under the government schemes but have no...

The Rajasthan government has proposed to impose 50 percent resumption charges on owners who have bought plots under the government schemes but have not initiated minimum construction as mandated. If the proposal is implemented, the owners will have to pay extra 35 percent of the resumption charges....

  • May 21, 2018
  • 69

Centre sanctions over 45 lakh homes under PMAY (Urban)

The Central Government has sanctioned the development of over 45 lakh affordable houses in urban areas across the country under the Pradhan Mantri Awa...

The Central Government has sanctioned the development of over 45 lakh affordable houses in urban areas across the country under the Pradhan Mantri Awas Yojana (PMAY) since 2014. Officials have shared that a 240 percent increase witnessed in sanctioning of flats under housing scheme. Before 2014,...

  • May 21, 2018
  • 73

Madhya Pradesh RERA resolves over 400 complaints till date

Madhya Pradesh Real Estate Regulatory Authority (Madhya Pradesh RERA) has disposed of over 400 complaints filed by the homebuyers against the errant d...

Madhya Pradesh Real Estate Regulatory Authority (Madhya Pradesh RERA) has disposed of over 400 complaints filed by the homebuyers against the errant developers across the State. The detail of disposed of complaints can be seen on the State's RERA official website. Check all Madhya Pradesh RERA...

  • May 20, 2018
  • 70

Bogibeel bridge to be inaugurated by end of 2018

The civil construction work on India's longest road and railway bridge, Bogibeel bridge, connecting Dibrugarh in Assam to Pasighat in Arunachal Prades...

The civil construction work on India's longest road and railway bridge, Bogibeel bridge, connecting Dibrugarh in Assam to Pasighat in Arunachal Pradesh is in its final stage. It is expected to be completed by July 2018. The Central Government is more likely to inaugurate the Bogibeel bridge by the...

  • May 20, 2018
  • 74

Bihar RERA issues notices to builders for not registering projects

The Bihar Real Estate Regulatory Authority (Bihar RERA) has recently issued show-cause notices to developers for not registering their ongoing project...

The Bihar Real Estate Regulatory Authority (Bihar RERA) has recently issued show-cause notices to developers for not registering their ongoing projects located in and around Patna under the Real Estate (Regulation and Development) Act (RERA). The notices were issued against Agrani Homes Private...

  • May 20, 2018
  • 70

Pune signs MoU with Singapore for drafting development plan

Pune state government has signed a Memorandum of Understanding (MoU) with International Enterprise Singapore on Wednesday to formulate a development p...

Pune state government has signed a Memorandum of Understanding (MoU) with International Enterprise Singapore on Wednesday to formulate a development plan for PMRDA (Pune Metropolitan Region Development Authority). The development plan will focus on covering the region of 7,357 sq km. Kiran Gitte,...

  • May 19, 2018
  • 82

Town Planning Department demolishes illegal colonies in Sohna tehsil

On Tuesday, the Department of Town and Country Planning (DTCP) demolished two colonies in Sohna tehsil. The officials also demolished the roads that w...

On Tuesday, the Department of Town and Country Planning (DTCP) demolished two colonies in Sohna tehsil. The officials also demolished the roads that were made by encroachers for day to day travel to colonies. The initiative was carried out by a team including RT Sharma - the district town planner,...

  • May 19, 2018
  • 76

Tamil Nadu collaborates with World Bank to review housing projects

Officials from World Bank will be spending three days in Chennai to review projects initiated by the Slum Clearance Board (SCB) and Tamil Nadu Housing...

Officials from World Bank will be spending three days in Chennai to review projects initiated by the Slum Clearance Board (SCB) and Tamil Nadu Housing Board (TNHB). The aim of teaming up is to provide housing for all under central government’s flagship housing schemes. On Wednesday, the Tamil...

  • May 19, 2018
  • 80

Govt to build 5 new greenfield highways across major routes

The Ministry of Road Transport and Highways have identified five greenfield road networks which will provide access with major industrial and manufact...

The Ministry of Road Transport and Highways have identified five greenfield road networks which will provide access with major industrial and manufacturing hubs. As per a report, the proposed road networks will cut down the prevailing distance on the identified stretches by up to 200 km. The five...

  • May 18, 2018
  • 30

MahaRERA issues recovery warrants against six developers

The Maharashtra Real Estate Regulatory Authority or MahaRERA has issued recovery warrants against six developers based in Mumbai, Pune, Thane, Chandra...

The Maharashtra Real Estate Regulatory Authority or MahaRERA has issued recovery warrants against six developers based in Mumbai, Pune, Thane, Chandrapur and Raigad for the non-execution of orders. The warrants were issued after several homebuyers approached the regulatory authority seeking...

  • May 18, 2018
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