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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Karnataka RERA approves 65 projects in Mysore

The Karnataka Real Estate Regulatory Authority (Karnataka RERA) has approved a total of 65 ongoing projects in Mysore. Over 100 applications have been...

The Karnataka Real Estate Regulatory Authority (Karnataka RERA) has approved a total of 65 ongoing projects in Mysore. Over 100 applications have been received by the authority. The remaining applications will be approved by the regulator in the coming weeks. Interestingly, not a single application...

  • February 17, 2018
  • 12

Bihar sanctions Rs 230 crore for road projects in seven districts

The Bihar government has approved a fund of Rs 230 crore for the construction of road projects in seven districts across the state. Nand Kishore Yadav...

The Bihar government has approved a fund of Rs 230 crore for the construction of road projects in seven districts across the state. Nand Kishore Yadav, Road Development Minister, Bihar, has informed that the state government has sanctioned Rs 117 crore for upgradation of Biharsharif bypass road to...

  • February 17, 2018
  • 13

MahaRERA fines over 1700 developers

Till now, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has penalised developers of 1,716 ongoing projects for delay in registering with...

Till now, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has penalised developers of 1,716 ongoing projects for delay in registering with the regulatory authority and generated over Rs 18 crore revenue. Delaying in registration have imposed a penalty of Rs 50,000 up to Rs 10...

  • February 17, 2018
  • 59

Pune district collector proposes 3 percent hike in ready reckoner rate

Pune district collector has proposed a 3 percent increase in the Ready Reckoner (RR) rates for the city. The proposal will be sent to the department o...

Pune district collector has proposed a 3 percent increase in the Ready Reckoner (RR) rates for the city. The proposal will be sent to the department of Registration and Stamps post which, it will reviews and a final announcement of the rates is anticipated to be announced on April 1. However, the...

  • February 16, 2018
  • 22

Major Arterial road may propel demand for sites: BDA

Concerned about the shrinking demand for sites in the Magadi road and Mysuru road layout, the cash-strapped Bangalore Development Authority (BDA) is h...

Concerned about the shrinking demand for sites in the Magadi road and Mysuru road layout, the cash-strapped Bangalore Development Authority (BDA) is hoping  that the proposed 11 km long Major Arterial Road (MAR) linking the two roads and carving through Nadaprabhu Kempegowda Layout will propel...

  • February 16, 2018
  • 20

Pune plans e-connectivity network in Aundh-Baner-Balewadi area

In a bid to develop shared digital infrastructure, the Pune Smart City Development Corporation Ltd (PSCDCL) has requested private participation to cre...

In a bid to develop shared digital infrastructure, the Pune Smart City Development Corporation Ltd (PSCDCL) has requested private participation to create e-connectivity infrastructure in the Aundh-Baner-Balewadi (ABB) area. The news comes three days after the Pune Municipal Corporation (PMC)...

  • February 16, 2018
  • 16

Hyderabad raises Rs 200 crore via bonds for smart city project

In order to support the government’s ambitious Smart City project, Greater Hyderabad Municipal Corporation (GHMC) has raised Rs 200 crore of funds b...

In order to support the government’s ambitious Smart City project, Greater Hyderabad Municipal Corporation (GHMC) has raised Rs 200 crore of funds by selling muni-bonds. This is the second bond sale incidence in recent months after the Pune local body raised funds in June last year. Debt...

  • February 16, 2018
  • 141

Tellapur to have first integrated township in Telangana

Telangana will soon have its first integrated township at Tellapur in Ranga Reddy district which has been recently approved by the municipal administr...

Telangana will soon have its first integrated township at Tellapur in Ranga Reddy district which has been recently approved by the municipal administration department. The project will be jointly developed by Tellapur Techno-City Project Limited (TTPL) and Hyderabad Metropolitan Development...

  • February 16, 2018
  • 96

YEIDA to verify all approved projects for layout plan violations

To check violations of approved building maps by the developers, the Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday said that ...

To check violations of approved building maps by the developers, the Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday said that it would inspect all authorized projects. The decision comes days after the authority conducted a financial audit of 28 builders in its area. The...

  • February 16, 2018
  • 82

Karnataka RERA: List of approved projects and agents

After Maharashtra, Karnataka is the second most active state in the implementation of the Real Estate (Regulation and Development) Act (RERA) rules. T...

After Maharashtra, Karnataka is the second most active state in the implementation of the Real Estate (Regulation and Development) Act (RERA) rules. The Karnataka government had launched an online portal for registration and filing complaints under RERA, and a regulatory authority for smooth...

  • February 16, 2018
  • 12252

Aurangabad civic body proposes 75% rebate for property tax deafulters

The Aurangabad Municipal Corporation (AMC) has proposed to waive off 75 percent of the penalty imposed on property tax dues. The benefit will also be ...

The Aurangabad Municipal Corporation (AMC) has proposed to waive off 75 percent of the penalty imposed on property tax dues. The benefit will also be applicable to those property owners who are ready to settle their outstanding tax amount in one go. Officials have informed that the amnesty scheme...

  • February 15, 2018
  • 81

Tamil Nadu RERA: Over 340 projects registered till date

The Tamil Nadu government had notified the Real Estate (Regulation and Development) Act (RERA) rules in June 2017. Since then, a total of 342 ongoing ...

The Tamil Nadu government had notified the Real Estate (Regulation and Development) Act (RERA) rules in June 2017. Since then, a total of 342 ongoing projects have been successfully registered with the Tamil Nadu Real Estate Regulatory Authority (TNRERA). Officials have stated that more than 50...

  • February 15, 2018
  • 75

Retail space supply to reach 19.4 mn sq ft by 2020: Report

According to a recent study by JLL India, top eight real estate markets are anticipated to generate about 19.4 million sq ft retail space supply in ma...

According to a recent study by JLL India, top eight real estate markets are anticipated to generate about 19.4 million sq ft retail space supply in malls by 2020. However, demand for retail sector is estimated to reach around 15 million sq ft during the same period. The study has observed that the...

  • February 15, 2018
  • 90

Jaipur development authority slashes land reserve prices by 40 percent

The Jaipur Development Authority (JDA) has slashed the reserve price of uninhabited land within its limit by 40 percent in U2 and U3 areas. However, t...

The Jaipur Development Authority (JDA) has slashed the reserve price of uninhabited land within its limit by 40 percent in U2 and U3 areas. However, the Authority has not tweaked the reserve prices of land in developed colonies under its jurisdiction. The rates of vacant and less populated land in...

  • February 15, 2018
  • 79

Nagpur civic body to set up environment cell to issue certificates

The Nagpur Municipal Corporation (NMC) is all set to establish a new environment clearance authority to expedite project approvals. The Corporation ha...

The Nagpur Municipal Corporation (NMC) is all set to establish a new environment clearance authority to expedite project approvals. The Corporation has shortlisted six members for the new environment cell. The department has proposed to appoint three members on three sub-committees including waste...

  • February 15, 2018
  • 42

Maharashtra increases FSI to attract private developers

The Maharashtra government has amended its Industrial Policy, 2013 to attract more private players' participation to acquire and develop industrial pr...

The Maharashtra government has amended its Industrial Policy, 2013 to attract more private players' participation to acquire and develop industrial projects across the state. The State government had implemented the Industrial policy to accelerate investment flow to industrially underdeveloped...

  • February 15, 2018
  • 92

Yamuna e-way authority assigns Jewar metro plan to DMRC

The Yamuna Expressway Industrial Development Authority (YEIDA) is all set to appoint Delhi Metro Rail Corporation (DMRC) to prepare a proposal of a hi...

The Yamuna Expressway Industrial Development Authority (YEIDA) is all set to appoint Delhi Metro Rail Corporation (DMRC) to prepare a proposal of a high-speed metro link project between Greater Noida and an upcoming international airport at Jewar. Shailendar Bhatia, Officer on special duty, YEIDA,...

  • February 14, 2018
  • 94

Cuttack civic body issues notices to 70 properties flouting fire safety norms

The Cuttack Municipal Corporation (CMC) has issued notices to about 70 commercial buildings who have not availed fire safety clearances or attained bu...

The Cuttack Municipal Corporation (CMC) has issued notices to about 70 commercial buildings who have not availed fire safety clearances or attained building plan approvals from the Cuttack Development Authority (CDA). Recently, a fire broke out in the garment store, which lacks fire safety...

  • February 14, 2018
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