Track2Realty Exclusive: While the Vijay Kelkar Committee has strongly advocated in its recommendation to the Central Government that monetisation of the government land can finance the basic urban infrastructure needs, a move in that direction has set the tone for a fresh debate in Maharashtra.
India’s plan to buy a property to move its cultural centre in Colombo is in limbo, after New Delhi lost out to a Chinese state-owned company in the race to buy a prime plot in the Sri Lankan capital – allegedly due to delay by the island nation’s government in issuing necessary clearances.
Hyderabad continues to be a favoured destination for investments due to its unique infrastructure, and real estate prospects are promising despite the Telangana agitation.
The draft Real Estate (Regulation and Development) Bill, 2011, aims at bringing reforms in the unorganised Indian real estate sector.
The Kerala Government has proposed to constitute a real estate regulatory authority to monitor and guide builders and developers in the State.
In a letter addressed to the Government of Goa on 15/3/2011 Airport Director, Goa, AAI pleas that the Government of Goa may kindly consider proceeding with the land acquisition in respect to Survey No 8/1 in view of the inescapable and imperative requirement of the area for airport development.
Bihar Chief Minister Nitish Kumar is under fire for allotting prime real estate in Bihar to relatives of Government officials and Ministers.
Nearly all the real estate developers, a whopping 96 per cent, across the country are cribbing for the sectors’ continued under representation in the Union Budget over the years.
In the wake of Adarsh society controversy the Mumbai government has suddenly woken up to the reality that they don’t have authentic records of land ownership and maps of many plots in one of the costliest addresses in India, South Mumbai. The state’s urban development department has written to the city collector, telling him to prepare records of ownership of land in Backbay and Nariman Point areas in south Mumbai.