BUDA to distribute 1700 sites
The 1700 plots of five various dimension will be coming in 148 acre land
Jun 26, 2013
Source : The Times of India

 

BELGAUM: If all goes according to plan, the Belgaum urban development authority (BUDA) will distribute 1700 sites at Kanbargi by June next year. Already the government has approved the project and a survey is also been conducted for the same. The 1700 plots of five various dimension will be coming in 148 acre land.

The notification for the proposed project conducted in the year 2007, but due to various reasons including acquisition problem the project was delayed but now it has picked up its momentum and by next year during this time the authorities will start distributing it. Already 75 acre of land is in BUDA position and for the rest of the land already the process is going on. Among 148-acre land, 52 per cent will be for residential plots while the rest will be for other various purposes like drainage, water connection, road etc.

Among 1700 plots, it will be distributed in five different dimensions like 417 plots for 20×35, 590 plots for 30×40, 211 plots for 30×50, 353 plots for 40×60 and 93 plots for 50×80. Under the scheme, the urban body will collaborate with farmer or property owners for development of the new layout will enter into an agreement with the property owner to develop the layout and 40 per cent of sites will be given to the property owner. It was in 2007 BUDA distributed sites at Kumarswamy layout since then, that is for the past six years, they are yet to distribute sites to the people. It is estimated that the proposed cost for the site will be Rs 700 to Rs 800 per sqft or Rs 7 to Rs 8 lakh per gunta

“The notification for the proposed project was taken up in 2007, if everything goes accordingly then, sites will be distributed by June next year,” added incharge BUDA commissioner Vivek N Karekar.

Latest Realty News

CII: Emerging investment hotspots
Jun 25, 2013
DELHI: India has its own unique and integral complexities and business is not an exception to it. Corporations strive for increased efficiency and productivity amidst these complexities. Real estate is an integral ingredient in the formation and growth of all businesses and steadily maturing into a big business itself.
Buying a property just got a bit more cumbersome
Jun 25, 2013
MUMBAI: A common saying goes, to know "stress", organize a person's marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Growing trend for villas in Sarjapur, Bangalore
Jun 25, 2013
BANGALORE: Even though South and East Bangalore are nearing saturation, one area that is still seeing significant real estate action is Sarjapur and the adjoining Sarjapur Road. There are over two lakh IT employees residing in these areas, mostly working in multinational companies situated at the Outer Ring Road (ORR) and IT clusters around Madiwala and Whitefield. Originally a hub for affordable 2 and 3BHK units, Sarjapur is witnessing a growing trend for villas. According to MagicBricks.com
Bangkok cheapest office location in Asia; Hong Kong most expensive
Jun 25, 2013
BANGKOK:Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said on Monday.
CREDAI bats for realty reforms with Girija Vyas
Jun 24, 2013
DELHI: Praising the Union Government’s efforts towards real estate reforms, realtors’ apex body Chairman Lalit Jain expressed the hope that the new Housing and Urban Poverty Alleviation Minister Ms. Girija Vyas will continue with the unfinished task of her predecessor Mr Ajay Maken.
Developers shower freebies to sell luxury units
Jun 22, 2013
BANGALORE: Gold coin worth a certain amount, silver Ganapati idol of `medium size’, diamond pendant worth a certain carat and with `international cut’, these are some of the offers being made to lure prospective home buyers in Bangalore. Other noticeable free offerings include free furnishing of homes, free parking, free club membership, waiver on registration charges and stamp duty and lucky draws, as marketing strategy to attract home buyers.
Mixed land use finds more takers
Jun 21, 2013
BANGALORE: In major cities, land regulations and growth patterns have made it conducive for property owners to design their properties in such a manner so as to harness maximum returns. One such option is the mixed land use of property. This development pattern not only allows for more floor space index (FSI) it also creates a social fabric for that locality.
Elevated roads: Routes to development in Bangalore
Jun 21, 2013
BANGALORE: Magic boxes, flyovers, underpasses, roadover-road – the city has seen it all in the last couple of years. The drastic transformation can be attributed to a burgeoning working population. This has necessitated infrastructure projects to ease congestion on the city’s roads which were laid originally to cater to a population of just 20,000, and make travel smooth for the approximately 44 lakh vehicles that ply on them today.
Hosur Road elevated expressway pushes residential development
Jun 21, 2013
BANGALORE: When elevated corridors were first planned for the city, the aim was to seamlessly connect the city center with far-flung localities. However, as a direct result of such upgradation of connectivity, the areas around these elevated roads are benefitting from better social infrastructure, and a further proliferation in commercial and residential options in the vicinity.
Kaveri water boosts real estate market in Mahadevpura
Jun 21, 2013
BANAGLORE: Mahadevpura, a strategically located micro-market close to Whitefield and Indiranagar has reported impressive growth in residential projects in the Jan-Mar 2013 quarter. In a matter of three months the area has recorded an impressive 24 per cent increase in per sq rate.

Latest Realty News Of State

Realty Talk's