Latest Realty News

Demolition in Mumbai will weaken legal floors, residents fear
Nov 13, 2013
MUMBAI: Campa Cola residents whose flats have been declared illegal are understandably under pressure, but legal residents whose homes are not up for demolition are enveloped by insecurity as well. Two reports by structural engineers indicate that the remaining structure will not be fit for habitation once the illegal portions are demolished. The legal residents also wonder how the BMC will continue to provide water and electricity while cutting off utilities for the illegal flats. After all, fl
Govt officials in Odisha to get posh colony soon
Nov 05, 2013
BHUBANESWAR: The state government will construct 1000 high-end government quarters for babus in the city similar to New Delhi's Moti Bagh, which provides posh residential facilities to bureaucrats.
Phailin onslaught: Focus on disaster-resistant buildings
Nov 05, 2013
BHUBANESWAR: Once bitten twice shy. The Phailin onslaught has promoted the jittery state government to reassess the planning and design of the proposed houses to be built under the centrally-sponsored Rajiv Awas Yojana (RAY) for the urban poor in Bhubaneswar.
Govt flays Bhubaneswar Municipal Corporation over tender lapse
Nov 04, 2013
BHUBANESWAR: The housing and urban development (H&UD) department has rapped the Bhubaneswar Municipal Corporation (BMC) for selecting Sulabh International, an organization promoting sanitation, without floating tenders for construction of public toilets in the city.
BMC inks deal for 600 RAY houses
Oct 30, 2013
BHUBANESWAR: The Bhubaneswar municipal corporation (BMC) on Monday signed an MoU with National Building Construction Corporation Limited (NBCC) for construction of Rajiv Awas Yojana (RAY) houses at Gadakana here.
‘BDA, BMC responsible for city waterlogging’
Oct 28, 2013
BHUBANESWAR: Kalinga Sena supremo Hemant Rath on Sunday alleged that the waterlogging in the capital city caused due to the torrential downpours for five consecutive days is ‘manmade’ and the Bhubaneswar Development Authority (BDA) and the Bhubaneswar Municipal Corporation (BMC) are highly responsible for the problem.
Mira-Bhayander stretch on a high, appreciation expected
Oct 23, 2013
MUMBAI: Prices of residential properties on the Mira-Bhayander stretch – the suburban location in Thane district, have doubled in the past three years on the back of growing connectivity and infrastructure and there is scope for further appreciation in the near future. The locality is administered by the Mira-Bhayander Municipal Corporation (MBMC). A 1,000-sq ft apartment in a multi-storeyed building is available in the range of Rs 75-80 lakhs at present.
Proper notice must to hike property tax
Oct 10, 2013
MUMBAI: The Brihanmumbai Municipal Corporation cannot hike property tax without serving proper notice on the property’s owner or occupier, the Bombay high court has said. Eleven years after the BMC asked some Girgaum residents to pay extra tax, Justice S S Shinde came to their aid and said the pasting of notice on the property “cannot be accepted”.
35 illegal floors of Campa Cola may be razed on Oct 3
Sep 27, 2013
MUMBAI: The last vestiges of hope for embattled residents of the upscale Campa Cola society in Worli appears to be lost. The BMC’s building proposal department has “on legal grounds” rejected their proposal to regularize those sections of the society that fall within the permissible floor space index (FSI) limit. The BMC plans to raze 35 illegal floors across seven buildings on October 3, instead of the earlier plan of October 2 owing to Gandhi Jayanti.
Mumbai property rates may remain subdued in near future: Icra
Sep 06, 2013
MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra.
BDA plans to develop open space
Aug 26, 2013
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has decided to renovate and beautify an open space of 1.5 acre in Ananta Vihar near Pokhariput. It is part of the steps taken by BDA to minimise the misuse of open space in the city.
No buyer for BMC property in mall
Aug 24, 2013
BHUBANESWAR: There are few takers for the Bhubaneswar Municipal Corporation (BMC) properties in the Bhawani Mall shopping complex in the city.
Civic body to look after BDA housing colonies
Aug 23, 2013
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has decided to hand over the development of infrastructure and other basic amenities in three housing colonies developed by it to Bhubaneswar Municipal Corporation (BMC).
Calculate your property tax online for Mumbai properties
Aug 19, 2013
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has introduced an online calculator to compute properties taxes.
BDA inks MoU with AMC to replicate success of TP in Bhubaneswar
Aug 07, 2013
BHUBANESWAR: INSPIRED by the success of town planning (TP) in Ahmedabad, the Bhubaneswar Development Authority (BDA), today signed memorandum of understanding (MoU) with Ahmadabad Municipal Corporation (AMC) in the State Secretariat, The MoU has augment­ed BDA to replicate town planning model of Gujarat in peripheral areas of Jagasara.
BMC staff get cutting order
Jul 22, 2013
BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has authorized its engineering staff to cut drains and roads, blocking rainwater, to prevent waterlogging. The BMC has identified 30 points prone to waterlogging in the city.
BDA to set up complaints cell
Jul 20, 2013
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has decided to set up a special redressal sys­tem to resolve planning-wing re­lated grievances instantly.
BMC rakes in Rs 1500 crore from premium of FSI
Jul 09, 2013
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has earned a major windfall, thanks to Mumbai’s builders. The BMC earned Rs 1,500 crore in little over a year by charging builders a premium for utilizing compensatory floor space index (FSI). FSI defines how much can be built on a plot.
Credai injecting a booster shot to plantation drive
Jul 04, 2013
BHUBANESWAR: CONFEDERATION of Real Estate Developers' Association of India (CREDAI), State chapter in association with Bhubaneswar Municipal Corporation (BMC) today started a plantation drive called, 'Green makes the difference', on the occasion of 'Bana Mahotsav.
MCHI-CREDAI slams new property tax, support hunger strike by consumers
Mar 14, 2013
MUMBAI: Strongly opposing the new property tax structure proposed by Brihanmumbai Municipal Corporation ( BMC), realty estate developers body MCHI-CREDAI has extended support to the consumer agitation against the new slabs.
A new cadre for Civic officials soon
Dec 09, 2012
Bhubaneswar: Chief Minister Naveen Patnaik on Saturday announced a new cadre for the officials of the municipalities and notified area councils (NACs) so that better services could be provided to urban dwellers.
Crackdown order on building norm violators
Dec 07, 2012
BHUBANESWAR: The state government has pulled up the Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) for failing to curb violation of building regulations in the city.
BMC moots online grievance redressal
Dec 07, 2012
BHUBANESWAR: Bhubaneswar Municipal Corporation (BMC) will soon give a proposal to Odisha Computer Application Centre (OCAC) to facilitate citizens post grievances online to the civic body.
Bhubaneswar on path to cut carbon emission
Nov 11, 2012
BHUBANESWAR: If everything goes as per plan, Bhubaneswar will be a city with low carbon emission. The state capital was selected by World Wildlife Fund (WWF) and ICLEI, an NGO working on environment and energy for implementation of Green House Gas (GHG) inventory. The inventory will help reduce carbon emission.
Hazardous e-waste lies unattended
Nov 05, 2012
BHOPAL: Bhopal Municipal Corporation (BMC) has not been able to bring into force the e-Waste Management and Handling Rules 2011, even six months after they were implemented by the centre.

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