Latest Realty News

CAG-raps-govt-on-Lingaraj-shrine-land-encroachment
Apr 03, 2015
BHUBANESWAR: With hundreds of acres of Lingaraj Temple land under encroachment, the comptroller and auditor general (CAG) has come down heavily on the state government
Greater-Vissakhapatnam-Municipal-Corporation-properties-have-no-title-deeds:-CAG
Mar 30, 2015
HYDERABAD: Going by the comments of the Comptroller and Auditor General (CAG) of India, it is easy to encroach upon government land in the Greater Vissakhapatnam Municipal Corporation (GVMC) area
CAG-flays-Haryana-realty-developers
Mar 27, 2015
Chandigarh: Real estate developers in Haryana earned up to 880 times of the original price of land in a few months, according to CAG report
DTCP-should-monitor-builder-ads:-CAG
Mar 27, 2015
Gurgaon: A CAG audit has cited negligence on the part of Department of Town and Country Planning (DTCP), Haryana, in monitoring advertisements of the project of a builder and changes in shareholding of developer firms
CAG-raps-Haryana-govt-under-Congress-regime-for-'undue-favours'-to-Vadra
Mar 26, 2015
Chandigarh: "Undue favours" to builders, including Robert Vadra's Skylight Hospitality, by the Haryana Government during the earlier Congress regime has come under attack from the Comptroller and Auditor General (CAG)
AG-suggests-special-land-allotment-policy-by-Idco
Mar 17, 2015
Bhubaneswar: The Comptroller and Auditor General (CAG), upset with arbitrary land allotment policy of state-run Industrial Infrastructure Development Corporation (Idco)
KSCA-may-have-to-pay-almost-Rs-1cr-rent-for-using-govt-land
Jan 19, 2015
Bengaluru: An observation in the Comptroller and Auditor General of India (CAG) report of 2010 that the state government should collect rentals from the Karnataka State Cricket Association (KSCA) and Bangalore Golf Club (BGC) for allowing them to use prime land
AG seeks action taken report in land allotment cases
Jan 09, 2015
Bhubaneswar: The Accountant General (AG) of India has sought action taken report from the state government on the irregular land allotment cases
CAG raps Housing Board for 'rampant' discrepancies
Dec 18, 2014
Belagavi: The Comptroller and Auditor General has rapped the Karnataka Housing Board for “rampant” discrepancies in selection of locations for housing projects
CAG trashes SEZ Policy for diverting land to realty projects
Nov 29, 2014
New Delhi: The CAG has trashed the Special Economic Zones (SEZs) Policy as it has ended up diverting huge tracts of land acquired for setting up manufacturing facilities and generating jobs to real estate projects
Taskforce on land submits report
Nov 15, 2014
BHUBANESWAR: Taskforce on Land headed by Revenue secretary Taradatt submitted its report to the Odisha government
BDA staff expense under IT scanner
Oct 14, 2014
The Income Tax (IT) department has asked the development authority to submit names of its employees who have invested more than Rs 5 lakh between 2010-11 and 2013-14
Odisha's Idco trashes CAG report on land mortgage
Sep 11, 2014
The state’s nodal land acquisition agency Odisha Industrial Infrastructure Development Corporation (Idco) has hit back at the Comptroller & Auditor General of India (CAG), trashing its report on irregular land allotment to industries
Idco step to cancel land leases draws flak from industry bodies
Sep 04, 2014
The decision of the Odisha Industrial Infrastructure Development Corporation (Idco) to cancel the lease deeds of the land lying idle in industrial estates has drawn flak from the industry bodies the state
Law dept to review KIIT land allotment
Sep 04, 2014
The state law department will examine the issue of allotment of 14 acres of land to city based Kalinga Institute of Industrial Technology (KIIT)
Showcause notice in Idco plot row
Sep 03, 2014
Odisha Industrial Infrastructure Development Corporation (Idco) has issued showcause notices to more than 250 entrepreneurs who were allotted acres in industrial estates at a concessional rate but violated the approved land-use policy
All but industry on Idco acres
Sep 01, 2014
One more incident about gross misuse of land has tumbled out of the closet to haunt the already beleaguered Naveen Patnaik government
Comptroller and Auditor General of India warps Bangalore Development Authority for generous spending...
Feb 27, 2014
BANGALORE: The generous donation by Bangalore Development Authority (BDA) has invited the wrath of Comptroller and Auditor General of India (CAG).
Municipal bodies to pass building maps, again
Dec 16, 2013
PATNA: Municipal bodies in the state will again be empowered to pass the building maps in the municipal areas, according to an amendment in the Bihar Municipalities Act, 2007. The state legislature, during its just concluded winter session, passed the amendment bill which directs the urban bodies to earmark at least 25% of their budget for the development of infrastructure for the urban poor.
Only 13% houses built under integrated housing plan: CAG
Aug 29, 2013
JAIPUR: Major loopholes have been observed by the CAG in implementation of the Integrated Housing and Slum Development Programme (IHSDP) by the Rajasthan government. The state could utilize only 22% of the funds of the programme resulting in construction of only 13% of the targeted houses.
National auditor questions working of housing board
Aug 28, 2013
RAIPUR: In a gross violation of laws and basic principles of accounting and auditing, the Chhattisgarh Housing Board (CGHB) has not prepared the income and expenditure statements and balance sheets for the past five years- 2007-08 to 2011-12. To top it all, the CGHB has been violating laws with impunity.
Online real estate business likely to grow: Experts
Jul 07, 2013
MUMBAI: With a rising number of property portals entering the market, the online real estate business is expected to improve gradually as these websites bring transparency by providing high quality information about projects, believe industry experts.
Govt acts on land allotment irregularities in Bhubaneswar
May 29, 2013
The state government has swung into damage control mode after Comptroller and Auditor General (CAG) recently pointed out gross irregularities in land allotment in the city. It has decided to recover money from the allotees, who got land at concession without justification, and verify all discretionary quota allotments made between 1983 and 1999.

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