Latest Realty News

Builders-may-get-more-FSI-for-buildings-over-30-years-in-Thane
May 16, 2015
THANE: High-rises may soon stand tall in the old Thane city
Builders-in-Nashik-seek-addl-FSI-on-roads-with-widths-less-than-9m
May 09, 2015
NASHIK: CREDAI Nashik and the Indian Institute of Architects (IIA), Nashik branch have welcomed the new proposed policy of the Transfer of Development Rights
Mumbai-Floor-Space-Index:-Moving-up-leaves-problems-aground
May 09, 2015
Mumbai: Brihan Mumbai Municipal Corporation (BMC) has, in the plan, proposed more than a three-fold increase in the total residential built-up floor area.
Bonanza-for-some-Mumbai-builders-who’ve-exceeded-FSI-limits
May 05, 2015
MUMBAI: The BJP-controlled state urban development department (UDD) is set to favour some builders
Realty-stocks-rise;-Maha-govt-ups-premium-on-additional-FSI
Mar 19, 2015
Mumbai: Shares of Maharashtra-based realty companies are on buyers’ radar after the floor space index (FSI) booster in the state
CII-lauds-proposal-to-raise-floor-space-index
Feb 19, 2015
MUMBAI: The Confederation of Indian Industry has welcomed the proposed increase in floor space index (FSI) in the draft Development Plan 2034
Flat space cheating complaint to legal metrology department, 2,000 petitioners to BMC can go there
Jan 02, 2015
MUMBAI: The resident of a Mulund housing society filed complaint with the legal metrology department against cheating on floor space by a builder
No capital gains on sale of FSI by housing societies, rules Bombay HC
Dec 20, 2014
MUMBAI: A housing society does not have to pay any capital gains tax when it sells additional floor space index (FSI) to a builder, according to a recent Bombay high court decision
Tenants move high court, seek denial of occupancy certificate for their rehab building
Sep 07, 2014
n a unique battle, tenants of a large plot in Tardeo have come to the Bombay high court to intervene and oppose a developer's demand for an occupancy certificate (OC) for their own rehabilitation building
Congress asks CM to act upon 2.5 FSI approval
Sep 07, 2014
Congress corporator Dashrath Bhagat has submitted a letter to chief minister Prithviraj Chavan, asking for implementation of 2.5 FSI approval for dilapidated buildings in civic area
Keep room for sea level rise in city planning of Mumbai
Jan 10, 2014
MUMBAI: All new development projects must factor in the impact of climate change and sea level rise, said environmentalists on January 9.
FSI incentives also offered to existing proposals
Dec 12, 2013
BANGALORE: Floor Space Index incentives are offered not only to fresh proposals but also to the existing realty proposals. Housing societies of landlords or occupiers may convert their earlier proposals in accordance with the modified regulations, provided the redevelopment scheme is in progress and has not been completed, i.e. where full occupation certificate is not granted.
Metro and monorail: A boon for Mumbai suburbs
Dec 06, 2013
MUMBAI: P Nagarajan, a resident of Andheri, is upbeat about both, the monorail and the metro project, even though the projects have been delayed. For many like him residing in the suburbs, these projects are going to make life much easier. According to property analysts, these projects are being envisaged as game-changers in terms of connectivity and will reduce both, traffic congestion and commuting time.
Only builders will gain from demolition: Campa Colony society resident
Oct 11, 2013
MUMBAI: Residents of Campa Cola society in Worli are an embittered lot. Not only are they set to lose their apartments, they are upset that the lone beneficiary of the demolition will be the unscrupulous builders or the new builder, who could approach the civic body with fresh building plans.
BMC reworks FSI of tallest residential tower
Sep 17, 2013
MUMBAI: A high court-directed report prepared by the civic administration could force the developer of Palais Royale, touted as India's tallest residential tower, to rework its plan.
Govt mulls Singapore model of development for cities
Sep 09, 2013
PUNE: The Central government is mulling the Singapore model of development planning for Indian cities, where the plan is drafted for 30-50 years instead of the current 10-20 years.
Faced with sluggish growth realty companies selling land to peers
Jul 24, 2013
DELHI: Faced with sluggish growth, some large real esate companies in India have started selling parts of their licensed land in township projects to raise funds and speed up project execution.

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