The state government has proposed to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region. With this decision the builders will get the chance to construct more apartments, which will definitely increase the supply of the properties in Mumbai region. The government officials have confirmed that the decision to give [...]
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Latest News and Stories related to State government
New FSI rules may lead to home price reduction in Mumbai
Thursday, May 17th, 2012Stamp duty is increased by Mumbai government
Tuesday, May 15th, 2012As the state government of Maharashtra has proposed a hike in the stamp duty of the property transaction, the buyers of the residential and non-residential properties in Mumbai will have to pay a five per cent stamp duty on the market value of the property. Earlier, the stamp duty in Mumbai was charged at Rs [...]
Orissa government is planning to set new water tariffs
Tuesday, May 15th, 2012The residents of Orissa are asked to save water as the government has planned a new tariff for the water usage in the state. According to the bill, the tariff will be increased by 3 percent every year. The government has also decided that telescopic tariff will be levied on all categories of consumers. For [...]
Infrastructure Development is not upto the mark in Himachal Pradesh
Friday, May 11th, 2012The Himachal Pradesh high court has directed the state government to submit its report regarding efforts made by them to improve the condition of roads in the state. The road construction work taken by the government is going on a very slow pace. The residents of different areas are complaining about the same. The court [...]
Real Estate in Chennai to be Controlled by Infrastructure Development Board
Thursday, May 10th, 2012The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...]
Stadium Construction in Thiruvananthapuram has got Special Zone Status
Thursday, May 10th, 2012The state government has declared the construction site of Greenfield international stadium at Kariavattom as a special zone. The construction work of the stadium was inaugurated on 8th May. The special zone status is awarded to the construction of the stadium to ensure the timely completion of the project in Thiruvananthapuram. The construction of the [...]
Property records to be maintained by Government
Tuesday, May 8th, 2012The state government of Karnataka has approved the implementation of the Urban Property Ownership Record (UPOR) program in Bangalore. With this initiation, the government is expecting to control the fraudulent activities related to property transactions. According to the records, there are 16 lakh assessed properties, while the officials are expecting another 4 to 5 lakh [...]
Hyderabad Metro rail project will be completed in five years
Thursday, May 3rd, 2012The state government has handed over about 90% of the land required for the construction of the Metro railway in Hyderabad. The construction company Larsen and Toubro Ltd (L&T) will construct the entire project in a phased manner in the next five years. The total estimated cost of the construction will be Rs 16,375 crore. [...]
EWS will get Low-cost flats in Delhi
Thursday, May 3rd, 2012Construction of affordable housing in Delhi will be prioritized by the State Government. In a press meet, the Chief minister of Delhi said that the labour class and the economically weaker sections are the ‘catalyst of Growth’. The Delhi government has provided a sum of Rs 800 crore to the Delhi Construction Workers Welfare Fund, [...]
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