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CommonFloor Editorial Team

No NOC to builders

BWSSB says no to NOC, Builders on edge

At a time when the real estate sector of the state is in a blue funk, the Bangalore Water Supply and Sewerage Board (BWSSB) has made a rather “de trop” entry by ceasing the issue of No Objection Certificate for major housing units within the BBMP limits. The inability of the developers to ensure a […]

CommonFloor Editorial Team

real estate in Marathahalli

Marathahalli: Invest for higher rental returns

Spending for higher yields is by far, the most common objective for an investor and Marathahalli, Bangalore is the apt location for such an approach. According to market statistics, purchasing an apartment of Rs 40 lakh(average) can fetch a rental yield of Rs 16000-Rs 17000 per month in the area. In terms of top grosser […]

CommonFloor Editorial Team

Land Bill to get modified rules

The rural development ministry has sought the law ministry’s approval for modified rules in the Land Bill. The Bill titled – the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 – was passed only about two months ago on September 27. The modified rules relating to key provisions, including […]

CommonFloor Editorial Team

Mixed land use to be permissible in Noida

Noida authority is planning to promote mixed land use in the region in which certain commercial activities can be carried out from within sectors that have been reserved for other uses like residential sectors, industrial sectors, etc. The Authority had held its 180th board meeting on November 29 during which it gave in-principle approval of […]

CommonFloor Editorial Team

Owners of illegal buildings pay double property tax to PCMC

The Pune civic body will tap into huge funds as it orders illegal structures in the Pimpri-Chinchwad Municipal Corporation (PCMC) limits to pay double property tax. With such a move, the civic body intends to net Rs 42 crore revenue from the structures that cropped up after 2008. Pimpri-Chinchwad Municipal Corporation will soon bring to […]

CommonFloor Editorial Team

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