Faced with cash crunch, realty firm Unitech has sold 74-acre land in Gurgaon, Chennai and Hyderabad for Rs260 crore to boost its cash flow and complete ongoing projects. The Gurgaon-based developer has sold 41 acres in Hyderabad for Rs160 crore, 19.05 acres in Chennai for Rs67 crore and 13.55 acres in Gurgaon for Rs33 crore.… Read More »
Public sector lender Syndicate Bank has put up land bank owned by GVK Group in GVK Perambalur SEZ Pvt Ltd in Tamil Nadu for sale as part of recovery of its outstanding loan of Rs 175 crore. According to a public notice issued by the bank on Thursday, the Reserve Price of the property that… Read More »
Realty firm Unitech Ltd has sold over 30 acres of land parcels in Gurgaon and Chennai for Rs 97 crore as part of its plan to divest non-core assets. The company has sold 30.60 acres of land for Rs 96.86 crore during October-December quarter of this fiscal, according to a presentation. Unitech has sold 19.05… Read More »
Calling for a comprehensive solution to address the menace of unapproved layouts and indiscriminate conversion of farmlands into housing plots, the Madras high court has, yet again, declined to vacate its September 9, 2016 order imposing blanket ban on registration of unapproved layouts in Tamil Nadu. Source: Times of India
‘DTCP approved’ seems to be the new catchphrase in all the real estate advertisements. Two months after a high court ruling ordering that only plots approved by the Directorate of Town and Country Planning (DTCP) can be registered, the demand for such approved plots has gone up in the city. “In a place like Coimbatore,… Read More »
When the matter came up before the First Bench, it was informed that registration was not taking place even in some categories that were not covered by the concern of the court. Therefore, it permitted counsel for petitioners who had approached it for relief to categorise their applications based on the nature of the land… Read More »
The first bench of the court, which on September 9 stunned the thriving unapproved plot developers’ lobby by directing registration department officials not to entertain sale deeds of unapproved layouts and buildings and register them, said it would not allow itself to be pressured into reconsidering the order. After the ban, several thousand registration activities… Read More »
Applicants seeking permission for building plans from the Chennai Metropolitan Development Authority (CMDA) need not furnish the revenue department’s certificate on land use pattern. The urban planning body has simplified the process of obtaining plan approvals, wherein CMDA would carry out the verification of land records through the database of the revenue department. Source: Timesofindia