In a housing society, the convenience shops are a boon. However, what may seem like a convenience for a large number of residents of the high-rise buildings, is more often bad business sense for … READ FULL STORY
Of the many jargons that one would invariably come across in real estate transactions, are FAR and FSI (floor space index). The two terms, which stand for one and the same thing, confuse many … READ FULL STORY
The FSI (floor space index), also known as the FAR (floor area ratio), is a frequently used technical term in real estate, to determine the maximum amount of floor space erected on a given … READ FULL STORY
The Delhi Development Authority (DDA), on September 14, 2021, gave its approval to the additional development control (ADC) norms for areas notified under its land pooling policy, 2018. The new ADC rules, which were … READ FULL STORY
The Chandigarh Housing Board recently auctioned 11 residential (leasehold) and 156 commercial (leasehold), properties which received lukewarm responses from the applicants. The CHB had recently reduced their reserve price by 10% to 20%, after … READ FULL STORY
In the post-COVID-19 era, as the concept of cross ventilation, open spaces and wellness gains ground, balconies in apartments have once again become a focus area in urban real estate markets. While individuals from … READ FULL STORY
You might have come across the term ‘common areas’ every now and then. These are areas that are, as the name suggests, common to all and therefore, paid for by all the residents of … READ FULL STORY
The AAP government, on January 23, 2020, informed the Delhi High Court that unauthorised colonies in forest areas are prohibited from regularisation under the centre’s October 2019 notification to regularise illegal settlements in the … READ FULL STORY
The Delhi Development Authority (DDA), on January 2, 2020, approved a proposal to undertake viable, in-situ slum redevelopment or rehabilitation, with respect to 17 projects, by executing the work on a public-private-partnership (PPP) mode … READ FULL STORY
Senior citizen Sitalakshmi Nair, a resident of Coimbatore, moved into a rental flat in Mumbai’s Matunga, to live in the same housing complex as her son. However, owing to the high rental in the … READ FULL STORY
The Haryana government plans to develop five new cities of 5,000 hectares each, alongside two major expressways – Kundli-Manesar-Palwal (KMP) and Kundli-Ghaziabad-Palwal (KGP) – to boost industrial, commercial and housing activities in areas bordering … READ FULL STORY
Haryana chief minister Manohar Lal Khattar, on September 13, 2018, said that since Faridabad is the second-largest city of Haryana after Gurugram, it has been decided to constitute a Faridabad Metropolitan Development Authority (FMDA), … READ FULL STORY
Nearly 5,700 properties have, so far, been sealed by three municipal corporations as part of a sealing drive, for allegedly violating the provisions of Delhi’s Master Plan, following directions of a Supreme Court-appointed monitoring … READ FULL STORY